(EMAILWIRE.COM, January 06, 2017 ) According to the report “Global Organophosphate Pesticides Market", published by Market Data Forecast, the global market is projected to reach USD $8.49billion by 2021, at a CAGR of 5.27% from 2016 to 2021.

Organophosphate Pesticides are one of the most regularly used groups of pesticides. Organophosphates are the source of many insecticides, herbicides, and pesticides. These chemicals are usually formed by the reaction of alcohols and phosphoric acid. Organophosphates are extensively used due to their multi-faceted function as fumigant, systemic or contact insecticide.

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Factors such as rising population, extensive variety of pest control applications of organophosphate pesticides, lower price, and easy availability drive the growth of the Global Organophosphate Pesticides Market. However, safer substitutes, unpredictable economies, and numerous environmental and health hazards linked with the chemicals from these pesticides are the major restraining factors for the market.

The organophosphate pesticides are segmented as follows:

1) Based on Ingredients:
• Malathion
• Diazinon
• Glyphosate
• Methamidophos
• Dimethoate
• Chloropyriphos
• Parathion
• Other Organophosphates

2) Based on Type:
• Herbicide
• Fungicide
• Insecticide
• Others

3) Based on Application:
• Crop Based
• Oil seeds
• Fruits & Vegetables
• Grains & Cereals
• Non Crop Based
• Turf & Ornamental Grass
• Others

4) Geographical Segmentation:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

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Accounting for approximately 30% of the pesticides market share, the Organophosphate Pesticides market draws great deal of financing from agricultural input companies. The major companies dominating this market are Monsanto, DOW Agriscience LLC, Bayer Cropscience, Syngenta AG, BASF, Dupont, American Vanguard Corp, FMC Corporation, Adama Agricultural Solutions Ltd. and Nufarm.

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