Updates 2020: Insecticides Market To Reach USD 24.2 Billion By 2027 | CAGR 4.9% — Forencis Research

  • According to the new market research report Insecticides Market by Type (Inorganic Insecticides, and Organic Insecticides), by Crop Type (Pulses & Oilseeds, Grains & Cereals, Fruits & Vegetables, Others), by Formulation (Emulsifiable Concentrate, Wettable Powder, Suspension Concentrate, Oil Emulsion in Water, Microencapsulated Suspension, Granules, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global insecticides market is estimated to reach USD 24.2 Billion by 2027 at a CAGR of around 4.9% during the review period.
  • Specialty chemical products used to destroy or inhibit the growth of insects such as rats, mice, mites, ticks, and spider are known as insecticides
  • Some of the advantages offered by insecticides are prevention of pest problems, cost-effectiveness, timeliness & flexibility, increase in crop production, increase quality & quantity of products, and amongst others
  • Variety of pest can be controlled using insecticides, however, over time, as pest develops resistance they lose their effectiveness, which reduces the field performance of pesticides
  • An increasing need for agriculture productivity in order to meet growing food demand across the globe has expected to drive the growth of the global insecticides market during the forecasted period
  • Availability of bioinsecticides as a substitute may pose a challenge to the insecticide market growth during the forecasted period
  • Stringent regulation imposed by the government considering various environmental and health concerns associated with the use of insecticides has anticipated to hamper the growth of the market during the forecasted period
  • North America
  • Asia Pacific
  • ADAMA Ltd.:
  • BASF SE:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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