The Europe insecticides market size is expected to reach USD 5.57 billion in 2024 and reach USD 7.21 billion by 2029, growing at a CAGR of 5.3% from 2024 to 2029.
Insecticides are chemicals used to control insects by killing them or preventing them from doing anything destructive to crops. Insecticides generally increases the productivity of crops. They are normally used in Agricultural, Industrial and Medicine sectors. The most commonly used Insecticides are Organophosphates, Pyrethroids and Carbamates.
Some of the major factors driving the market are increasing concerns about Insect transferrable diseases, rising demand for food grains owing to the increasing population, increasing Crop losses due to pests, Rising Commercial Pest management services, advancements in agricultural practices or techniques, and fall in per capita farmland. However, some of the factors, like improper handling of insecticides and their toxic properties, are slowing down the growth of the market.
Europe is the third highest market in the world owing to the advanced agricultural practices.
Major Players in the market include BASF SE, E.I. DuPont De Nemours & Company, Dow Chemical Company, Cheminova As, Bayer Crop Science AG, Nufarm Limited, Syngenta AG, FMC Corporation Makhteshim Agan Industries, Sumitomo Chemical Company Ltd.
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