What Does the Historical and Current Organophosphates Pesticides Market Size Trend Indicate?
The organophosphates pesticides market has seen considerable growth due to a variety of factors.
• The market for organophosphates pesticides has experienced significant expansion in the past few years. The market size, which is projected to be $8.05 billion in 2024, is expected to increase to $8.52 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.9%.
This growth during the historic period can be attributed to factors such as its increasing use in agriculture, replacement of other pesticides, affordability, comprehensive range of activity and easy application method.
What is the Forecasted Market Size and CAGR for the Organophosphates Pesticides Market?
The organophosphates pesticides market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for organophosphates pesticides is anticipated to mark a substantial expansion in the coming years, reaching a whooping figure of $10.95 billion in 2029 with a compound annual growth rate (CAGR) of 6.5%.
The projected escalation during the forecast period is driven by factors such as the need for food security, the rise of new markets, comprehensive pest management (IPM), alterations in regulations, and the influence of climate change. Some of the key trends during the forecast period include investment in research and development, commitment towards sustainability and environment-friendly alternatives, the integration of precision agriculture, solutions for biological pest control, and strict regulatory norms.
Which Drivers Are Accelerating Growth In The Organophosphates Pesticides Market?
The organophosphate pesticide market is predicted to experience growth fuelled by an increase in crop infections. These infections or diseases can impact plants through various means such as wounds, stomata or pores. Organophosphate pesticides play a crucial role in managing and controlling these diseases ensuring crop safety. For example, in February 2023, it was reported by the U.S. Department of Agriculture (USDA) that pests were responsible for annual worldwide crop production losses ranging from 20% to 40%. Such losses have considerable economic implications, with plant diseases causing a loss of approximately $220 billion and invasive insects contributing to a further loss of about $70 billion. Hence, the growing prevalence of crop infections proves a significant driver for the expansion of the organophosphate pesticides market.
What Are The Principal Market Segments In The Global Organophosphates Pesticides Healthcare Industry?
The organophosphates 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
Subsegments:
1) By Herbicides: Pre-Emergence Herbicides, Post-Emergence Herbicides, Selective Herbicides, Non-Selective Herbicides
2) By Insecticides: Contact Insecticides, Systemic Insecticides, Soil Treatment Insecticides, Foliar Insecticides
3) By Fungicides: Contact Fungicides, Systemic Fungicides, Preventative Fungicides, Curative Fungicides
4) By Other Types: Nematicides, Rodenticides, Plant Growth Regulators (PGRs), Soil Fumigants
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Which Emerging Market Trends Are Altering The Organophosphates Pesticides Market?
Leading corporations in the organophosphate pesticide market are centring their efforts on creating inventive goods, such as pest control products, in order to enhance pest control efficiency and diminish environmental harm. They are putting emphasis on the creation of sustainable practices that satisfy regulatory criteria. Pest control products are substances or instruments that are utilised to thwart, exterminate, or manage pests that pose risks to health, agriculture, or the environment. These can encompass chemical substances, biological entities, or mechanical trapping devices. For instance, in November 2023, Godrej Agrovet Limited (GAVL), an agribusiness firm based in India, introduced Rashinban to chilli crops amid their crucial flowering stage. This product is characterised by a unique formulation that effectively zeros in on a wide range of pests, encompassing thrips, mites, and caterpillars, during the crucial flowering phase of chilli crops. This progressive pest control approach not only offers instantaneous knockdown effect in a single application, but also removes the necessity for numerous insecticides, thus significantly curtailing the number of spraying sessions required by agriculturalists.
Who Are the Key Players in the Organophosphates Pesticides Market?
Major companies operating in the organophosphates pesticides market include:
• BASF SE
• Dow AgroSciences LLC (now part of Corteva)
• Bayer AG
• Hebei Chenguang Pesticide Co Ltd.
• Sumitomo Chemicals
• Syngenta Crop Protection AG
• The Monsanto Company (now part of Bayer)
• DuPont de Nemours Inc. (via Corteva Agriscience)
• United Phosphorus Limited
• FMC Corporation
• Adama Agricultural Solutions
• Nufarm Ltd.
• Piramal Agro Ltd.
• Ishihara Sangyo Kaisha Limited
• Godrej Agrovet Ltd.
• Anhui Huaxing Chemical Industry Co Ltd.
• American Vanguard Corporation
• Cheminova A/S (acquired by FMC)
• 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.
What are the Regional Insights into the Organophosphates Pesticides Market?
North America was the largest region in the organophosphates pesticides market in 2024. The regions covered in the organophosphates pesticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
