Global Organophosphate Pesticides Market - 2023-2030

Global Organophosphate Pesticides Market - 2023-2030


Global Organophosphate Pesticides Market reached US$ 7.92 billion in 2022 and is expected to reach US$ 14.32 billion by 2030, growing with a CAGR of 7.7% during the forecast period 2023-2030.

The global population's consistent growth has led to a heightened need for increased food production. To meet this demand and ensure crop yields, organophosphate pesticides have been extensively employed in agriculture. The wide use in protecting plants from various pests is acting as a driving force behind the growth of the organophosphate pesticide market. According to the Centers for Disease Control and Prevention, about 75% of organophosphorus insecticides are used in the U.S.

Growing crop losses because of pests and diseases increase the need for farmers to use pesticides as a protective measure for their crops. Organophosphate pesticides are particularly effective in minimizing these losses, resulting in boosted crop yields. This, in effect, enhances overall agricultural productivity, subsequently stimulating market growth.

Insecticides have a substantial share in the organophosphate pesticides market due to their effectiveness against a broad spectrum of insect pests. Asia-Pacific held a significant share in the organophosphate pesticide market due to rising food demand in that region. India's food and beverage industry will experience remarkable growth, expanding from USD 369 billion to USD 1.14 trillion by the year 2025.

Dynamics

Rising Need for Crop Protection

According to FAO Up to 40% of the world's crop production, including insect infestation, is lost each year as a result of pests. Each year, invading insects and plant diseases damage the world economy at least $70 billion and over $220 billion, respectively. Organophosphate pesticides are well known for protecting a broad spectrum of agricultural pests, which makes a valuable chemical for farmers.

Farmers commonly utilize organophosphate pesticides to shield their crops from a wide array of agricultural pests, diseases, and insects. These chemicals are favored for their remarkable efficacy in pest control. This reliance on pesticides helps minimize crop losses and is a preferred choice for many farmers.

Rising Need to Increase Crop Yield and Efficiency

FAO estimates that to feed a global population of 9.1 billion people, in 2050 would require increasing total food production by almost 70% between 2005/07 and 2050. With the global population steadily increasing, there is a growing need to produce more food to feed the world's inhabitants. By 2050, the demand for cereals is expected to increase from its current level of close to 2.1 billion tonnes to almost 3 billion tonnes for both food and animal feed. Organophosphate pesticides play a crucial role in boosting crop yields and meeting the dietary needs of a growing population.

Protecting crops against pests, diseases, and insects is vital to prevent reduced yields. Organophosphate pesticides are valuable for farmers as they effectively combat a wide array of agricultural pests, enhancing crop protection and productivity. These pesticides enable farmers to bolster their profits by minimizing losses from pest damage and making a larger portion of their crops suitable for the market.

Regulatory Restrictions
rganophosphate pesticides are subject to strict regulatory oversight due to their potential health and environmental risks. Regulatory agencies often impose limits on their use, require extensive testing and documentation, and may ban or restrict certain organophosphate compounds. EPA (Environmental Protection Agency) of the United States declared aggressive action against four organophosphate pesticides in March 2023.

Residues of organophosphate pesticides on food and agricultural products can pose health risks to consumers. For instance, According to a study in the journal Environmental Toxicology and Pharmacology, long-term exposure to organophosphate pesticides causes adverse health and cancer risks for women. Hence, the government poses some regulations for using organophosphate pesticides which limits its market growth.

Segment Analysis

The global organophosphate pesticides market is segmented based on ingredients, type, distribution channel, application and region.
rganophosphate Insecticides’s Evectivitiness against Protecting Crops
rganophosphate insecticides are recognized for their broad-spectrum activity. They can effectively control a wide range of insect pests. In May 2023, Saraswati Group launched SA-IMIDAN (50% Phosmet), for the Indian market through its Saraswati Agro Life Science Phosmet is a class of organophosphorus insecticides, which can be used to control pests on various ornamental plants and crops.
rganophosphate insecticides typically act quickly to control pests. They are valued for their ability to provide immediate relief from infestations, protect crops, and minimize economic losses. Organophosphates can be applied using various methods, including foliar sprays, soil treatments, and seed treatments. This multiple-application method makes it a preferable choice for farmers.

Source: DataM Intelligence Analysis (2023)

Geographical Penetration

Asia-Pacific’s Growing Agriculture Sector

Asia-Pacific is home to some of the world's most populous countries, such as China and India, where agriculture plays a vital role in the economy. Large-scale agricultural activities create a substantial demand for pesticides, including organophosphates, to protect crops from insect pests.

The region has a diverse range of crops, including rice, wheat, corn, cotton, sugarcane, and various fruits and vegetables. The warm and humid climate in many parts of the Asia-Pacific region provides favorable conditions for the proliferation of insect pests. The Tea Research Association estimates that the annual revenue lost as a result of pest infestation in tea plantations at Rs 2,865 crore. Due to this rising crop loss in agriculture, there is a growing demand for effective pesticides including organophosphate pesticides in that region.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include FMC Corporation, Syngenta Crop Protection AG, ADAMA, Eraithu, UPL, Nufarm, Sumitomo Chemical India Ltd, Rallis India Limited, Corteva, Helena Agri-Enterprises, LLC

COVID-19 Impact Analysis



COVID Impact

The pandemic disrupted global supply chains, including the production and distribution of agricultural inputs like pesticides. Shutdowns, labor shortages, and transportation challenges affected the availability of organophosphate pesticides. Lockdowns and social distancing measures impacted agricultural activities in many regions. Farmers faced challenges in accessing markets, labor shortages, and restrictions on the movement of agricultural goods. This led to a temporary reduction in pesticide demand.

