세계의 클로르피리포스 시장 예측(-2030년) : 유형별, 형태별, 용도별, 지역별 분석

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(TM) DEC, part of Dow's Decarbia(TM) 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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • 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