Insecticide Market: Prospective Growth Trends & Incremental Opportunity Assessment till 2034
The global insecticide market has been steadily growing, with the market size estimated at approximately USD 23.84 billion in 2024. This industry is poised to expand further in the coming years, with projections indicating the market will reach USD 24.86 billion by 2025 and grow to USD 36.36 billion by 2034. This translates to a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2025 to 2034. Insecticides play a crucial role in modern agriculture, horticulture, and public health by providing effective pest control solutions. The increasing demand for food, driven by the rising global population and urbanization, has led to a heightened emphasis on pest management. Insecticides are essential for safeguarding crops from damaging pests that can drastically reduce yields and quality. Additionally, insecticides help in controlling disease vectors such as mosquitoes, which transmit deadly diseases like malaria and dengue. As such, the demand for ins...