The organophosphate insecticides market is expected to witness a CAGR of 5.2% over the forecast period (2018 – 2023). Like other agricultural inputs market, this market is driven by the need to increase crop yield and efficiency to cater to the growing food demand.
Organophosphate insecticides are used in agriculture, home, and garden, and also in a variety of veterinary practices. However, over the past few years, several notable organophosphates (Ops) have been withdrawn from use, including parathion which is no longer registered for any use, and chlorpyrifos, which is no longer registered for home-use in the US.
Regulatory and Environmental Concerns are a Restraint to the Market
Owing to high toxicity, fast biodegradation, low bioaccumulation, and broad target spectrum the organophosphorus pesticides are extensively used in agriculture. However, their intensive and indiscriminate applications, as well as high acute toxicity, pose risks to humans and the environment. The organophosphate compounds are most commonly associated with serious human toxicity, accounting for more than 80% of the pesticide-related hospitalizations.
Asia-Pacific is one of the Largest Markets
Asia-Pacific accounts for more than 40% of the global market share, followed by North America and Europe. The rising disposable incomes, population, and food security concerns have made Asia-Pacific the region with maximum growth potential. The emerging economies of China, India, Vietnam, and Thailand are the major consumers of organophosphate insecticides for application in various cereal & grain crops.
Major Players: Bayer CropScience, BASF SE, Dow AgroSciences, Sumitomo Chemical, Monsanto Company, Arysta LifeScience, Yara International, United Phosphorus Limited, and ADAMA Agricultural Solutions, among others.
Reasons to Purchase the Report
- Identify the dominating and the fastest growing regions in the global organophosphate insecticides market and their growth trends during the forecast period
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- To understand the regions that are expected to witness the fastest growth during the forecast period.
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope & Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1.1 Increased Pest Incidences
3.1.2 Shrinking Farmland
3.1.3 Rising Food Productivity Issues
3.1.4 Increased Usage in Fumigation
3.2.1 Acute Toxicities Associated with Use
3.2.2 Increased Number of Banned Products
3.3 Indusrty Analysis - Porter’s Five Forces Analysis
3.3.1 Bargaining Powers of Buyers
3.3.2 Bargaining Powers of Suppliers
3.3.3 Threat of New Entrants
3.3.4 Threat from Substitute products
3.3.5 Competition Rivalry
4. Market Segmentation
4.1 By Active Ingredients
4.2 By Application
188.8.131.52 Cereal & Grain
184.108.40.206 Fruits & Vegetables
220.127.116.11 Turf & Ornamental Grass
4.3 By Geography
4.3.1 North America
18.104.22.168 Rest of North America
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
4.3.4 South America
188.8.131.52 Rest of South America
184.108.40.206 South Africa
220.127.116.11 Rest of Africa
5. Competitive landscape
5.1 Market Share Analysis
5.2 Major Strategies Adopted by Leading Players
5.3 Most Active Companies
6. Company Profiles*
6.1 ADAMA Agricultural
6.2 Arysta Lifescience
6.3 BASF SE
6.4 Bayer CropScience AG
6.5 Bio Agro Chemicals
6.6 Cheminova AS
6.7 Dow AgroSciences
6.9 FMC Corporation
6.12 SinoHarvest Corporation
6.13 Sociedad Química Y Minera S.A.
6.14 Sumitomo Chemical
6.15 Sunfarm Agrochemicals
6.17 United Phosphorus Limited
*List not exhaustive
7. Future of the Market
7.1 Geographical Outlook
7.2 Industry Outlook