Wednesday, 6 April 2016

Insecticides Market to Reach US$3.90 bn by 2023; Demand for Organophosphates Predicted to Decline

Insecticides are crop protection chemicals that are widely used to combat insect pests across the globe. Insects are the most diverse species of animals and are majorly found in tropical habitats such as swamps, jungles, deserts, and even in highly harsh environments such as pools of crude petroleum. Insects inflict damage to crops by directly feeding on them. This poses a challenge of food security for the mankind. Demand for insecticides has been rising owing to the increasing need for better crop yield and growing threat of pest infestation. Deterioration of the climate and rise in the average global temperature is leading to the growth of various kinds of insects. Insects also inflict damage to crops by introducing new diseases through fungus and bacteria deposition on crops. Adoption of effective and non-chemical route for crop protection such as Integrated Pest Management (IPM), organic farming, genetically modified (GM) crops, and crop rotation is hampering the insecticides market. These practices are found to be cost-effective and non-toxic by farmers and agricultural experts. Biopesticides are expected to be provide opportunities for the insecticides market.

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This report estimates and forecasts the insecticides market on the global and regional level. The study provides forecast from 2015 to 2023 based on volume (kilo tons) and revenue (US$ Mn).

The study includes market estimate of five key categories of insecticides: organochlorines, organophosphates, carbamates, pyrethrins & pyrethroids, and others. The study also provides a comprehensive view of the insecticides market by dividing it into crop types such as cereals & grains, oilseeds & pulses, fruits & vegetables, and others. These product and crop segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (kilo tons) and revenue (US$ Mn). Regional segmentation includes current and forecast demand for insecticides in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Detailed market segmentation further includes demand for products and crops mentioned above in all the regions.

The report includes a detailed value chain analysis, which provides a comprehensive view of the market. This section of the report provides detailed information about value addition at each stage of the value chain in the insecticides market. The report comprises drivers and restraints for the insecticides market along with their support data during the forecast period. Additionally, the report includes the study of opportunities in the insecticides market from 2015 to 2023. Read full Report With TOC ....

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