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Insecticide Market Size

The insecticide market is experiencing growth driven by the increasing need to protect crops from pests, which is influenced by the expanding agricultural production and changing climate. Various application methods, such as foliar, seed treatment, soil treatment, and chemigation, are contributing to the market's expansion. The market's value is expected to rise as these methods become more widely adopted to address pest infestations effectively. Regions like Asia-Pacific and North America are anticipated to see significant growth, while South America remains a key area due to its substantial agricultural output. The overall market size is projected to grow steadily over the forecast period, reflecting the rising demand for effective pest management solutions.

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Market Size of insecticide Industry

Insecticide Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 35.15 Billion
svg icon Market Size (2029) USD 43.34 Billion
svg icon Largest Share by Application Mode Foliar
svg icon CAGR (2024 - 2029) 4.27 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Insecticide Market Analysis

The Insecticide Market size is estimated at 35.15 billion USD in 2024, and is expected to reach 43.34 billion USD by 2029, growing at a CAGR of 4.27% during the forecast period (2024-2029).

35.15 Billion

Market Size in 2024 (USD)

43.34 Billion

Market Size in 2029 (USD)

5.78 %

CAGR (2017-2023)

4.27 %

CAGR (2024-2029)

Largest Segment by Application Mode

56.60 %

value share, Foliar, 2023

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The foliar method ensures effective protection against widespread pest attacks. It allows precise targeting of insecticides to the foliage where many pests feed and cause damage.

Largest Segment by Crop Type

45.01 %

value share, Grains & Cereals, 2023

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The most important grains and cereals grown globally are wheat, rice, maize, barley, rye, and sorghum, which can be affected by various pests that may hurt yields.

Largest Segment By Region

34.80 %

value share, Asia-Pacific, 2023

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The insecticide market in Asia-Pacific is witnessing significant expansion due to the prevelence of pests and large agricultrural sector ensuring higher yields.

Fastest-growing Segment by Country

6.45 %

Projected CAGR, France, 2024-2029

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Insect pests are a major threat to France's agriculture as climate change in the country favors pest infestation, so farmers rely on insecticides.

Leading Market Player

10.27 %

market share, FMC Corporation, 2022

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FMC Corporation and UPL Ltd have formed a strategic partnership to expand growers' access to Rynaxypyr active and the manufacturing capacity for this vital molecule.

The rising pest pressure and the need to protect crops from damaging insects are driving the demand for insecticides

  • Insecticide use is increasing through different application modes to protect crops from insect pests. In 2022, the foliar segment held the major share, accounting for 56.6% of the overall insecticide market. This could be attributed to increasing pest pressure and its effectiveness in controlling insects, rapid action, and targeted control.
  • In terms of value, the seed treatment method in the global insecticide market is expected to record a CAGR of 4.5% between 2023 and 2029. This method is being majorly adopted because it protects against many pests that attack seeds or seedlings, such as aphids, thrips, wireworms, and beetles, at the very beginning of a crop's life cycle.
  • Soil treatment in the insecticide market is expected to record a 4.1% CAGR between 2023 and 2029. The main pests affecting the root growth of economically significant crops such as wheat, soybean, oil palm, cocoa, and coffee are slugs, wireworms, fungi gnats, and soil mealybugs. Therefore, to protect crops from these pests, the demand for insecticides in terms of soil treatment is expected to increase.
  • Farmers are becoming more and more aware of the chemigation method. By combining insecticide application with irrigation, farmers can save time and labor, making it a convenient choice for farmers managing large-scale agricultural operations. Due to these factors, the insecticide market value in this application mode is projected to record a 3.7% CAGR during the forecast period (2023-2029).
  • The global insecticide market in these application methods is expected to witness significant growth and is projected to record a 4.2% CAGR from 2023 to 2029.
Global Insecticide Market

The expansion of cropland areas with changes in climate conditions is contributing to the growth of the market

  • The increase in global population and the need for higher food production have led to the expansion of agricultural production, which, in turn, boosted the demand for insecticides to protect the crops from damaging pests. During the historical period (2017-2022), the insecticide market grew by USD 8,434.3 million.
  • South America was one of the major regions in agriculture production, with a 24.0% market value in 2022. The vast production of soybeans, corn, sugarcane, and other crops creates a significant demand for insecticides to manage pests effectively. The rise of infestation of insects such as southern armyworm (Spodoptera eridania) has driven the growth of the market.
  • Asia-Pacific holds the largest insecticide market value share, and the market is anticipated to grow fastest in the region, registering a CAGR of 3.9% during the forecast period (2023-2029). Insect pests that could damage crops are spreading due to the changing climate. Consequently, the demand for insecticides is expected to rise as they are efficient tools for addressing these pests and ensuring crop productivity.
  • North America is projected to register a CAGR of 4.7% during the forecast period (2023-2029). The need to protect the crops, coupled with the introduction or spread of invasive pests, could lead to increased demand for insecticides to manage and control these new threats.
  • However, Europe and Africa have a substantial agricultural sector and play a vital role in the global insecticide market. These regions are projected to register CAGRs of 4.6% and 3.7%, respectively, during the period.
  • The global insecticide market is projected to register a CAGR of 4.2% during 2023-2029. The rapidly expanding agriculture sector with a changing climate is driving the growth of the market.

Insecticide Industry Segmentation

Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type. Africa, Asia-Pacific, Europe, North America, South America are covered as segments by Region.

