Global Insecticide Market was valued at USD 14.41 billion in the year 2017. Global Insecticide market is further estimated to grow at a CAGR of 6.09 % from 2018 to reach USD 20.54 billion by the year 2023. Asia Pacific region holds the highest market share of round 39 % in 2017 and North America is considered as the fastest growing market in the forecasted period due to growing demand of crops and wide agricultural benefits. At 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 strongly growing agriculture sector.

The DOW Chemical Company (U.S.), Syngenta AG (Switzerland), Bayer Cropscience AG (Germany), BASF SE (Germany) and Sumitomo Chemical (Japan) are some of the key players in the Global Insecticide market. Better global reach at operational level is the main reason the key players are holding substantial market share. 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.
Drivers:
Growing demand for agriculture industry
Growing awareness benefits associated with insecticides
Rising population with demand for food
Restraints:
Strict government regulations and policies
Opportunities:
High opportunities in developing region
Rising demand of home based insect control products
Challenges:
Presence of substitute products
The segmentation are 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.

The segmentation done on the basis of application includes form, spray, baits and strips. On the basis of crop type industry the market is segmented as cereals & grains, fruits & vegetables, Oilseeds & Pulses and Others of which cereals crop type is expected to grow at the highest CAGR during the forecasted period due to rise in consumption.

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Key Benefits for Stakeholders
Insecticide Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.

By Form
Spray
Baits
Strips

By type
Pyrethroids
Organophosphates
Organochlorines
Carbamates
Botanical Insecticides

By Crop type
Cereals & Grains
Fruits & Vegetables
Oilseeds & Pulses
Others

By Region
North America
Europe
Asia-Pacific
RoW

Key Market Players
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
(A brief overview of 15 companies is also provided)

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