The global Insecticide Market is anticipated to grow at a CAGR of 5.62% during the forecast period (2024-2031). Insecticide is a chemical substance used in agriculture to control and eliminate insect pests, safeguarding crops from damage and ensuring optimal yield and quality in a farming environment. The global insecticide market grows due to rising population demands and shrinking agricultural land. Insecticides protect crops, ensuring higher yields amid land scarcity. Climate change-induced pest outbreaks increase reliance on insecticides for crop protection. Economic factors drive market growth by minimizing crop losses and enhancing profitability. Advancements in insecticide development target specific pests with reduced environmental impact. Concerns persist over insecticide overuse leading to resistance, harming beneficial insects and the environment. As the market expands, there's a push for sustainable and targeted insecticide use to address these issues.

In November 2023, FMC launched Ethos Elite LFR insecticide/biofungicide, a new crop protection product for the U.S. market in 2024. It combines bifenthrin with two proprietary biological strains, providing broad-spectrum control against early-season diseases and soilborne pests in crops like corn, soybeans, and cotton. The formulation's Liquid Fertilizer Ready technology ensures uniform suspension and compatibility with conventional systems.

In November 2023, Godrej Agrovet (GAVL) launched Rashinban, an insecticide for protecting chilli crops during flowering, developed by Japan's Nissan Chemical Corporation. Effective against thrips, mites, and caterpillars, it ensures holistic efficacy during this critical growth stage. Rashinban's broad-spectrum action reduces the need for multiple insecticides, streamlining pest management and potentially increasing yields for Indian chilli farmers.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Product Type
By Crop Type

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes BASF SE, Bayer Crop Science Ltd, Rallis India Limited, Syngenta Crop Protection AG, and The Dow Chemical Company among others.

 Insecticide Market Report Segment

By Product type

Organophosphates
Pyrethroids
Methyl Carbamates
Neonicotinoids
Other Insecticides (Spinosyn insecticides, Diatomaceous earth, Biochemical insecticides, and Insect growth regulators (IGRs)

By Crop Type

Cereals and Grains
Oilseeds & Pulses
Fruits & Vegetables
Others (Spices, Beverage crops, Fibers, Industrial crops)

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Insecticide Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles

Adama Agricultural Solutions Ltd
American Vanguard Corporation
Bharat Rasayan Ltd
Dhanuka Agritech Ltd
FMC Corporation
Godrej Agrovet Ltd
IFFCO-MC Crop Science Pvt. Ltd.
Isagro SPA
Meghmani Organics Ltd.
Nufarm Limited
PI Industries Limited
Sumitomo Chemical Co. Ltd
UPL Limited

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