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Organophosphates Pesticides Market Trends, Top Companies, Share, Growth And Forecast 2033
Organophosphates Pesticides Market
Organophosphates Pesticides Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $10.09 billion In 2028 At A CAGR Of 5.7% :
The organophosphates pesticides market size has grown strongly in recent years. It will grow from $7.6 billion in 2023 to $8.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to widespread adoption in agriculture, replacement of other pesticides, cost-effectiveness, broad spectrum of activity, ease of application.
The organophosphates pesticides market size is expected to see strong growth in the next few years. It will grow to $10.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to demand for food security, emerging markets, integrated pest management (IPM), regulatory changes, climate change impact. Major trends in the forecast period include research and development, sustainability and eco-friendly alternatives, precision agriculture integration, biological pest control solutions, stringent regulatory measures.
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Organophosphates Pesticides Market Major Segments
The organophosphate pesticides market covered in this report is segmented -
1) By Type: Herbicides, Insecticides, Fungicides, Other Types
2) By Ingredients: Malathion, Diazinon, Glyphosate, Methamidophos, Dimethoate, Chloropyriphos, Parathion, Other Ingredients
3) By Application: Crop Based, Non-Crop Based
Key Driver - Organophosphate Pesticides Market Surges Amid Crop Infection Rises
The rise in the prevalence of crop infections is expected to propel the growth of the organophosphate pesticide market going forward. Crop infections refer to diseases that can affect plants through wounds, stomata, or pores. Organophosphate pesticides are used for controlling diseases that affect crops and making sure the crops are protected. For instance, in June 2021, according to a report shared by the Food and Agriculture Organization (FAO), a US-based specialized agriculture agency, in 2020, 40% of the global crop production lost annually due to pests and the rise in seed- and soil-borne diseases. These plant diseases cost the global economy approximately $220 billion each year, while invasive insects cost around $70 billion. Therefore, the rise in the prevalence of crop infection is driving the growth of the organophosphate pesticides market.
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Prominent Trend - Innovative Product Launches Driving Growth In The Organophosphate Pesticides Market
Product innovations are a key trend gaining popularity in the organophosphate pesticides market. Major companies operating in the organophosphate pesticides market are focused on launching innovative products and solutions to sustain their position in the market. For instance, in February 2021, Bayer AG, a Germany-based pharmaceutical and biotechnology company, launched a new and innovative insecticide, the Vayego 200SC, that uses tetraniliprole, which is an active ingredient, to control pests such as caterpillars. Tetraniliprole, an active chemical provides good Lepidopteran species control in a variety of crops, including rice, vegetables, and plantation crops, with little harm to beneficial insects.
Organophosphates Pesticides Market Players
Major companies operating in the organophosphates pesticides market report are BASF SE, Dow AgroSciences LLC, Bayer AG, Hebei Chenguang Pesticide Co Ltd., Yara International ASA, Sumitomo Chemicals, The Mosaic Company, Syngenta Crop Protection AG, Solvay S.A., The Monsanto Company, DuPont de Nemours Inc., Sociedad Quimica y Minera, United Phosphorus Limited, FMC Corporation, Adama Agricultural Solutions, Nufarm Ltd., Chambal Fertilizers and Chemicals Ltd., Croda International PLC, Tata Chemicals Ltd., Piramal Agro Ltd., Ishihara Sangyo Kaisha Limited, Godrej Agrovet Ltd., Anhui Huaxing Chemical Industry Co Ltd., American Vanguard Corporation, Cheminova A/S, Valent USA LLC, Rallis India Ltd., Isagro SpA, Shandong Longlive Agrochem Co Ltd., Nantong Evergreen Agrochemical Co Ltd., Jiangsu Huai'an Chemical Industry Group Co Ltd., Zhejiang Xinyi Agrochemical Co Ltd., National Fertilizers Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the organophosphates pesticides market in 2023. The regions covered in the organophosphates pesticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Organophosphates Pesticides Market Report Structure
3. Organophosphates Pesticides Market Trends And Strategies
4. Organophosphates Pesticides Market - Macro Economic Scenario
5. Organophosphates Pesticides Market Size And Growth
…..
27. Organophosphates Pesticides Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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