Phorate Market Size, Industry Analysis Report, Regional Outlook Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Phorates are phosphate esters used as insecticides for protecting crops from leaf-hoppers, leaf-miners, mites and rootworms. They are widely used in agriculture and pharmaceutical industries. At atmospheric conditions, these are readily soluble in organic solvents but not completely soluble in water. They are very stable and undergo hydrolyses both in acidic or basic condition. These are non-bio-cumulative and most commonly used in granular form.

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Phorate Market size will witness a substantial growth with rising application in agricultural and pharmaceutical industry. Growing crop protection industry will drive phorate market as they are used as pesticides. On an estimate, around 30-40% of total crop is lost because of insects & diseases infestation that in turn reduces the overall production. Hence, their use has increased to reduce the wastage and meet food demand.

Rise in global population and decrease in arable land, the demand for phorate market has escalated. There has been a rise in demand for safety and quality of food. In addition, apart from others these do not lose their effectiveness upon hydrolysis and have no residual action. Such factors are expected to further boost phorate market.

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Phorate is widely used in agricultural and pharmaceutical industry. Agricultural industry has major share with its rising application as insecticides. Pharmaceutical industry has nascent share and are used for veterinary purpose for resistance against fleas and ticks.

Based on type of activity, the product is classified as systematic and contact. The systematic type depends on its ingestion while the contact type depends on direct contact. Performance of contact type can be improved with quality and method of application. The contact type insecticides have the major share as they are more effective.

The product is available in two forms including, liquid and solid. The liquid form has significant share as it is easy to apply and user friendly. It can be applied to various crops that includes cereals & oilseeds, foods & vegetables, corn, coffee and cotton. The product can be applied in two ways named, foliar spray and soil treatment. The foliar spray has major share owing to ease of application. Soil treatment has witnessed significant growth as its properties do not get easily degraded upon hydrolysis.

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Major restraint for phorate market is its toxic content which is harmful for both mammals and target organisms and may cause headache, fatigue, nausea, diarrhoea and convulsions. Strict government regulations for its use may further restrain the product growth. If these persist as metabolites, they can damage seeds.

Reasons to Buy This Report:
1. Phorate Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Phorate Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

Asia Pacific has major share in global phorate market owing to increase in population that has escalated the food demand. The limited availability of arable land has further enhanced its consumption. Growth in insecticide industry in the region has further enhanced the industry growth.

The Phorate Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Phorate Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Phorate Product Insights
16. Phorate Application Insights
17.Phorate Regional Insights
18. Competitor Profiles

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Phorate market is fragmented with the presence of many regional players in the market. Some of the key industry players include Kalyani Industries, Canary Agro Chemicals, A.S. Joshi, Canary Agro Chemicals, Anmol Afrotech, Jayalakshmi Fertilisers, Chromservis, Ram Shree Chemicals, Sikko Industries, AMVAC Chemical Corporation and Hindustan Mint & Agro Products. Firms are spending on research and development for reducing toxicity to increase product sale.

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