Organophosphate Insecticide Market Outlook by New Horizons Witnesses a Trajectory Growth Forecast to 2021

Global Organophosphate Insecticide Market is classified on the basis of active ingredients, applications and geography. Insecticides are pesticides that are formulated to kill, harm, repel or mitigate one or more species of insect. Insecticides work in different ways. Some insecticides disrupt the nervous system, whereas others may damage their exoskeletons, repel them or control them by some other means. They are classified based on their structure and mode of action. Insecticides are commonly used in agricultural, public health, and industrial applications, as well as household and commercial uses.

Organophosphates (OPs) are a class of insecticides, a number of which are highly toxic. Organophosphates are used in agriculture, homes, gardens, veterinary practices and so on. Certain organophosphorus insecticides such as malathion, naled, etc. are also used for mosquito control. The main mechanism is to block the enzyme acetylcholinesterase mainly responsible to cause nervous and respiratory damages that result in the insect’s death, but they can also turn hazardous for human health.

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The key factor that propels the growth of organophosphate insecticide market includes ever increasing population and increasing demand for food. In addition, necessity to increase crop yield as well as efficiency also fuels the growth of the market.

Also, the product and technological advances coupled with rising demand positively influence the growth of the market. Moreover, factors such as availability of organophosphate insecticide and superior performance also drive the market growth. On the other hand, there are also factors that may hamper the growth of the market such as regulatory concerns owing to acute toxicity of chemicals to the environment. In addition, growing inclination of consumers towards substitutes and environment friendly options restraints the growth of the Organophosphate Insecticide Market.

Organophosphate Insecticide Market is classified on the basis of active ingredients as parathion, malathion, chloropyriphos, diazinon, dimethoate, glyphosate, methamidophos, and the other organophosphates. Based on application, the global market is bifurcated as crop based and non-crop based. The crop based application is further sub classified as cereals and grains, oilseeds, fruits and vegetables and others. The non-crop based application is further sub classified as turfs, ornamentals and others. Among the applications, cereals and grains segment account a significant share of organophosphate insecticide market. Some of the key players that fuel the growth of global market include ADAMA Agricultural, BASF, Bayer, Dow Chemical, DuPont, FMC Corporation, Syngenta, Sumitomo Chemical, and Nufarm.

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