Malathion Market

Global Malathion Market Size (2024 to 2029)

malathion market is expected to be worth USD 266.19 million in 2024 and to reach USD 352.88 billion by 2029, with a CAGR of 5.8 % during the forecast period 2024-2029.

Malathion, also known as carbophos in the USSR, mercaptothion in South Africa, and maldison in New Zealand and Australia, is an organophosphate insecticide artificially produced and used for eradicating insects that plague the environment and crops. Insects like mosquitoes and pests that attack fruits and vegetables, like aphids, crickets, locusts, brown bean bugs, etc., are targeted through this chemical to prevent them from spoiling the harvest. Malathion Market works by acting as an inhibitor to acetylcholinesterase, an enzyme that catalyzes the separation process of acetylcholine into choline and acetate, thus preventing it from working as a neurotransmitter. The chemicals stop the functions of the neurons leading to the accumulation of acetylcholine at synapses sending the body into a paralysis state and eventually leading to death.

Global Malathion Market Drivers:

The multiple applications of Malathion in various industries are a prime reason for the market growth. Malathinion has applications in the agriculture industry and is also heavily used for medical purposes, disinfection, disease spread prevention in public restrooms, pavements, etc. Malathion is extensively used as an everyday agent to prevent and eradicate diseases like malaria, dengue, and cholera by preventing the spread of mosquitoes. It has previously been mixed with corn syrup and used to prevent the spread of the west nile virus and Mediterranean fruit fly. Medically Malathion is used to prevent head and body lice and is effective for scabies. Malathion Market is used in private or public gardens, Residential landscapes, pest control, etc. Malathion is also used for bedbug control and prevention. The approvals by governments and several programs for using Malathion support the market's growth. For example, the U.S. government registered Malathion in 1956, the USADs Cotton Boll Weevil Eradication Program was launched in 1978, and Fruit Fly (Medfly) Control Program was launched in 1997. The long-established and continuing of these programs support the growth of the market. Additionally, several governments' continuing amendments for the use of Malathion support market growth. For example, in 2022, the Australian pesticide and veterinary medicines authority (APVMA) proposed a reconsideration appeal for the use of Malathion in the fields and has requested to enable the use of the pesticide in domestic, agricultural, and veterinary solutions.

Malathion Market is also used for veterinary purposes as it is used to kill ticks and mites on animals. Using it for vector control also supports the market's growth. The WHO conducted a meeting in Geneva in 2016 to discuss the uses of Malathion and its effectiveness in vector control among experts. The discussion results showed that both MALATHION UL 1186 g/L, used chiefly for inside purposes, and MALATHION EW 440 G/L, used explicitly for outside spraying, are safe to use if the guidelines of safety, protection, and quantity used, are strictly adhered with. It is necessary to use complete coverage and apt gloves for protection along with following WHO guidelines, and Malathion is not expected to cause any harm in this case scenario.

Global Malathion Market Restraints:

However, exposure to high amounts of Malathion could result in side effects like headaches, nausea, dizziness, blurred vision, sweating, arrhythmia, diarrhea, cramps, etc. Additionally, the ingestion of Malathion into the skin is suspected of having carcinogenic effects, even though this theory needs solid scientific grounds to be proven. Furthermore, the several restrictions and strict approval procedures on using Malathion to ensure public safety may lead to market restraint. Finally, Malathion Market is also suspected of having several adverse effects on aqua life, leading to drawbacks for the market.

Impact of covid-19 on the malathion market:

Covid-19 severely impacted the global economy due to the restrictions on the production and supply of goods, leading to losses for several industries. The pandemic had a mixed impact on the malathion market, as the use of Malathion to disinfect public spaces and private properties increased. Still, the production and purchase of Malathion became extremely difficult for consumers. Additionally, the use of Malathion for agriculture was temporarily halted as all agricultural activities were put on hold due to lockdowns leading to losses for the market. However, the impact of Malathion on different regions of the world varied quite highly, and key players had to develop strategies for various regions to counter the drawbacks.

