Global Acephate Market Size, Share, and COVID-19 Impact Analysis, By Form (Powder, Granules, Liquids & Water-Soluble Packets), By End-User (Agriculture, Animal Husbandry, Commercial, Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS

The acephate market was valued at US$ 1.34 Billion in 2021 and is projected to reach US$ 1.97 Billion by 2030, at a CAGR of 4.3%. An organophosphate foliar pesticide called acephate is primarily used to control aphids, especially resistant species, in horticulture and on vegetables. To combat pests including leaf miners, sawflies, thrips, and caterpillars in, this colorless to white solid is sprayed on a variety of crops or vegetables (carrots, tomatoes, lettuce, and potatoes). Additionally, it is sprayed on turf, horticultural crops, and golf courses. It is applied to food crops, citrus trees, golf courses, commercial or institutional buildings, and as a seed treatment. It can either be sprayed onto vegetation or combined as a powder with the soil around the plants. Acephate is offered for sale as a powder, granules, liquid, tablet, and in packages that are water-soluble. The residual effects of acephate as a general pesticide last for 10 to 15 days.

COVID-19 ANALYSIS

COVID-19 influenced a variety of manufacturing businesses since it caused workplace closures, supply chain disruptions, and transit limitations. However, with numerous manufacturing facilities still in operation, no appreciable influence was seen on their pesticides' global operations and supply chain. In the post-COVID situation, the service providers kept providing rodent control services while maintaining cleanliness and safety standards. Due to the rising worldwide population and increased worries about food security, the industry is anticipated to rise strongly in the upcoming years.

TREND

Growing Demand in Agriculture Sector

The expanding agricultural industry is one of the key factors influencing the acephate market. The use of agrochemicals on farmlands is required due to the increased crop forming required to feed the growing population. It is extremely important to farming activity. The primary factors influencing market expansion in the next years are the expanding agricultural sector and the requirement for quicker crop forming. In addition, the increased usage of agrochemicals to protect crops and meet global food demand is boosting market expansion.

DRIVERS

Growing Demand of Pesticides

The market for insecticides is also influenced by an increase in the usage of pesticides to boost crop forming and quality while decreasing losses brought on by insect assaults. As a result, agrochemical form enhancement has increased to stop the global increase in attacks.

Rising Usage in Agrochemicals Aiding the Market Growth

Greater crop protection and the need to meet the world's food demand result in increased use of agrochemicals, which spurs market expansion. The agriculture sector's growth and the need for faster crop output are the main variables affecting market expansion in the upcoming years. Additionally, agrochemicals are being used more frequently to preserve crops and meet the world's growing food demand.

RESTRAINT

Concerns Pertaining to Health Issues

Acephate exposure might result in stomach pains, diarrhea, nausea, perspiration, and a quick heartbeat. Thus, negative health effects related to acephate consumption could limit market expansion. Concerns about the hazardous fumes that nitrogen, sulphur oxides, and phosphorus emit when heated to the point of breakdown. Symptoms of these fumes include skin and eye discomfort.

SEGMENTATION INSIGHTS

The global acephate market is segmented by Form (Powder, Granules, Liquids & Water-Soluble Packets), by End-User (Agriculture, Animal Husbandry, Commercial, Others) and region. Based on the form, the market is categorized into powder, granules, liquids & water-soluble packets. Based on end-user, the market is categorized into agriculture, animal husbandry, commercial, others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

REGIONAL INSIGHTS

The global acephate market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to dominate the market share of global acephate market owing to strict standards for hygiene, economic renovation and modernization, and end-user knowledge of the importance of bug management. However, Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. The market is driven by unusually favorable climatic circumstances, increased access to better than usual food supplies in agricultural fields, and expansion of the agriculture industry.

LIST OF KEY COMPANIES PROFILED:

· Bayer Crop Science

· Drexel Chemical Company

· Gujarat Pesticides

· Kenvos Biotech Company

· Arysta LifeScience Corporation

· Sanonda

· Lanfeng Biochemical

· JiaHua

· LUMITOS AG

· Syngenta AG

· UPL

· Sinon

· VeYong

· Others

KEY INDUSTRY DEVELOPMENTS:

• June 2019- A distribution contract by Bayer and AlphaBio Management to distribute FlipperTM, a cutting-edge biological pest control solution created by AlphaBio.

SEGMENTATION

By Form

• Powder
• Granules
• Liquids
• Water-Soluble Packets

By End-User

• Agriculture
• Animal Husbandry
• Commercial
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa