Global Organophosphate Insecticides Market - 2023-2030

Overview

Global Organophosphate Insecticides Market reached US$ 6.1 billion in 2022 and is expected to reach US$ 8.47 billion by 2030, growing with a CAGR of 4.2% during the forecast period 2023-2030.

The organophosphate insecticides market is witnessing significant growth due to various factors like rising demand to ensure food security and to control pest-related crop losses. The need to ensure global food security is driving the demand for pest control solutions, including organophosphate insecticides, to protect crops and maximize yields. This trend is particularly prominent in regions with expanding populations and increasing agricultural production.

As crop losses due to insect pests rise Farmers look for more immediate and efficient solutions to protect their crops and ensure a steady food supply. Organophosphate insecticides have historically been found effective in controlling a range of insect pests and provide a rapid response to pest outbreaks.

Rising disposable incomes, growing populations, and concerns about food security have made Asia-Pacific the region with the highest growth potential in the organophosphate insecticides market. According to UNFPA Asia & the Pacific, about 4.3 billion people are living in Asia and the Pacific. To meet the food requirement of this rapidly growing population, which often involves the use of pesticides like organophosphate insecticides.

Dynamics

Increasing Crop Loss due to Insect Infestation

According to FAO, up to 40% of global crop production is lost due to pests every year which includes insect infestation. Each year, plant diseases cost the global economy over $220 billion, and invasive insects at least $70 billion. Organophosphate insecticides are effective in keeping out a wide range of insects that can damage crops. As insect populations become resistant to other treatments, Organophosphates can provide an effective approach to controlling these insects.

Insect infestations can spread rapidly and cause substantial crop losses if not controlled properly Organophosphates are known for their ability to quickly knock down insects, giving farmers a fast-acting option to mitigate the damage caused by infestations. The chemicals were created to address insect-related issues in agriculture and have been widely used to keep crops free of insect infestations.

Rising Need to Increase Crop Yield and Efficiency

According to Food and Agriculture Organisation (FAO), by 2050 food consumption is anticipated to increase by 60%. The United States Department of Agriculture also developed a program called "The Agriculture and Food Research Initiative (AFRI)" to ensure food security and safety and prepare the next generation of agricultural workers. Organophosphate insecticides are used to boost agricultural output by protecting crops from insects and diseases.

Crop damage from insect pests results in lower yields and economic losses for farmers. Organophosphate insecticides provide an effective method of managing pests and reducing crop damage, subsequently contributing to higher crop yields. Insect infestations are more likely to cause damage to some high-value crops. Organophosphate insecticides can be used to protect these valuable crops and ensure their growth.

Stringent Rules & Regulations

Regulatory agencies often set restrictions on using organophosphate insecticides due to concerns about their toxicity. In March 2023, the U.S. Environmental Protection Agency (EPA) declared accelerated action against four organophosphate pesticides. It can limit the availability of these chemical substances and reduce their potential for market expansion.

Organophosphate insecticides cause various health risks to humans, like acute and chronic poisoning and neurological damage. For instance, according to a study published by Environmental Toxicology and Pharmacology, long-term organophosphate pesticide exposure increases adverse health and cancer risks for U.S. women. As a result, the government is implementing various restrictions on the use of these types of chemicals which limits its market growth.

Segment Analysis

The global organophosphate insecticides market is segmented based on the active ingredient, crop, form, distribution channel, application and region.

Large-scale Application of Organophosphate Insecticides in Agricultural Field

To manage a wide range of pests that cause harm to crops, organophosphate insecticides have been widely used in agriculture. These chemicals effectively target and kill insects by disrupting their nervous systems. This has been particularly crucial in ensuring high crop yields and protecting agricultural investments. According to the Centers for Disease Control and Prevention, about 75% of organophosphorus insecticides are used in the U.S.

Instances of pest outbreaks or sudden increases in pest populations lead to a surge in demand for efficient pest control measures, including organophosphate insecticides. This can result in increased sales and market growth. Hence, the rising demand for organophosphate in controlling insect pests in agricultural field is driving segmental growth.

Geographical Penetration

Asia-Pacific's Growing Population and Food Demand

The Asia-Pacific region is home to some of the world's most populous countries which increases the need for food production in that region. According to research by the Indian government, the country's food and beverage industry will grow from USD$ 369 billion to USD$ 1.14 trillion by 2025. As a result, there is a need for effective methods to reduce plant diseases to meet the expanding food demand which drives the organophosphate insecticides market growth in Asia-Pacific.

The region's varied climate and extensive range of crops create a favorable environment for a wide array of pests. According to the Indian Council of Agricultural Research, about 30-35% of the crop is wasted due to pests. Organophosphate insecticides have been used to manage the pest on a variety of crops, ranging from staple food crops to cash crops.

Rapid urbanization and population growth in several Asian countries have raised consumer demand for food products. In order to meet this demand, agricultural practices often rely on the usage of pesticides to protect crops and ensure adequate food production. The rising demand for pesticides in that region led to an increase in demand for insecticides including organophosphate insecticides to kill the insect pests and increase productivity.

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 led to disruptions in global supply chains, including the production and distribution of agricultural inputs such as pesticides. The pandemic's effects on agriculture, such as disruptions in labor, transportation, and markets, impacted overall pest management activities and further the demand for insecticides.

Organophosphates are commonly used in agriculture to manage pests and increase crop yields. Due to the pandemic, there is a disruption in agricultural activities, which influenced the demand for insecticides, including organophosphates. Reduced planting or delayed harvests affected pesticide requirements.

The pandemic highlighted the importance of health and safety, which influenced perceptions about toxic insecticide use. According to a report published by Toxicology and Applied Pharmacology, Organophosphate (OP) pesticides and the coronavirus (SARS-CoV-2/Covid-19) cause similar heart damage and simultaneous exposure to both can escalate cardiac (heart) injury. Previous studies suggest OPs can increase SARS-CoV-2's ability to cause COVID-19, particularly in susceptible people with underlying medical problems.

Russia-Ukraine War Impact

The war disrupted transportation routes, and supply chains that are essential for the production and distribution of organophosphate insecticides, it led to shortages or delays in obtaining these chemicals. This affected agricultural productivity and pest management efforts in affected regions.

The Russia-Ukraine war affected various industries, including agriculture, due to disruptions in supply chains, trade relationships, and economic stability. The Russian invasion has left Ukraine seriously short of finances, seeds and crop protection products. Ukrainian farmers, which have already started the 2023 spring sowing, have only around 35% of the herbicides and pesticides they need.

By Active Ingredient

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

By Crop

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

By Form

• Liquid
• Dry

By Distribution Channel

• E-Commerce
• Hypermarket/Supermarket
• Specialty Stores
• Others

By Application

• Agriculture
• Residential
• Commercial

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 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.
• 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 insecticides market segmentation based on active ingredient, crop, form, distribution channel, application 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 insecticides 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 insecticides market report would provide approximately 77 tables, 83 figures and 201 Pages.

Target Audience 2023

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