Organophosphate Pesticides Market Share

  • Report ID: 2955
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Organophosphate Pesticides Market Share

On the basis of regional analysis, the global organophosphate pesticides market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these, the market in North America industry is anticipated to account for largest revenue share by 2036, on the back of increasing export-oriented agricultural practices, as pesticides prolong the life of the crop after harvesting.

The market in the Asia Pacific is anticipated to attain considerable CAGR throughout the forecast period, owing to the notable utilization of pesticides in the agriculture sector. Increasing agricultural activities will raise the demand for pesticides, which is expected to promote the market growth. According to the World Bank, as of 2019, agriculture and fishery sector valued 16.291 % of the total GDP in the South Asia region. Moreover, increasing pesticides usage in major economies, such as, China, is projected to significantly boost the market growth in the region. The pesticides use in China amounted to more than 1.4 million tons in 2018.  Along with protecting the crops from pests, pesticides also prolong the life of the crop, increase crop yield, and significantly reduce post-harvest losses. This property is highly beneficial in the hot and humid regions of the Asia Pacific, which is estimated to promote the organophosphate pesticides market growth.

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Author Credits:  Nilanjana Ray


  • Report ID: 2955
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

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.
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