The Middle East and Africa organophosphate pesticides market size is expected to reach USD 493.10 million in 2024 and reach USD 619.51 million by 2029, growing at a CAGR of 4.67% from 2024 to 2029.
Organophosphate pesticides are one of the most commonly used groups of pesticides. In terms of significance, Organophosphate insecticides hold approximately 30% of the market share in the global insecticides market by type. Organophosphate pesticides are used for various crop types such as oil seeds, fruits & vegetables, grains & cereals. The organophosphate substances operate by hindering the enzyme acetylcholinesterase, which in turn causes nervous and respiratory damage, leading to the pest’s death. These pesticides are also comparatively low-priced and extensively applicable.
The growth of the Middle East and Africa organophosphate pesticides market is majorly driven by factors such as rising population, wide range of pest control applications of organophosphate pesticides, lower price, and easy availability. However, safer alternatives, volatile economies, and various environmental and health hazards linked with the chemicals from these pesticides are the major restraining factors for the market in this region.
The market has been geographically segmented into Middle East and Africa. The Middle East and Africa region is one of the fastest growing markets for Organophosphate Pesticides and is projected to grow substantially during the forecast period due to the rising disposable income levels, and increasing food security in this region.
Monsanto, DOW Agriscience LLC, Bayer Cropscience, Syngenta AG, BASF, Dupont, American Vanguard Corp, FMC Corporation, Adama Agricultural Solutions Ltd, Nufarm. Some of the market players dominate the Middle East And Africa organophosphate pesticides market.
Accounting for approximately 30% of the pesticides market share, the Organophosphate Pesticides market draws great deal of financing from agricultural input companies.
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