The Europe Organophosphate Pesticides Market was worth USD 1.61 billion in 2021 and estimated to be growing at a CAGR of 5.36%, to reach USD 2.09 billion by 2026.
Organophosphate Pesticides are one of the most regularly used groups of pesticides.Organophosphates are the basis of many insecticides, herbicides, and pesticides. The organophosphate substances function by thwarting the enzyme acetyl cholinesterase, which in turn triggers nervous and respiratory damages leading to the pest’s death. Organophosphates are comprehensively used due to their multi-faceted purpose as fumigant, systemic or contact insecticide.
Drivers and Restraints of Europe Organophosphate Pesticides Market:
The growth of the Europe Organophosphate Pesticides market is majorly driven by factors such as high performance of organophosphates, lower price, and easy availability. However, issues such as strict regulatory structures in the EU, toxicity of these substances towards environment and high research and development costs are the major restraints for the market growth in this region.
Europe Organophosphate Pesticides Market - By Ingredients:
Europe Organophosphate Pesticides Market - By Type:
Europe Organophosphate Pesticides Market - By Application:
The Market is Geographically divided into:
The market in this region is expected to grow at a slow rate largely owing to resilient government control, due to the dangerous effects of chemicals over humans and environment. However, widespread research & expansion activities by all major companies to grow more effective and eco-friendly Organophosphate Pesticides is a major factor driving the market growth in this region.
Accounting for approximately 30% of the pesticides market share, the Organophosphate Pesticides market draws great deal of financing from agricultural input companies.
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