Organophosphate Market is projected to expand at a 5.58% CAGR, attaining USD 9.902 billion in 2031 from USD 7.150 billion in 2025.
The organophosphates market is anticipated to grow as a result of several reasons, including population growth, rising human incomes, and increased consumer demand for food. Farmers are employing pesticides to eradicate weeds and pests due to the rising demand for cereals and grains throughout the world, which is fueling the market for organophosphate pesticides.
The main ingredients of pesticides, herbicides, and insecticides are organophosphate compounds. According to the OECD, by 2025, it is anticipated that global cereal usage will increase by 14% to 2,818 Mt. In comparison to the base period (2013-15), an 11% rise in wheat consumption is anticipated, which will increase the need for organophosphate insecticides. Furthermore, in March 2023, four organophosphate pesticides were subject to an initiative to hasten safeguards from the U.S. Environmental Protection Agency (EPA).
Working procedure of organophosphate
Food and water can both contain trace quantities. By migrating from the soil to the groundwater, organophosphates pollute drinking water. Organophosphate pesticides break down into several compounds as it ages. The majority of the demand is anticipated to go towards organophosphate pesticides.
To stop the damage that bugs have sparked, growers will need to use more organophosphate insecticides, both in terms of production and employment. The action of organophosphate is to interfere with acetylcholinesterase, an enzyme. When exposed to sunshine, air, and soil, organophosphate insecticides undergo a fast hydrolysis degradation process.
Rising food demand
The demand for organophosphate insecticides is driven by population growth, both in the home sector and in the agricultural sector where better crop yields are desired. According to the UN, by 2030, the global population will reach 8.5 billion. In addition, as per FAO, food consumption is expected to increase by 60% by 2050. The United States Department of Agriculture also launched a program called "The Agriculture and Food Research Initiative (AFRI)" to guarantee food security and safety and prepare the next generation of agricultural workers.
Rising demand for insecticides
The development of the manufacturing and agrochemical sectors has increased the efficiency of organophosphate pesticides against a range of pests, which is predicted to increase demand for these cutting-edge pesticides, impacting organophosphate market growth. The development of products in this industry will boost demand for organophosphate and open up favorable chances for the growth of the organophosphate market size.
Better pesticide technologies are needed for sustainable food production given the expanding global population. The adoption of strict food safety regulations, improvements in agricultural technology, and the international trade of food commodities are what are driving the global market for organophosphate pesticides.
By ingredient, parathion is expected to witness a notable CAGR
Parathion is predicted to represent a sizeable market, due to its stability in aqueous solutions and its wide variety of insecticidal effects. The market is anticipated to develop due to growing parathion usage in multiple applications. Throughout the projection period, malathion is also anticipated to develop at a high growth rate. In both residential and agricultural settings, this active component is utilized to control outdoor insects. Malathion's expanding use in pest control preparation is projected to have a beneficial effect on the organophosphate market size.
Asia Pacific and North American regions are anticipated to hold significant market shares
A growing need for inexpensive and effective pesticides will cause the Asia Pacific to hold a considerable market share in 2028. The need for crop protection goods has increased due to the expansion of the residential and industrial sectors and the reduction of arable land, which is anticipated to drive the market size for organophosphate. According to the Indian government, the country's food processing industry is anticipated to rise by 2025, and is predicted that domestic food and beverage consumption will exceed $1.14 trillion. As a result, the need for organophosphate pesticides to reduce plant diseases to fulfill the expanding global food demand is increasing along with the performance of agriculture.
Whereas, the North American region is predicted to have a high CAGR due to the region's robust chemical industries' increased demand for organophosphates. In the region, the market for organophosphate insecticides is mostly saturated. Most farmers favor pyrethrins because of their adaptability in suppressing varied types of insects. The pyrethrin insecticides are effective against all of the principal rice pests, including Rice Blister Beetles. Additionally, pyrethrin pesticides are frequently used to fight significant cotton pests including the Pink bollworm (Pectiniophera gossypiella), Whiteflies (Bemasi Tabaci), and Beet Armyworm (Spodoptera exigua).
Organophosphate Market Segmentation:
By Type
Insecticides
Fungicide
Herbicide
Others
By Chemical Compound
Parathion
Malathion
Chlorpyrifos
Diazion
Others
By Crop Type
Cereals & Grains
Pulses & Oilseeds
Fruits & Vegetables
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Italy
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others