Demand for Insecticides Has Been Rising Steadily Due to the Increasing Need for Better Crop

Insecticides are natural or synthetic chemicals that are primarily used to manage pests, especially insects. An insecticide is available in the form of formulation that contains an active ingredient – the chemical responsible for killing the target pest.


Albany, NY -- (SBWIRE) -- 09/09/2016 -- Insecticides are crop protection chemicals that are widely used to combat insect pests across the globe. Insects are the most diverse species of animals and are majorly found in tropical habitats such as swamps, jungles, deserts, and even in highly harsh environments such as pools of crude petroleum. Insects inflict damage to crops by directly feeding on them. This poses a challenge of food security for the mankind. Demand for insecticides has been rising owing to the increasing need for better crop yield and growing threat of pest infestation. Deterioration of the climate and rise in the average global temperature is leading to the growth of various kinds of insects. Insects also inflict damage to crops by introducing new diseases through fungus and bacteria deposition on crops. Adoption of effective and non-chemical route for crop protection such as Integrated Pest Management (IPM), organic farming, genetically modified (GM) crops, and crop rotation is hampering the insecticides market. These practices are found to be cost-effective and non-toxic by farmers and agricultural experts. Biopesticides are expected to be provide opportunities for the insecticides market.

This report estimates and forecasts the insecticides market on the global and regional level. The study provides forecast from 2015 to 2023 based on volume (kilo tons) and revenue (US$ Mn).

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The study includes market estimate of five key categories of insecticides: organochlorines, organophosphates, carbamates, pyrethrins & pyrethroids, and others. The study also provides a comprehensive view of the insecticides market by dividing it into crop types such as cereals & grains, oilseeds & pulses, fruits & vegetables, and others. These product and crop segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (kilo tons) and revenue (US$ Mn). Regional segmentation includes current and forecast demand for insecticides in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Detailed market segmentation further includes demand for products and crops mentioned above in all the regions.

The report includes a detailed value chain analysis, which provides a comprehensive view of the market. This section of the report provides detailed information about value addition at each stage of the value chain in the insecticides market. The report comprises drivers and restraints for the insecticides market along with their support data during the forecast period. Additionally, the report includes the study of opportunities in the insecticides market from 2015 to 2023.

The report includes Porter's Five Forces Analysis model to measure the degree of competition in the insecticides market. The study comprises an additional section of qualitative write-up and analysis on market attractiveness, wherein product segments have been analyzed. Furthermore, the report provides price trend analysis for insecticides from 2015 to 2023 in US$/Kg.

Secondary research sources that were typically referred to include, but were not limited to company websites, annual reports, broker report, investor presentations, financial reports, and SEC filings. Other sources such as internal and external proprietary databases, news articles, statistical databases, national government documents, market reports, webcasts, and podcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key industry participants and opinion leaders were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by extensive secondary research. Key players' product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further developed the analysis team's expertise and market understanding.

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The report covers detailed competitive outlook that includes market share and profiles of key participants operating in the global market. Key players profiled in the report include ADAMA Agricultural Solutions Ltd., BASF SE, Bayer AG, The Dow Chemical Company (Dow), DuPont, FMC Corporation, Syngenta AG, Sumitomo Chemical Co. Ltd., and Nufarm Limited. Company profiles include attributes such as company overview (headcount, headquarters, and stock listing), brand overview, key competitors, business overview, business strategies, recent/key developments and acquisitions, and financial overview.

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