Organophosphate Pesticides Market

Organophosphate Pesticides Market Size & Growth (2022 - 2027):

Organophosphate Pesticides Market Size was worth USD 7.28 Billion in 2021 and estimated to be growing at a CAGR of 5.27%, to reach USD 9.41 billion by 2026.

Organophosphate Pesticides are one of the most commonly used groups of pesticides. In terms of significance, Organophosphate insecticides hold approximately 30% of the market share in the global insecticides market by type. Organophosphate pesticides are used for various crop types such as oilseeds, fruits & vegetables, grains & cereals. The organophosphate substances operate by hindering the enzyme acetylcholinesterase, which in turn causes nervous and respiratory damages leading to the pest’s death. These pesticides are also comparatively low priced and extensively applicable.

Drivers & Restraints of the Organophosphate Pesticides Market:

The growth of the Global Organophosphate Pesticides market is majorly driven by factors such as a wide range of pest control applications of organophosphate pesticides, lower prices, and easy availability. Another major factor driving the market is the globally increasing population, which leads to the need for an increase in crop yield. However, safer alternatives, volatile economies, and various environmental and health hazards linked with the chemicals from these pesticides are the major restraining factors for the market.

REPORT COVERAGE:

The Organophosphate Pesticides Market is segmented and sub-segmented into the following categories:

Organophosphate Pesticides Market - By Ingredients:

• Malathion
• Diazinon
• Glyphosate
• Methamidophos
• Dimethoate
• Chloropyriphos
• Parathion
• Other Organophosphates

Organophosphate Pesticides Market - By Type:

• Herbicide
• Fungicide
• Insecticide
• Others

Organophosphate Pesticides Market - By Crop Based:

• Oilseeds
• Fruits & Vegetables
• Grains & Cereals
• Non-Crop
• Turf & Ornamental Grass and others

The Market is geographically divided into:

• North America

• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa
• Rest of the World

The Asia Pacific has been leading the global Organophosphate Pesticides market and this trend is projected to stay in the near future. North America is the second major consumer of Organophosphate Pesticides, followed by Europe. Demand for Organophosphate Pesticides in North America and Europe is expected to grow at a slow rate largely owing to resilient government control, due to the dangerous effects of chemicals on humans and the environment. The growing demand for Organophosphate Pesticides in South America is anticipated to offer huge growth prospects for the market.

Key Players: 

• Monsanto
• DOW Agriscience LLC
• Bayer CropScience
• Syngenta AG
• BASF
• Dupont
• American Vanguard Corp
• FMC Corporation
• Adama Agricultural Solutions Ltd
• Nufarm