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(MoneyNewsWire.Net, April 06, 2018 ) Asia-Pacific Insecticides Market has been estimated at USD 4.63 billion in 2016 and is projected to reach USD 6.25 billion by 2021, at a CAGR of 6.2% during the forecast period from 2016 to 2021. Insecticides are formulations of either chemical or biological origin, used to control Insects that reduces crop yield or quality. They are usually applied through Sprays, baits and slow diffusion etc. But chemical insecticides are harmful to environment and also toxic to humans.
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Rising Commercial Pest management services, increasing concerns of Insect transferrable diseases, advancements in agricultural practices or techniques, rising demand for food grains owing to the increasing population, increasing Crop losses due to pests, and fall in per capita farm land are some of the major factors driving the market. However, some of the factors like improper handling of insecticides, and its toxic properties are slowing down the growth of the market.
Asia-Pacific 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.
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Geographically, market is further segmented into India, China, Japan, Australia and South Korea. Asia-Pacific dominates the market with the largest share owing to the growing health concerns and increase in export of food grains from Asia-Pacific Countries. Japan and China major producers of Insecticides in Asia-Pacific Region.
Major Players in the market include Dow Chemical Company, BASF SE, E.I. DuPont De Nemours & Company, Bayer Crop science AG, Cheminova As, Nufarm Limited, Syngenta AG, Sumitomo Chemical Company Ltd., Makhteshim Agan Industries, and FMC Corporation
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