(Food-Beverage-News.Com, September 14, 2017 ) According to the report “North America Insecticides Market by Type (Pyrethroids, Organophosphorus, Carbamates, Organochlorine, Botanicals and Others), by Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses and others), by Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment, and Post-harvest), by Form (Sprays, strips and Baits), and by Region - Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021)” published by Market Data Forecast, the North America Insecticides Market was estimated to be USD 3.70 billion in 2016 and is predicted to reach USD 4.72 billion by 2021 with a CAGR of 5.0 %.
Insecticides are chemicals used to control insects by killing them or preventing them from doing anything destructive to crops. Insecticides can give higher crop yield and good quality products if applied in appropriate amounts. They can be used in various forms like Sprays, gels, Dust etc.
Some of the factors like increasing concerns of Insect transferrable diseases, rising demand for food grains owing to the increasing population, increasing Crop losses due to pests, advancements in agricultural practices or techniques Rising Commercial Pest management services, and fall in per capita farm land are 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.
North America 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, North America Insecticides Market is further segmented into US and Canada. North America has highest per hectare consumption of insecticides and is second largest market in the world. US is the largest producer of insecticides in North America.
Dow Chemical Company, BASF SE, Cheminova As, E.I. DuPont De Nemours & Company, Nufarm Limited, Bayer Crop science AG, Syngenta AG, FMC Corporation, Sumitomo Chemical Company Ltd., and Makhteshim Agan Industries are some of the major players in North America Insecticides Market.
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