The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The world population is expected to drive innovation in insecticides manufacturing, thus driving the market during the forecast period.

The global insecticides market is expected to grow from $19.5 billion in 2022 to $20.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The global insecticides market size is expected to grow from $28.25 billion in 2027 at a CAGR of 7.8%.

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Global Insecticides Market Segments Include:

• By Type: Synthetic Insecticides, Bio-insecticides
• By Form: Sprays, Baits, Strips
• By Application: Cereals and Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global insecticides market in 2021.

Major Market Players in the insecticides market include Adama Agricultural Solutions Ltd., American Vanguard Corporation, BASF SE, Bayer CropScience AG, FMC Corporation, NuFarm Limited.

Companies in the insecticide industry are developing new products and improving product composition to make them safer for workers, farmers, plants, and the soil. Every year, companies globally introduce new products or brands to cater to different sets of audiences, industries, and industries. This translates to changes in the base solution, mode of application, and residue formation of the insecticide. For instance, in May 2020, Marrone Bio Innovations, Inc., an international leader in sustainable bioprotection and plant health solutions, announced the approval of the FDA for REGALIA MAXX bio fungicide that can be used indoors and outdoors on cannabis and hemp in Canada. Also, Marrone developed Venerate XC, a chemical user-friendly liquid microbial-based solution, that is used in integrated pest management (IPM) with a minimal four-hour re-entry interval (REI) and is under the MRL (maximum residue level) tolerance. The product is also non-toxic to fish, birds, and honeybees.

The Insecticides Global Market Report 2023  provides a insecticides market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The insecticides market forecast analyzes insecticides market size, insecticides market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Insecticides are substances that are used to kill insects, including ovicides and larvicides, which are used for insect eggs and larvae, respectively, to control pests that affect cultivated crops. Insecticides work by either disrupting the nervous system or damaging exoskeletons.

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