Kings Research has released its latest research report, “Global Insecticides Market: Size, Share, Trends & Forecast 2024–2031.” The report covers market analysis, segmentation, regional activity, and competitive strategy in the insecticides industry, useful for agribusinesses, chemical companies, and investors.
According to Kings Research, the global insecticides market was USD 15.86 billion in 2023 and is expected to grow from USD 16.79 billion in 2024 to USD 26.01 billion by 2031 at a CAGR of 6.45% during the forecast period. The growth is driven by high-yielding crop demand, the adoption of advanced pest control solutions, and government initiatives for agricultural productivity.
Chemicals or biological substances known as insecticides are employed in forestry, public health, and agriculture to manage insect pests. They are crucial for maintaining food security, reducing vector-borne illnesses, and safeguarding agricultural yields. For certain pests and crop kinds, modern pesticides come in a variety of synthetic and organic formulations that are applied as sprays, baits, or seed treatments.
In order to meet environmental concerns and regulatory compliance requirements, eco-friendly and bio-based insecticides have been developed in response to the global focus on sustainable agriculture and integrated pest control.
Kings Research underscored the major factors boosting the expansion of the insecticides market:
- Increasing Agricultural Intensification
Rising global population and urbanization are pressuring farmers to maximize crop yields. Countries across Asia-Pacific, particularly India and China, are adopting high-performance insecticides to protect staple crops such as rice, wheat, and maize. According to the Food and Agriculture Organization (FAO), over 40% of global crop losses are due to pests, highlighting the critical role of insecticides in food security (Source: https://www.fao.org/).
- Expansion of Eco-Friendly and Bio-Insecticides
Demand for bio-insecticides, which employ natural active ingredients like neem oil, Bacillus thuringiensis (Bt), and essential oils, is being driven by environmental concerns and more stringent laws. Businesses that invest in biological pest management solutions that lower chemical residues while preserving crop protection effectiveness include UPL, Dhanuka Agritech Ltd., and BASF.
- Technological Advancements in Formulations and Delivery
The creation of water-dispersible granules, controlled-release systems, and microencapsulated formulations is increasing effectiveness and lessening the impact on the environment. Advanced chemicals are being used by companies such as Syngenta Group and FMC Corporation to minimize application frequency and maximize insect targeting.
- Europe Emerges as Fastest-Growing Region
The spread of organic farming, legislative support for integrated pest management (IPM), and growing demand for sustainable agricultural methods are all predicted to contribute to Europe's anticipated rapid growth. The region's insecticide market is changing as a result of the use of precision application technology and biopesticides.
- Public Health Applications Boost Demand
In vector control efforts, insecticides are being utilized more to prevent diseases, including dengue, Zika, and malaria. The market is growing as a result of the aggressive use of insecticide-treated nets, larvicides, and mosquito control sprays by governments in Asia-Pacific and Africa.
For agribusinesses, chemical manufacturers, and investors, the insecticides market is a big opportunity:
- Better Crop Protection: Effective pest control solutions reduce crop losses and increase yields.
- Innovation & Sustainability: Bio-insecticides support environmental compliance and corporate sustainability goals.
- Revenue Growth: Demand is growing across agriculture and public health for the long term.
- Strategic Partnerships: Research institutions and governments are key to technology adoption.
- Risk Mitigation: Advanced formulations reduce overuse and environmental impact and ensure regulatory alignment.
Regional Insights
Asia-Pacific held the largest share of the global insecticides market in 2023 due to high agricultural activity, widespread pest issues, and growing food demand. Countries like India, China, and Southeast Asia are investing big in crop protection technologies.
Europe is expected to be the fastest-growing region as eco-friendly insecticides are being adopted, regulatory incentives for organic farming, and technological innovation in precision agriculture. Pesticide safety and sustainable practices awareness are driving growth across Western and Eastern Europe.
Competitive Landscape
The insecticides market is semi-competitive with multinational companies and regional players competing through innovation, product differentiation, and strategic acquisitions. Key players are:
BASF, Syngenta Group Company, Nufarm, FMC Corporation, Drexel Chemical Company, UPL, Kenvos Group, Nissan Chemical Corporation, Corteva, Dhanuka Agritech Ltd.
Market leaders are focusing on biological insecticides, high-performance formulations, and digital agritech solutions to improve pest management. Strategic partnerships with research institutions and government bodies help companies expand their product portfolio and geographical reach.
About Kings Research
Kings Research is a global research and consulting firm that helps organizations to navigate emerging markets, evaluate opportunities, and make data driven decisions.
To request a sample or access the full report, please visit https://www.kingsresearch.com/insecticides-market-1155.
All market data are sourced from Kings Research proprietary analysis, validated against credible government publications and peer-reviewed research papers. Examples cited include Food and Agriculture Organization (FAO), European Food Safety Authority (EFSA), U.S. Environmental Protection Agency (EPA), and corporate disclosures of BASF, Syngenta, and FMC Corporation.