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Insecticides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The Global Insecticides Market is segmented by Origin (Synthetic Insecticides and Bio-insecticides); by Insect Pest Type (Sucking Pest and Biting and Chewing Pest ); by Application (Grains and Cereals, Oilseed, Commercial Crops, Fruits and Vegetables, and Other Crop Types). A geographical market analysis covering the top 16 countries across the world has also been included in the study.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
Asia Pacific
CAGR:
5.1 %
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Market Overview
The insecticides market is projected to register a CAGR of 5.1% during the forecast period, 2020-2025.
- The number of pests in different crops, across the world, is rising, and there is a tremendous increase in the number of insecticide-resistant pests.
- Insecticides can be used to control a variety of pests; however, over time, they lose their effectiveness, as pests develop resistance, a significant decrease in sensitivity to a pesticide, which reduces the field performance of pesticides.
- Reliance on insecticide-based pest management of insect pests often leads to the development of insecticide resistance.
- Temporarily disruption in operations during the initial days of the Covid-19 lockdown resulted in the partial decline of the market from the month of March to April-June quarter. However, the operations were resumed in a phased manner from the beginning of April as per instructions from Government bodies across the globe. Since, product falls under an essentials category companies operating in the industry doesn’t foresee any major impact on the business due to the pandemic.
Scope of the Report
The global insecticide market is segmented by origin into synthetic and bio-based. On the basis of application the market is segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables and turf and ornamentals. The market is also segmented by insect type into sucking and biting and chewing pest. Further the market is also segmented by geography into North America, Europe, Asia-Pacific, South America and Middle East and Africa. All active ingredients that are used to control insect pests, including biological insecticides and antimicrobial insecticide, have been considered within the research scope. The market under study includes insecticides applied by owners or operators and commercial applicators, to farms and facilities that are involved in the production of raw agricultural commodities, fiber, mainly food, and tobacco. The market under study also includes crop and field applications, as well as non-crop and post-harvest use in agriculture.
| Origin | |
| Synthetic Insecticides | |
| Bio-insecticides |
| Insect Pest Type | |
| Sucking Pest Insecticides | |
| Biting and Chewing Pest Insecticides |
| Application | |
| Grains and Cereals | |
| Pulses and Oilseeds | |
| Commercial Crops | |
| Fruits and Vegetables | |
| Turf and Ornmental |
| Geography | |||||||||
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Key Market Trends
Increasing Food Demand and Need for Increased Agricultural Productivity
According to FAO, food demand is expected to increase by 50% to 90% by 2050. The world population is expected to grow by over a third, or 2.3 billion people, between 2009 and 2050. Many factors, from climate change to the outbreak of pests and lack of investment, make it challenging to produce enough food. The demand for food is expected to increase in the near future due to the increasing population. The percentage of the arable land area is falling in major countries such as the United States, which indicates the need to increase agricultural productivity to meet the increasing demand of the population. Owing to these trends, the market demand for food is expected to increase, thereby demanding more productivity which can be achieved with the use of various agrochemicals, thereby, increasing the demand for insecticides globally.
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Increasing Insecticide Consumption in the Asia-Pacific Region
Rise in the number of resistant pests, increasing food demand, and need for increased agricultural productivity are the major factors driving the insecticides market in the Asia-Pacific region. Farmers will need to increase production by increasing productivity and using pesticides to control the damage caused by pests. Without the use of crop protection products, such as insecticides, the overall food production may decline, as due to climate changes and pests, farmers are facing yield fluctuations by about 30%. The region is also characterized by highly evolved technological advancements, which, in conjunction with increasing investments in R&D of biological insect control products would serve the increasing domestic demand for quality food.Owing to the above reasons, Asia-Pacific is the largest market in terms of insecticide consumption.
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Competitive Landscape
The global insecticide market is a partially fragmented market with the presence of various global and regional players. In the insecticides market, companies are adopting various strategies, such as product launches, partnerships, and acquisitions, to gain a larger share in the market. The top 7 companies accounting for around 40% of the total market. The market is expected to be more consolidated in the future, as the major players in the market are expanding their business by adopting various strategies
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverable
1.2 Study Assumptions & Market Definition
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat from Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Origin
5.1.1 Synthetic Insecticides
5.1.2 Bio-insecticides
5.2 Insect Pest Type
5.2.1 Sucking Pest Insecticides
5.2.2 Biting and Chewing Pest Insecticides
5.3 Application
5.3.1 Grains and Cereals
5.3.2 Pulses and Oilseeds
5.3.3 Commercial Crops
5.3.4 Fruits and Vegetables
5.3.5 Turf and Ornmental
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Spain
5.4.2.5 Italy
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 South Africa
5.4.5.2 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 ChinaChem Corporation
6.3.2 American Vanguard Corporation
6.3.3 BASF SE
6.3.4 Bayer CropScience AG
6.3.5 Corteva Agriscience
6.3.6 FMC Corporation
6.3.7 Isagro SpA
6.3.8 NuFarm Limited
6.3.9 Sumitomo Chemical Co., Ltd.
6.3.10 UPL Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
*List Not Exhaustive
** Subject to Availability
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