Europe Insecticides Market: Segments: by Type (Synthetic and Bio-insecticides);ByCrop Type (Fruits & Vegetables, Pulses & Oilseeds and Cereals & Grains); By Application Mode (Toxic Bait, Dichlorvos Vaporizer, Outdoor Space-Spraying, Larvicide Sprayers, and Others); By Active Ingredient (Organophosphorus Compounds, Pyrethroids Compounds, Neonicotinoids, and Insect Growth Regulator); By Region (UK, Germany, France, Spain, Italy and Rest of Europe)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030
Europe Insecticides Market to surpass USD 18 Billion by 2031, which is valued at 11 billion in 2021 at a compound annual growth rate of 5.1%
The insecticide is a chemical that is used to destroy or regulate insect growth. These chemicals are mainly used to avoid pests infesting plants or to kill insects in particular areas that carry the disease. The application of insecticides in the medical, agricultural, and industrial fields is large. They can change environmental components drastically and are destructive for both animals as well as humans. Many insecticides are distributed in the food chain. Insecticides can be systemic (that are persistent or long-term in nature) or contact (that are not recurrent). For the plant roots to absorb, the systemic insecticide is incorporated directly into the soil. When the insecticide reaches the roots, it is transferred into outer areas including the leaves, fruits, branches, and flowers. This forms a crust on the plant surface which serves as a venom for every insect that tries to eat the plant. Contact insecticides behave as arrows that seek to destroy specific insects. Home insect spray typically acts as contact insecticides, as it has to touch the insect directly to kill it. Yet there are many significant technical and environmental concerns about the growing concentration of such insecticides as they pass up the food chain.
The major factors driving the growth of the market are discussed below. The growing concern of transferable diseases carried by insects, rising demand for food cereals as a result of the rising population, the escalation of crop damage incurred by insects and pests are some of the factors which support the growth of the European market in insecticide products. Moreover, the growing commercial pest control services, the advancement of technology in agricultural practices, and reduced per capita cropland are some other factors augmenting the growth of the insecticides market in Europe. To satisfy growing consumer needs, various players also actively invest in research and development to launch new and beneficial products. However, the harmful environmental effects of insecticides and resistance development in insects are important factors that are likely to limit the market growth during the projected period.
Europe Insecticides Market based on type is segmented into synthetic insecticides and bio-insecticides. The bio-insecticides accounted for a major share in 2019 and are likely to grow at the highest CAGR during the forecast period. The bio-insecticides are healthy for crops, environment-friendly, beneficial in the long-run, improves the quality of soil, and most importantly do not have any negative impact on the health of human beings. These factors drive the demand for bio-insecticides in Europe.
Based on the active ingredient, the market is divided into organophosphorus compounds, pyrethroids compounds, neonicotinoids, and insect growth regulators. The pyrethroids segment dominated the market in 2019 as it serves as the ideal substitute for insecticides. Over the forecast period, the demand for such products is anticipated to expand at the highest CAGR, as stable pyrethroid-based insecticides replace dichlorodiphenyltrichloroethane (DDT) and other chlorinated hydrocarbons and are observed to have increased demand.
The Insecticides market is classified based on the type of crop into fruits & vegetables, pulses & oilseeds, and cereals & grains. The fruits & vegetable segment captured a considerable market share in 2019 and is projected to register a CAGR of XX% during the forecast period. The increasing awareness among people about the health and the impact of substandard food on health coupled with the transition to organic food is to fuel the demand of the market.
Based on application mode, the insecticides market is fragmented into toxic bait, dichlorvos vaporizer, outdoor space-spraying, larvicide sprayers, and others. The outdoor spray market segment dominated the market in 2019 with a market share of XX%. The spray method is commonly used outdoors in Europe, as it immediately affects older insect populations.
To meet the increasing food requirement
Increased crop productivity and efficiency are the driving forces for the insecticide market. The population in the area is increasing, but agricultural lands are declining, thus farmers are pressing the yield to increase. Farmers implement modern agricultural methods to increase crop production. Crop protection I therefore a key strategy that farmers are adapting to meet the increasing demand for food. Insecticides are a proven technology for increasing food production. Modern farming methods need new products for crop safety.
Lack of awareness
The major share of the population is unaware of the use of insecticides in the region. Moreover, the increased cost of Research & Development further hampers the growth of the market. In this area, a large number of pesticides are prohibited. For these countries, the cost of registering new insecticides is high.
Europe Insecticides Market is segmented based on regional analysis into six major regions. These include UK, Germany, France, Spain, Italy, and Rest of Europe. Geographically, Italy is expected to dominate the market in Europe over the forecast period, owing to growing organic waste production and the use of insecticides in the region.
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