High-Efficiency and Low Cost Driving Demand
Organophosphate insecticides are highly effective insect control agents, because of their ability to depress the level of cholinesterase enzymes in the blood and nervous system of insects. In some cases, the cost of pest management may rise sufficiently that producers accept yield losses instead of paying for the alternative form of pest management. For instance, broccoli producers currently have no viable alternative pesticide to control cabbage maggot. If organophosphate pesticides are banned, producers will be forced to accept yield losses, as cabbage maggot destroys some of the crops.
More Reliance on Organophosphates
Currently, organophosphate insecticides account for more than 30% of the worldwide insecticide sales. Organophosphate pesticides are used in many crops in the United States, with corn, and cotton accounting for the majority of the total organophosphate insecticide use. According to the Environmental Protection Agency (EPA) report, over 50% of all organophosphate insecticides were applied to these two crops, with no other major commodity using organophosphate insecticides for more than 5% of total pesticide use. Cotton and corn are widely grown crops, with intensive use of pesticides per acre, which may make it necessary to restrict organophosphate insecticide use on minor crops. Pesticide use may be quite intensive on such crops as fruits, vegetables, and specialty crops in order to protect the high-value crops from pest damage. Because consumers eat many fruits and vegetables fresh from the producer, these crops may also expose consumers to increased pesticide risk.
Key Developments in the Market
With the growing demand, the global organophosphate pesticides market is experiencing a number of new product launches, mergers & acquisitions, and partnership between the global players.
- December 2017: The US Environmental Protection Agency (EPA) issued a new report, declaring that the herbicide, Glyphosate, does not pose any meaningful risk to humans. The news will definitely help in increasing the sale of the product.
Reasons to Purchase this Report
- Global, regional and country-level analysis, along with forecasts of the study market.
- Study of the effect of exogenous & endogenous factors, viz. demographic, economics, and political factors, among others, which affect the global market.
- Porter’s five forces framework incorporating the factors influencing each force to determine the intensity of competition.
- Segment and sub-segment level analysis of the market over the review and forecast period.
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities and gaining a competitive edge.
- SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
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1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Market Segmentation
2.4 Research Methodology
2.5 Research Phases
3. Market Dynamics
3.1.1 Growing Food Demand and Shrinking Land
3.1.2 High-Efficiency and Low Cost
3.1.3 Demand for Pesticides in Developing Countries
3.1.4 More Reliance on Pesticide Use
3.2.1 Availability of Eco-Friendly Alternatives
3.2.2 Burgeoning Research and Development Costs
4. Industry Analysis
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitute Products and Services
4.1.5 Degree of Competition
5. Market Segmentation
5.1 By Active Ingrediants
5.1.8 Other Organophophates
5.2 By Type
5.3 By Application
18.104.22.168 Cereals & Grains
22.214.171.124 Oil Seeds
126.96.36.199 Fruits & Vegetables
5.3.2 Non-Crop- Based
188.8.131.52 Turf & Ornamental Grass
5.4 By Geography
5.4.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
5.4.4 South America
5.4.5 Rest of the World
6. Competitive Landscape
6.1 Major Strategies Adopted by Leading Players
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.2 Cheminova AS
7.4 Bayer CropScience AG
7.5 BASF SE
7.6 Dow AgroSciences
7.8 SinoHarvest Corporation
7.10 United Phosphorus Limited
7.11 Sumitomo Chemical
7.12 Arysta LifeScience
7.13 FMC Agricultural Solutions
8. Future Outlook of the Market
- Cheminova AS
- Bayer CropScience AG
- BASF SE
- Dow AgroSciences
- SinoHarvest Corporation
- United Phosphorus Limited
- Sumitomo Chemical
- Arysta LifeScience
- FMC Agricultural Solutions