Insights on Global Insecticides Market and Forecast Assumptions Through 2025

ALBANY, USA, 2018-May-14 — /EPR Network/ —Across the world, the demand for insecticides is rising constantly owing to high crop losses from insects. According to a latest study key findings, the global insecticide market is forecast to US$23 mn by the end of 2025, from US$14.6 mn, which was its value in 2016. During this period, the market is expected to exhibit a CAGR of 5.3%. The research also added that, as the demand for insecticide rises further, the competition prevailing in the global market will get sharper. Market Research Reports Search Engine (MRRSE) has freshly broadcasted this new study to its online repository, which is titled as “Global Insecticides Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025”.  This precise report on the global insecticides market provides a detailed insight into key drivers and restraints, notable trends, share and size of various segments, and competitive landscape.

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Geographical Expansion & Major Insights

The report broadly analyzed the global insecticides market in some of the prime regions, such as North America, MEA, Asia Pacific, Latin America, and Europe. From a geographical perspective, Asia Pacific accounted for the major share of the global insecticides market, in terms of both revenue and volume, in 2016. The presence of large arable land supported the market’s expansion in the Asia Pacific. Apart from that, the insecticide markets in North America and the Middle East and Africa are expected to expand considerably during the forecast period.

Moving further, the market has been segmented on the basis of products and crops. Key products included in the report are organochlorides, organophosphates, pyrethrines & pyrethroids, and others. Major crops linked with the global demand for insecticides are oilseeds & pulses, fruits & vegetables, cereals & grains and others. Of these, fruits & vegetable segment are anticipated to account for higher market share during the forecast period. In terms of value, Organophosphate insecticides hold the maximum market share of 43.8% in the global insecticides’ market by types. Organophosphate insecticides are widely used owing to their manifold applications such as fumigant, systemic or contact insecticide.

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Other factors that will contribute significantly toward the market’s expansion in the coming years include escalating concerns of diseases transferable by insects, commercial availability of pest management services, and focus on preventing diseases rather than cure will aid the market expansion in the coming years.

Several companies are utilizing their marketing efforts in a bid to gain increased traction in the coming years. Such expansion strategies adopted by the market players have the ability to affect the insecticide market certainly in the coming years. Besides, government initiatives over the past few years aimed at supporting agricultural growth have tilted scales in favor of the global insecticide market. The research highlights profiles of major players currently functioning in the global market, such as Syngenta International AG, FMC Corporation, Bayer AG, BASF SE, DowDuPont Inc., Monsanto Company, Nufarm Ltd, and PI Industries.

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