Insecticides Market by Type (Organophosphates, Pyrethroids, Methyl Carbamates, Neonicotinoids, Bio-Insecticides) and Crop Type (Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables) - Global Opportunity Analysis and Industry Forecast, 2013 – 2020

The global insecticides market is projected to generate $16.7 billion by 2020 at a CAGR of 5.0 % throughout the forecast period 2014 to 2020. Insecticides are pesticides specifically used to eliminate insects. Among different types of insecticides, organophosphate market leads in terms of both revenue generator and consumption globally as it is cost-effective and can be applied on wide range of crops and targeted insects. Pyrethroid is the second largest insecticide in terms of usage in the agriculture industry. It is highly effective even when used in low quantities and therefore, it is less hazardous to the environment and human health. This is the main factor that has increased its demand.

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The market demand for bio-based insecticides is on the rise, as it is environmental-friendly. The key market players operating in the market include, Cheminova A/S, Bayer AG, BASF FMC Corporation, Syngenta AG, Monsanto, DOW Agroscience LLC, Adama Agricultural Solutions Ltd, Nufarm Ltd, and Du Pont. To enhance their market share, most companies are focusing on the launch of new products. DOW Agroscience launched two insecticides, namely, ‘Sequoia’ and ‘Closer’ in 2014. Bayer Cropscience also launched a new insecticide called ‘Sivanto’.

The global insecticides market is classified on the basis of type, crop type and geography. Global insecticide market by type is segmented into pyrethroids, organophosphates, methyl carbamates, and neonicotinoids. Due to its low level of toxic influence on the natural environment, bio-insecticides are gaining popularity. In the current scenario, in terms of value and volume, the bio insecticide market holds a limited share in the global insecticide market. On the basis of geography, the global insecticide market is split into North America, Europe, Asia-Pacific and LAMEA. According to the market analysis, Asia-Pacific dominates the global market in terms of value and volume. The prime factor for that has influenced the growth of the market in the Asia-Pacific region is, the limited usage of insecticides in the production of crops in developed regions such as North America and Europe. The developed regions have shifted focus towards harvesting genetically modified crops. Moreover, the tropical weather and high volume of production of cereals such as paddy, cotton and others are the major factors that are driving the insecticides market especially in India.

INSECTICIEDS MARKET KEY BENEFITS:

The presented market analysis focuses on the key parameters of the global insecticides market such as drivers, restraints and opportunities that will help professionals to understand the market behavior.

The report includes data and statistics related to the competitive landscape of the market. Information related to, partnerships and acquisitions and the key market leaders in the global insecticides market will assist professionals to develop new strategies in the corporate sector.

The forecasts made in the report are based on a thorough analysis of the current market trends and future market potential for the period of 2013-2020 in terms of value and volume.

Porter’s Five Forces analysis evaluates the competitive structure of the global insecticide market and will assist market strategists to take crucial business decisions.

The geographic segmentation of the insecticides market offers valuable insights such as the growth opportunities and trends of the industry in different regions worldwide.

The scope and the feasibility of the new products and upcoming projects is minutely discussed in the report.

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