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Global insecticides market to grow by 5% to $16,436.0 million by 2019
Jul. 18, 2014
The report “Insecticides Market by Type, by Crop Type & Geography - Global Trends and Forecasts to 2019” shows that insecticides market is projected to reach a value of $16,436.0 million by 2019, at a CAGR of 4.7% from 2014 to 2019.
The Asia-Pacific market is projected to grow at the fastest CAGR of 5.4% from 2014 to 2019. China and India are the largest markets in this region.
In the global insecticides market, the organophosphorus compounds segment had the largest market share of 27.6%. It was followed by the pyrethroids segment. The organophosphorus segment had a 16.7% share in 2013 and is projected to grow at a CAGR of 5.3% to reach a value of $4,664.7 million by 2019.
The major players of the market are DuPont DE (U.S.), BASF SE (Germany), Cheminova AS (Denmark), DOW Chemical Company (U.S.), and Bayer CropScience AG (Germany). Agreements, partnerships, and collaborations are the most common strategies followed by these companies, which is predicted to give a new dimension to this market from 2014 to 2019. New product development is projected to be the second most followed strategy from 2014 to 2019.
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