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(MoneyNewsWire.Net, April 03, 2018 ) The European Insecticides Market is expected to grow at a CAGR of 5.3% and reach USD 4.39 billion in 2021 from USD 3.39 billion in 2016.
Insecticides are chemicals used to control insects by killing them or preventing them from doing anything destructive to crops. Insecticides generally increases the productivity of crops. They are normally used in Agricultural, Industrial and Medicine sectors. The most commonly used Insecticides are Organophosphates, Pyrethroids and Carbamates.
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Some of the major factors driving the market are increasing concerns of Insect transferrable diseases, rising demand for food grains owing to the increasing population, increasing Crop losses due to pests, Rising Commercial Pest management services, advancements in agricultural practices or techniques and fall in per capita farm land. However, some of the factors like improper handling of insecticides, and its toxic properties are slowing down the growth of the market.
Europe Insecticides Market is segmented based on Type, Crop Type, Mode of Application and Form. Based on Type, market is segmented into Pyrethroids, Organophosphorus, Carbamates, Organochlorine, Botanicals and Others. Based on Crop Type, market is segmented into Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses and others. Based on Mode of Application, market is segmented into Foliar Spray, Seed Treatment, Soil Treatment, and Post-harvest. Based on Form, market is segmented into Sprays, strips and Baits. Organophosphorus segment commanded the market with highest share as it is cheaper than its alternatives. Bait segment is estimated to be the fastest growing segment owing to its easy to use properties. Geographically, market is further segmented into UK, Spain, Germany, Italy and France. Europe is the third highest market in the world owing to the advanced agricultural practices.
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Major Players in the market include BASF SE, E.I. DuPont De Nemours & Company, Dow Chemical Company, Cheminova As, Bayer Crop science AG, Nufarm Limited, Syngenta AG, FMC Corporation Makhteshim Agan Industries, and Sumitomo Chemical Company Ltd.
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