Insecticides Market

Global Insecticides Market Size (2024 to 2032)

The global insecticides market was valued at USD 18.5 billion in 2023 and is anticipated to reach USD 19.44 billion in 2024 from USD 28.95 billion by 2032, growing at a CAGR of 5.1% from 2024 to 2032.

CURRENT SCENARIO OF THE GLOBAL INSECTICIDE MARKET

Insecticides are used to harm, kill, repel, or mitigate any species of insects, especially in agriculture. These insecticides work in different ways, such as they can disrupt the nervous system, whereas others might repel them or control them by some other means and damage their exoskeletons. There are various forms that these insecticides get packaged including sprays, dust, gels, and baits. Each insecticide can pose a different level of risk to non-target insects, the environment, pets, and people.

There are many types of insecticides that are available in the market, such as organic insecticides, repellants, inorganic insecticides, non-repellants, and others. The application of these insecticides is found in various industries like agriculture, medical, industrial, household use, and so on. The agricultural sector became the largest market for Insecticides owing to the increasing insect transmittable diseases. With the protection of target pests and target crops, the global insecticides market has different types of products. The application technique of insecticides is also unique sometimes, such as soil injection, space treatment, seed treatment, and so on, which are majorly done with sprays, liquid, and station bait injection types.

MARKET DRIVERS AND RESTRAINTS

In every agricultural company, insecticide is a driving force that supports the market of the food industry and other application industries owing to their essential role in crop production coupled with the quick action of insecticide to control the pest. An increase in the number of resistant parasites, growing food demand, and a requirement for increased agricultural productivity are the major factors that are driving the global insecticides market. With the usage of crop protection products, such as insecticides, the overall food production may increase and help to fulfill the food requirement climate changes and pests, and farmers have to face crop fluctuations are the factors that are expected to further fuel the growth in the insecticides market.

The key factors that are likely to accelerate the global insecticides market over the forecast period are the decline in the arable land, increasing crop losses due to insect attacks, and the developments in farming practices & techniques coupled with the increasing global exports and the rise in the instances of crop losses owing to insect infestation. On the other hand, the strict government regulations for the control of chemicals used in insecticides, along with the mounting campaigns for protecting the environment, are acting as a prominent limitation to the world market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Insecticides Market By Type

In the type segmentation of the global insecticides market, organophosphates are the most widely used insecticides as they are cheaper than other alternatives and hold a significant share of the market. In the forecast period, this segment is estimated to continue its dominance over the market owing to its usage in agriculture, homes, gardens, and veterinary practices. However, the stringent government rules on the usage of chemical insecticides and the advent of bioinsecticides as a potent substitute are the challenges that are restraining the growth of the organophosphate insecticides market.

Global Insecticides Market By Crop Type

In the crop type segmentation of the insecticides market, the cereals & grains segment is estimated to have a considerable market revenue owing to their production in almost all countries and high demand for insecticides. The dominance of this segment is anticipated to continue due to the total cereal production growth. With the increase in cereal production and consumption, producers are focusing more on their yield and quality by using effective insecticides. The cereals & grains market is witnessing growth as they are a rich source of vitamins and minerals and are used in large amounts in animal feed.

Global Insecticides Market By Application

Based on the application segmentation of the target market, the foliar spray segment is estimated to be the leading when compared to other divisions in the outlook period. The foliar segment's growth is attributed to the high usage of foliar spray for insecticides due to its ease of application and high effectiveness. This foliar spraying is a technique of treating plants that are with liquid insecticides directly to leaves, which is an excellent solution for plants that are experiencing pest attacks.

Global Insecticides Market By Formulation

From the formulation insight, the emulsifiable concentrate segment has acquired the major share of the market owing to their versatility for use in agricultural as well as non-agricultural applications. The formulation of this concentrate usually contains an oil-soluble liquid active ingredient, one or more petroleum-based solvents, and a mixing agent. They are adaptable to any sprayer, ranging from portable sprayers to hydraulic spraying machines. These concentrates are relatively more natural to handle for treating large areas, which is the main reason for emulsifiable concentrates to dominate the global insecticides market.

REGIONAL ANALYSIS

In the regional analysis, the Asia-Pacific insecticides market has a significant share owing to the rise in the number of resistant pests, increasing food demand, and the need for increased agricultural productivity in this region. Also, the factors that are propelling this region are the need to increase production by increasing productivity and the use of pesticides to control the damage caused by pests.

KEY PLAYERS IN THE GLOBAL INSECTICIDE MARKET

Cheminova A/S, Syngenta AG, BASF FMC Corporation, Monsanto Company, DOW Agroscience LLC, Nufarm Ltd., ADAMA Agricultural Solutions Ltd., Bayer CropScience AG, E.I Du Pont De Nemours and Company, FMC Corporation, Sumitomo Chemical Company Ltd, United Phosphorus Limited, Makhteshim Agan Industries, Marrone Bio Innovation, Arysta LifeScience, Drexel Chemical Company, BioWorks Inc., Heranba Industries Ltd. Some of the market players dominate the global insecticide market.

RECENT HAPPENINGS IN THE GLOBAL INSECTICIDE MARKET

• ADAMA, known as Makhteshim-Agan which is a crop protection company, is becoming a distinctive member of the newly-formed Syngenta Group, an Industry Leader. 

• S&W Seed Company and ADAMA are planning to collaborate on the development of a new sorghum herbicide-tolerant system, which they have announced in a joint press release recently. 

DETAILED SEGMENTATION OF THE GLOBAL INSECTICIDE MARKET INCLUDED IN THIS REPORT

This research report on the global insecticide market is segmented and sub-segmented based on Type, Crop Type, Formulation, Application, and Region.

By Type

• Organophosphates
• Pyrethroids
• Methyl Carbamates
• Neonicotinoids
• Bio-Insecticides
• Others

By Crop Type

• Cereals and Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

By Application

• Foliar spray
• Soil treatment
• Seed treatment
• Post-harvest

By Formulation

• Wettable powder
• Emulsifiable concentrate
• Suspension concentrate
• Oil emulsion in water
• Microencapsulated suspension
• Granules

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East And Africa