The North American insecticides market was valued at USD 5.63 billion in 2023 and is expected to reach USD 5.91 billion in 2024 from USD 8.73 billion by 2032, growing at a CAGR of 5.0% from 2024 to 2032.
Insecticides are chemicals used to control insects by killing them or preventing them from doing anything destructive to crops. Insecticides can give higher crop yield and good quality products if applied in appropriate amounts. They can be used in various forms like Sprays, gels, Dust etc.
Some of the factors like increasing concerns about Insect transferrable diseases, rising demand for food grains owing to the increasing population, increasing Crop losses due to pests, advancements in agricultural practices or techniques, Rising commercial pest management services, and a fall in per capita farmland are 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.
North America has highest per hectare consumption of insecticides and is second largest market in the world. US is the largest producer of insecticides in North America.
Dow Chemical Company, BASF SE, Cheminova As, E.I. DuPont De Nemours & Company, Nufarm Limited, Bayer Crop science AG, Syngenta AG, FMC Corporation, Sumitomo Chemical Company Ltd., and Makhteshim Agan Industries are some of the major players in the market.
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