Global Organophosphates Pesticides Market – Industry Trends and Forecast to 2029

Organophosphates Pesticides Market Analysis and Size

According to the Food and Agriculture Organization of the United Nations (FAO) nearly 25% of the world's food contains pesticides residues, which are toxic secondary metabolites of moulds. There are approximately 400 known species of pesticides residues of various chemical compound classes, with 25 being quite common due to their frequency of occurrence. With the world's population growing, the demand for food is increasing, necessitating a greater emphasis on organophosphates pesticides.

Data Bridge Market Research analyses that the organophosphates pesticides market was valued at 8.20 billion in 2021 is expected to reach the value of USD 11.05 billion by 2029, at aw CAGR of 3.80% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Organophosphates Pesticides Market Scope and Segmentation

Market Definition

Organophosphate pesticides are broadly structured organic compounds that aid in pest control. Organophosphate pesticides are chemical compounds derived from phosphoric acid in which an alkyl group replaces at least one hydroxyl group. Pesticides containing organophosphates have acidic chemical properties and are partially protonated.

Organophosphates Pesticides Market Dynamics

Drivers

• Growing risk of contamination in crops and livestock feed

Organophosphates pesticides market is expected to grow during the forecast period due to increased risk of pesticide contamination in livestock feed and rising incidences of insect occurrences in crops. With the global population growing, effective pesticide methods are required for sustainable food production. The global organophosphates pesticides market is being driven by the implementation of stringent food safety regulations, advancements in agricultural technologies, and international trade of food materials.

• Government initiatives to support agricultural practices around the world

The governments of various countries are investing heavily in agriculture to boost the agriculture sector and meet rising food demand. According to China's Ministry of Agriculture, over 1,300 Chinese enterprises had $26 billion in overseas investments in agriculture, forestry, and fisheries in 2016. Furthermore, the Canadian government invested $560,000 in the Canadian Federation of Agriculture (CFA) in 2020 to develop the Canadian Agri-Food Sustainability Initiative. The European Union has launched programmes such as the Common Agricultural Policy (CAP) and Young Farmers. As a result of the government's various initiatives, agricultural production is increasing in various regions. As a result, as crop production increases, so does the demand for organophosphate pesticides.

Opportunity

Increasing food trade across the borders of emerging markets expands the market's opportunity for growth. The rising number of food-borne illnesses as well as poor sanitation and processing conditions in factories in a few countries necessitate the need for organophosphates pesticides of food. The implementation of regulations in emerging economies that have entered the food trade and the authorization of authorities to prohibit the import and supply of contaminated food and enforce food recalls are expected to increase demand for pesticides in these regions. Furthermore, increasing cases of mycotoxicosis outbreaks in Asia and Africa are expected to create significant growth opportunities for organophosphates pesticides in these regions.

Restraints

However, factors such as safer alternatives on the market, various environmental and health hazards associated with these pesticides are acting as a major restraint on market growth.

This organophosphates pesticides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the organophosphates pesticides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Organophosphates Pesticides Market

COVID-19 has proven to be a barrier to the growth of the organophosphate pesticides market. Due to staff and supply shortages, as well as lockdown, the coronavirus outbreak has delayed deliveries of organophosphate pesticides and other food equipment from yards. According to the Agricultural and Processed Food Products Export Development Authority, India's export of fruits and vegetables fell by 16% to $1 billion between April 2019 and January 2020, down from $1.19 billion the previous year (APEDA). Industries are closing all over the world, and a lack of manpower has forced many manufacturing companies to halt production, further impeding market growth.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• The US Environmental Protection Agency (EPA) fined Syngenta in February 2019 for violating pesticide regulations. Syngenta is scheduled to pay USD 150,000 for improperly applying the organophosphate insecticide chlorpyrifos to a seed corn field in Hawaii in 2016 and 2017.
• In March 2019, Bayer CropScience agreed to buy Monsanto. This acquisition will most likely aid Bayer in expanding its product portfolio and global consumer base.
• In January 2020, Adama Agricultural Solutions announced the acquisition of Hubei Sanonda Co., Ltd. Adama Agricultural Solutions will be able to increase its market share in Asia due to this acquisition.

Global Organophosphates Pesticides Market Scope

The organophosphates pesticides market is segmented on the basis of application, ingredient and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Herbicides
• Insecticides
• Fungicides
• Others

Ingredients

• Malathion
• Diazinon
• Glyphosate
• Methamidophos
• Dimethoate
• Chloropyriphos
• Parathion
• Others

Application

• Crop based
• Non-crop based

Organophosphates Pesticides Market Regional Analysis/Insights

The organophosphates pesticides market is analysed and market size insights and trends are provided by country, application, ingredient and type as referenced above.

The countries covered in the organophosphates pesticides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The United States dominates the North American market due to innovative industries and expanding research and development activities for providing product types such as devices, reagents & kits, and other services, as well as a promising growth rate from 2022 to 2029 due to the increasing use of reagents and kits, Germany is dominating the market and driving growth in Europe. China is expected to dominate the market in the Asia-Pacific region due to advances in technology and innovation in food testing as well as rising consumption in the region and the region's rising lifestyle.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Organophosphates Pesticides Market Share Analysis

The organophosphates pesticides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to organophosphates pesticides market.

Some of the major players operating in the organophosphates pesticides market are:

• Bayer AG (Germany)
• BASF SE (Germany)
• Yara International (Norway)
• Compass Minerals (U.S.)
• Syngenta Crop Protection AG (Switzerland)
• ADAMA (Israel)
• Sumitomo Chemicals (Japan)
• Nufarm Limited (Australia)
• UPL (India)
• K+S Group (Germany)
• Israel Chemical Company (Israel)

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