Global Insecticides Market – Growth, Trends And Forecasts (2015 – 2020)
Pesticides constitute the largest category within the market for crop protection chemicals, with Biopesticides accounting for a comparatively minute share. Global market value of Synthetic Insecticides is projected to reach USD 15439.08 million by 2020, growing at a CAGR of 5.60% between 2015- 2020. Factors driving the markets for pesticides include decreasing arable land, increasing population and the requirement of improving crop yields. On the other hand, regulatory authorities such as EPA (Environment Protection Agency) frequently come up with stringent laws related to curbing pesticide use for alleviating environmental damage and increasing consumer awareness about pesticide consumption, which is expected to be instrumental in slowing down growth in demand for herbicides. Synthetic Insecticides have been largely responsible for restricting consumption of Synthetic Pesticides following the European Commission’s two-year ban on using three neonicotinoid insecticides, including clothianidin, imidacloprid and thiametoxam, starting April 2013. These chemicals have been directly implicated in causing harm to honeybees, in addition to the European Food Safety Authority finding that the use of these insecticides resulted in “high acute risks.” Volume consumption for Synthetic Insecticides is expected to post the fastest growth in Asia-Pacific as a result of higher infestation of insects, though North America would continue to retain its highest share. Demand for Insecticides in Asia-Pacific is expected to be driven by established products, with a greater emphasis on using less toxic insecticides, which would hamper growth to some extent.Latin America and parts of Rest of World would also be influenced by this scenario. The report also analyzes the global market for insecticides by application area, including Crop-Based Applications (Grains & Cereals, Oilseeds and Fruits & Vegetables) and Non-Crop-Based Applications (Turf & Ornamental Grass and Other Applications). By application area, crop-based end-uses of insecticides are likely to maintain the fastest growth in terms of volume consumed and value demand during the similar period, and retain the leading raking in terms of largest application area. Major companies covered in the report include American Vanguard, Arysta LifeScience, BASF SE, Bayer CropScience, BioWorks, Cheminova, Chemtura Corp, Chr Hansen, Dow AgroSciences, DuPont, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Marrone Bio Innovations, Monsanto, Natural Industries, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG and Valent Biosciences. The key strategies used by companies in this market are new product registrations, acquisitions to enter new markets. The focus in this industry should be on integrated pest management techniques and sustainable practices for an improved yield without harming the environment. Key Deliverables in the Study 1. Market analysis for the global insecticides market, with region specific assessments and competition analysis. 2. Market definition along with the identification of key drivers and restraints. 3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market. 4. Extensively researched competitive landscape section with profiles of major companies along with their market shares. 5. Identification and analysis of the macro and micro factors that affect the Global Insectcides Market. 6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. 7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. 8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.