The latest market report published by Credence Research, Inc. “Global Insecticides Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global insecticides market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 4.80% between 2023 and 2030. The market was valued at USD 8.9 billion in 2022 and is expected to reach USD 12.4 billion in 2030.
The report provides key insights into the market, highlighting the main drivers, challenges, and growth opportunities. One of the primary factors driving the expansion of the insecticides industry is the increasing pressure to meet the rising consumer food demand due to the growing global population. As the population continues to grow, there is a greater need for agricultural production and the protection of crops from pests and insect infestations.
However, the market growth is expected to be hindered by strict government regulations and concerns about insect resistance. Governments around the world have implemented regulations to ensure safe farming practices and reduce the risks associated with insecticide use. Additionally, there is growing awareness and concern about the development of resistance in pests, which poses a challenge for the effectiveness of insecticides.
Nevertheless, the report highlights several growth opportunities in the global insecticides market. Emerging countries present lucrative prospects for market players, with increasing demand for insecticides. The adoption of integrated pest management (IPM) practices and research and development programs to launch new products are also identified as growth opportunities.
The market is segmented based on type, crop type, formulation, form, and region. The organophosphorus-based insecticides category holds the largest market share, and the cereals & grains category is the primary crop type segment. In terms of formulation, the emulsifiable concentrate category has the largest share, and the sprays category is the most common form of insecticides. The Asia Pacific region leads the market growth.
France Insecticides Market Drivers refer to the key factors that contribute to the growth and development of the insecticide market in France. These drivers are crucial for understanding the dynamics of this industry and its future prospects. Firstly, one important driver is the increasing awareness among consumers regarding the harmful effects of insects on human health and agricultural produce. This growing consciousness has led to a surge in demand for effective insecticides that can protect crops, homes, and public spaces from pests. Secondly, stringent regulations imposed by government authorities to ensure safe pest control practices have also played a significant role in driving market growth.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Insecticides Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global Insecticides Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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