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Newer Breeding Grounds for Insects and Pests due to Warmer Weather to Drive Global Insecticides Market

Article Description

Insecticides are chemicals that poison an insect’s body to make it inactive. These chemicals enter the insect’s body through oral feed, direct contact, respiration, or a combination of all of these factors. By making these insects inactive, the crops are saved and the yield is enhanced. A huge need to feed the growing global population has pressurized the agriculture industry, thereby creating a surge in the demand for insecticides to improve the yield. As the majority of the countries across the world depend on agriculture to be self-sufficient and for overall sustenance, it has translated into a huge demand for insecticides from the global agricultural industry to protect crops from infestations.

Pest Infestation due to Warm Winters Drives Overall Market

The prime growth driver for the global insecticides market is the increasing threat of pest infestation. This problem is being compounded by the global warming phenomenon, which has led to warmer winters creating a perfect breeding ground for insects and other pests. To tackle this issue, farmers are adopting smarter ways to combating pests and insects to save crops.

Browse Full Global Insecticides Market Report with TOC :

Integrated pest management (IPM), development of genetically modified (GM) crops, organic farming, and crop rotation are some of the efficient crop protection methods being adopted by farmers. In sync with these efforts, the introduction and penetration of biopesticides is also expected to boost the sales for the overall insecticides market. Owing to these reasons, the global insecticides market is anticipated to reach US$3.90 bn by 2023 from US$2.51 bn in 2014, rising at a CAGR of 5.1% between 2015 and 2023.

Popularity of Organochlorines and Organophosphates to Drop in the Near Future

The global insecticides market is segmented on the basis of product, crop, and region. The products used in this market are organochlorines, organophosphates, carbamates, pyrethrins and pyrethroids, and others such as organosulfur, benzoylureas, botanicals, and neonicotinoids. The research report published by Transparency Market Research indicates that organophosphate (OP) segment held more than 50% of the global insecticides market in 2014. However, its harmful effects on the surroundings are likely to have a negative impact on its market share. On a similar note, the organochlorines segment will also lose ground as it is toxically impacting the food chain.

Carbamates Emerges as the Leader Among Product Types

The carbamates segment is expected to grow rapidly in the global insecticides market between 2015 and 2023. Carbamates are generally used as surface sprays or baits to weed out household pests. Meanwhile, pyrethrins and pyrethroids are widely consumed botanical insecticides. However, synthetic pyrethroids are replacing the demand for insecticides in various verticals.

On the basis of crop, this market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others such as industrial and municipal, household, ornamental plants, and grass. Geographically, this market is divided into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. As of 2014, the fruits and vegetables segment was the largest consumer in the global insecticides market, only to be followed by cereals and grains and oilseeds and pulses.

The top players in the global insecticides market are Syngenta AG, FMC Corporation, The Dow Chemical Company (Dow), BASF SE, Bayer AG, DuPont, and ADAMA Agricultural Solutions Ltd.