(EMAILWIRE.COM, January 03, 2017 ) The North America Organophosphate Pesticides Market was worth $1.71 billion in 2016 and estimated to be growing at a CAGR of 5.13%, to reach $2.19 billion by 2021. Organophosphate Pesticides are one of the most regularly used groups of pesticides.

Organophosphates are the basis of many insecticides, herbicides, and pesticides. The organophosphate substances function by thwarting the enzyme acetyl cholinesterase, which in turn triggers nervous and respiratory damages leading to the pest’s death. Organophosphates are comprehensively used due to their multi-faceted purpose as fumigant, systemic or contact insecticide.

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The growth of the North America Organophosphate Pesticides market is majorly driven by factors such as high performance of organophosphates, lower price, and easy availability. However, issues such as toxicity of these substances towards environment and high research and development costs are the major restraints for the market growth in this region.

The North America Organophosphate Pesticides market is segmented based on Ingredients, Type, and Application. The market for Organophosphate Pesticides, on the basis of Ingredients, is classified into Malathion, Diazinon, Glyphosate, Methamidophos, Dimethoate, Chloropyriphos, Parathion, and Other Organophosphates. On the basis of type, the Organophosphate Pesticides market is segmented into Herbicide, Fungicide, Insecticide, and others. On the basis of Application, the Organophosphate Pesticides market is segmented into Crop Based and Non Crop Based. Crop Based segment is further sub-segmented into Oil seeds, Fruits & Vegetables, Grains & Cereals, whereas Non Crop Based segment is further sub-segmented into Turf & Ornamental Grass and others. By application, grains & cereals lead the market for Organophosphate Pesticides and this trend is anticipated to remain during the forecast period.

Scope of the Report:

• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

The North America market, which is the second major consumer of Organophosphate Pesticides has been geographically segmented into segmented into US and Canada. The market in this region is expected to grow at a slow rate largely owing to resilient government control, due to the dangerous effects of chemicals over humans and environment.

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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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