Chlorpyrifos Market
Chlorpyrifos Market Forecasts to 2030 - Global Analysis By Type (Outdoors Pesticide, Indoors Pesticide and Other Types), Form, Application and By Geography
According to Stratistics MRC, the Global Chlorpyrifos Market is accounted for $511.3 million in 2023 and is expected to reach $691.1 million by 2030 growing at a CAGR of 4.4% during the forecast period. Chlorpyrifos is an organophosphate insecticide widely used in agriculture to control pests on crops such as fruits, vegetables, and nuts. It works by disrupting the nervous system of insects, leading to paralysis and eventual death. Research suggests it may harm the nervous system and have adverse effects on human health, particularly in children and developing fetuses. Concerns about its persistence in the environment and its impact on non-target organisms have led to regulatory actions and bans in several countries, advocating for safer alternatives.
According to the World Health Organization, chlorpyrifos is considered moderately hazardous to humans and exposure to chlorpyrifos may lead to neurological effects, autoimmune disorders, and persistent development.
Market Dynamics:
Driver:
Rising demand in agricultural
The expansion of agricultural activities, particularly in developing regions experiencing rapid population growth and increasing food demand, contributes to the sustained demand for chlorpyrifos. As farmers strive to meet production targets and ensure food security, they rely on chlorpyrifos to safeguard their crops from damaging pests. Additionally, their relatively low cost compared to alternative pest control methods further fuels their demand among growers.
Restraint:
Regulatory restrictions
Several jurisdictions have implemented bans or restrictions on chlorpyrifos due to concerns about its impact on human health and the environment. Manufacturers have faced declining demand and reduced market opportunities as countries implement bans or restrictions. Therefore, this has led to increased demand for other insecticides or pest management practices, which has significantly hampered this market further.
Opportunity:
Technological advancements
Advancements in chemical synthesis techniques have led to more efficient and cost-effective manufacturing processes, contributing to increased production and availability of chlorpyrifos. Innovations in microencapsulation and nanoemulsion techniques have improved targeted delivery and prolonged release, maximizing its effectiveness while minimizing environmental impact. Additionally, advancements in application technologies such as precision agriculture and integrated pest management systems further drive this market growth.
Threat:
Health impacts
Numerous studies have linked chlorpyrifos exposure to adverse health effects, particularly in children and developing fetuses. It has been associated with neurological issues, developmental delays, and cognitive impairments. Due to these health concerns, regulatory bodies and advocacy groups have called for restrictions on chlorpyrifos. Furthermore, some countries and regions have banned its use, citing concerns about its impact on human health and the environment, which are hindering this market expansion.
Covid-19 Impact
The chlorpyrifos market experienced negative impacts due to the COVID-19 pandemic. With reduced agricultural activities and uncertainties in market demand, farmers scaled back on pesticide purchases, leading to a decline in sales for chlorpyrifos manufacturers. Stringent health and safety measures imposed to curb the spread of the virus added operational costs and compliance burdens for chlorpyrifos producers, squeezing profit margins. Additionally, labor shortages and logistical hurdles further hampered production and delivery schedules, exacerbating the market's woes.
The outdoors pesticide segment is expected to be the largest during the forecast period
The outdoor pesticide segment is estimated to hold the largest share due to its effectiveness against a variety of pests such as ants, termites, mosquitoes, and agricultural pests. These formulations ensure better targeting of pests while minimizing adverse effects on non-target organisms and ecosystems. Moreover, its broad-spectrum activity and residual effectiveness make it a preferred choice for pest management in outdoor environments, which is boosting this segment’s expansion.
