Carbamate Insecticides Market - Forecast (2022 - 2027)

The Carbamate Insecticides Market size is forecast to reach $XX.X billion by 2027, after growing at a CAGR of 4.6% during 2022-2027. The global demand for carbamate insecticides is projected to increase crop consumption growth and increase awareness among crop farmers and other end-users in order to save their plant production and the environment from these harmful insects. During the forecast era, the main factors that are expected to drive the Insecticides Market are; falling in per capita arable land, growing crop losses due to insect attacks, and innovation in agricultural practices and techniques. Increasing global exports and increasing instances of crop losses due to insect infestation are also contributing to an expanded worldwide demand for insecticides.

Carbamate Insecticides Market Report Coverage

The report “Carbamate Insecticides Market- Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Carbamate Insecticides Market.

• By Type: Aldicarb, Oxamyl, Carbaryl, Methiocarb, Carbofuran, Methomyl, Thiodicarb and Others.
• By Application: Agriculture, Forests, Building & Construction and Others.
• By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

• Carbamate insecticides, which are used for insect killing or control, are made from carbamic acid. In the way they function and in their toxic effects, there are several varieties of carbamates, each distinct. Carbamates break down within weeks or months in the atmosphere.
• Product toxicity issues over the use of carbamate insecticides are likely to serve as a limiting force in the development of these goods on the market.
• One of the main macro factors driving demand for carbamate insecticides has been increasing food supply, leading to a rising population worldwide.
• Nevertheless, owing to the COVID-19 pandemic, the end-use sectors are greatly impacted, as most countries have given "stay at home guidance," i.e. lockout. This aspect, in the current scenario, restricts the growth of the industry.

Carbamate Insecticides Market Segment Analysis - By Type

Aldicarb segment has dominated the market for Carbamate Insecticides Market in 2019. Aldicarb is an insecticide with carbamate, which is the active substance of the pesticide. It is effective, but mainly used as a nematicide, against thrips, aphids, spider mites, lygus, flea hoppers, and leaf miners. Aldicarb is one of the most commonly used, and perhaps one of the most environmentally toxic, pesticides worldwide. The poisoning of Aldicarb from the drainage of agricultural water has contributed to the degradation of balanced habitats and the permanent poisoning of productive farmland. In populations situated across the Aral Sea, poisoning from this chemical is also thought to be related to elevated cancer rates. Where resistance to organophosphate insecticides has grown, Aldicarb is successful and is highly important in the development of potatoes, where it is used to combat soil-borne nematodes and certain foliar pests. In some places where the water table is low to the surface, its high degree of solubility limits its application.

Carbamate Insecticides Market Segment Analysis - By Application

The agriculture sector has dominated the market for Carbamate Insecticides Market in 2019, by growing at a CAGR of XX%. The recent fluctuations in the price of agricultural commodities, combined with global population growth estimates, raises questions about the potential of global agricultural supply to satisfy future demand. The prospects for future agricultural development would likely be impacted by a variety of factors. They involve drivers of demand, such as population and per capita income differences, as well as drivers of supply, such as shifts in agricultural productivity. The population of the planet is expected to increase from 7 billion to around 9 billion by 2050, and per capita income is projected to grow in almost all regions of the world. In recent decades, agricultural production has increased rapidly, but prospects for future growth remain unclear, especially in light of climate change. Increased levels of carbamate insecticides are being used by farmers to grow more crops and raise their incomes. This is stimulating the development of the carbamate insecticide market.

Carbamate Insecticides Market Segment Analysis - By Geography

APAC dominated the Carbamate Insecticides Market share with more than XX%, followed by Europe and North America. The major factors leading to rising sales of carbamate insecticides in this area are agricultural expansion for livelihood protection in countries such as China and India. The emerging economy in the region and contradictory pesticide use laws across countries are the key factors leading to the exponential growth of the demand for carbamate insecticides in the Asia-Pacific region relative to other regions. Asia Pacific has broad variations in climate and a high degree of diversity of plants. The use of carbamate insecticides is now common throughout the country. Factors contributing to the growth of this market are the growing awareness of carbamate insecticides and continuous technical developments. In addition, increasing crop production and growing agriculture in the Asia Pacific countries have pushed agribusiness firms to increase their region's producer and manufacturing base.

Carbamate Insecticides Market Drivers

Increasing demand

It is anticipated that rising customer anxiety about the use of agrochemicals to protect crops from insect infestation and pest infestation would drive the global demand for carbamate insecticides. Furthermore, increasing populations and diminishing arable land involve the use of insecticides to prevent food crops from being spoiled. New bio-based forms of carbamate insecticides are projected to be added to the market over the coming years through intense R&D. This in turn, is projected to create important areas of demand for market growth in carbamate insecticides over the forecast period.

Increasing regulations to ban the use of harmful synthetic chemicals for crop protection

The World Health Organisation (WHO) and the U.S. are regulatory bodies including an attempt to mitigate environmental impact, the Environment Protection Agency (EPA) has introduced strict rules to limit the use of pesticides. Such groups also work to raise understanding about the use of synthetic chemicals for consumers.

Carbamate Insecticides Market Challenges

Covid-19 outbreak

The impact of COVID-19 and the oil prices war is proving to be a two-pronged crisis for oil, gas, and chemicals companies. Oil prices are dropping due to failed agreements on production cuts and the need for chemicals and refined products are slowing from industrial slow-downs and travel restrictions in the wake of this global pandemic. Because of the effects of the COVID-19 coronavirus, global chemical production declined by 3.1 percent in March 2020. Although chemical production increased in some categories in January 2020 as compared to December 2019, production in February compared to January and in March compared to February declined in every category. Leading manufacturers are reducing capital and operational expenditure in the face of the crisis. Manufacturing operations for these companies have been scaled down to 40%-60% capacity due to labor shortages and disruptions in the supply of raw material. Despite of hike in investment the growth can be impacted by the COVID-19 pandemic crisis till the end of the year 2020. Moreover, the COVID-19 pandemic has further deteriorated the industry which is affected the Carbamate Insecticides Market.

Need for proper knowledge of agricultural techniques and practices

Most agricultural practices take place in rural areas, where even wealthy farmers lack the expertise required to adopt sophisticated biological practices and often lack the resources and facilities necessary for such practices from the government; most of them have little or limited agricultural education and either merely follow conventional methods or mimic those practiced in developing countries.

Carbamate Insecticides Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Carbamate Insecticides Market. In 2019, the market of Carbamate Insecticides has been consolidated by the top five players accounting for xx% of the share. Major players in the Carbamate Insecticides Market are Bayer AG, DuPont, Syngenta, BASF, Fine Holdings Ltd, Drexel Chemical Co, FMC Corp, Dow Chemical Co, Agrium Inc, Gowan Co LLC, Monsanto Co, Lebanon Seaboard Corp, Mitsui & Co Ltd, Valent USA Corp, Winfield Solutions LLC, Sumimoto Chemical Co Ltd and Nufarm Ltd etc., and among others.


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