Data Bridge Market Research analyses that the Insecticide Aerosol Market is expected to reach the value of USD 3.63 billion by the year 2029, at a CAGR of 8.80% during the forecast period of 2022 to 2029. “Agriculture” accounts for the largest application segment in the insecticide aerosol market owning to the growing demand for effective solutions to control the growth of insects that affect the crop health.
Market Definition
Insecticide aerosols are agrochemicals that are manufactured using active pesticides and other inert ingredients that are effective against insects such as mosquitoes, flies, bedbugs, beetles and others. However, the biggest concern pertaining to the application of agrochemicals is the generation of waste. This is where insecticide aerosols come in handy as they ensure minimal generation of waste and as a result, continue to hold an important place in the overall insecticides industry. Over the years, manufacturers have innovated with the product and developed three forms of this product, namely, insect growth regulators, residual insecticide sprays, and contact insecticide sprays.
Insecticide Aerosol Market Dynamics
Drivers
Growth and expansion of agricultural industry
The agricultural sector, especially in the developing economies such as India and China is witnessing substantial gains over the years. Moreover, public and private strategic collaborations have induced increased focus and funds towards developing this industry. As a result, there is a huge demand for modern agricultural devices and equipment, thereby widening the scope of growth for the insecticide aerosols market.
The increase in the expenditure for the research and development proficiencies
Analysts and researchers are extensively conducting research and developmental operations at a large scale. Researches are being conducted to analyze the toxicity of ingredients used to manufacture the agrochemicals. Researchers are backed with the support of governmental organizations and regulatory bodies. This is a definitive factor propelling the demand for insecticide aerosols around the globe.
Rise in demand for food
With the increasing population base around the world, the demand for cereals, grains, fruits, vegetables and pulses is subsequently rising. As a result, farmers are focussing on improving their crop productivity on a daily basis. However, rising crop losses resulting from insect attacks are hampering the desired objective. This has led to the rise in demand for insecticide aerosols via online and offline distribution modes.
Additionally, rising costs of high quality seeds, increasing advancements in the crop science techniques, surge in the personal disposable income and rising technological advancements in manufacturing technology will positively affect the demand for insecticide aerosols.
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Opportunities
Furthermore, advancements in software technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, a high emphasis on streamlining imaging workflows will further expand the healthcare interoperability solutions market's growth rate in the future.
Restraints/Challenges
On the other hand, stringent regulations imposed by the government on the application of agrochemicals will restrain the growth of the market. Rising awareness about the harmful impact of synthetic insecticides on the soil and crop health would also challenge the market growth rate. High chemical affects associated with the manufacture of insecticide aerosols and adverse effects on the human health such as the development of cancer, brain damage, birth defects, organ failure, and skin irritation will further derail the market growth rate.
This insecticide aerosol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the insecticide aerosol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Insecticide Aerosol Market
The recent outbreak of coronavirus has negatively impacted the insecticide aerosol market. Not just the demand, but the supply hit rock bottom in this phase. Some factors responsible for it are work resumption delay, traffic control and delayed logistics, shortage of raw materials, production suspension and limited import and export activities. As a result, large scale manufacturers were docked up with huge inventory in their warehouses. However, things are looking to pick up again in the coming financial quarter.
Recent Development
- Bayer became a member of agricultural industry with BASF, Syngenta, Mitsui Chemicals, and Sumitomo Chemical Company to develop effective vector control solutions to help eliminate malaria by 2040.
- AgriMetis, a producer of semisynthetic compounds utilizing Saccharopolyspora spinosa, likely to accept collaboration request of Monsanto on the development of novel insect protection compounds.
Technological Advancements
- FMC Corporation has launched FMC Ventures with an aim to adopt advanced and emerging agricultural technological innovations. With FMC Ventures, FMC Corporation is targeting strategic investments in early stage companies to develop and deploy emerging technologies in the agricultural industry.
- Cargill and Ecolab are supporting emerging agricultural technologies with the help of Techstars Farm to Fork Accelerator Class. There are 11 startups in in the 2021 Techstars program with are innovating in the agricultural, food retail and food safety technologies.
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Global Insecticide Aerosol Market Scope
The insecticide aerosol market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Contact Sprays
- Residual
- Insect Growth Regulator (IGR)
On the basis of product type, the insecticide aerosol market is segmented into contact sprays, residual and insect growth regulator (IGR). Contact Sprays dominate the insecticide aerosol market owing to the fact that there are highly effective when sprayed directly onto the target insect.
Application
- Household
- Airlines
- Green Houses
- Agriculture
- Others
On the basis of application, the insecticide aerosol market is segmented into household, airlines, green houses, agriculture and others.
Insecticide Aerosol Market Regional Analysis/Insights
The insecticide aerosol market is analyzed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the insecticide aerosol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the insecticide aerosol market because of the presence of several agrarian economies, large scale availability of arable land, growing awareness about the benefits of agrochemicals and supportive policies implemented by the government to promote the growth of agricultural industry.
Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising expenditure for research and development proficiencies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Insecticide Aerosol Market Share Analysis
The insecticide aerosol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to insecticide aerosol market.
Some of the major players operating in the insecticide aerosol market are BASF SE, Bayer AG, Syngenta, ADAMA India Private Limited, Sumitomo Chemical (UK) plc, Certis USA L.L.C., Nufarm Australia, DuPont, Element Solutions Inc, Novozymes, FMC Corporation, Valent BioSciences LLC, Croda International Plc, Arysta LifeScience Corporation., KENSO New Zealand., Gowan Company, Corteva., UPL, Germains Seed Technology and Plant Health Care plc among others.
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