Product Code: ETC025849 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Insecticides Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 7.83% in 2025, the market peaks at 12.56% in 2028, and settles at 11.67% by 2029.
By 2027, the Insecticides market in Philippines is anticipated to reach a growth rate of 11.63%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The insecticide industry in the Philippines is an important economic sector due to its wide range of applications and products, such as chemical sprays, dusts, baits and granules. The market size for insecticides in the Philippines was estimated at US$ 111 million in 2018. It is expected to witness a CAGR of 5.4% during 2025-2031
Growing urbanization has also increased awareness about personal sanitation that further increases demand for different types of insecticides products across all regions in the Philippines. Additionally, increasing demand from commercial crops such as sugarcane, corn and banana plantations are some factors driving growth in the market. Further, rising consciousness about hygiene among consumers has led them to use more insecticides for pest control which further boosts the market growth.
Growing population and agricultural activities have resulted into an increasing need for food security which drives up usage of agrochemicals including fungicide & herbicide , resulting into higher sales volume over time. Additionally, government initiatives like providing subsidies on agriculture inputs , credit availability etc., serve as major drivers aiding revenue generation from this domain. Further, an expansion strategies adopted by leading players through product launches or acquisitions helps them maintain their foothold amidst fierce competition scenario.
High cost associated with these chemicals due to several taxes levied on them proves to be a hindrance towards achieving substantial profits by manufacturers operating within this field
Leading players dominating Philippine???s Insecticides Industry include BASF SE , Bayer AG Syngenta AG UPL Limited (UPL India Ltd.) Makhteshim Agan Industries ltd FMC Corporation Nufarm Limited Sumitomo Chemical Co.,Ltd DowDuPont Inc Adama Agricultural Solutions Ltd DuPont de Nemours Inc..
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Insecticides Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Insecticides Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Insecticides Market - Industry Life Cycle |
3.4 Philippines Insecticides Market - Porter's Five Forces |
3.5 Philippines Insecticides Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
3.6 Philippines Insecticides Market Revenues & Volume Share, By Formulation, 2021 & 2031F |
3.7 Philippines Insecticides Market Revenues & Volume Share, By Forms, 2021 & 2031F |
4 Philippines Insecticides Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Insecticides Market Trends |
6 Philippines Insecticides Market, By Types |
6.1 Philippines Insecticides Market, By Crop Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Insecticides Market Revenues & Volume, By Crop Type, 2021-2031F |
6.1.3 Philippines Insecticides Market Revenues & Volume, By Cereals & grains, 2021-2031F |
6.1.4 Philippines Insecticides Market Revenues & Volume, By Oilseeds & pulses, 2021-2031F |
6.1.5 Philippines Insecticides Market Revenues & Volume, By Fruits & vegetables, 2021-2031F |
6.1.6 Philippines Insecticides Market Revenues & Volume, By Other crop types, 2021-2031F |
6.2 Philippines Insecticides Market, By Formulation |
6.2.1 Overview and Analysis |
6.2.2 Philippines Insecticides Market Revenues & Volume, By Wettable powder, 2021-2031F |
6.2.3 Philippines Insecticides Market Revenues & Volume, By Emulsifiable concentrate, 2021-2031F |
6.2.4 Philippines Insecticides Market Revenues & Volume, By Suspension concentrate, 2021-2031F |
6.2.5 Philippines Insecticides Market Revenues & Volume, By Oil emulsion in water, 2021-2031F |
6.2.6 Philippines Insecticides Market Revenues & Volume, By Microencapsulated suspension, 2021-2031F |
6.2.7 Philippines Insecticides Market Revenues & Volume, By Granules, 2021-2031F |
6.3 Philippines Insecticides Market, By Forms |
6.3.1 Overview and Analysis |
6.3.2 Philippines Insecticides Market Revenues & Volume, By Sprays, 2021-2031F |
6.3.3 Philippines Insecticides Market Revenues & Volume, By Baits, 2021-2031F |
6.3.4 Philippines Insecticides Market Revenues & Volume, By Strips, 2021-2031F |
7 Philippines Insecticides Market Import-Export Trade Statistics |
7.1 Philippines Insecticides Market Export to Major Countries |
7.2 Philippines Insecticides Market Imports from Major Countries |
8 Philippines Insecticides Market Key Performance Indicators |
9 Philippines Insecticides Market - Opportunity Assessment |
9.1 Philippines Insecticides Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
9.2 Philippines Insecticides Market Opportunity Assessment, By Formulation, 2021 & 2031F |
9.3 Philippines Insecticides Market Opportunity Assessment, By Forms, 2021 & 2031F |
10 Philippines Insecticides Market - Competitive Landscape |
10.1 Philippines Insecticides Market Revenue Share, By Companies, 2024 |
10.2 Philippines Insecticides Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |