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Dimethoate Market - Forecast (2022 - 2027)

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  • 136 Pages
  • February 2022
  • Region: Global
  • IndustryARC
  • ID: 5616207
The Dimethoate Market size is forecast to reach around $1 billion by 2027, after growing at a CAGR of 5% during 2022-2027. Dimethoate is an organophosphate insecticide with a camphor-like odor. Dimethoate is extensively used against a broad range of insects and pests like aphids, mites, thrips, and whiteflies which infect a number of crops like cotton, olives, mites, potatoes, tea, tobacco, and other vegetables. The rise in the global food demand and low cost with efficient output drive the dimethoate market. Globally demand for the Dimethoate market is expected to increase due to increased use of the chemical in agriculture, declining agricultural land, and growing population. However, stringent regulations about the utility & distribution of dimethoate pesticides and eco-friendly substitutes of dimethoate pesticides like Buprofezin & Imazamox, may act as a restraint for the growth of the market.

Report Coverage

The report: “Dimethoate Market - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Dimethoate Industry.
  • By Type: Aerosol Spray, Powder, Emulsifiable Concentrate (EC), and ULV Concentrate Formulations
  • By Crop Type: Agricultural Crops (Grains & Cereals, Oilseeds, Fruits & Vegetables, and Others) and Non-Agricultural (Turf & Ornamental, Plantation Crops, and Others)
  • By Application: Insecticides, Acaricide, Fungicides, and others
  • By End-Use: Foliar Spray, Soil Treatment, Seed Treatment, Post-Harvest, and Others
  • By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • The decline in agricultural land and growing food demand leading to demand for efficient and highly productive agricultural processes are expected to drive the market for dimethoate.

-The demand for Dimethoate is projected to grow at a greater velocity in the South America and Africa region due to escalating in food demand and availability of the agricultural land

  • The European market is witnessing a shift towards bio-based insecticides and pesticides. This may restrain the growth of the dimethoate market.
  • The outbreak of the coronavirus pandemic has hampered the growth of the market due to boundary closure, supply chain disruption and social distancing norms.

Dimethoate Market Segment Analysis - By Type

The emulsifiable Concentrate (EC) segment hold the largest share of more than 35% in the dimethoate market in 2019. Emulsifiable concentrates are oily liquid formulations that are prepared by dissolving a certain amount of pesticide in organic solvents such as benzene, toluene, xylene, and solvent oil, and also contain surfactants and other additives. ECs are simple to manufacture, have good chemical stability and spontaneous emulsification upon dilution. These set of properties augments the demand for emulsifiable concentrate (EC) dimethoates. However, the main disadvantage of using EC is that they contain flammable organic solvents that can lead to high-production costs, increased combustibility, and risks of explosion.

Dimethoate Market Segment Analysis - By Crop Type

The agricultural crops segment dominates the dimethoate market with a share of more than 55% in 2019. According to the United Nations Organization (UNO), the world population is projected to reach 8.5 billion in 2030, and to increase further to 9.7 billion in 2050. The growing population has increased the demand of cereals, oilseeds, and vegetables, which in turn boost the agriculture sector along with the use of dimethoates to protect crops, fruits and vegetables from insects to improve the per hectare production and fulfill the ever-growing demand for food. The Organisation for Economic Co-operation and Development has forecasted that global cereal production is projected to expand by 13% by 2027, subsequently augmenting the growth of the dimethoate market. Also, according to Trade Map, the value of total cereals imported worldwide increased from $ 110.16Mn in 2017 to $ 119.13 Mn in 2018.

Dimethoate Market Segment Analysis - By Application

The insecticides segment holds the largest share of more than 40% in the dimethoate market in 2019. The insects damage the crops by feeding over the leaves, stems, fruits, and roots of the plants. This causes injury to the plant part and promotes the viral, fungal, and bacterial infections resulting in the plant death. The accelerating use of dimethoate for the eradication of insects such as grasshoppers, caterpillars, beetles is driving the growth of the market. Dimethoate acts as a cholinesterase inhibitor that block the normal breakdown of acetylcholine, the main neurotransmitter that functions in both the peripheral nervous system and the central nervous system. Acetylcholine can then build up, causing a "jam" in the nervous system and lead to the death of insects.

Dimethoate Market Segment Analysis - By End-Use Industry

Based on the end-use, the foliar segment holds the largest share of 30% in the dimethoate market in 2019. Foliar feeding is an effective technique of applying pesticides directly onto the crops. Direct contact of pesticide with pests and insects results in the faster application of dimethoate. Dimethoate affects the central nervous system of pests. Destruction of the nervous system kill the insects and results in better crop productivity. Moreover, other mode of application such as soil treatment and post-harvest takes sufficient time in eliminating pests and thus, less preferred as compared to foliar application.

Dimethoate Market Segment Analysis - Geography

Among the regions, the Asia Pacific is projected to witness the highest CAGR of around 7% in the global market during the forecast period. Rapid industrialization and urbanization in emerging economic nations like China, India, and Malaysia have decreased the farming land further proliferating the use of dimethoate for pest elimination and high agricultural output. According to China’s Ministry of Natural Resources country’s arable land declined by 60,900 hectares and fell to 134.86 million hectares in 2017. Furthermore, an increase in commercial farming coupled with rapid population growth has fueled the growth of the dimethoate market. According to the Indian governmental report, total consumption of the food and beverage segment domestically is expected to reach $1.142 Tn by 2025, subsequently aiding the demand for dimethoate.

Dimethoate Market Drivers

FDI and government initiatives to the boosts agriculture sector

The government’s initiatives to increase the crop yield to mitigate the growing food demand drive the growth of the dimethoate market. For instance, in 2016, according to China’s Ministry of Agriculture, over 1,300 Chinese enterprises had overseas investments in agriculture, forestry, and fisheries valued at $26 billion. Also, in 2018, FDI in the U.S. agribusiness industry totaled more than $14 billion. Thus, owing to the various initiatives by the government and huge investments, agricultural production is increasing in the various regions. Thus, with the increasing crop production the demand for dimethoate is also increasing for the elimination of mites and insects, which acts as a driver for the growth of the dimethoate market.

High efficacy of dimethoate pesticides or insecticides

Insects or pests are getting adapted to the conventional insecticides hence the demand for organic compounds such as dimethoate is growing. The dimethoate is effective against a wide range of pest and destroy the nervous system and suppresses the metabolic growth of an organism. Due to their high efficacy they find applications in various agrochemical products such as insecticides, fungicides, weedicides, and acaricides. Thus, the resistance of insects towards various pesticides has made farmers to opt for Dimethoate as an option to fight against the crop eating insects which in turn boosts the market growth.

Dimethoate Market Challenges

Environmental and Health hazards of dimethoate

The environmental and health hazards of dimethoate are the major factors hampering the growth of the dimethoate market. The use of dimethoate in insecticides contaminates the ground water which and may enter the food chain. Exposure to dimethoate may cause hypotension, chest pain, lower heart rate, damages to the nervous system and even lead to death. Owing to its adverse effect many countries are banning the use of dimethoate in agrochemical products. For instance, in 2012, the Fresh Produce Exporters Association of Kenya has banned the use of dimethoate on vegetables and fruits that are produced to export to Europe. In addition, in April 2020, France banned the import of fresh cherries from countries where the use of the chemical dimethoate is permitted in cherry production.

Emergence of COVID-19

Food distribution channels of almost all countries across the world have been highly disrupted due to COVID 19 crisis. Wastage of fresh vegetables, fruits, and milk due to the inability by farmers or entrepreneurs to transport them from point of production to local markets or supermarkets in nearby towns or cities is negatively impacting the agriculture sector. World Trade Organization forecasted that the global trade will fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world. In addition, India's fruits and vegetables export declined by 16% and reached at $1 billion for the period between April 2019 and January 2020, from $1.19 billion for the same period the previous year, according to the Agricultural and Processed Food Products Export Development Authority (APEDA). Thus, the decline in the growth of the agricultural sector hampers the dimethoate market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the dimethoate market report. In 2019, the market of dimethoate has been consolidated by the top 10 companies accounting for xx% of the share. Major players in the dimethoate market are Chengdu Huaxi Industrial Co., Ltd, Bio Agro Chemicals, Rallis India Ltd, Sunfarm Agrochemicals Limited, Shenzhen King Quenson Industry Co., Ltd., FMC Corporation, Sigma-Aldrich, Inc, United Phosphorus Limited and Qingdao Unico International Trade Co., Ltd., among others.

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Table of Contents

1. Dimethoate Market - Market Overview
1.1 Definitions and Scope
2. Dimethoate Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Crop Type
2.4 Key Trends by Application
2.5 Key Trends by End-Use
2.6 Key Trends by Geography
3. Dimethoate Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis - Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Dimethoate Market - Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters five force model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. Dimethoate Market - Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Dimethoate Market - By Type (Market Size - $Million)
6.1 Aerosol Spray
6.2 Powder
6.3 Emulsifiable Concentrate (EC)
6.4 ULV Concentrate Formulations
7. Dimethoate Market - By Crop Type (Market Size - $Million)
7.1 Agricultural Crops
7.1.1 Grains & Cereals
7.1.2 Oilseeds
7.1.3 Fruits & Vegetables
7.1.4 Others
7.2 Non Agricultural Crops
7.2.1 Turf & Ornamental
7.2.2 Plantation Crops
7.2.3 Others
8. Dimethoate Market - By Application (Market Size - $Million)
8.1 Insecticides
8.2 Acaricide
8.3 Fungicides
8.4 Others
9. Dimethoate Market - By End-Use (Market Size - $Million)
9.1 Foliar Spray
9.2 Soil Treatment
9.3 Seed Treatment
9.4 Post-Harvest
9.5 Others
10. Dimethoate Market - By Geography (Market Size - $Million)
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 South America
10.2.1 Brazil
10.2.2 Argentina
10.2.3 Colombia
10.2.4 Chile
10.2.5 Rest of South America
10.3 Europe
10.3.1 U.K
10.3.2 Germany
10.3.3 Italy
10.3.4 France
10.3.5 Russia
10.3.6 Spain
10.3.7 Netherland
10.3.8 Belgium
10.3.9 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia & New Zealand
10.4.6 Rest of Asia Pacific
10.5 RoW
10.5.1 Middle East Saudi Arabia UAE Israel Rest of Middle East
10.5.2 Africa South Africa Nigeria Rest of Africa
11. Dimethoate Market - Entropy
11.1 New Product Launches
11.2 M&A’s, Collaborations, JVs and Partnerships
12. Dimethoate Market Company Analysis
12.1 Market Share, Company Revenue, Products, M&A, Developments
12.2 Company 1
12.3 Company 2
12.4 Company 3
12.5 Company 4
12.6 Company 5
12.7 Company 6
12.8 Company 7
12.9 Company 8
12.10 Company 9
12.11 Company 10 and more