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Insecticides Market : New Revenue Pockets
The global insecticides market has grown drastically in the last few years and the same trend is expected to continue. The competition among the major market players is high, and the market is dominated by large corporations. The top 11 companies hold more than 90% of the market share. Intensive research has been conducted by the major market players to develop new varieties of insecticides that are environment-friendly and control insects on the farm more effectively.
New insecticides that are very effective against the target organisms, while being totally harmless to the non-target organisms are being developed. Proper vegetation management can be achieved with the application of specific insecticide on the target crops. Development of less toxic and environment-friendly insecticides can be a new approach to penetrate in the global market to attain better productivity from crops. This strategy would be beneficial, not only to growers’, but to the insecticides industry on a whole.
In recent years, developing countries such as China, Thailand, Brazil, and Argentina have recorded substantial growth in insecticide consumption. In addition, the Latin American and Asia-Pacific regions have emerged as agricultural powerhouses. Especially, Brazil, which is already one of the world’s most potent agricultural markets, is expected to grow at a rate well above the regional average. This has led the attention of the market players in developed regions to the emerging markets in the Asia-Pacific and Latin American regions.
Insecticides Market by Type [Organophosphorus Compounds, Pyrethroids, Neonicotinoidsn Methyl Carbamate, and Others (Macrocyclic Lactones, Phenylpyrazoles, and Benzoylureas)], by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), & Geography - Global Trends and Forecasts to 2019
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