REPORT COVERAGE: 

This research report on the Global Malathion Market has been segmented and sub-segmented based on product, application, & region.   

Global Malathion Market - By Product:

•     Powder
•     Emulsions
•     Liquid
•     Others

The powder segment is expected to dominate the market during the forecast period as it is the most common form of use for it. The powder is customized and used according to the consumer's wishes. It can be dissolved in water, used as a solution, or directly sprinkled across surfaces.

The liquid form is also quite popular as the agriculture industry primarily uses sprinklers to spread the Malathion via sprinklers to spread it through the field effectively. However, the emulsions are also used for fogging in areas to kill mosquitoes leading to segment growth.

Global Malathion Market - By Application:

•    Residential
•    Agriculture
•    Others

The Agricultural segment is expected to dominate the market during the forecast period due to the heavy use of pesticides in the crops to prevent insect infestation in fruits and vegetables and save the harvest.

However, the residential segment is also expected to incur revenue as the use of Malathion to disinfect and kill harmful mosquitoes that cause multiple diseases increases.

Global Malathion Market - By Region:  

•     North America
•     Europe
•     Asia-Pacific
•     Latin America
•     MEA

The Asia-Pacific region is expected to dominate the market during the forecast period due to the Region's heavy presence of key market players. Asia-Pacific countries are the cultivators of the world and have sizeable agricultural industries as they produce and supply various crops across the world. Countries like India, China, Indonesia, Vietnam, Kazakhstan, Thailand, Iran, Philippines, etc., are significant organic farming countries leading to more production and demand for the market in the Region. Additionally, the large populations in Asian countries lead to the need for fast and good quality produce, resulting in dependency on several insecticides and pesticides for a complete harvest. Additionally, the recent advancement of several Asian agrochemical industries into other continents for business outsourcing supports market growth.

The market in Europe and North America is also expected to have sizable growth during the forecast period due to the growing efforts to develop the agricultural industries in the regions and the increasing support from government organizations on using it for various purposes. Additionally, the heavy use of Malathion for mosquito killing and as a disinfectant in countries like the U.K., France, Garmany, the U.S., and Canada supports the market growth in the Region.

KEY MARKET PLAYERS:

Key Market players of Global Malathion Market are Akzonobel N.V.,  Dow Agrosciences Llc, Suven Life Sciences, Paramount Pesticides Ltd, Huludao Lingyun Group,Xinyi Taisong Chemical,Sinochem, Biostadt, Coromandel,Shivalik Rasayan Ltd.

RECENT HAPPENINGS IN THE MARKET:

• In November 2022, The government of St.Vincent placed a ban on the importation of Malathion as it was found that even though fogging through Malathion is very effective in eradicating mosquitoes, the government is looking for alternatives as Malathion was found to be extremely dangerous for bees. The killing of bees led to threatening pollination and the production of food. The government aims to create a cleaner and safer environment with this decision.
• In October 2022, Safex chemicals acquired Briar chemicals and entered the U.K. pesticide market. The Indian company has gained the acquisition for GBP 73 million and is now the complete owner of Briar chemicals. Briar is a leading CDMO service provider in the chemical industry, and the company is expecting significant revenue from the project. As a result, Safex is aiming to become a leading player in the agrochemical industry by 2026.
•  In November 2022, GSP crop science received the approval of the Delhi (capital of India) high court to manufacture and sell Chlorantraniliprole (CTPR). GSP crop science is a leading agrochemical industry worldwide. The case was initially opened due to a lawsuit filed by FMC Corporation USA, which faced an RD.200,00 fine for an attempt to monopolize the insecticide and for false accusations.
• In October 2022, HIL registered the highest production of Malathion at 530.10 MT within the technical quarters of 2020-2021. HIL is a PSU under the Indian ministry of chemicals and fertilizers and belongs to the chemicals and petrochemicals manufacturers department. Despite the restrictions due to covid, the company had reported the most manufacturing of Malathion and registered the most sales for the pesticide.