The Middle East and Africa Insecticides market size is expected to reach USD 3.51 billion in 2024 and reach USD 4.29 billion by 2029, growing at a CAGR of 4.1% from 2024 to 2029.
Insecticides are pesticides formulated to kill, Repel, or harm insects that reduce crop yield. They can be used in various forms, such as Sprays, gels, Dust, etc. Insecticides are mainly of two types: Systematic and Contact. Systematic Insecticides have long-term residual activity, while Contact Insecticides have no residual activity.
Rising concerns of Insect transferrable diseases, Rising commercial pest management services, rising demand for food grains owing to the increasing population, increasing Crop losses due to pests, advancements in agricultural practices or techniques, 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.
The organophosphorus segment commanded the market with the highest share as it is cheaper than its alternatives. The bait segment is estimated to be the fastest-growing segment owing to its easy-to-use properties.
Some of the Major Players in the market are E.I. DuPont De Nemours & Company, Cheminova As, Nufarm Limited, Syngenta AG, BASF SE, Bayer Crop Science AG, Dow Chemical Company, Makhteshim Agan Industries, Sumitomo Chemical Company Ltd., and FMC Corporation.
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