[FURL=https://www.industryarc.com/Report/16024/dimethoate-market.html]Dimethoate Market[/FURL] size is forecast to reach around $1 billion by 2025, after growing at a CAGR of 5% during 2020-2025. Dimethoate is an organophosphate insecticide with a camphor-like odor. Dimethoate is extensively used against a broad range of insects and pests like aphids, mites, thrips, and whiteflies which infect a number of crops like cotton, olives, mites, potatoes, tea, tobacco, and other vegetables. Rise in the global food demand and low cost with efficient output drive the dimethoate market. Globally demand for Dimethoate market is expected to increase due to increased use of the chemical in agriculture, declining agricultural land, and growing population. However, stringent regulations about the utility & distribution of dimethoate pesticides and eco-friendly substitutes of dimethoate pesticides like Buprofezin & Imazamox, may act as a restraint for the growth of the market.Key Takeaways
The decline in agricultural land and growing food demand leading to demand for efficient and highly productive agricultural processes are expected to drive the market for dimethoate.
The demand for Dimethoate is projected to grow at greater velocity in the South America and Africa region due to escalating in food demand and availability of the agricultural land
The European market is witnessing a shift towards bio-based insecticides and pesticides. This may restrain the growth of the dimethoate market.
The outbreak of coronavirus pandemic has hampered the growth of the market due to boundary closure, supply chain disruption and social distancing norms.
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Dimethoate Market Segment Analysis - Geography
Among the regions, the Asia Pacific is projected to witness the highest CAGR of around 7% in the global market during the forecast period. Rapid industrialization and urbanization in emerging economic nations like China, India, and Malaysia has decreased the farming land further proliferating the use of dimethoate for pest elimination and high agricultural output. According to China’s Ministry of Natural Resources country’s arable land declined by 60,900 hectares and fell to 134.86 million hectares in 2017.
Dimethoate Market Drivers
FDI and government initiatives to boosts agriculture sector
High efficacy of dimethoate pesticides or insecticides
Major players in the dimethoate market are Chengdu Huaxi Industrial Co., Ltd, Bio Agro Chemicals, Rallis India Ltd, Sunfarm Agrochemicals Limited, Shenzhen King Quenson Industry Co., Ltd., FMC Corporation, Sigma-Aldrich, Inc, United Phosphorus Limited and Qingdao Unico International Trade Co., Ltd., among others.
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