Insecticide Manufacturing Plant Project Market
Insecticide Manufacturing Plant Project Market Forecasts to 2030 - Global Analysis By Product Type (Insecticide Fumigants, Insecticide Baits, Insecticide Granules, Insecticide Sprays and Other Product Types), Formulation (Biological Insecticides, Chemical Insecticides and Organic/Natural Insecticides), Mode of Action, Distribution Channel, End User and By Geography
According to Stratistics MRC, the Global Insecticide Manufacturing Plant Project Market is growing at a CAGR of 6.4% during the forecast period. An insecticide manufacturing plant project involves the establishment of facilities dedicated to the production of chemical compounds formulated to control, repel, or eliminate insects. These plants typically encompass various stages of production, including the synthesis of active ingredients, formulation, packaging, and distribution. The project involves the construction of specialized infrastructure, the installation of manufacturing equipment, adherence to stringent regulatory requirements, and the implementation of quality control measures to ensure the safety, efficacy, and compliance of the insecticide products produced.
Market Dynamics:
Driver:
Expansion of agriculture
As agricultural activities expand, there is an increased demand for insecticides to protect crops from pests and diseases, thereby driving the need for insecticide manufacturing plants. Moreover, as farmers cultivate a wider range of crops, they encounter different pest pressures and challenges. Insecticides play a crucial role in managing these pests and maintaining crop health. Thus, the diversification of crops fuels the demand for insecticides and drives the establishment of insecticide manufacturing plants.
Restraint:
Environmental concerns
The environmental impact of insecticides is a growing concern. Some conventional insecticides can have adverse effects on non-target organisms, such as pollinators, aquatic life, and beneficial insects. Additionally, the persistence and accumulation of certain insecticides in the environment can lead to long-term ecological consequences. Increasing awareness of these concerns has led to a demand for safer and more environmentally friendly alternatives, creating a restraint for conventional insecticide manufacturing plants.
Opportunity:
Increasing global population and food demand
As the world's population continues to grow, there is a heightened need for enhanced agricultural productivity to ensure an adequate food supply. Insecticides play a vital role in protecting crops from pests and diseases, ensuring higher yields and food security. Consequently, the demand for insecticide manufacturing plants rises to meet the growing need for these essential crop protection products.
Threat:
Health and safety risk
The manufacturing of insecticides involves handling potentially hazardous chemicals and substances. Workers in insecticide manufacturing plants may be exposed to health risks, such as respiratory issues, skin irritations, or chemical accidents, if proper safety measures are not in place. Ensuring the health and safety of workers is crucial, and failure to do so can lead to legal and reputational consequences for the plant. As a result, health and safety risk is a significant element hindering market growth.
Covid-19 Impact
The COVID-19 pandemic had a notable impact on the insecticide manufacturing plant project market. Initially, the pandemic disrupted global supply chains, causing shortages of raw materials and components essential for insecticide production. Moreover, the economic fallout from the pandemic resulted in reduced consumer spending and uncertainty in agricultural markets, leading to fluctuations in demand for insecticides.
The biological insecticides segment is expected to be the largest during the forecast period
The biological insecticides segment is estimated to hold the largest share. Insecticide manufacturing plants dedicated to biological products focus on cultivating and processing these natural ingredients, as well as formulating them into effective pest control solutions. The demand for biological insecticides is driven by increasing awareness of the adverse effects of chemical pesticides on human health, beneficial insects, and ecosystems. Additionally, regulatory pressures and consumer preferences for sustainable and organic farming practices further fuel the growth of this market segment.
The agriculture segment is expected to have the highest CAGR during the forecast period
The agriculture segment is anticipated to have lucrative growth during the forecast period. Insecticides play a vital role in safeguarding crop yields and quality by combating pests that threaten agricultural productivity. Insecticide manufacturing plants are tasked with producing a diverse range of formulations tailored to target specific pests while minimizing environmental impact and ensuring crop safety.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period due to its significant agricultural activity, large population, and diverse pest management needs. With a rapidly growing population and increasing urbanization, there is a rising demand for food production, driving the need for effective pest control solutions. As a result, the region presents lucrative opportunities for insecticide manufacturers to establish production facilities and cater to this demand.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period, due to its advanced agricultural sector, stringent regulatory environment, and strong consumer demand for pest control products. The region's well-established regulatory framework, particularly in the United States and Canada, sets high standards for pesticide registration, safety, and environmental protection. This regulatory rigor necessitates thorough testing and compliance measures for insecticide manufacturers, ensuring product safety and efficacy.
Key players in the market
Some of the key players in the Insecticide Manufacturing Plant Project Market include Bayer AG, Mitsui Chemicals Agro, Inc., Valent BioSciences Corporation, Corteva Agriscience, BASF SE, Dow Chemical Company, Sumitomo Chemical Co., Ltd., Rotam CropSciences Ltd., Sipcam-Oxon Group and Marrone Bio Innovations, Inc.
Key Developments:
In July 2022, Sumitomo Chemical entered into collaboration with ginkgo Bioworks on animal-free personal care ingredient. Through this Sumitomo Chemical will leverage Ginkgo’s codebase and expertise in organism engineering to produce molecules in a sustainable way for products across a broad range of industries.
In December 2021, Sumitomo Chemical and Yara International ASA, a leading global ammonia player announced collaboration for the potential supply of clean ammonia to Sumitomo Chemical for its use in chemicals production accelerating Japan’s green energy transition.
Product Types Covered:
• Insecticide Fumigants
• Insecticide Baits
• Insecticide Granules
• Insecticide Sprays
• Other Product Types
Formulations Covered:
• Biological Insecticides
• Chemical Insecticides
• Organic/Natural Insecticides
Mode of Actions Covered:
• Systemic Insecticides
• Contact Insecticides
• Ingested Insecticides
Distribution Channels Covered:
• Agricultural Suppliers
• Retail Stores
• Pest Control Companies
• Other Distribution Channels
End Users Covered:
• Agriculture
• Veterinary
• Industrial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Insecticide Manufacturing Plant Project Market, By Product Type
5.1 Introduction
5.2 Insecticide Fumigants
5.3 Insecticide Baits
5.4 Insecticide Granules
5.5 Insecticide Sprays
5.6 Other Product Types
6 Global Insecticide Manufacturing Plant Project Market, By Formulation
6.1 Introduction
6.2 Biological Insecticides
6.3 Chemical Insecticides
6.4 Organic/Natural Insecticides
7 Global Insecticide Manufacturing Plant Project Market, By Mode of Action
7.1 Introduction
7.2 Systemic Insecticides
7.3 Contact Insecticides
7.4 Ingested Insecticides
8 Global Insecticide Manufacturing Plant Project Market, By Distribution Channel
8.1 Introduction
8.2 Agricultural Suppliers
8.3 Retail Stores
8.4 Pest Control Companies
8.5 Other Distribution Channels
9 Global Insecticide Manufacturing Plant Project Market, By End User
9.1 Introduction
9.2 Agriculture
9.2.1 Oilseeds & Pulses
9.2.2 Fruits & Vegetables
9.3 Veterinary
9.3.1 Companion Animal Insecticides
9.3.2 Livestock Insecticides
9.4 Industrial
9.4.1 Stored Product Pest Control
9.4.2 Wood Protection
9.5 Other End Users
10 Global Insecticide Manufacturing Plant Project Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Bayer AG
12.2 Mitsui Chemicals Agro, Inc.
12.3 Valent BioSciences Corporation
12.4 Corteva Agriscience
12.5 BASF SE
12.6 Dow Chemical Company
12.7 Sumitomo Chemical Co., Ltd.
12.8 Rotam CropSciences Ltd.
12.9 Sipcam-Oxon Group
12.10 Marrone Bio Innovations, Inc.
List of Tables
1 Global Insecticide Manufacturing Plant Project Market Outlook, By Region (2021-2030) ($MN)
2 Global Insecticide Manufacturing Plant Project Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Insecticide Manufacturing Plant Project Market Outlook, By Insecticide Fumigants (2021-2030) ($MN)
4 Global Insecticide Manufacturing Plant Project Market Outlook, By Insecticide Baits (2021-2030) ($MN)
5 Global Insecticide Manufacturing Plant Project Market Outlook, By Insecticide Granules (2021-2030) ($MN)
6 Global Insecticide Manufacturing Plant Project Market Outlook, By Insecticide Sprays (2021-2030) ($MN)
7 Global Insecticide Manufacturing Plant Project Market Outlook, By Other Product Types (2021-2030) ($MN)
8 Global Insecticide Manufacturing Plant Project Market Outlook, By Formulation (2021-2030) ($MN)
9 Global Insecticide Manufacturing Plant Project Market Outlook, By Biological Insecticides (2021-2030) ($MN)
10 Global Insecticide Manufacturing Plant Project Market Outlook, By Chemical Insecticides (2021-2030) ($MN)
11 Global Insecticide Manufacturing Plant Project Market Outlook, By Organic/Natural Insecticides (2021-2030) ($MN)
12 Global Insecticide Manufacturing Plant Project Market Outlook, By Mode of Action (2021-2030) ($MN)
13 Global Insecticide Manufacturing Plant Project Market Outlook, By Systemic Insecticides (2021-2030) ($MN)
14 Global Insecticide Manufacturing Plant Project Market Outlook, By Contact Insecticides (2021-2030) ($MN)
15 Global Insecticide Manufacturing Plant Project Market Outlook, By Ingested Insecticides (2021-2030) ($MN)
16 Global Insecticide Manufacturing Plant Project Market Outlook, By Distribution Channel (2021-2030) ($MN)
17 Global Insecticide Manufacturing Plant Project Market Outlook, By Agricultural Suppliers (2021-2030) ($MN)
18 Global Insecticide Manufacturing Plant Project Market Outlook, By Retail Stores (2021-2030) ($MN)
19 Global Insecticide Manufacturing Plant Project Market Outlook, By Pest Control Companies (2021-2030) ($MN)
20 Global Insecticide Manufacturing Plant Project Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
21 Global Insecticide Manufacturing Plant Project Market Outlook, By End User (2021-2030) ($MN)
22 Global Insecticide Manufacturing Plant Project Market Outlook, By Agriculture (2021-2030) ($MN)
23 Global Insecticide Manufacturing Plant Project Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
24 Global Insecticide Manufacturing Plant Project Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
25 Global Insecticide Manufacturing Plant Project Market Outlook, By Veterinary (2021-2030) ($MN)
26 Global Insecticide Manufacturing Plant Project Market Outlook, By Companion Animal Insecticides (2021-2030) ($MN)
27 Global Insecticide Manufacturing Plant Project Market Outlook, By Livestock Insecticides (2021-2030) ($MN)
28 Global Insecticide Manufacturing Plant Project Market Outlook, By Industrial (2021-2030) ($MN)
29 Global Insecticide Manufacturing Plant Project Market Outlook, By Stored Product Pest Control (2021-2030) ($MN)
30 Global Insecticide Manufacturing Plant Project Market Outlook, By Wood Protection (2021-2030) ($MN)
31 Global Insecticide Manufacturing Plant Project Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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