FENITROTHION MARKET ANALYSIS

Fenitrothion MarketSize and Trends

Market Dynamics:

• Fenitrothion is an organophosphorous insecticide most commonly used in Australian agriculture to control insects and pest as well as locusts from the crops. Moreover, benefits associated with fenitrothion such as it offers pest control in a single spray and does not require additional sprays drives the market growth. The demand for fenitrothion is expected to increase during the forecast period, owing to rising agricultural activities across the globe. Moreover, the rising population is also driving demand for food products. For instance, according to the report published by the Department of Economic and Social Affairs suggested that the world’s population is growing at a noteworthy rate, accounting for about 7.7 billion in 2019 and expected to grow for over 9.7 billion by the year 2025. Hence, farmers need to increase the yield of the crops. This is expected to drive the overall growth of fentirothion market over the forecast period.
• However, stringent government regulations about the usage of fenitrothion in insecticides is expected to hamper growth of the global fenitrothion market over the forecast period. For instance, in July 2016, The New Zealand Environmental Protection Authority banned the import and manufacturing of fenitrothion-based insecticide products. Moreover, groundwater pollution associated with the use of fenitrothion is a major concern, as it is highly toxic for aquatic life in both fresh and sea water. This is one of the major factors hampering the market growth.