This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Profenofos Market

Market Insights on Profenofos covering sales outlook, demand forecast & up-to-date key trends

Profenofos Market By Crop Type (Cotton, Maize, Potato, Soybean, Pulses, Others), Packaging (Bottled Packaging, Bag Packaging) & Region - Forecast 2022 - 2032

Profenofos Market Overview

Global Profenofos demand is anticipated to be valued at US$ 1.22 Billion in 2022, forecast to grow at a CAGR of 5%to be valued at US$ 8.8 Billion from 2022 to 2032. During the projected period, the cotton sector is expected to dominate the worldwide Profenofos market.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 1.18 Billion

Expected Market Value (2022)

US$ 1.22 Billion

Anticipated Forecast Value (2032)

US$ 2 Billion

Projected Growth Rate (2022-2032)

5% CAGR

Profenofos (C11H15BrClO3PS) is an organic thiophosphate that is used in agriculture as a broad-spectrum organophosphate pesticide.

Profenofos is available in amber or light yellow liquid form. It smells like garlic. Because it is extremely soluble in organic solvents, it makes it simple to apply pesticides to plants.

Profenofos is a chemical that is used in the production of foliar insecticides, miticides, and acaricides. It destroys insects and pests while also protecting crops. Profenofos is recognized as a class II hazard by the World Health Organization.

Profenofos is used as a pesticide to protect crops from damage caused by pests and insects. The chemical formula for Profenofos is (RS) -0-4-bromo-2-chlorophynyl. 0 ethyls S-Propylphosphorothioate It's a light yellow liquid with a garlic-like odor. Profenofos belongs to the chemical class organophosphate. It is quite stable in neutral and slightly acidic environments. Hydrolysis of Profenofos causes it to become unstable in alkaline settings.

Because it is extremely soluble in organic solvents, it facilitates the administration of pesticides to plants. Profenofos is used in insecticides and as a miticide. It is applied to crops to protect them from insects and pests.

Which are Some Prominent Drivers Spearheading Profenofos Market Growth?

Due to dwindling cultivable area, there is a strong desire to raise agricultural production throughout the world, which has resulted in a rise in demand for Profenofos. This is the key driver of Profenofos growth. Global population growth and increased need for food crops have increased the demand for more agricultural output. This is predicted to increase demand for a variety of agrochemicals, including fertilizers, pesticides, and insecticides. Insecticide demand is expected to drive the worldwide Profenofos market over the forecast period.

The worldwide Profenofos market is being fueled by an increase in cotton demand and an increase in cotton growing areas. Profenofos, which is largely employed as a pesticide, is mostly utilized by the world's agricultural economy. Developing economies that rely heavily on agriculture, such as India and Bangladesh, are expected to be important markets for Profenofos in the future years. Smaller African nations with large agricultural regions are also expected to have considerable demand for Profenofos.

Customize this Report

Let us know your requirement to get
100% FREE customization

What are the Challenges Faced by the Profenofos Industry?

The significant amount of toxicity present in Profenofos chemical is expected to stifle its growth, and owing to severe adverse effects, Profenofos must be handled with extreme caution. Profenofos has a severe influence on marine life as well as other living creatures, according to research on its gene toxic effect. When it comes into touch with live animals, it has an influence on their DNA.

The implementation of rigorous laws regarding the use of pesticides and insecticides in certain places such as the EU is expected to stymie the market throughout the projected period. The market is also expected to be hampered by Profenofos chemical's high level of toxicity. Profenofos has a number of negative consequences on marine life and other living beings because it alters the DNA of living animals. This is also expected to have a negative impact on the market.

Why is Asia-Pacific emerging as an Opportunistic Profenofos Market?

In 2022, Asia Pacific is expected to dominate the worldwide market, owing to the presence of significant manufacturers and increased demand for agrochemicals such as insecticides and pesticides in the area. Growth in agricultural productivity in Asia Pacific is expected to improve the region's Profenofos industry.

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

How is Europe Contributing to Growth of the Profenofos Market?

During the projection period, the European market is predicted to increase rapidly. Profenofos was not licensed in the European Union until 2015; however various regulatory authorities have decided that the overall risk of taking Profenofos is within acceptable limits. This has increased the region's need for Profenofos.

Market Competition

The worldwide profenofos market is fragmented, with various regional and global producers present. To preserve their market leadership, prominent industry players are spending in joint ventures, expansion, and new product launches. Leading market competitors are investing in the development of innovative production methods.

The key market participants are Coromandel International Limited, Hualong Chemical Industry Co. Ltd., Jiangsu Baoling Chemical Co. Ltd, Zagro Singapore Pte. Ltd., National Company for Agricultural Production, Acme Organics and Fulon Industrial Chemicals among others.

Market participants are concentrating their efforts on developing a better pesticide that uses Profenofos to protect crops. Industry is also following the trend of producing eco-friendly items that are less hazardous to the environment than present ones.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Scope Of Report

Report Attribute

Details

Growth Rate

CAGR of 5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Crop Type
  • Packaging
  • Region

Regions Covered

  • North America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Latin America
  • Middle East and Africa.

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Hualong Chemical Industry Co. Ltd.
  • Jiangsu Baoling Chemical Co. Ltd
  • Zagro Singapore Pte. Ltd.
  • National Company for Agricultural Production,
  • Acme Organics
  • Fulon Industrial Chemicals

Customization

Available Upon Request

Key Segments Profiled in the Profenofos Industry Survey

Crop Type

  • Cotton
  • Maize
  • Potato
  • Soybean
  • Pulses
  • Others (Fruits & Vegetables, etc.)

Packaging

  • Bottled Packaging
  • Bag Packaging

Region

  • North America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Latin America
  • Middle East and Africa.

Frequently Asked Questions

FMI projects the global Profenofos market to expand at a 5% value CAGR by 2032

Asia Pacific is expected to be the most opportunistic Profenofos market.

Prominent profenofos manufacturers include Coromandel International Limited, Hualong Chemical Industry Co. Ltd., Jiangsu Baoling Chemical Co. Ltd, Zagro Singapore Pte. Ltd., National Company for Agricultural Production, Acme Organics and Fulon Industrial Chemicals among others.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst
List of Charts

NA

Need specific information?

Request Customization

Explore Chemicals & Materials Insights

View Reports
Google translate