The powder segment is expected to have the highest CAGR during the forecast period
The powder segment is anticipated to have highest CAGR during the forecast period. Powder formulations provide greater versatility and convenience, particularly for large-scale agricultural operations. The increasing demand for chlorpyrifos in powder form is often attributed to its ease of handling, storage, and application. Furthermore, regulatory changes and restrictions on other formulations of chlorpyrifos, such as liquid concentrates or granules, have prompted a shift towards powder formulations, which is driving their advancement and market penetration.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to increased agricultural activities and pest management needs. Chlorpyrifos, a widely used organophosphate insecticide, finds extensive application in crop protection across countries like China, India, and Japan. This region has also benefited from collaborations between industry players and research institutions to address environmental and health concerns associated with its use. Therefore, the adoption of modern farming techniques and the need for pest control solutions further boosted market growth.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to the fact that it is primarily employed in agriculture to control pests on various crops such as fruits, vegetables, and cereals. Stringent regulations regarding pesticide use have led to increased demand for safer and more effective alternatives, thereby stimulating research and development in the chlorpyrifos market. Additionally, growing concerns about food security and the need to enhance agricultural productivity have spurred the adoption of chlorpyrifos-based solutions in this region.
Key players in the market
Some of the key players in the Chlorpyrifos Market include Hubei Xiantao Xianlong Chemical, Jiangsu Baoling Chemical, DowDuPont, Zhejiang Xinnong Chemical, Bhagiradha Chemicals & Industries, Jiangsu Kuaida Agrochemical, Nanjing Redsun, Meghmani Organics, Sabero Organics Gujarat, Makhteshim Agan, Gharda Chemicals and Cheminova.
Key Developments:
In February 2024, The Dow Chemical Company, a wholly owned subsidiary of Dow, announced the closing of its green bond offering of $600 million aggregate principal amount of 5.150% notes due 2034 and $650 million aggregate principal amount of 5.600% notes due 2054.
In December 2023, Dow launched two caustic soda products-Caustic DEC and TRACELIGHT™ DEC, part of Dow’s Decarbia™ portfolio of reduced-carbon solutions, with up to 90% lower carbon dioxide*.
Types Covered:
• Outdoors Pesticide
• Indoors Pesticide
• Other Types
Forms Covered:
• Liquid
• Granular
• Powder
• Other Forms
Applications Covered:
• Commercial
• Residential
• Agriculture
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Chlorpyrifos Market, By Type
5.1 Introduction
5.2 Outdoors Pesticide
5.3 Indoors Pesticide
5.4 Other Types
6 Global Chlorpyrifos Market, By Form
6.1 Introduction
6.2 Liquid
6.3 Granular
6.4 Powder
6.5 Other Forms
7 Global Chlorpyrifos Market, By Application
7.1 Introduction
7.2 Commercial
7.3 Residential
7.4 Agriculture
7.5 Other Applications
8 Global Chlorpyrifos Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Hubei Xiantao Xianlong Chemical
10.2 Jiangsu Baoling Chemical
10.3 DowDuPont
10.4 Zhejiang Xinnong Chemical
10.5 Bhagiradha Chemicals & Industries
10.6 Jiangsu Kuaida Agrochemical
10.7 Nanjing Redsun
10.8 Meghmani Organics
10.9 Sabero Organics Gujarat
