Insecticide Market Size, Growth, Analysis of Top Companies, Demand, Application, Development and Forecast 2021 to 2030

In a recent published report, Kenneth Research has updated the market report for Insecticide Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Insecticide Market products.

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According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Factors such as the increasing crop production worldwide and the concern for the decreasing arable land for the cultivation of crops, which is raising the need amongst farmers to develop modern agricultural methods that provide increased yield with low input resources, are anticipated to drive the growth of the market. According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Global Insecticide Market was valued at USD 14.4 Billion in the year 2017. Global Insecticide Market is further estimated to grow at a CAGR of 6.1% from 2018 to reach USD 23.11 Billion by the year 2025. Asia Pacific region holds the highest Market share of around 39% in 2017 and North America is considered as the fastest growing Market in the forecasted period due to growing demand for crops and wide agricultural benefits. At a country level, China and India in Asia-Pacific and U.S. in North America holds the notable Market share and is projected to grow strongly in the coming years due to the strongly growing agriculture sector.

Major market players in Insecticide Market are The Dow Chemical Company, Syngenta AG, Monsanto Company, Bayer CropScience AG, FMC Corporation, E.I. Du Pont de Nemours and Company, Adama Agricultural Solutions Ltd, BASF SE, Nufarm Ltd, Sumitomo Chemical and overview of 10 companies is also provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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SWOT Analysis of Insecticide Market:
Strength:
Growing demand for the agriculture Market
Growing awareness benefits associated with insecticides
Rising population with demand for food

Weakness:
Strict government regulations and policies

Opportunities:
High opportunities in the developing region
Rising demand for home-based insect control products

Threats:
Presence of substitute products

The segmentation is done on the basis of form, by type, by crop type, and by region. On the basis of types, the global Insecticide Market is sub-segmented Pyrethroids, Organophosphates, Organochlorines, Carbamates, Botanical Insecticides of which the organophosphorus segment is expected to hold the highest Market share during the forecast period due to vide application, convenience in use and low cost.

Insecticide Market Segmentation:
By Type
*Pyrethroids
*Organophosphates
*Organochlorines
*Carbamates
*Botanical Insecticides

By Crop Type
*Cereals & Grains
*Fruits & Vegetables
*Oilseeds & Pulses
*Others

By Form
*Spray
*Baits
*Strips

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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