Organophosphate Pesticides Market Size 2013-2017 | Forecast 2018-2024
Organophosphate Pesticides Market Size 2013-2017 | Forecast 2018-2024
Market Dynamics of the Organophosphate Pesticides Market
The main driving forces for organophosphate pesticides market are - the pressure to meet the food demand of rapidly growing population and a sudden increase in demand of organophosphate pesticides due to rise in crop diseases due to pests. Other factors like advancement in farming, loss of agricultural lands to development, and launch of innovative products in the organophosphate pesticides market are likely to boost the market growth further.
On contrary, factors like advancement in seeds, rising use of genetically modified crops, high R & D costs, and unawareness among farmers regarding crop the infections will continue to act like constraints to the growth of organophosphate pesticides market.
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Organophosphate Pesticides Market – Segmentation
The organophosphate pesticides market can be segmented on the basis of product type, crop type and regions.
On the basis of product type, the organophosphate pesticides market can be segmented into the following categories:-
• Organophosphate Insecticides
• Organophosphate Herbicides
• Organophosphate Fungicides
On the basis of crop type, the organophosphate pesticides market can be segmented into the following categories:-
• Grains and Cereals
• Turf and Ornamental Plants
• Pulses and Oilseeds
• Fruits and Vegetables
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Overview of Organophosphate Pesticides Market by Regions
On the basis of geography, the organophosphate pesticides market can be segmented into the following key regions:-
• Latin America
• Europe
• Asia Pacific
• North America
• The Middle East and Africa
Mostly due to low cost of organophosphate pesticides and their availability in ample amount, the organophosphate pesticides market is getting traction. More intense R & D activities, new product development, joint ventures, collaborations, mergers and acquisitions are the strategies that market players are adopting in order to grow.
When we look at the regions, North America at present has the maximum revenue share of the organophosphate pesticides market. Factors like a complete shift of population towards organic farming, more and more adoption of eco-friendly farming practices, rising demand for healthy food products and government support to promote organophosphate pesticides are likely to boost growth in the organophosphate pesticides market.
Similarly, in Europe, There are factors like increase in production of high quality fruits and vegetable; an increase in demand for organophosphate pesticides; increase in R & D activities in order to develop newer and better products in organophosphate pesticides range etc which are likely to boost growth for the organophosphate pesticides market.
In Asia-Pacific, there are factors like - farming being the major economic activity of majority of counties in this region; more and more adoption of organic farming; a rise in demand for quality agricultural products to meet the need of growing population etc which will propel the growth for organophosphate pesticides market in this region.
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Organophosphate Pesticides Market – Competition Assessment
Few of the key players in organophosphate pesticides market are as listed below:-
• DuPont (U.S.)
• Monsanto Company (U.S.)
• Momentive Performance Materials (U.S),
• Syngenta AG (Switzerland)
• Akzonoble N.V. (Netherlands)
• Bayer CropScience AG (Germany)
• Brandt Consolidated (U.S.),
• Solvay SA (Belgium)
• The Dow Chemical Company (U.S.)
• Croda Chemicals (India)
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