10.10 Makhteshim Agan
10.11 Gharda Chemicals
10.12 Cheminova
List of Tables
1 Global Chlorpyrifos Market Outlook, By Region (2021-2030) ($MN)
2 Global Chlorpyrifos Market Outlook, By Type (2021-2030) ($MN)
3 Global Chlorpyrifos Market Outlook, By Outdoors Pesticide (2021-2030) ($MN)
4 Global Chlorpyrifos Market Outlook, By Indoors Pesticide (2021-2030) ($MN)
5 Global Chlorpyrifos Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Chlorpyrifos Market Outlook, By Form (2021-2030) ($MN)
7 Global Chlorpyrifos Market Outlook, By Liquid (2021-2030) ($MN)
8 Global Chlorpyrifos Market Outlook, By Granular (2021-2030) ($MN)
9 Global Chlorpyrifos Market Outlook, By Powder (2021-2030) ($MN)
10 Global Chlorpyrifos Market Outlook, By Other Forms (2021-2030) ($MN)
11 Global Chlorpyrifos Market Outlook, By Application (2021-2030) ($MN)
12 Global Chlorpyrifos Market Outlook, By Commercial (2021-2030) ($MN)
13 Global Chlorpyrifos Market Outlook, By Residential (2021-2030) ($MN)
14 Global Chlorpyrifos Market Outlook, By Agriculture (2021-2030) ($MN)
15 Global Chlorpyrifos Market Outlook, By Other Applications (2021-2030) ($MN)
16 North America Chlorpyrifos Market Outlook, By Country (2021-2030) ($MN)
17 North America Chlorpyrifos Market Outlook, By Type (2021-2030) ($MN)
18 North America Chlorpyrifos Market Outlook, By Outdoors Pesticide (2021-2030) ($MN)
19 North America Chlorpyrifos Market Outlook, By Indoors Pesticide (2021-2030) ($MN)
20 North America Chlorpyrifos Market Outlook, By Other Types (2021-2030) ($MN)
21 North America Chlorpyrifos Market Outlook, By Form (2021-2030) ($MN)
22 North America Chlorpyrifos Market Outlook, By Liquid (2021-2030) ($MN)
23 North America Chlorpyrifos Market Outlook, By Granular (2021-2030) ($MN)
24 North America Chlorpyrifos Market Outlook, By Powder (2021-2030) ($MN)
25 North America Chlorpyrifos Market Outlook, By Other Forms (2021-2030) ($MN)
26 North America Chlorpyrifos Market Outlook, By Application (2021-2030) ($MN)
27 North America Chlorpyrifos Market Outlook, By Commercial (2021-2030) ($MN)
28 North America Chlorpyrifos Market Outlook, By Residential (2021-2030) ($MN)
29 North America Chlorpyrifos Market Outlook, By Agriculture (2021-2030) ($MN)
30 North America Chlorpyrifos Market Outlook, By Other Applications (2021-2030) ($MN)
31 Europe Chlorpyrifos Market Outlook, By Country (2021-2030) ($MN)
32 Europe Chlorpyrifos Market Outlook, By Type (2021-2030) ($MN)
33 Europe Chlorpyrifos Market Outlook, By Outdoors Pesticide (2021-2030) ($MN)
34 Europe Chlorpyrifos Market Outlook, By Indoors Pesticide (2021-2030) ($MN)
35 Europe Chlorpyrifos Market Outlook, By Other Types (2021-2030) ($MN)
36 Europe Chlorpyrifos Market Outlook, By Form (2021-2030) ($MN)
37 Europe Chlorpyrifos Market Outlook, By Liquid (2021-2030) ($MN)
38 Europe Chlorpyrifos Market Outlook, By Granular (2021-2030) ($MN)
39 Europe Chlorpyrifos Market Outlook, By Powder (2021-2030) ($MN)
40 Europe Chlorpyrifos Market Outlook, By Other Forms (2021-2030) ($MN)
41 Europe Chlorpyrifos Market Outlook, By Application (2021-2030) ($MN)
42 Europe Chlorpyrifos Market Outlook, By Commercial (2021-2030) ($MN)
43 Europe Chlorpyrifos Market Outlook, By Residential (2021-2030) ($MN)
44 Europe Chlorpyrifos Market Outlook, By Agriculture (2021-2030) ($MN)
45 Europe Chlorpyrifos Market Outlook, By Other Applications (2021-2030) ($MN)
46 Asia Pacific Chlorpyrifos Market Outlook, By Country (2021-2030) ($MN)
47 Asia Pacific Chlorpyrifos Market Outlook, By Type (2021-2030) ($MN)
