The global organophosphate insecticides market size is anticipated to expand at a CAGR of 1.4% during the forecast period, 2021 – 2028. The growth of the market is attributed increasing food demand and rising requirement for products to improve agricultural productivity.
Pesticides are chemicals that control a variety of pests that damage crops and reduce farm productivity. Organophosphate pesticides inhibit acetylcholinesterase, which is essential for normal functions of insects. Organophosphate works by disrupting the enzyme acetylcholinesterase. Acetylcholinesterase break down the acetylcholine neurotransmitter and kills the insects. Organophosphate compounds are a group of pesticides that includes some of the most toxic chemicals used in agriculture. These compounds are most widely used pesticides and their metabolites are used across different region.
Organophosphate pesticides degrade rapidly by hydrolysis on exposure to sunlight, air, and soil. Small amounts can be detected in food and drinking water. Organophosphates contaminate drinking water by moving through the soil to the ground water. The time pesticide degrades, it is broken down into several chemicals. Organophosphates degrade faster than the organochlorides.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing adoption of agrochemicals is anticipated to drive the market growth.
- Rising crop losses due to insect attacks and advancement in farming practices & techniques are expected to positively impact the organophosphate insecticides market.
- Low cost of organophosphate insecticides with required results is speculated to boost the organophosphate insecticides market.
- Stringent regulations about the utility & distribution of organophosphate insecticides can restraint the growth of market.
- Eco-friendly substitutes of organophosphate insecticides can hamper the market growth.
- Ongoing developments in organophosphate pesticides can create lucrative opportunities for industry players during the forecast period.
Scope of the Report
The report on the global organophosphate insecticides market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Organophosphate insecticides market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Active Ingredients (Parathion, Malathion, Chloropyriphos, Diazinon, Dimethoate, Glyphosate, Methamidophos, and Others) and Applications (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, And Others)
North America, Latin America, Europe, Asia Pacific and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
FMC Corporation, Syngenta AG, Bayer CropScience AG, ADAMA Agriculture Solutions Ltd, and Valent USA LLC.
Global Organophosphate Insecticides Market Segment Insights
Parathion segment to account a considerable market share
Based on active ingredients, the market is divided into parathion, malathion, chloropyriphos, diazinon, dimethoate, glyphosate, methamidophos, and others. The parathion segment is anticipated to account for a considerable market owing to its stability in aqueous solutions and its broad range of insecticidal activities. Increasing applications of parathion is expected to drive the market growth. The malathion segment is expected to grow at a healthy rate during the forecast period. This active ingredient is used to control outdoor insects in both residential and in agriculture. Rising use of malathion in preparation of pest control is anticipated to positively impact the market segment growth.
Grains and cereals segment to account a major market share
Based on applications, the global organophosphate insecticides market is segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and others. The grains and cereals segment is anticipated to account for a major market share owing to the increasing cereal production and consumption. Producers are focusing on improving their yield and quality by using effective insecticides. Moreover, rising use of cereals and grains in due to rich vitamins has increased their consumption among livestock.
Asia Pacific to dominate the market
In terms of regions, the global organophosphate insecticides market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market owing to increasing demand for affordable and efficient insecticides. Rising residential and industrial area and decreasing arable land have raised the demand for crop protective products, which are expected to boost the market growth in the region.
Segments Covered in the Report
The market global organophosphate insecticides has been segmented on the basis of
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FMC Corporation
- Syngenta AG
- Bayer CropScience AG
- ADAMA Agriculture Solutions Ltd
- Valent USA LLC
Key players operating in the global organophosphate insecticides market includes FMC Corporation, Syngenta AG, Bayer CropScience AG, ADAMA Agriculture Solutions Ltd, and Valent USA LLC.