Insecticides Market By Origin (Synthetic Insecticides and Bio-insecticides), By Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Turf and Ornamentals), By Insect Pest Type (Sucking Pest Insecticides and Biting and Chewing Pest Insecticides), and By Region - Trends, Analysis and Forecast till 2034

Insecticides Market was valued at US$ 20.17 Billion in 2024 and is projected to grow at a CAGR of 5.30% to reach US$ 33.5 Billion by 2034.

The insecticide is a chemical substance which is used to kill insects. There are several insecticides available in the market that work in a different way such as distributing insect exoskeleton. Additionally, it can also act upon the nervous system. Regularly used insecticides are carbamates, pyrethroids, and organophosphates. 

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Increasing demand for food products

Increasing demand for food products due to the rapidly growing population globally is a major factor projected to drive the global insecticides market growth over the forecast period. According to data published by FAO, the world population is projected to grow by over a third, or 2.3 billion, between 2009 and 2050. At the same time, per capita income is also expected to grow worldwide. With the growing population and increasing per capita income, the demand for food is also estimated to grow, across the globe. For instance, as per FAO, the food demand in the U.S. is expected to increase by 50% to 90% by 2050. Many factors such as the outbreak of pests, climate change, and the lack of investments, make it challenging to produce enough food. Additionally, the growing adoption of modern techniques by farmers to meet the rising demand for food is another factor anticipated to boost the growth of the global market to a significant extent. Moreover, growing demand for insecticides owing to high crop losses by insect infestation is also propelling the growth of the target market. However, due to development of resistance in pest species and harmful effect of insecticides on the environment are major factors expected to hamper the growth of the global insecticides market over the forecast period.

Insecticides market is segmented based on origin, application, insect pest type, and region.

Based on origin, the global insecticides market is segmented into synthetic insecticides and bio-insecticides. Based on application, the target market is segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and turf and ornamentals. Based on the insect pest type, the target market is classified into sucking pest insecticides and biting and chewing pest insecticides.

Regional Insights:

Insecticides Market was valued at US$ 20.17 Billion in 2024 and is projected to grow at a CAGR of 5.30% to reach US$ 33.5 Billion by 2034. On the region, the global insecticides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is expected to witness comparatively faster growth in terms of revenue over the forecast period. This is mainly attributed to the presence of tropical climate and arable land in the countries in the region. Moreover, the growing demand for organophosphates and carbamates is another factor projected to boost the growth of the target market in the region. Countries in the Asia Pacific market are agriculture-based economies and hence the demand for agriculture products, in turn, is expected to drive the growth of the global insecticides market to a significant extent. Stringent government regulation for the approval process and ban on insecticides in several countries is another factor expected to limit the growth of the market in North America and Europe during the forecast period

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global Insecticides market report based on Origin, Insect pest, application, and region.

Insecticides Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the insecticides market include Adama Agricultural Solutions Ltd., Monsanto Company, American Vanguard Corporation, Bayer CropScience AG, BASF SE, Corteva Agriscience, FMC Corporation, Isagro S.P.A, Nufarm Ltd., and Syngenta AG. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in March 2019, Adama Agricultural Solutions Ltd. acquired Jiangsu Anpon Electrochemical Co., Ltd which is involved in the manufacturing of active key ingredients used for crop protection in the agricultural sector.

• Adama Agricultural Solutions Ltd.
• Monsanto Company
• American Vanguard Corporation
• Bayer CropScience AG
• BASF SE
• Corteva Agriscience
• FMC Corporation
• Isagro S.P.A
• Nufarm Ltd.
• Syngenta AG