Organophosphate Insecticides Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global organophosphate insecticides market size is anticipated to expand at a CAGR of 1.4% during the forecast period, 2021 – 2028. The growth of the market is attributed increasing food demand and rising requirement for products to improve agricultural productivity.
Pesticides are chemicals that control a variety of pests that damage crops and reduce farm productivity. Organophosphate pesticides inhibit acetylcholinesterase, which is essential for normal functions of insects. Organophosphate works by disrupting the enzyme acetylcholinesterase. Acetylcholinesterase break down the acetylcholine neurotransmitter and kills the insects. Organophosphate compounds are a group of pesticides that includes some of the most toxic chemicals used in agriculture. These compounds are most widely used pesticides and their metabolites are used across different region. Organophosphate pesticides degrade rapidly by hydrolysis on exposure to sunlight, air, and soil. Small amounts can be detected in food and drinking water. Organophosphates contaminate drinking water by moving through the soil to the ground water. The time pesticide degrades, it is broken down into several chemicals. Organophosphates degrade faster than the organochlorides.
Market Trends, Drivers, Restraints, and Opportunities
Increasing adoption of agrochemicals is anticipated to drive the market growth. Rising crop losses due to insect attacks and advancement in farming practices & techniques are expected to positively impact the organophosphate insecticides market. Low cost of organophosphate insecticides with required results is speculated to boost the organophosphate insecticides market.