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:

By Type	Herbicide Insecticide Fungicide Others
By Ingredient	Malathion Glyphosate Methamidophos Chlorpyrifos Dimethoate Parathion Others
Application	Oil Seeds Grains & Cereals Turf & Ornamental Grass Others

Frequently Asked Questions (FAQ)

Increasing requirement for crop protection and the growing need to enhance crop yield to fulfill the food requirement for the growing population, are the major factors driving the market growth.

The market is anticipated to attain a considerable CAGR of ~4.9%, over the forecast period, i.e., 2021-2029.

High level of toxicity in organophosphate pesticides is one of the major factors which is estimated to hamper the market growth.

The market in the Asia Pacific is estimated to provide maximum growth opportunities owing to the notable production and utilization of pesticides in the agriculture sector.

The major players in the market are Spectrum Brands, Inc., Bayer AG, Nufarm Limited, BONIDE Products LLC, BASF SE, UPL Limited, Adama Agricultural Solutions Ltd., and others.

Organophosphate Pesticides Market Analysis