Insecticides Market

According to Stratistics MRC, the Global Insecticides Market is accounted for $21.22 billion in 2024 and is expected to reach $39.70 billion by 2030 growing at a CAGR of 11.0% during the forecast period. Insecticides are biological or chemical compounds used to eradicate or manage insect infestations. They are vital for agriculture as they shield crops from harm, increasing yields and guaranteeing food security. Insecticides are crucial for managing disease-carrying insects, such as mosquitoes that spread dengue and malaria, in addition to agricultural applications. Their application lessens disease outbreaks, prevents crop losses, and fosters healthier living conditions. However, to reduce negative effects on the environment and save beneficial insect species, appropriate use is crucial.

According to the National Horticulture Database published by National Horticulture Board, fruit production in India stood at 99.08 million metric tonnes during 2019-20 and accounted for 6.63 million hectares of area under cultivation of fruits.

Market Dynamics: 

Driver: 

Increased adoption of integrated pest management (IPM)

IPM combines a number of treatments, including chemical, biological, and cultural approaches, to provide a sustainable and environmentally beneficial manner of controlling pests. This all-encompassing strategy lessens the need for dangerous chemical pesticides, which lessens their detrimental effects on the environment and public health. The need for IPM-based solutions is growing as customers' demands for safe and residue-free food continue to rise. The implementation of IPM approaches is also being fuelled by strict government laws regarding the use of pesticides. The market for insecticides is changing as a result of the shift toward sustainable pest management, which encourages a more ecologically conscious and balanced approach to horticulture and agriculture.

Restraint:

Increasing availability of pest-resistant crops

By lowering the demand for chemical pest control solutions, the growing availability of pest-resistant crops has a detrimental effect on the market for pesticides. In order to reduce crop losses and reliance on insecticides, pest-resistant crops are deliberately bred or genetically modified to survive particular pests. The demand for pesticides decreases as more farmers plant these crops, which has a direct impact on the earnings of insecticide makers. Additionally, this trend pushes businesses to invest in less profitable integrated pest control or bio-pesticide alternatives. Furthermore, the move away from conventional pesticides is accelerated by pest-resistant crops, which complement the growing need for sustainable farming.

Opportunity:

Expansion of agriculture in developing regions

Agricultural production is booming in developing regions as they work to satisfy the expanding food needs of their populations. Insecticides are frequently used to prevent crop damage as a result of this expansion's increasing pest burden. The demand for pesticides is also increased by the adoption of contemporary agricultural techniques, such as the usage of crop types with high yields. Although the dangers of pesticide use to the environment and human health are becoming more widely recognized, in developing nations, the pressing need to guarantee food security frequently takes precedence over these concerns. Consequently, the market for pesticides in these regions is still expanding significantly.

Threat:

Restrictions on imports/exports

Import and export restrictions have a detrimental effect on insecticides market by raising prices, reducing market reach, and disrupting the global supply chain. Strict laws governing chemical compositions and pesticide residues in many nations can cause delays, product rejections, or the prohibition of specific insecticides from being distributed globally. These limitations lower sales and profitability by preventing manufacturers from exporting finished goods. Additionally, manufacturers must modify formulae or labels to comply with various requirements, which raise operating costs. Additionally, this hinders market expansion by limiting the potential of the pesticides market to expand in areas where pest issues are increasing.

Covid-19 Impact

Supply chain interruptions, workforce shortages, and logistical difficulties caused by COVID-19 hampered manufacturing and distribution, which had an effect on the pesticides market. Additional delays and cost increases were caused by import and export restrictions. However, the epidemic also increased awareness of hygiene and food security, which increased demand for pesticides in the fields of public health and agriculture. Insecticide demand increased in households to prevent diseases linked to pests, and businesses looked into bio-pesticides and eco-friendly substitutes to satisfy changing customer tastes as a result of a move toward sustainable, health-conscious products.

The chemical insecticides segment is expected to be the largest during the forecast period

The chemical insecticides segment is estimated to be the largest, due to the need for quick-acting, efficient pest management methods that promote high crop yields in order to satisfy the world's food demand. Growing pest resistance to previous pesticides has sparked the development of novel chemical formulations that farmers dealing with enduring pest problems find intriguing. Furthermore, the need for insecticides in agriculture has increased due to the expansion of pest habitats brought about by climate change. Adoption of chemical pesticides is further encouraged by government support and subsidies in many areas to protect food security and lower agricultural losses due to pests.

The foiler application segment is expected to have the highest CAGR during the forecast period

The foiler application segment is anticipated to witness the highest CAGR during the forecast period, due to its ability to quickly and effectively control pests on plant surfaces, where they are most active. Rapid absorption is made possible by this technique, which increases insecticide efficacy and reduces waste. Moreover, foliar application offers flexibility by enabling targeted treatment throughout crucial growth stages, enhancing pest control in valuable crops. Additionally, as foliar application maximizes productivity and reduces environmental effect, adoption is being accelerated by improvements in spraying technology and the growing preference for precision agriculture.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period due to driven by the necessity for greater crop yields on a limited amount of farmland and the growing demand for food brought on by population increase. Demand is also fuelled by growing agricultural operations and growing pest problems brought on by climate change. The region's market is expanding as a result of increased insecticide use in the public health and agricultural sectors, as well as government support for sophisticated pest management and rising awareness of vector-borne illnesses.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period driven by sophisticated farming techniques, such as precision agriculture and high-tech farming systems, which depend on efficient pest management to maximize harvests. The need for pesticides is driven by the growing demand for crops and food as well as the growing incidence of agricultural damage caused by pests. The market's expansion in the area is also aided by government rules, encouragement of agricultural technologies, and increased awareness of vector-borne illnesses.

Key players in the market

Some of the key players profiled in the Insecticides Market include BASF SE, Bayer AG, Syngenta AG, FMC Corporation, Nufarm Limited, Sumitomo Chemical Co., Ltd., UPL Limited, ADAMA Agricultural Solutions Ltd., AMVAC Chemical Corporation, Corteva Agriscience, Nissan Chemical Corporation, Marrone Bio Innovations, Koppert Biological Systems, BioWorks, Inc., Rallis India Limited, and Albaugh, LLC.

Key Developments:

In April 2022, BASF SE launched Exponus Insecticide in India which is useful for farmers in the region to protect their crops from Thrips and Caterpillars & boosts crop productivity. It is registered to use on crops like pulses, oilseeds, and vegetables.

In January 2022, Syngenta Crop Protection has acquired two next generation bioinsecticides, NemaTrident and UniSpore, to combat increasing resistance and a wide range of insects and pests across horticulture and ornamentals, turf amenity and forestry, giving customers even greater choice

In February 2021, Syngenta Crop Protection collaborated with an artificial intelligence (AI) company, Insilico Medicine, to increase the invention and development of new, more effective crop protection solutions that protect crops from diseases and pests.

Types Covered:
• Chemical Insecticides
• Biological Insecticides
• Insect Growth Regulators (IGRs)
• Other Types

Insect Pest Types Covered:
• Sucking Pest Insecticides
• Biting and Chewing Pest Insecticides
• Sprays

Crop Types Covered:
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crop Types

Formulations Covered:
• Wettable Powder
• Emulsifiable Concentrate
• Suspension Concentrate
• Granules
• Oil Emulsion in Water
• Microencapsulated Suspension
• Other Formulations

Applications Covered:
• Foiler Application
• Soil Treatment
• Seed Treatment
• Other Applications

End Users Covered:
• Agricultural
• Public Health
• Domestic
• Livestock
• 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 2022, 2023, 2024, 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