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Organophosphate insecticides are widely used in agriculture sector, residential and commercial areas. The increasing applications of organophosphate insecticides as they are least expensive than other alternatives is predicted to drive the global market of organophosphate insecticides. Furthermore, increasing crop losses owing to insect attacks and decreasing per capita arable land are predicted to leverage the sale of insecticides, especially organophosphate insecticides due to their low price.
The prominent players operating in the market are embarking on the new product launch and mergers and acquisitions activities to increase their footprint in the global market of organophosphate insecticides. Organophosphate insecticides are the ester forms of phosphoric acid which are generally considered as sage for agriculture use because of their fast degradation rates.
Organophosphate insecticides are extensively used for pest control in homes, commercials areas and agriculture. They are usually used on insects such as ants, termites, spiders, and many others because organophosphate insecticides can break down faster and have relatively shorter lifetime in the environment. For instance, chloropyriphos is used on agricultural food and feed crops, and to control public health pests such as mosquitoes and fire ants. Furthermore, the increasing population and disposable incomes in developed as well developing regions are expected to boost the demand for food. For instance, According to Food and Agriculture Organization of the United Nation (FAO) cereal demand is expected to increase around 3 billion metric ton by 2050, up from today’s almost 2.1 billion metric ton. Therefore, the demand for organophosphate insecticides is predicted to remain high among growers to fulfill the increasing demand for food and to avoid food spoilage caused due to insects. Besides, advancement in agricultural practices & techniques, rising global food commodities exports and increasing incidences of crop losses due to insect infestation are expected to drive the global market of organophosphate insecticides.
Key Market Driver -
Increasing Demand for Affordable Crop Protection Products
Key Market Restraint -
Stringent Rules and Regulations about the Commercial Application of Product
The strict rules and regulations regarding the use of organophosphate insecticides due to their harmful effects on human as well as animals are predicted to restrain the market growth.
The prominent players operating in the global organophosphate insecticides market are BASF SE, Adama Agriculture Solutions Ltd., Bayer CropScience, Isagro SpA, Valent USA LLC., UPL Limited, FMC Corporation, Nufarm Ltd., American Vanguard Corporatio, Syngenta AG, and Others.
Parathion is one of the most widely used organophosphate insecticides due to its stability in aqueous solutions and its broad range of insecticidal activities. The increasing application of parathion in many developing regions is predicted to drive the demand for parathion. Furthermore, Malathion is widely used to control a variety of outdoor insects in both residential area and in agriculture. Malathion is listed for use on feed, food, and decorative crops and in fruit fly and mosquito eradication programs. The rising use of Malathion in the preparation of pest control is expected to positively impact the market growth.
The agriculture sector is predicted to hold significant share in the global market of organophosphate insecticides. The increasing cultivation of crops, decreasing arable land, and increasing incidence of crop losses due to insect are predicted to boost the demand for organoleptic insecticides owing to their low cost and efficacy to avoid food spoilage. Moreover, the rising residential area across the globe especially across developing economies can boost the demand for pest or insect control product which is expected to boost the utilization of organophosphate insecticides.
The liquid form of organophosphate insecticides is anticipated to hold a significant share in the global market of organophosphate insecticides. The liquid formulations of the organophosphate insecticides have intensifying demand among buyers owing to ease of application, convenience offered by the product in the usage & to evade any wastage or spoilage of the product because of the contamination. Nonetheless, the solid form of organophosphate insecticides is also becoming popular among farmers due to tits relatively extended shelf life and easy transportation of the product.
Asia Pacific is anticipated to witness a considerable growth in the global market organophosphate insecticides owing to the increasing demand for affordable and efficient insecticide. The increasing residential and industrial area and decreasing arable land have raised the demand for crop protective products within the region which is expected to positively impact the sale of organophosphate insecticides.
North America is expected to hold significant share in the global organophosphate market. The ease of product availability within the region due to the presence of prominent market players such as Valent USA LLC, FMC Corporation, and others is predicted to drive the North America organophosphate insecticide market. The increasing residential area within U.S and Canada is expected to boost the demand for pest or insect control products such as organophosphate insecticides.
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