Insecticides Market Projected to Reach USD 15.50 Billion by 2034, Growing at a CAGR of 4.6%

The global Insecticides market was valued at USD 9.91 billion in 2024, and it is projected to grow to USD 15.50 billion by 2034. During the forecast period from 2025-2034, the market is estimated to rise at a compound annual growth rate (CAGR) of 4.6%. The insecticides market involves the manufacturing, distribution, and sale of chemical and biological agents used to control or eliminate insect pests that pose threats to agriculture, public health, and various industrial operations. A key driver of this market is the critical need to protect global food security by minimizing crop losses caused by insect infestations.

Market Definition

Refers to chemicals or biological agents used to kill or control insects in agriculture, homes, and public health settings. They are essential for crop protection and pest management.

Key Report Highlights

The report highlights the key region that accounts for the highest revenue share in the global Insecticides market.
It identifies the leading country within this region that makes a significant contribution to the market’s overall performance.
The report outlines the dominant segment that holds a major share of the market.
It also emphasizes the fastest-growing segment projected to gain strong traction during the forecast period.
Qualitative and quantitative market analysis have been used to provide an in-depth understanding of the market.

Market Overview: Key Figures at a Glance

Market Value in [2024]: USD 9.91 Billion
Projected Market Size in [2034]: USD 15.50 Billion
Anticipated CAGR ([2034]): 4.6%

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Market Growth Drivers

As the global population continues to grow, there is an escalating need to boost agricultural productivity, driving demand for effective insect pest control solutions. Modern farming practices—particularly monoculture and high-density cropping—create ideal conditions for pest outbreaks, making insecticides essential for safeguarding crop yields. According to the Food and Agriculture Organization (FAO) of the United Nations, effective pest management is critical to maintaining global food security. With the world population projected to reach nearly 10 billion by 2050, food production must increase by approximately 70% to meet future demand.

A 2022 FAO report highlighted the ongoing efforts to combat desert locust infestations in East Africa, underscoring the vital role of insecticide interventions in preventing large-scale crop losses. Additionally, a 2023 study published by the National Library of Medicine (NCBI) found a strong correlation between the rising use of pesticides and the need to boost agricultural output. These developments clearly demonstrate that the growing demand for food and the intensification of farming practices are key drivers fueling the expansion of the insecticides market.

Market Key Players

The competitive landscape features a mix of long-standing companies and emerging contenders. Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include