Demand for insecticide active ingredients is projected to increase 2.6% a year to $910 million in 2020. Volume is expected to stay flat at 57 million pounds over the same period. Even faster growth for insecticides is limited by a number of factors. The market continues to be dominated by a small handful of products, and the deregulation and introduction of new insecticides has been slow and limited. The increases in practices like integrated pest management have hampered growth in the insecticide market, and the continued success of bioinsecticides and genetically modified plants has limited the need for conventional insecticides.
Another matter impacting insecticide demand is the continued trend toward formulations with lower levels of active ingredient. This trend has resulted from several factors, including the introduction of more potent active ingredients, improved adjuvants, and concerns regarding the high levels of pesticide residues being released into the environment.