A new market research report, "Global Insecticides Market - Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020", indicates that the global insecticides market would reach $16.7 billion by 2020, registering a CAGR of 5.0% from 2014 to 2020. The Asia-Pacific regional market held over 44% of the total global insecticides market in terms of value in the year 2013.
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Within the Asia-Pacific region, India is the largest market owing to high agricultural production of crops such as sugarcane, paddy, and cotton and also consequent high consumption of allied insecticides. As a result, currently, North America and Europe collectively hold about 40% of the global insecticides' market in terms of volume.In terms of value, ‘Organophosphate’ insecticides hold nearly 30% market share in the global insecticides' market by types. ‘Organophosphate’ insecticides are widely used owing to their multiple applications such as fumigant, systemic or contact insecticide.
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Key findings of the study:
- Sale of Organophosphate insecticide is expected to dominate the global insecticides market during the forecast period
- In terms of volume, organophosphate segment is expected to grow at a CAGR of 5.3% during the forecast period, highest among all
- Asia-Pacific would be one of the leading markets, both in terms of market size and growth rate. Asia-Pacific would reach $7.2 billion by 2020, with a CAGR of 4.5%
- India holds the largest market share in Asia-Pacific region and would generate more than 50% of the revenue through 2020
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This Report Includes:
- In-depth coverage of the global insecticides market including drivers, restraints and opportunities would help professionals to better understand market behavior
- Detailed strategic studies of key market leaders, partnerships and acquisitions in the global insecticides market would be informative for strategy professionals in the corporate sector
- The projections in the report are made by analyzing the current market trends and future market potential for the period of 2013-2020 in terms of value as well as volume
- Porter’s Five Forces analysis examines the competitive structure of the global insecticide market and would assist market strategists in making decisions.
- Pin-point analysis of geographic segments helps to identify opportunities for growth within the global insecticide market
- The current and future trends on the global market provides fair idea about insecticides market and future scope for the market players
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Key Players of Insecticides Market:
Companies operating in this market focus on product launches as part of their growth strategy; for instance, in the U.S., DOW Agroscience and Bayer Cropscience launched new insecticides, namely, Sequoia, Closerand Sivanto. Key companies profiled in the report are BASF, Bayer AG, DOW Agriscience LLC, Syngenta AG, Cheminova A/S, FMC Corporation, Adama Agricultural Solutions Ltd, Nufarm Ltd, E.I Du Pont de Numerous and Company and Monsanto.
The “Global Insecticides Market - Market Summary and Forecasts” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020.
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