Global Organophosphate Pesticides Market Overview:
Organophosphates are a group of human-made chemicals that poison insects and mammals. Organophosphates have wide domestic and industrial applications, though they are most commonly used as insecticides. Thirty-six of these are presently registered for use in the United States. The pesticide market is driven by the need to boost crop yield to meet the requirements of the growing population.
As per latest study released by AMA Research, the Global Organophosphate Pesticides market is expected to see growth rate of 4.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Large Scale Usage in Developed and Developing Countries to Increase Productivity and Profit Margins
Market Growth Drivers:
Rising Need to Increase Crop Production while Maintaining Crop Quality and Adoption of Crop Preservation to Fulfill Rising Demands
Challenges:
Availability of Substitutes and High Research and Development Costs
Restraints:
Awareness Regarding Health Hazards Due To Pesticides and Government Regulations to Minimize Environmental Hazards
Opportunities:
Rising Population and Reduced Area under Cultivation in Developing Countries and Food Security Concerns in Developing Economies Likely To Boost Market Growth
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are DuPont de Nemours, Inc. (United States), Syngenta (Switzerland), Bayer AG (Germany), Adama India Pvt. Ltd. (India), Yara (Norway), United Phosphorus Ltd, (India), Nufarm (Australia), The Mosaic Company (United States), SinoHarvest (China) and Aimco Pesticides LTD. (India). Additionally, following companies can also be profiled that are part of our coverage like Sumitomo Chemical Co., Ltd. (Japan), Dhanuka Agritech Ltd. (India), FMC Corporation (United States), PI Industries Ltd (India), Monsanto Company (United States) and BASF SE (Germany). Analyst at AMA Research see United States & Indian Vendors to retain maximum share of Global Organophosphate Pesticides market by 2030.
Latest Market Insights:
In August 2022, Nufarm Limited, a leading Australian crop protection company, acquired Cheminova Agro A/S, a Danish manufacturer of generic pesticides, including some organophosphates. This aimed to expand Nufarm's product portfolio and global reach.
In October 2023, Dow AgroSciences launched a new biopesticide for controlling insect pests in fruits and vegetables, offering an alternative to some organophosphates.
The federal statutes that give the United States Environmental Protection Agency (EPA) the authority to regulate pesticides are the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) and the Federal Food, Drug, and Cosmetic Act (FFDCA). FIFRA provides for federal regulation of pesticide distribution, sale, and use. All pesticides distributed or sold in the United States must be registered (licensed) by EPA. Before EPA may register a pesticide under FIFRA, the applicant must show that using the pesticide according to specifications "will not generally cause unreasonable adverse effects on the environment.''
What Can be Explored with the Organophosphate Pesticides Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Organophosphate Pesticides Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Organophosphate Pesticides
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Organophosphate Pesticides market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Organophosphate Pesticides market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pesticide Manufacturer, Traders/Distributors/Suppliers, Healthcare Industry, Raw Material Supplier, Government Bodies and Associations, Research Companies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.