Global Organophosphate Pesticide Market
The organophosphate compounds comprise the biggest group of chemical insecticides, which are utilized in protecting crops, all over the world. Among all the insecticides utilized in the US, organophosphates involve greater part of the share, with chlorpyrifos, acephate, malathion, phorate, naled, dicrotophos, dimethoate, phosmet, terbufos, tetrachlorvinphos, and ethoprophos being the most broadly utilized pesticide. Because of solid government control over the ill-effects of chemicals on environment and humans, both, the global organophosphate pesticide market is estimated to grow within the forecast period from 2018 to 2023.
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Global Organophosphate Pesticide Market: Key Development
- Inferable from the developing interest, the global organophosphate pesticide market is encountering a few new item dispatches, mergers and acquisitions, and organization between the global players.
- February 2018: US Environmental Protection Agency (EPA) fined agribusiness organization Syngenta for infringement of pesticide guidelines. Syngenta is slated to pay USD 150,000 for inappropriately utilizing the organophosphate pesticide chlorpyrifos at a seed corn field in Hawaii in 2016 and 2017.
The major players operating in global organophosphate pesticide market are Cheminova AS, DuPont, Syngenta, BASF SE, Bayer Cropscience AG, Dow AgroSciences, Sinoharvest Corporation, Nufarm, Monsanto, Sumitomo Chemical, United Phosphorus Limited, Arysta Lifescience, ADAMA, FMC Agricultural Solutions, and so on.
Global Organophosphate Pesticide Market
Out of the several crop protection chemicals, organophosphate insecticides are exceptionally effective insect control products. Sometimes, the expense of pest management might increase adequately, to such an extent that makers acknowledge crop loss as opposed to paying for the optional type of pest management. For example, producers of broccoli right now have no reasonable optional pesticide to control cabbage parasites. In case that organophosphate pesticides are prohibited, makers will be forced to acknowledge crop loss, as cabbage worm spoils the crops.
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Right now, organophosphate insecticides represent over 30% of the overall insecticide revenue. Organophosphate pesticides are utilized in numerous crops in the United States, with cotton and corn representing most of the entire organophosphate insecticide usage. As per the Environmental Protection Agency (EPA) report, over half of all organophosphate insecticide were used in the two above mentioned crops. Pesticide usage might be very serious on harvests, for example, vegetables, organic products, and specialty yields to shield the high-end crops from pest harm. As buyers eat fresh veggies and fruits, these harvests may likewise open purchasers to surged risk of pesticide.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.