Asia-Pacific insecticides market size was valued at USD 6.35 billion in 2023 and is anticipated to reach USD 6.74 billion in 2024 from USD 10.91 billion by 2032, growing at a CAGR of 6.2% from 2024 to 2032.
Insecticides are formulations of either chemical or biological origin used to control Insects that reduce crop yield or quality. They are usually applied through Sprays, baits, slow diffusion, etc. However, chemical insecticides are harmful to the environment and also toxic to humans.
Rising Commercial Pest management services, increasing concerns of Insect transferrable diseases, advancements in agricultural practices or techniques, rising demand for food grains owing to the increasing population, increasing Crop losses due to pests, and fall in per capita farmland are some of the major factors driving the market. However, some of the factors, like improper handling of insecticides and their toxic properties, are slowing down the growth of the market.
This research report on the Asia-Pacific insecticides market is segmented and sub-segmented into the following categories.
Asia-Pacific dominates the market with the largest share owing to the growing health concerns and the increase in the export of food grains from Asia-Pacific Countries. Japan and China are major producers of Insecticides in the Asia-Pacific Region
Major Players in the market include Dow Chemical Company, BASF SE, E.I. DuPont De Nemours & Company, Bayer Crop Science AG, Cheminova As, Nufarm Limited, Syngenta AG, Sumitomo Chemical Company Ltd., Makhteshim Agan Industries, and FMC Corporation.
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