The market is categorised on the basis of type, crop type and geography. On the basis of type, it is categorized into organophosphates, pyrethroids, methyl carbamates, neonicotinoids and others. In terms of crop type, the market is segmented into Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables and others. The global Insecticide Market is segmented into North America, Europe, Asia-Pacific and LAMEA geographically.
Factors such as the fall in per capita arable land, tolerance to biotic stresses such as insects, and the growing agricultural sector drive the market. Also, on account of population growth exceeding global food production, the use of best grades of insecticides for agriculture will benefit growers and the economically backward population in developing countries. Many multinational players, as a result of this, have entered into the production of various products of insecticides that protects the crop loss and provides nutritional ingredients.
Owing to increasing agricultural activities in developing countries such as India and China, Asia Pacific is likely to witness above average growth for insecticides. On account of high production of agricultural crops including paddy, sugarcane and cotton, India is likely to witness significant growth. Rising demand for food as a result of increasing population is likely to propel insecticide market over the forecast period. In developed regions including North America and Europe, demand for insecticides is likely to decrease on account of increasing production of genetically modified (GM) crops who are pest resistant and hence do not require insecticides. It can prove to be a major restraint for insecticide market in these regions over the projected forecast period.
Some of the key market players operating in the market are Bayer AG, Cheminova A/S, Syngenta AG, BASF FMC Corporation, Adama Agricultural Solutions Ltd, Monsanto, DOW Agroscience LLC, Nufarm Ltd, and Du Pont who to enhance their market share focus on ?new product launch?. A new insecticide, called ?Sivanto? has been launched by Bayer Cropscienc. ?Sequoia? and ?Closer? insecticides were launched by DOW Agroscience in 2014.
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
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