  • Insecticide use is increasing through different application modes to protect crops from insect pests. In 2022, the foliar segment held the major share, accounting for 56.6% of the overall insecticide market. This could be attributed to increasing pest pressure and its effectiveness in controlling insects, rapid action, and targeted control.
  • In terms of value, the seed treatment method in the global insecticide market is expected to record a CAGR of 4.5% between 2023 and 2029. This method is being majorly adopted because it protects against many pests that attack seeds or seedlings, such as aphids, thrips, wireworms, and beetles, at the very beginning of a crop's life cycle.
  • Soil treatment in the insecticide market is expected to record a 4.1% CAGR between 2023 and 2029. The main pests affecting the root growth of economically significant crops such as wheat, soybean, oil palm, cocoa, and coffee are slugs, wireworms, fungi gnats, and soil mealybugs. Therefore, to protect crops from these pests, the demand for insecticides in terms of soil treatment is expected to increase.
  • Farmers are becoming more and more aware of the chemigation method. By combining insecticide application with irrigation, farmers can save time and labor, making it a convenient choice for farmers managing large-scale agricultural operations. Due to these factors, the insecticide market value in this application mode is projected to record a 3.7% CAGR during the forecast period (2023-2029).
  • The global insecticide market in these application methods is expected to witness significant growth and is projected to record a 4.2% CAGR from 2023 to 2029.
Application Mode
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
Crop Type
Commercial Crops
Fruits & Vegetables
Grains & Cereals
Pulses & Oilseeds
Turf & Ornamental
Region
Africa
By Country
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Myanmar
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Netherlands
Russia
Spain
Ukraine
United Kingdom
Rest of Europe
North America
By Country
Canada
Mexico
United States
Rest of North America
South America
By Country
Argentina
Brazil
Chile
Rest of South America
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Insecticide Market Size Summary

The insecticide market is experiencing a steady expansion, driven by the increasing need to protect crops from insect pests through various application methods. The foliar segment currently dominates the market due to its effectiveness in controlling pests and rapid action. Seed treatment and soil treatment methods are also gaining traction, as they offer protection against pests that threaten crops at critical growth stages. The chemigation method, which combines insecticide application with irrigation, is becoming popular among farmers managing large-scale operations. The demand for insecticides is further bolstered by the growing global population and the need for enhanced food production, which necessitates the protection of crops from damaging pests.

Regionally, Asia-Pacific holds the largest market share and is expected to grow the fastest, driven by the spread of insect pests due to climate change. North America is also witnessing increased demand due to the need to manage invasive pests. South America remains a significant player in the market, with its vast agricultural production driving the demand for effective pest management solutions. Europe and Africa are also key regions, contributing to the global market growth. The market is characterized by a diverse range of active ingredients, such as lambda-cyhalothrin and imidacloprid, which are used to control various pests in crops. The market is fragmented, with major players like ADAMA Agricultural Solutions, Bayer AG, Corteva Agriscience, FMC Corporation, and Syngenta Group leading the industry.

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Insecticide Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Application Mode

      1. 1.1.1 Chemigation

      2. 1.1.2 Foliar

      3. 1.1.3 Fumigation

      4. 1.1.4 Seed Treatment

      5. 1.1.5 Soil Treatment

    2. 1.2 Crop Type

      1. 1.2.1 Commercial Crops

      2. 1.2.2 Fruits & Vegetables

      3. 1.2.3 Grains & Cereals

      4. 1.2.4 Pulses & Oilseeds

      5. 1.2.5 Turf & Ornamental

    3. 1.3 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Country

          1. 1.3.1.1.1 South Africa

          2. 1.3.1.1.2 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Country

          1. 1.3.2.1.1 Australia

          2. 1.3.2.1.2 China

          3. 1.3.2.1.3 India

          4. 1.3.2.1.4 Indonesia

          5. 1.3.2.1.5 Japan

          6. 1.3.2.1.6 Myanmar

          7. 1.3.2.1.7 Pakistan

          8. 1.3.2.1.8 Philippines

          9. 1.3.2.1.9 Thailand

          10. 1.3.2.1.10 Vietnam

          11. 1.3.2.1.11 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Country

          1. 1.3.3.1.1 France

          2. 1.3.3.1.2 Germany

          3. 1.3.3.1.3 Italy

          4. 1.3.3.1.4 Netherlands

          5. 1.3.3.1.5 Russia

          6. 1.3.3.1.6 Spain

          7. 1.3.3.1.7 Ukraine

          8. 1.3.3.1.8 United Kingdom

          9. 1.3.3.1.9 Rest of Europe

      4. 1.3.4 North America

        1. 1.3.4.1 By Country

          1. 1.3.4.1.1 Canada

          2. 1.3.4.1.2 Mexico

          3. 1.3.4.1.3 United States

          4. 1.3.4.1.4 Rest of North America

      5. 1.3.5 South America

        1. 1.3.5.1 By Country

          1. 1.3.5.1.1 Argentina

          2. 1.3.5.1.2 Brazil

          3. 1.3.5.1.3 Chile

          4. 1.3.5.1.4 Rest of South America

Insecticide Market Size FAQs

The Global Insecticide Market size is expected to reach USD 35.15 billion in 2024 and grow at a CAGR of 4.27% to reach USD 43.34 billion by 2029.

In 2024, the Global Insecticide Market size is expected to reach USD 35.15 billion.

Insecticides Market Report Snapshots

Insecticide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029