Global Insecticides Market Review 2015-2019 and Forecast 2020-2030

DUBLIN, March 4, 2020 /PRNewswire/ -- The "Insecticides Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The global insecticides market was worth $16.25 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 12% and reach $25.2 billion by 2023.

This Global Insecticides Market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider insecticides market, and compares it with other markets.

World population is growing and is expected to reach 10 billion by 2050 and is expected to significantly boost the insecticides market. Increase in population creates more demand for food. Crop production, farming activities and trade volumes will have to increase in order to meet increased population. Additionally, farmers and commercial farming companies will increase acquisitions in arable land to increase crop production, which is expected to increase the demand for herbicides. In order to meet the food demand that may rise from 59% to 98%, farmers have to increase agricultural productivity through fertilizers and advanced technologies in farming. Thus, the increase in demand for food for the growing population will promote the growth of insecticides market.

The growth of agrochemicals market is likely to be limited by the issues raised by various environmentalists and eco-friendly organizations. Usage of insecticides may cause serious health risks to humans, animals and the environment. For instance, beekeepers in the USA reported annual hive loses of about 30% over the last 10 years and this was primarily attributed to rise in insecticides use in the country. Therefore, increased awareness of the diseases and problems caused due to insecticides is expected to have a negative impact on the growth of the market in the forecast period.

Companies in the insecticides industry are developing new products and improving product composition to make them safer for workers, farmers, plants, and the soil. Every year, companies globally introduce new products or brands to cater to different sets of audiences, insects, and industries. This translates to changes in the base solution, mode of application, and residue formation of the insecticide.

In 2017, Marrone Bio Innovations, Inc. developed Venerate XC, a chemical user-friendly liquid microbial-based solution, which is used in integrated pest management (IPM) with a minimal four-hour re-entry interval (REI), and is under the MRL (maximum residue level) tolerance. The product is also non-toxic to fish, birds, and honeybees. In 2017, the Pesticide Registration and Control Division (PRCD), Ireland and the EU approved Isoclast, a new insecticide developed by Dow AgroSciences.

In March 2018, Sumitomo Chemical, a major Japanese chemical company acquired 82.9% of shares in Botanical Resources Australia Pty Ltd and its affiliated companies (the BRA group), making it a consolidated subsidiary. The BRA group is a global leader in the production of the natural insecticide active ingredient, Pyrethrin.

The insecticides market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 41% of the market.

Major players in the market are Adama Agricultural Solutions Ltd, American Vanguard Corporation, BASF SE, Bayer CropScience AG, FMC Corporation, NuFarm Limited, Syngenta International AG, Sumitomo Chemical Co., Ltd., Monsanto Company,, Arysta Lifescience.

Key Topics Covered

1. Executive Summary

2. Insecticides Market Characteristics

3. Insecticides Market Size and Growth
3.1. Global Insecticides Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers of the Market
3.1.2. Restraints on the Market
3.2. Global Insecticides Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers of the Market
3.2.2. Restraints on the Market

4. Insecticides Market Segmentation
4.1. Global Insecticides Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

• Synthetic Insecticides
• Bio-insecticides

4.2. Global Insecticides Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

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

5. Insecticides Market Regional and Country Analysis
5.1. Global Insecticides Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Insecticides Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

• Adama Agricultural Solutions Ltd.
• American Vanguard Corporation
• BASF SE
• Bayer CropScience AG
• FMC Corporation
• NuFarm Limited
• Syngenta International AG
• Sumitomo Chemical Co. Ltd.
• Monsanto Company
• Arysta Lifescience

For more information about this report visit https://www.researchandmarkets.com/r/9tw7qx

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