The global imidacloprid market is anticipated to rapidly gain traction with estimated growth rate reaching close to USD 5.95 billion by 2028 advancing at a steady CAGR valuation of 7% through the entire forecast span, 2021-2028. The voluminous growth rate can be attributed to the escalating demand for imidacloprid across diverse end-use applications and the increasing popularity of sustainable agricultural components particularly insecticides and pesticides.
Increasing need of farm owners or garden owners to protect their plants from unwanted infestations and invasions by insects is fuelling the need for an effective insect repellent option. Researchers and animal healthcare experts are showcasing the need to avoid the disruptive effects of plant infestations on produce or the animal feed.
Imidacloprid is a widely used insecticide that was originally designed to mimic the effect of a much controversial chemical that is nicotine. Nicotine is a common compound naturally found in many varieties of plants including tobacco which is also a commercially popular plant. Nicotine is highly toxic to insects and imidacloprid works similarly on insects, some soil inhabitants, termites, and fleas on pets. The United States is one of the oldest markets of imidacloprid using it on products since 1994.
Imidacloprid is scientifically proven to be a systemic insecticide which means that the insecticide is easily taken up by plants via soil or from leaf surfaces after which imidacloprid is displaced throughout a plant’s stems, fruits, leaves and flowers. Imidacloprid is way more toxic to insects and invertebrates as compared to mammals or birds owing to the ability to bind easier and quicker with the receptors that are only typically found in nerve cells of insects.
These initiatives towards holistic protection of gardens and farms is a viable opportunity likely to fuel optimistic growth for the global imidacloprid market in the coming years. However, certain side effects noticed among farmers upon exposure to imidacloprid such as nausea, skin and eye irritation are some of the deterrents still preventing full-fledged adoption.
The global imidacloprid market players are diversely placed prominently highlighting the significance of geographic placement consisting of local and globally acknowledged market players. The young market entrants and start-up firms in their infancy stage are coming up with promising propositions effectively disrupting the traditional approach on insecticidal techniques. Considering the evolving technologies and methodology upgradation and research along with the robust competition, the global imidacloprid market is expected to gain growth viability.
The major players of the global imidacloprid market are Bayer, Nufarm, Excel Crop Care, Atul, Rallis India, Nanjing Red Sun, Sanonda, Punjab Chemical & Crop Protection, Jiangsu Yangnong, Chemical, Hebei Brilliant Chemical, Hailir Pesticides and Chemicals, Jiangsu Henglong Crop Protection, Anhui Huaxing Chemical, Jiangsu Changlong Chemicals, Jiangsu Luye Agrochemicals, Jiangsu Fengshan Group, Shandong Sino-Agri United Biotechnology, Jiangsu Huangama Agrochemicals, , and Zhejiang Hisun Chemical. The imidacloprid market players encompass a spectrum of well-flourished local players alongside international participants. The recognized market players are approaching new era of product development introducing advanced strategies.
Imidacloprid Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 5.95 billion|
|Growth Rate||CAGR of 7% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Bayer, Nufarm, Excel Crop Care, Atul, Rallis India, Nanjing Red Sun, Sanonda, Punjab Chemical & Crop Protection, Jiangsu Yangnong, Chemical, Hebei Brilliant Chemical, Hailir Pesticides and Chemicals, Jiangsu Henglong Crop Protection, Anhui Huaxing Chemical, Jiangsu Changlong Chemicals, Jiangsu Luye Agrochemicals, Jiangsu Fengshan Group, Shandong Sino-Agri United Biotechnology, Jiangsu Huangama Agrochemicals, , and Zhejiang Hisun Chemical|
Key Segments of the Global Imidacloprid Market
Type Overview, 2018-2028 (USD Billion)
- Seed Pelleting
- Liquid Formulations
Application Overview, 2018-2028 (USD Billion)
- Trees, Gardens and Lawns
- Animal Healthcare
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
Reasons for the study
- The fundamental purpose of the study is to deliver an all-inclusive analysis of the global imidacloprid market imparting crucial insights and actionable repertoire of data allowing you to benchmark against the market
- Allow you to sustain in the competitive environment accelerated by the innovations by key players to expand the opportunistic landscape of the market
What does the report include?
- The study report on the global imidacloprid market encompasses major qualitative factors including the driving factors, restrains, challenges and opportunities along with other key deliverables
- The study covers a thorough analysis of the competitive ecosystem highlighting the significant role of existing as well as prospective players in enhancing the global imidacloprid market growth
- The research study also incorporates a precises analysis backed by evidential facts offering qualitative and quantitative analysis of the various segments derived by market compartmentalization based on type, applications, and regions.
- Actual market sizes and share for each of the mentioned segment has been accurately estimated and provided
Who should buy this report?
- The report on the global imidacloprid market provides a suitable archive market analysis and insights for all the companies and market participant within the imidacloprid market including the producers, providers as well as customers
- Investors, consulting companies and venture capitalists looking for accurate information of the future outlook of the global imidacloprid market
- Research organizations, government regulatory bodies and private researchers seeking valuable insights shaping the global imidacloprid
Escalating technological development and modernization of assisted research and development technologies are expected to boost the growth of the global imidacloprid market. The increasing demand from end-users is considered to accelerate the demand for this particular class of insecticide over the forecast period. Increasing agriculture infrastructure along with substantial surge in the research and development activities and innovative projects to advance the crop protection techniques implemented so far are some of the core factors driving the growth of the global imidacloprid market throughout the forecast period.
In addition, government participation has amplified in the recent decade encouraging development of highly advanced and effective insecticides capable of catering to the massive needs of crop produce. However, the concerns associated with imidacloprid particularly regarding the health of animals or humans that consume the treated plants is considered to hinder the growth of the global imidacloprid market. Next-generation technologies supporting high-end research is anticipated to overcome the existing challenges of the imidacloprid market over the forecast period.
Liquid formulations of imidacloprid are popularly used with a combination of multiple compounds based on the use. Imidacloprid is used as a component of formulations used to treat fleas on pets. Granular and seed pelleting is widely used in crops and across agricultural application to prevent insect infestations and disruption of massive amounts of crop produce.
In terms of applications, the market is fragmented into crops, animal healthcare, trees, lawns, and gardens. Increasing utilisation of the imidacloprid in private as well as public gardens and lawns is expected to contribute to a rise in the demand for the insecticide over the forecast tenure. Animal healthcare products also contain limited amounts of imidacloprid thus boosting the demand for the compound and accelerating the growth of the segment over the forecast period. Research and development projects across agriculture are anticipated to result in a sustainable rise in growth of the seed pelleting segment.
The global imidacloprid market displays geographic placement of major players across the regions of North America, Europe, Asia Pacific followed by assessment of the countries across Middle East & Africa and South America. Asia Pacific has the strongest market competition sub-segmented on a country level with economies like China registering massive imidacloprid production capacities as the country houses some of the largest players driving the growth of the global imidacloprid market over the forecast years.
North America is a prominent marketspace with an ideal opportunistic landscape across United States and Canada owing to the favorable regulations. The United States alone has a market sale consisting of 400 imidacloprid products. However, the imidacloprid market growth across Europe is expected to be stringent owing to the restricted use of imidacloprid which prohibits the use of the neonicotinoid in flowering crops.