Global Acephate Market - Industry Trends and Forecast to 2029

Global Acephate Market Analysis and Size

The acephate, an insecticide is sprayed on turf, horticulture crops as well as on golf courses. This insecticide is widely being deployed food crops, and citrus trees as a seed treatment. These type of insecticides are considered highly beneficial in commercial or institutional facilities.

• Global Acephate Market was valued at USD 1,341.60 million in 2021 and is expected to reach USD 1,726.08 million by 2029, registering a CAGR of 3.20% during the forecast period of 2022-2029. "Agriculture" accounts for the most prominent end user segment in the respective market owing to high usage in the agricultural fields. The market report curated by DBMR research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Global Acephate Market Definition

Acephate refers to an organophosphate foliar insecticide that is generally utilized for controlling aphids, such as resistance species in horticulture and vegetables. This colorless insecticide is applied on various crops or vegetables, including tomatoes, potatoes carrots, and lettuce to control pests such as sawflies, caterpillars and leaf miners.

Report Scope and Market Segmentation

Acephate Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Use of Agrochemicals

The increase in the use of agrochemicals due to the increased crop protection and to meet the global food demand acts as one of the major factors driving the growth of acephate market. The expansion of the agrochemical sector is increasing with the growing food concerns around the world.

• Rise in Government Initiatives

Furthermore, the rise in initiatives taken by government and support of public corporations for insect control will further expand the market in the forecast period of 2022 to 2029. The insect attacks on the food supply results in high economic loss, thus the adoptions of agrochemical has increased in the recent years.

• Rise in Hygiene Standards

The rise in hygiene standards especially across commercial or institutional facilities owning to the occurrences of various infections and diseases propel the demand for the insecticide in the coming years.

• Targeted Treatment

Acephate is known to kill target insects as their bodies turn it into a chemical called methamidophos that is a stronger insecticide when they touch acephate or eat it. Acephate has less toxicity towards mammals as their bodies do not turn it into methamidophos. This targeted action of the chemical accelerates its demand across end users.

• Increase in Number of Insect Attacks

The increase in employment of the insecticide in order to reduce losses caused by insect attacks and increase yield and quality of crops further influence the insecticides market. Thus, enhancement of agrochemical products have increased to prevent the growing attacks around the world.

Additionally, the surge in investments, expansion of agrochemical industry, increased prevalence of pest-related diseases, and rise in insect population positively affect the acephate market.

Opportunities

Furthermore, advancements in the manufacturing and the product extend profitable opportunities to the market players 2022 to 2029. Also, rise in research and development activities will further expand the market.

Restraints/Challenges faced by the Acephate Market

On the other hand, concerns regarding emission of toxic fumes of nitrogen, sulfur oxides and phosphorus when they are heated to decomposition. These fumes cause symptoms such as irritation of eyes and skin. Also, implementation of stringent regulations is projected to challenge the acephate market in the forecast period of 2022-2029.

This acephate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the acephate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 had a minimal Impact on Acephate Market

COVID-19 impacted various manufacturing industries in the year 2020-2021 as it lead to closure of workplaces, disruption of supply chains and restrictions on transportation. However, no significant impact was noticed on their insecticides' global operations and supply chain with multiple manufacturing facilities still in operation. The service providers continued offering rodent control services by following sanitation and safety measures in post-COVID scenario. The market is expected to witness healthy growth in the coming years owing to increase in the global population and growing food security concerns.

Recent Development

• Bayer and AlphaBio Control (UK) signed a distribution agreement for marketing Flipper™ developed by AlphaBio Control (UK) on June’2019. The innovative solution Flipper is expected to play a crucial role in Bayer’s tailored solutions, It will combine seeds and traits, biological and chemical crop protection products and with digital services to food chain and society.

Global Acephate Market Scope

The acephate market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Organo Chlorine
• Organo Phosphorus
• Carbamate
• Arsenicals
• Natural Sources
• Others

On the basis of type, the acephate market is segmented into organo chlorine, organo phosphorus, carbamate, arsenicals, natural sources and others.

Application

• Spray
• Dipping Vat
• Hand Dressing
• Others

On the basis of application, the acephate market is segmented into spray, dipping vat, hand dressing and others.

End-User

• Agriculture
• Animal Husbandry
• Commercial
• Others

On the basis of end user, the acephate market is segmented into agriculture, animal husbandry, commercial and others. The agriculture sector dominates the acephate market owing to the high usage of the product to prevent insect attacks on crops across the globe.

Acephate Market Regional Analysis/Insights

The acephate market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.

The countries covered in the acephate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the acephate market because of the high standards of hygiene and renovation and modernization activities in the economy and high awareness regarding insect control among the end users within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the unusual climatic conditions and availability of better than usual food supply in agriculture fields, expansion of agriculture sector, developing economy and inconsistent regulations in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Acephate Market Share Analysis

The acephate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to acephate market.

Some of the major players operating in the acephate market are:

• BASF SE (Germany)
• Nanjing Red Sun Co., Ltd. (China)
• Bayer AG (Germany)
• ChemChina (China)
• FMC Corporation (US)
• Corteva (US)
• Nufarm Global (Australia)
• UPL (India)
• Sumitomo Chemical Co., Ltd. (Japan)
• AMVAC Chemical Corporation (US)
• Syngenta AG (Switzerland)
• LUMITOS AG (Germany)
• ADAMA Ltd. (Israel)
• Rainbow Agro (China)
• Oxon Italia S.p.A. (Italy)
• Marrone Bio Innovations (US)
• Nissan Chemical Corporation (Japan)
• Arysta LifeScience Corporation (US)

Research Methodology : Global Acephate Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-acephate-market

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