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Insecticides Market to Reach Us$3.90 Bn by 2023 an Excellent 5.1% Cagr over the Period Between 2015 and 2023
Transparency Market
Insecticides Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023
150 Page Report
Greater Insecticide Use Signaled by Agriculture Industry in
Face of Growing Food Consumption and Pressure to Improve
Crop Yield, reports TMR
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Insecticides Market
Insecticides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
The level of fragmentation of the global market for insecticides is moderate with the top three manufacturers of
insecticides in 2014 taking up 35.1% of the total market value. These players are Syngenta AG, The Dow
Chemical Company, and Bayer AG.
According to a new publication released by Transparency Market Research, the degree of competition among
insecticides manufacturers is expected to remain moderate till 2023. The globally prominent players held more
than half of the market value in 2014 and this is not expected to change drastically over the coming years. This
is due to the strong distribution channels held by the top players that make it harder for new entrants and
regional players to expand.
The global market for insecticides is expected to expand at a CAGR of 5.1% within a forecast period from 2015
to 2023, in terms of revenue. This revenue is expected to reach US$2.75 bn by the end of 2016 and US$3.89
bn by the end of 2023.
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The degree of vertical integration in the global insecticides market is also expected to remain moderate over
the coming years, owing to the high investments in research and development of insecticides that are both
effective and non-toxic.
All in all, the...
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