Insecticides Market Size, Share, Growth & Forecast 2031

Segments - Insecticides Market by Origin (Synthetic Insecticides and Bio-insecticides), Application (Grains & Cereals, Oilseed, Commercial Crops, Fruits & Vegetables, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

Insecticides Market Outlook 2031

The Insecticides market size was USD 9.12 Billion in 2022 and is estimated to reach USD 13.67 Billion by 2031 register a significant CAGR of 4.6% during the forecast period, 2023–2031. The growth of the market is attributed to increasing pressure to fulfill rising food demand among consumers, as well as an ever-increasing population and shrinking arable land.

Insecticides are chemicals that kill insects. They include ovicides and larvicides, which are used to kill insect eggs and larvae. Agriculture, medicine, industry, and consumers all utilize insecticides. Almost all pesticides have the potential to substantially impact ecosystems. Systemic insecticides, which have residual or long-term action, and contact insecticides, which have no residual activity, are the two main types of insecticides.

Insecticides come in two varieties: repellent and non-repellent. For example, ants are unable to detect non-repellents and may easily pass through them. They bring pesticide back to the nest with them and pass it on to their nestmates.

This eventually kills all of the ants, including the queen. Many uses of insecticides have provided significant benefits to humans, such as increased crop yields due to protection from defoliation and diseases, the prevention of much spoilage of stored foods, and the prevention of certain diseases, all of which have conserved health and saved the lives of millions of people and domestic animals.

The Covid-19 pandemic affected the demand and supply of insecticides market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Insecticides Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for crop protection is expected to propel the market during the forecast period.
Rising urbanization is major factor fueling the market in the coming years.
Cost of product is expected to hinder the market expansion.
Increased awareness of the illnesses and issues caused by pesticides act as key challenge that can hamper the market growth during forecast period.
Advancement in farming practices & techniques are anticipated to create lucrative opportunities for the market players.

Scope of Insecticides Market Report

The report on the insecticides market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Insecticides Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Origin (Synthetic Insecticides and Bio-insecticides), Application (Grains & Cereals, Oilseed, Commercial Crops, Fruits & Veget ables, and Others)
Geographical Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	BASF SE, Syngenta International AG, Corteva Agriscience, UPL Limited, and Bayer Crop Science AG.

Insecticides Market Segment Insights

The bio-insecticide segment is projected to hold a large market share

On the basis of origin, the insecticides market is bifurcated into synthetic insecticides and bio-insecticides. The bio-insecticide segment is expected to represent a key share of the market during the forecast period. Bio-insecticides are organic formulations that are suggested for the control of crop-feeding insects. In numerous respects, they vary from chemical insecticides.

The indiscriminate and overuse of chemical pesticides enhanced the resistance capacity of plant diseases by several orders of magnitude. They eliminate disease-causing pathogens from the plant and soil. Bioinsecticides are generally effective in little amounts and disintegrate fast, resulting in reduced exposures and avoiding the environmental concerns.

The grains & cereals segment is anticipated to register rapid CAGR

On the basis of application, the insecticides market is divided into grains & cereals, oilseed, commercial crops, fruits & vegetables, and others. The grains & cereals segment is expected to represent a key share of the market during forecast period. In the grains & cereals category, the most common crops treated with pesticides are corn, rice, and wheat.

On a worldwide scale, total grain output has been rising, with increasing cereal production, and consumption, it's become increasingly necessary for producers to concentrate on yield and quality by employing effective pesticides.

Asia-Pacific is expected to dominate the market

On the basis of geography, the insecticides market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia-Pacific is anticipated to dominate the market during the forecast period. The insecticides market in Asia-Pacific is being driven by increasing number of resistant pests, rising food demand, and need for enhanced agricultural production.

Farmers are expected to improve production by boosting productivity through the use of insecticides to reduce pest damage. Farmers in the region have gradually shifted to using eco-friendly, natural insecticides, and bioinsecticides as a result of growing knowledge about the impact of chemical insecticides on human health.

Segments

The insecticides market has been segmented on the basis of

Origin

Synthetic Insecticides
Bio-insecticides

Application

Grains & Cereals
Oilseed
Commercial Crops
Fruits & Vegetables
Others

Geography

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

BASF SE
Syngenta International AG
Corteva Agriscience
UPL Limited
Bayer Crop Science AG

Competitive Landscape

Key players competing in the insecticides market include BASF SE, Syngenta International AG, Corteva Agriscience, UPL Limited, and Bayer Crop Science AG.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Insecticides Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Insecticides Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Insecticides Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Insecticides Market - Supply Chain
  4.5. Global Insecticides Market Forecast
     4.5.1. Insecticides Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Insecticides Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Insecticides Market Absolute $ Opportunity
5. Global Insecticides Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Insecticides Market Size and Volume Forecast by Applications
     5.3.1. Grains & Cereals
     5.3.2. Oilseed
     5.3.3. Commercial Crops
     5.3.4. Fruits & Vegetables
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Insecticides Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Insecticides Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Insecticides Demand Share Forecast, 2019-2026
7. North America Insecticides Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Insecticides Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Insecticides Market Size and Volume Forecast by Applications
     7.4.1. Grains & Cereals
     7.4.2. Oilseed
     7.4.3. Commercial Crops
     7.4.4. Fruits & Vegetables
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Insecticides Demand Share Forecast, 2019-2026
8. Latin America Insecticides Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Insecticides Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Insecticides Market Size and Volume Forecast by Applications
     8.4.1. Grains & Cereals
     8.4.2. Oilseed
     8.4.3. Commercial Crops
     8.4.4. Fruits & Vegetables
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Insecticides Demand Share Forecast, 2019-2026
9. Europe Insecticides Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Insecticides Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Insecticides Market Size and Volume Forecast by Applications
     9.4.1. Grains & Cereals
     9.4.2. Oilseed
     9.4.3. Commercial Crops
     9.4.4. Fruits & Vegetables
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Insecticides Demand Share Forecast, 2019-2026
10. Asia Pacific Insecticides Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Insecticides Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Insecticides Market Size and Volume Forecast by Applications
     10.4.1. Grains & Cereals
     10.4.2. Oilseed
     10.4.3. Commercial Crops
     10.4.4. Fruits & Vegetables
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Insecticides Demand Share Forecast, 2019-2026
11. Middle East & Africa Insecticides Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Insecticides Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Insecticides Market Size and Volume Forecast by Applications
     11.4.1. Grains & Cereals
     11.4.2. Oilseed
     11.4.3. Commercial Crops
     11.4.4. Fruits & Vegetables
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Insecticides Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Insecticides Market: Market Share Analysis
  12.2. Insecticides Distributors and Customers
  12.3. Insecticides Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. BASF SE
     12.4.2. Syngenta International AG
     12.4.3. Corteva Agriscience
     12.4.4. UPL Limited
     12.4.5. Bayer Crop Science AG