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.
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3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
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