Growing investments of insecticide producers to enhance the efficiency and sustainability of the product is considered to offer lucrative opportunities for the growth of the global imidacloprid market
The extensive growth in the demand for high-quality insecticides and pesticides is fuelling massive production rates in the future thus resulting in exponential growth milestones. Increasing awareness and need for bio-insecticides and pesticides coupled with the ability to produce on a large scale are favourable factors propelling the global imidacloprid market growth. Imidacloprid is a systemic insecticide similar to that of nicotine which is a well-known compound which is highly toxic to insects. The overall market size of global imidacloprid market is likely to hit USD 5.95 billion by 2028 advancing at a steady CAGR valuation of 7%
Imidacloprid effectively disrupts the nerve cell abilities of insects such as termites, certain class of soil insects as well as fleas that live on skin surface of pets. Plants take up the insecticide either from soil or from leaves depending on mode of application and from there travels throughout the stems, fruits, flowers and leaves of the plants. Imidacloprid varies in terms of range of toxicity with invertebrates and insects at the top of the pyramid with highest toxicity.
The future growth trajectory of the global imidacloprid market is compiled with the current market growth scales and patterns outlining the key traits and market competitiveness. Crucial factors responsible for the growth trajectory of the global imidacloprid market along with upcoming opportunities are recorded in the study. Factors such as rapidly accelerating need for cost-effective, high-quality, and sustainable insecticides across household as well as agricultural applications are expected to drive the imidacloprid market throughout the forecast years.
Increasing private and public investments in the agriculture-based research and development activities is offering ideal exposure for the global imidacloprid market with optimum opportunities encouraged by technological developments and advancements. Favorable government regulations coupled with strengthening infrastructure of the insecticide industry is anticipated to fuel the imidacloprid market growth.
Adroit Market Research report on the global imidacloprid market provides a thorough overview of the market delivering market analysis and insights of the industry from 2018 to 2028 covering historic years, base estimation year and forecast years. The historic market analysis is covered from 2018 to 2020 and the base year of research is considered to be 2020, while the future forecast is assessed from 2021 to 2028. The report study provides conclusive analysis including present market scenario and current market dynamics along with future traits of the market at global as well as local levels. In addition, the study further conducts thorough evaluation with a Porter’s five forces analysis and positions the top key players of the market based on the strategic initiatives, product portfolio, and revenue generation and consumption. Prominent market players spearheading the global imidacloprid market have been studied in-depth.
The imidacloprid market possesses a robust competition amongst the well-known firmly established players along with the young market entrants. The imidacloprid industry players are approaching potential markets acquiring a lead in the competitive environment against other industry players by forming mergers and acquisitions, partnerships with other major market players and acquiring young start-ups to expand the business presence.
Based on the type Segment, the market is split into granular imidacloprid, liquid formulations, and seed pelleting. Imidacloprid is highly predominant compound used as a part of mixed formulations accompanying other compounds particularly in liquid formulations. The liquid formulation segment is expected to grow substantially over the forecast years owing to ease of use and absorption, while the seed pelleting and granular segments are also estimated to grow considerably.
Asia Pacific is anticipated to grow considerably over the forecast years owing to the developing economies such as India and China advancing the technological developments in the insecticide industry. prominent large-scale producers of imidacloprid are firmly placed in the mentioned regions.
Improved infrastructure coupled with mass production of imidacloprid is estimated to boost the growth of the global imidacloprid market over the forecast years. North America is also considered to witness substantial growth over the forecast tenure owing to the increasing demand of imidacloprid as a part of multiple products. United States popularly registers a sale of huge quantities of imidacloprid containing products.
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 global imidacloprid market comprises of well-established market players locally placed alongside global players. Prominent players of the global imidacloprid market are introducing advanced techniques and sustainable approaches on product development.
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