Global chlorpyrifos market is expected to grow over the forecast period owing to its increasing demand in agriculture, commercial, and residential settings. The product is gaining popularity around the world owing to its use in controlling pests, insects, eliminate fleas, termites, and mosquitoes.
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High consumption of chlorpyrifos in various crops including almond, corn, cotton, citrus, and fruit trees such as grapes, peaches, and tomatoes is expected to propel market demand for the product over the forecast period. In addition, it is gaining demand from pet care industries for its application in the production of dog flea collars and dog shampoos.
It also finds wide use in agriculture as well as industrial sector, where the use of pesticides is done on a large-scale. However, this pesticide is contagious and can cause untold effects within the body, if touched, eaten or inhaled. For example, if people are exposed to large amount of chlorpyrifos, it can lead to nervous system damage.
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It can be segmented on the basis of its use in both indoors and outdoors as a pesticide. The product is manufactured for both home and commercial uses and its rising use in agriculture industry including cornfield, grape, and apple farms as well as to grow peanuts, cotton, wheat, beet, and vegetables. The product is manufactured for both residential and commercial uses as a pest control. In addition, its rising use in agriculture industry including cornfield, grape, and apple farms as well as to grow peanuts, cotton, wheat, beet, and vegetables is expected to propel the market demand over the forecast period.
Chlorpyrifos is an organophosphate insecticide, which is produced by white or colorless crystals and has odor similar to garlic or rotten eggs. The product was first registered by Dow Chemical Co. as an insecticide in 1965. Its increasing end-use applications in various sectors including agriculture are projected to be the driving factors for the pesticide market. However, stringent government regulations such as Cosmetic Act (FFDCA), the Emergency Planning and Community Right-to-Know Act (EPCRA), the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), the Clean Water Act (CWA), and the Endangered Species Act (ESA) are expected to restrain market growth over the next seven years.
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