Global Organophosphate Market – Industry Trends and Forecast to 2029

Global Organophosphate Market, By Type (Herbicide, Fungicide, Insecticide, Others), Ingredient (Parathion, Malathion, Chloropyriphos, Diazinon, Dimethoate, Glyphosate, Methamidophos,, Others),  Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other) – Industry Trends and Forecast to 2029

Market Analysis and Size

The organophosphate syndicate is expected to behold the increment due to some factors such as progressing population, as well as improving the earning of people, and the market demand for food is expected to boost the market. The need for grains is inclined to boost the market which registers a constraint for rising agricultural fertility to suffice the leading trade of the global group. Growers will require rising composition by increasing employing and productivity of pesticides to restrain the destruction which has provoked by pests. On the other hand, numerous organophosphates have been removed from the treatment which is no longer use and which may obstruct the market growth rate.

Data Bridge Market Research analyses that the organophosphate market was valued at USD 220.20 million in 2021 and is expected to reach USD 381.18 million by 2029, registering a CAGR of 7.10% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Market Definition

Organophosphates (OP) are chemical compound which has produced by the process of esterification between alcohols and phosphoric acid. Organophosphates can undergo hydrolysis processes and liberate alcohol from the ester bond. The organophosphate chemicals are the major components of pesticides, herbicides, and insecticides. These are also the key components of nerve gas. Acute or chronic exposure to organophosphate can produce varying toxicity levels in plants, humans, animals, and insects.

Organophosphate Market Dynamics

Drivers

• High demand in agrochemical industry

The growth of the global organophosphate market is expected to be influenced by rising demand of this chemical from several end user industries such as agrochemical industry. Organophosphate is widely used in the form of pesticide intermediate in agrochemical industry. Organophosphate compound is broadly used in the manufacture of organophosphorus pesticides for instance, glyphosate.

• Rising demand for insecticides

Organophosphates are the most extensively used insecticides today. They are widely used in gardens, agriculture, the home, and veterinary practice. Organophosphate insecticides such as diazinon are one type of pesticide which works by damaging an enzyme in the body called acetylcholinesterase. The rising demand of organophosphate as insecticides are expected to drive the growth of the organophosphate market.

Opportunities

• Rise the advancements in agrichemical sector

The advancements of the manufacturing of the product and in the agrochemical industries has augmented the sales of organophosphate effectiveness against a variety of pests which are expected to drive the demand for organophosphate products for such advanced pesticides. The advancement of products in this sector will increase the demand of organophosphate which will create beneficial opportunities for market growth.

Restraints/Challenges

Rising implementation of stringent rules regarding the use of concentrated insecticides, pesticides, fertilizers, and others is hindering the sales of the organophosphate across the organophosphorus pesticide segment. Also, some health Side effects like as loss of appetite, dizziness, headache, emphysema,  and vomiting due to the exposure to organophosphate chemical compound are hindering its usage in commercial applications, thereby, hindering the growth of the organophosphate. Market.

This organophosphate 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 organophosphate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Organophosphate Market

COVID-19 impacted various manufacturing industries as it led to the closure of disruption of supply chains, workplaces and restrictions in the transportation. Numerous countries such as India, Brazil China, and many other countries imposed lockdown in this phase which led to the shutdown of manufacturing and production activities. The agrochemical industry witnessed a slump in the revenue which in turn had a moderate impact on the organophosphate market which slightly affected the growth of the targeted market

Global Organophosphate Market Scope

The organophosphate market is segmented on the basis of type, ingredient, application. 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

• Herbicide
• Fungicide
• Insecticide
• Others

Ingredient

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

Application

• Grains and Cereals
• Pulses and Oilseeds
• Commercial Crops
• Fruits and Vegetables
• Other

Organophosphate Market Regional Analysis/Insights

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

The countries covered in the organophosphate 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, South Africa, Egypt, Israel, 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.

Asia-Pacific dominates the organophosphate market in terms of revenue during the forecast period. This is due to the increasing demand for organophosphate in this region. The Asia-Pacific region leads the organophosphate due to growing community, disposable earnings, and food preservation matters which is computing possible germination to the market in this region.

North America is anticipated to be the fastest developing region high demand for organophosphate from robust chemical industries in this region

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 Organophosphate Market Share Analysis

The organophosphate 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 organophosphate market.

Some of the major players operating in the organophosphate market are:

• Bayer AG (U.S.)
• Solvay (Belgium)
• Merck KGaA (Germany)
• LAXNESS (Germany)
• PCC Rokita Spólka Akcyjna (Poland)
• ICL (Israel)
• SANDHYA GROUP (India)
• Parchem fine & specialty chemicals (U.S.)
• Xuzhou Jianping Chemical Co., Ltd (China)
• Anhui Guangxin Agrochemical Co., Ltd. (China)
• Excel Industries Ltd (India)
• Shandong Futong Chemical Co., Ltd. (China)
• Henan Qingshuiyuan Technology Co., Ltd. (China)
• Jiangsu Tianyuan Chemical Co., Ltd. (China)
• Jiangsu Yoke Technology Co., Ltd. (China)
• Shandong Yangmei Hengtong Chemical Co., Ltd. (China)
• UPL Limited (India)
• Xuzhou Jianping Chemical Co., Ltd. (China)
• Xuzhou Yongli Fine Chemical Co., Ltd. (China)
• Zhejiang Xinan Chemical Industrial Group Co., Ltd, (China)