Market Size of Organophosphate Insecticides Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 1.20 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Organophosphate Insecticides Market Analysis
The Organophosphate Insecticides Market is expected to witness a CAGR of 1.2% over the forecast period. Organophosphates constituted a major share in the insecticide market by type of active ingredient. However, over the past few years, several notable organophosphates (Ops) have been withdrawn from use, including parathion which is no longer registered for any use, and chlorpyrifos, which is no longer registered for home-use in the US. The banning of many organophosphate molecules from many leading countries, including some of the countries, and the availability of other safer alternatives have constrained the market. However, many countries in the Asia-Pacific region still use organophosphate insecticides.