Global Profenofos Market Size study, By Crop Type (Cotton, Maize, Potato, Soybean, Pulses, Others (Fruits & Vegetables, etc.)), By Packaging (Bottled Packaging, Bag Packaging), and Regional Forecasts 2022-2028

Global Profenofos Market Size study, By Crop Type (Cotton, Maize, Potato, Soybean, Pulses, Others (Fruits & Vegetables, etc.)), By Packaging (Bottled Packaging, Bag Packaging), and Regional Forecasts 2022-2028

Global Profenofos Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.
Profenofos can be defined as organophosphate insecticide, and it is available in amber or light-yellow liquid form and have garlic like smell. Profenofos is obtained through reaction of phosphorus oxychloride with sodium ethoxide and sodium 1-propanethiolate, followed by treatment with 4-bromo-2-chlorophenol. It is categorized as restricted use pesticide and utilized on cotton to control cotton bollworm, armyworm, cotton aphid, whiteflies, spider mites, plant bugs. It is also used in other crops including maize, potato, soybean, and sugar beet. The increasing demands for agrochemicals and growing demand and cultivation of cotton worldwide are factors that are accelerating the global market demand. For instance, according to Statista - In 2019, the global agrochemical market was valued at USD 234.2 billion U.S. dollars. This is amount is projected to grow to USD 300 billion by 2025. Moreover, as per United States Department of Agriculture (USDA)’s Cotton and Wool Outlook: June 2022 report – in 2021, the global cotton production was estimated at 117 million bales, and the production is projected to grow to 121.3 million bales by end of 2022. In 2022,23 India would lead the global cotton production capacity with production of more than 3 million bales, followed by China (+0.5 million bales), and Brazil (+0.5 million bales). Also, favorable government initiatives to increase production of agrochemicals and increasing focus towards high agriculture productivity are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, high level of toxicity associated with profenofos chemical impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Profenofos Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the growing trend of Bring Your Own Device (BYOD) across various enterprises, rising adoption of the private cloud, as well as surging demand for network optimization. Whereas, North America is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of the end-use segments, increasing investments in the R&D activities, and presence of the leading market players, would create lucrative growth prospects for the global Profenofos Market across the North American region.

Major market players included in this report are:
Acme Organics Pvt. Ltd.
Syngenta
Bharat Group
Yantai Keda Chemical
Fulon Chemical Industrial Co., Ltd.
Hualong Chemical Industry Co., Ltd.
National Company for Agrochemicals Production (Agrochem)
Jiangsu Baoling Chemical Co., Ltd.
Dow AgroScience
iangsu Jiangnan Agrochemical

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Crop Type
Cotton
Maize
Potato
Soybean
Pulses
Others (Fruits & Vegetables, etc.)
By Packaging
Bottled Packaging
Bag Packaging
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Profenofos Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Acme Organics Pvt. Ltd.
Syngenta
Bharat Group
Yantai Keda Chemical
Fulon Chemical Industrial Co., Ltd.
Hualong Chemical Industry Co., Ltd.
National Company for Agrochemicals Production (Agrochem)
Jiangsu Baoling Chemical Co., Ltd.
Dow AgroScience
iangsu Jiangnan Agrochemical

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