48 Asia Pacific Chlorpyrifos Market Outlook, By Outdoors Pesticide (2021-2030) ($MN)
49 Asia Pacific Chlorpyrifos Market Outlook, By Indoors Pesticide (2021-2030) ($MN)
50 Asia Pacific Chlorpyrifos Market Outlook, By Other Types (2021-2030) ($MN)
51 Asia Pacific Chlorpyrifos Market Outlook, By Form (2021-2030) ($MN)
52 Asia Pacific Chlorpyrifos Market Outlook, By Liquid (2021-2030) ($MN)
53 Asia Pacific Chlorpyrifos Market Outlook, By Granular (2021-2030) ($MN)
54 Asia Pacific Chlorpyrifos Market Outlook, By Powder (2021-2030) ($MN)
55 Asia Pacific Chlorpyrifos Market Outlook, By Other Forms (2021-2030) ($MN)
56 Asia Pacific Chlorpyrifos Market Outlook, By Application (2021-2030) ($MN)
57 Asia Pacific Chlorpyrifos Market Outlook, By Commercial (2021-2030) ($MN)
58 Asia Pacific Chlorpyrifos Market Outlook, By Residential (2021-2030) ($MN)
59 Asia Pacific Chlorpyrifos Market Outlook, By Agriculture (2021-2030) ($MN)
60 Asia Pacific Chlorpyrifos Market Outlook, By Other Applications (2021-2030) ($MN)
61 South America Chlorpyrifos Market Outlook, By Country (2021-2030) ($MN)
62 South America Chlorpyrifos Market Outlook, By Type (2021-2030) ($MN)
63 South America Chlorpyrifos Market Outlook, By Outdoors Pesticide (2021-2030) ($MN)
64 South America Chlorpyrifos Market Outlook, By Indoors Pesticide (2021-2030) ($MN)
65 South America Chlorpyrifos Market Outlook, By Other Types (2021-2030) ($MN)
66 South America Chlorpyrifos Market Outlook, By Form (2021-2030) ($MN)
67 South America Chlorpyrifos Market Outlook, By Liquid (2021-2030) ($MN)
68 South America Chlorpyrifos Market Outlook, By Granular (2021-2030) ($MN)
69 South America Chlorpyrifos Market Outlook, By Powder (2021-2030) ($MN)
70 South America Chlorpyrifos Market Outlook, By Other Forms (2021-2030) ($MN)
71 South America Chlorpyrifos Market Outlook, By Application (2021-2030) ($MN)
72 South America Chlorpyrifos Market Outlook, By Commercial (2021-2030) ($MN)
73 South America Chlorpyrifos Market Outlook, By Residential (2021-2030) ($MN)
74 South America Chlorpyrifos Market Outlook, By Agriculture (2021-2030) ($MN)
75 South America Chlorpyrifos Market Outlook, By Other Applications (2021-2030) ($MN)
76 Middle East & Africa Chlorpyrifos Market Outlook, By Country (2021-2030) ($MN)
77 Middle East & Africa Chlorpyrifos Market Outlook, By Type (2021-2030) ($MN)
78 Middle East & Africa Chlorpyrifos Market Outlook, By Outdoors Pesticide (2021-2030) ($MN)
79 Middle East & Africa Chlorpyrifos Market Outlook, By Indoors Pesticide (2021-2030) ($MN)
80 Middle East & Africa Chlorpyrifos Market Outlook, By Other Types (2021-2030) ($MN)
81 Middle East & Africa Chlorpyrifos Market Outlook, By Form (2021-2030) ($MN)
82 Middle East & Africa Chlorpyrifos Market Outlook, By Liquid (2021-2030) ($MN)
83 Middle East & Africa Chlorpyrifos Market Outlook, By Granular (2021-2030) ($MN)
84 Middle East & Africa Chlorpyrifos Market Outlook, By Powder (2021-2030) ($MN)
85 Middle East & Africa Chlorpyrifos Market Outlook, By Other Forms (2021-2030) ($MN)
86 Middle East & Africa Chlorpyrifos Market Outlook, By Application (2021-2030) ($MN)
87 Middle East & Africa Chlorpyrifos Market Outlook, By Commercial (2021-2030) ($MN)
88 Middle East & Africa Chlorpyrifos Market Outlook, By Residential (2021-2030) ($MN)
89 Middle East & Africa Chlorpyrifos Market Outlook, By Agriculture (2021-2030) ($MN)
90 Middle East & Africa Chlorpyrifos Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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