Organophosphate Pesticides Market Analysis

The organophosphate pesticides market is segmented on the basis of type into herbicide, insecticide, fungicide, and others, out of which, the insecticide segment is expected to gain the highest revenue during the forecast period owing to the increasing requirement of these chemicals to protect the crops from maggots and bugs. On the basis of ingredients, the market is further branched into malathion, glyphosate, methamidophos, chlorpyrifos, dimethoate, parathion, and others. Amongst these, the malathion segment is foreseen to hold the largest market share by the end of 2021, owing to its application in mosquito, ticks, and ant repellants. On the basis of application, the market is segmented into oil seeds, grains & cereals, turf & ornamental grass, and others, out of which, the cereals & grains segment is projected to hold a substantial market share during the forecast period owing to the growing demand for food crops.

However, rising concerns regarding the pollution of the aquatic ecosystem caused by pesticides are anticipated to act as a restraint in the growth of the global organophosphate pesticides market.

Our in-depth analysis of the global market includes the following segments: