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Follow on Google News | Global Insecticides Market is expected to grow to $16.7 Billion by 2020 - Allied Market ResearchTo View the report, visit the website at: http://www.alliedmarketresearch.com/ In terms of value, ‘Organophosphate’ Cereals & Grains is the principal crop type category, which leads in insecticide consumption (both in terms of value and volume) through 2020. Geographically, Asia-Pacific is the dominant market with nearly 40% market share, as cereals and grains' production is significantly high in countries such as China and India. In Latin American countries, usage of insecticide is high in fruits and vegetables' cultivation, placing the region as second largest contributor, with an approximate 30% market share in terms of volume. Key findings of the study: Sale of Organophosphate insecticide is expected to dominate the global insecticides market during the forecast period In terms of volume, organophosphate segment is expected to grow at a CAGR of 5.3% during the forecast period, highest among all Asia-Pacific would be one of the leading markets, both in terms of market size and growth rate. Asia-Pacific would reach $7.2 billion by 2020, with a CAGR of 4.5% India holds the largest market share in Asia-Pacific region and would generate more than 50% of the revenue through 2020 Companies operating in this market focus on product launches as part of their growth strategy; for instance, in the U.S., DOW Agroscience and Bayer Cropscience launched new insecticides, namely, Sequoia, Closerand Sivanto. Key companies profiled in the report are BASF, Bayer AG, DOW Agriscience LLC, Syngenta AG, Cheminova A/S, FMC Corporation, Adama Agricultural Solutions Ltd, Nufarm Ltd, E.I Du Pont de Numerous and Company and Monsanto. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Direct: +1-(503)-505- Toll Free: +1-(855)-711- Fax: +1-(855)-550- Email: query@alliedmarketresearch.com End
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