Chlorpyrifos Market is expected to grow at a CAGR of 5.1% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Chlorpyrifos Market size was valued at USD 300.1 million in 2023 growing at a CAGR of 5.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Chlorpyrifos Market size accounted for USD 300.1 Million in 2023, growing at a CAGR of 5.1% from 2023 to 2033. Chlorpyrifos is a widely used organophosphate insecticide that belongs to the chlorinated pyridine chemical family. It has been employed in agriculture to control a variety of pests on crops such as fruits, vegetables, and grains. Chlorpyrifos works by inhibiting acetylcholinesterase, an enzyme that regulates the neurotransmitter acetylcholine in the nervous system of insects, ultimately leading to their death.

Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021803

Chlorpyrifos is known for its effectiveness in controlling a broad spectrum of pests, including insects that damage crops. Farmers often use it to protect their crops from pests that can cause significant economic losses. Chlorpyrifos is versatile and can be used on a wide range of crops, making it a popular choice among farmers cultivating different types of agricultural products. The chemical has a relatively long residual effect, providing prolonged protection against pests. This can reduce the frequency of applications and labor costs for farmers.

Key Players
Some of the major Chlorpyrifos Market players holding high market shares include Dow Chemical, Dow AgroSciences, Hubei Xiantao Xianlong Chemical, Jiangsu Kuaida Agrochemical, and Jiangsu Baoling Chemical. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Zhejiang Xinnong Chemical, Shandong Tiancheng Biological Technology, Nanjing Redsun, Bhagiradha Chemicals & Industries, Sabero Organics Gujarat, Meghmani Organics, Gharda Chemicals, Makhteshim Agan, Cheminova

For More Information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021803

Segmental Analysis
Based on type, the Chlorpyrifos market is segmented into Indoors Pesticides and Outdoors Pesticides. The outdoor pesticide segment is the largest segment of the chlorpyrifos market. This is due to the widespread use of chlorpyrifos in agriculture to control a variety of pests, including insects, mites, and nematodes. Chlorpyrifos is an effective and broad-spectrum insecticide, making it a popular choice for farmers. Additionally, chlorpyrifos is relatively inexpensive, which further contributes to its popularity.
Based on the Application, the Chlorpyrifos market is a Residential, Commercial, and Agriculture Industry. The agriculture industry is the largest application segment of the chlorpyrifos market. This is due to the widespread use of chlorpyrifos in agriculture, as mentioned above. Chlorpyrifos is used on a variety of crops, including fruits, vegetables, nuts, and grains. It is also used on ornamentals and turfgrass.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

This release was published on openPR.