Organophosphates Market size is valued at USD 7.2 billion in 2021 and is expected to reach USD 10.3 billion by 2028, at a CAGR of 5.2% during the forecast period 2022-2028. Organophosphates are the esters of phosphoric acid. These are produces by the reaction of phosphoric acid with alcohol. Organophosphates are the source of insecticides, pesticides, herbicides, and fumigants. Organophosphates are used in the crop protection, ornamental crop protections, garden, and home. These are act by inhibiting the acetylcholinesterase enzyme in insects and cause the nervous and respiratory damages result in the death of insects/pests. Increase in the global food demand coupled with rise in focus on efficient crop outputs with low cost drive the global organophosphates compound. Change in climatic conditions results in insect growth on agriculture crops, grow in demand for the adoption of ornamental crops and gardens in residential and corporate areas, rise in awareness about the organophosphates among the farmers, increase in population demand for the quality food products, government support for the agriculture sector, broad target spectrum of organophosphates, and rise in R&D for the development of newer products are anticipated to fuel the global market over the forecast years. However, stringent regulations for the organophosphates usage, availability of alternative products for the organophosphates, and acute toxicity of organophosphates towards the environment are hinder the growth of global market. this report studies global Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, The global Organophosphates Market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Organophosphates Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Fastest Growing Market
Higher exposure to pesticides, increasing concentration levels of organophosphates and carbamates in such pesticides, and rising consumption of crops containing concentrations of organophosphates and carbamates residues are all driving the global market for organophosphates and carbamates poisoning. Pesticides and insecticides containing organophosphates and carbamates are used by a considerable portion of the world's population, and most farmers are likely to be exposed to them. Such people are more likely to become poisoned when the amount of organophosphates and carbamates in their diet increases. Organophosphate and carbamate poisoning are also being exacerbated by a lack of effective and hygienic sanitization.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.