Insecticide Aerosol Market Size, Share & Trends: Report

Posted 2024-01-15 09:14:49

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Over the years, farmers and researchers particularly dedicated to the field of agriculture have realised the importance of agrochemicals in improving the crop productivity. Insecticide aerosol is therefore, one such innovation in this regard. The application of insecticide aerosols has revolutionized the way certain agricultural practices were undertaken. The major characteristic of insecticide aerosols, which is grabbing the eyeballs of many, is their faster onset of action than any other agrochemical.

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.

Key Pointers Covered in the Insecticide Aerosol Market Industry Trends and Forecast to 2029