Frequently Asked Questions
The global insecticides market was valued at USD 8.9 Billion in 2022.
The insecticides market is expected to grow at a CAGR of 4.80% between 2023 and 2030, reaching USD 12.4 Billion in 2030.
Organophosphorus category is the leading segment by type, holding over 42% share in terms of value in 2022.
The sprays segment governs the demand for insecticides in the world, holding a massive share of over 49% in 2022.
The suspension concentrate segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the insecticides industry, with over one-third share in 2022.
The top players include AMVAC Chemical Corp.; UPL Ltd.; Bayer AG; BASF SE; FMC Corp.; Corteva Agriscience; Nufarm Ltd.; Bioworks, Inc.; and Syngenta Group.
One of the main factors propelling the expansion of the insecticides industry is the increase in pressure to meet rising consumer food demand as a result of the vast global population.
Insecticide market growth is anticipated to be hampered by the implementation of strict government regulations and rising worries about insect resistance.
The projected period has lucrative prospects for the insecticides market players due to the rising demand in emerging countries, the adoption of integrated pest management (IPM), and research & development programmes to launch new products.