Insecticides Market: Summary
The Global Insecticides Market is projected to reach a value of over USD 24.2 Billion by 2027 at a CAGR of around 4.9%.
Insecticides are a type of pesticides which are formulated to harm, repel or mitigate, kill one or more species of insects. Insecticides work in different ways some disrupt the nervous system, whereas others may damage their exoskeletons, repel them or control them by some other means. These are available in various forms such as dust, gels, sprays, and baits. Cost-effectiveness, timeliness & flexibility, increase quality & quantity of product, protection of the environment, prevention of pest problems, increase in crop production, and others are some of the advantages offered by the use of insecticides.
Market Driver:
According to the Food and Agriculture Organization of the United Nation, the world population is expected to grow by over a third, or 2.3 billion people between 2009 to 2050. The population growth coupled with rising income in developing countries has expected to drive the global demand for food. Thus, increasing demand for food has further need to increase the crop production, either by increasing the amount of agriculture land to grow a crop or by enhancing the productivity on existing agricultural through fertilizer and irrigation and adopting new methods like precision farming. Thus, increasing the need for agriculture productivity in order to meet growing food demand across the globe has expected to drive the growth of the insecticides market during the forecasted period.
Market Opportunity:
Bioinsecticides are a type of pesticides obtained from naturally occurring substance such as animals, plants, bacteria, and minerals that control or kill pests. Growing environmental concerns and health hazards associated with the use of synthetic insecticides has increased the demand for bioinsecticides across the globe. Less toxic or non-toxic nature of bioinsecticides as compared to synthetic insecticides has increased its popularity. Moreover, unlike conventional insecticides which affect a broad spectrum of species, bioinsecticides provide more targeted activity towards desired insects. Furthermore, they are effective in small quantities, offering quick decomposition & lower exposure, leaving virtually no harmful residues after application. Thus, the availability of bioinsecticides as a substitute may pose a opportunity to market growth.
The report on the insecticides market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million), Volume (Kiloton) |
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Segments Included |
Type, Crop Type, Formulation, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Insecticides Market, by Type
Insecticides Market, by Crop Type
Insecticides Market, by Formulation
Insecticides Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE INSECTICIDES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