The pandemic underscored the importance of health and safety, which could lead to increased scrutiny of pesticide safety measures and regulations. This might influence the choice of pesticide products by farmers and regulatory agencies. Disruptions in global trade and transportation affected the import and export of agricultural products, including pesticides. This had implications for pesticide manufacturers and distributors, especially in regions heavily reliant on international trade.

Russia- Ukraine War Impact

The conflict in the region disrupted the supply chain for organophosphate pesticides. Supply disruptions, transportation issues, and logistical challenges affected the availability of these pesticides in various markets.

The war led to price volatility in the market for agricultural inputs, including pesticides. Price fluctuations influenced purchasing decisions by farmers and distributors. The war affected agricultural production in Ukraine and Russia, it influenced the demand for pest control measures, potentially leading to decreased use of organophosphate pesticides.

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

By Type
• Herbicides
• Fungicides
• Insecticides
• Others

By Distribution Channel
• Supermarket/Hypermarket
• Specialty Stores
• E-Commerce
• Others

By Application
• Crop Based
Oil Seeds
Fruits & Vegetables
Grains & Cereals
• Non-Crop Based
Turf & Ornamental Grass
Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In May 2021, ADAMA Ltd., an Israel-based crop protection solution company, acquired a 51% stake in key crop protection synthesis and formulation facilities of Jiangsu Huifeng Bio Agriculture Co. The acquisition is expected to help ADAMA Ltd. increase its presence in China and its competitive positions in key global molecules.
• In February 2021, Bayer AG, a Germany-based pharmaceutical and biotechnology company, introduced an insecticide, the Vayego 200SC which uses Tetraniliprole, an active ingredient, to combat pests including caterpillars.

Why Purchase the Report?
• To visualize the global organophosphate pesticides market segmentation based on type, manufacturing process, distribution channel, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Organophosphate Pesticides market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global organophosphate pesticides market report would provide approximately 69 tables, 73 figures and 181 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies


1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Ingredients
3.2. Snippet by Type
3.3. Snippet by Distribution Channel
3.4. Snippet by Application
3.5. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Rising Need for Crop Protection
4.1.1.2. Rising Need to Increase Crop Yield and Efficiency
4.1.2. Restraints
4.1.2.1. Regulatory Restrictions
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. DMI Opinion
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Ingredients
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredients
7.1.2. Market Attractiveness Index, By Ingredients
7.2. Malathion*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Diazinon
7.4. Glyphosate
7.5. Methamidophos
7.6. Dimethoate
7.7. Chloropyriphos
7.8. Parathion
7.9. Others
8. By Type
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
8.1.2. Market Attractiveness Index, By Type
8.2. Herbicides*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Fungicides
8.4. Insecticides
8.5. Others
9. By Distribution Channel
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
9.1.2. Market Attractiveness Index, By Distribution Channel
9.2. Supermarket/Hypermarket*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Specialty Stores
9.4. E-Commerce
9.5. Others
10. By Application
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.1.2. Market Attractiveness Index, By Application
10.2. Crop Based*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.2.3. Oil Seeds
10.2.4. Fruits & Vegetables
10.2.5. Grains & Cereals
10.3. Non-Crop Based
10.3.1. Turf & Ornamental Grass
10.3.2. Others
11. By Region
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
11.1.2. Market Attractiveness Index, By Region
11.2. North America
11.2.1. Introduction
11.2.2. Key Region-Specific Dynamics
11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredients
11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.2.7.1. U.S.
11.2.7.2. Canada
11.2.7.3. Mexico
11.3. Europe
11.3.1. Introduction
11.3.2. Key Region-Specific Dynamics
11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredients
11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.3.7.1. Germany
11.3.7.2. UK
11.3.7.3. France
11.3.7.4. Italy
11.3.7.5. Russia
11.3.7.6. Rest of Europe
11.4. South America
11.4.1. Introduction
11.4.2. Key Region-Specific Dynamics
11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredients
11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.4.7.1. Brazil
11.4.7.2. Argentina
11.4.7.3. Rest of South America
11.5. Asia-Pacific
11.5.1. Introduction
11.5.2. Key Region-Specific Dynamics
11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredients
11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.5.7.1. China
11.5.7.2. India
11.5.7.3. Japan
11.5.7.4. Australia
11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
11.6.1. Introduction
11.6.2. Key Region-Specific Dynamics
11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredients
11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12. Competitive Landscape
12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis
13. Company Profiles
13.1. FMC Corporation*
13.1.1. Company Overview
13.1.2. Product Portfolio and Description
13.1.3. Financial Overview
13.1.4. Recent Developments
13.2. Syngenta Crop Protection AG
13.3. ADAMA
13.4. Eraithu
13.5. UPL
13.6. Nufarm
13.7. Sumitomo Chemical India Ltd
13.8. Rallis India Limited
13.9. Corteva
13.10. Helena Agri-Enterprises, LLC
LIST NOT EXHAUSTIVE
14. Appendix
14.1. About Us and Services
14.2. Contact Us

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