Insecticides Market Poised to Surge from USD 2.63 Billion in 2015 to USD 3.48 Billion, Globally by 2021 – ZionMarketResearch.Com

Sarasota, FL, Aug. 29, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Insecticides (Pyrethroids, Neonicotinoids, Methyl Carbamates, Organophosphates and Others) Market, by Crop Type (Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global demand for insecticides market was valued at USD 2.63 billion in 2015, is expected to reach USD 3.48 billion in 2021 and is anticipated to grow at a CAGR of 4.8% between 2016 and 2021.

Insecticides are crop protection chemical used in eradication of insects. Insects are most diverse species of animals and majorly found in tropical habitats. Insecticides are commonly used in agriculture and home care. There are two main types of insecticides such as natural insecticides and systemic insecticides. Insecticide was a significant contributor for the global agricultural growth in the last decade.

Browse 29 Market Tables and 36 Figures spread through 110 Pages and an in-depth TOC on "Insecticides Market - Global Size, Shares, Trends, Segment & Forecast to 2021”

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Insecticides are pesticides that are prepared to kill or harm one or more species of insects. Insecticides work in various ways to destroy insects or pests. Some insecticides damage the exoskeletons, whereas others interrupt the nervous system of insects. Insecticides can be packed in different forms such as sprays, dusts, baits and gels. Broad-spectrum insecticides are effective against various types of insects, even the good ones. Some insecticides work instantly to destroy insects while others may require time to show their effect against pest.

Growing concerns of insect transferable diseases and increasing commercial pest management service industry are some of the major drivers of the insecticides market. Worldwide increasing food demand due to growing population is one of the major factors which fuel the market growth. Reducing per capita farm land owing to industrialization and rising urbanization is further driving the insecticides market.

Demand for insecticides has been soaring steadily owing to the increasing need for better crop production and rising threat of pest invasion. Bio-pesticides are expected to provide huge opportunities in this market. Furthermore, rising demand for home and garden insect control is anticipated to be the major factor for market growth in near future.

Based on the product of insecticide, the market is segmented into categories such as pyrethroids, neonicotinoids, methyl carbamates, organophosphates and others. Among all, the organophosphate was leading segment and accounted over 50% share of entire insecticide market in 2015. On the basis of crop type, the global insecticide market segmented into cereals and grains, oilseeds & pulses, fruits & vegetables and others. Cereals and grains were one of the leading types segments of global insecticide market and accounted for significant share of the total revenue generated in 2015.

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Asia pacific was the leading regional market with the highest share in insecticides market in 2015. This was due to large population in the region and increasing need for food crops. The region is expected to sustain its dominance during the upcoming years. China is the world's leading exporter of insecticides. Increasing population, rising disposable income levels and food security in India expected to witness potential growth in insecticides market in the coming years. The precise cost cutting measures and low affordability of farmers in developing economies may hamper the insecticides market growth.

The increased usage of insecticides in North America for the protection of crops is anticipated to stimulate North American insecticides market. Increasing use of home insecticides is further expected to drive the insecticide market in the region. Utilization of home and garden insecticides is essential especially in summer season to control the invasion of pests. However, insecticide manufacturing industry in the region have experienced a marginal revenue decline over the past few years owing to stringent regulations for consumer concerns coupled with the environmental impact of insecticides. Nonetheless, revenue margins have remained strong because the industry's high barriers to entry reduced competition and enabled companies to keep prices relatively high.

North America and Europe held almost equal market share of the worldwide insecticides market in 2015. The insecticides market is highly regulated in Europe. Farmers in these regions are more skilled and aware about the role of insecticides to fuel yield and quality of crop. Insecticide market in the region is projected to experience moderate growth in forecast period.

Latin America’s tropical climate favors the growth of pests which creates a large potential for insecticide market. Over the last couple of years, insecticides export from Latin America has grown constantly. Latin America is estimated to experience stable growth in the global insecticides market during the forecast period.

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Adama Agricultural Solutions Ltd, BASF SE, Bayer Cropscience AG, DuPont, FMC Corporation, Cheminova AS, DOW Agroscience LLC, and Syngenta AG are some of the leading producers in the insecticide market.

The report segments the global insecticides market as:

Global Insecticides Market: Product Segment Analysis

  • Pyrethroids
  • Neonicotinoids
  • Methyl Carbamates
  • Organophosphates
  • Others

Global Insecticides Market: Crop Type Segment Analysis

  • Cereals and grains
  • Oilseeds & pulses
  • Fruits & vegetables
  • Others

Global Insecticides Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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