Phorate Market Size & Outlook, 2026-2034

Phorate Market Overview

The global phorate market size is estimated at USD 1.13 billion in 2025 and is projected to reach USD 1.90 billion by 2034, growing at a CAGR of 5.9% during the forecast period. The Phorate market is propelled by its dominant application in the agriculture and horticulture industry as a key pesticide. It is applicable for multiple types of crops such as cotton, sorghum, beet, wheat, and others. A remarkable increase in the production of wheat propels the demand for phorate as a pesticide for farming purposes. The global wheat production increased from 792.34 million tons to 800.86 million tons this year. Such an increase in grain production and rising demand for the same influences the investment in grain farming, thereby fueling the demand for pesticides such as phorate.

Key Market Trends & Insights

• Asia Pacific held a dominant share of the market, accounting for 44.00% revenue share in 2025.
• The North America region grew at the fastest pace, with a CAGR of 6.41% from 2026 to 2034
• Based on form, the particles segment held the highest market share of 49.10% in 2025.
• The liquid form is projected to register the fastest CAGR growth of 6.13% during the forecast period.
• The cotton segment dominated the market with a revenue share of 36.00% in 2025.
• Based on application, the sorghum segment is projected to register the fastest CAGR growth of 6.37% from 2026 to 2034.
• China dominated the regional market in 2025 with a revenue share of 32.56%.

Table: China Phorate Market Size

Source: Straits Research

Market Size & Forecast

• 2025 Market Size: USD 1.13 billion
• 2034 Projected Market Size: USD 1.90 billion
• CAGR (2026-2034): 5.9%
• Dominating Region: Asia Pacific
• Fastest-Growing Region: North America

Phorate is an organophosphate insecticide widely applicable in agriculture to control soil and systemic pests. It is available in multiple forms, such as particles, powder, and liquid, as well. It acts by inhibiting the acetylcholinesterase enzyme in the nervous system. It is a highly toxic chemical that eventually protects crops from pests. Growing investments in agriculture propel the demand for phorate.

Latest Market Trends

Government Notifications Escalating Utilization of Organic Pesticides

Utilization of inorganic pesticides in farming raised health challenges for the farmworkers and for the society living near the farm fields. Hence, the government is taking initiatives to promote the utilization of organic pesticides in place of inorganic pesticides. For example, the California Department of Pesticide Regulation updated a notification on pesticide spraying in the fields near society and schools. Such government notifications are influencing the demand for organic pesticides over inorganic ones, thereby impacting the demand for phorate-based pesticides.

Microencapsulation: An Innovative Pest Control Way

Microencapsulation is a key production trend in the phorate insecticide market, by uses microencapsulation technology to develop controlled-release formulations. This involves encapsulating phorate in nano-coatings or polymeric shells, enabling controlled release that reduces application frequency and dosage by 25–40%. This technology minimizes environmental runoff and human exposure to phorate’s high toxicity.

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Phorate Market Driver

Growth of the Cotton Industry

The increasing demand for cotton from the textile industry and the subsequent rise in production of cotton accelerate the demand for phorate as a key pesticide for the cotton crop. For instance, China’s cotton production increased from 27.4 million Bales in 2023-24 to 31.0 million Bales in 2024-25. This notable rise in the production of cotton eventually propels the demand for phorate as a key pesticide for enhancing crop yield.

Market Restraint

Phorate & Associated Toxicities

Phorate is a toxic chemical for humans with major health risks such as pulmonary oedema, cerebral oedema. As an insecticide, it is highly water-soluble, allowing it to contaminate groundwater as well. According to the EU Pesticides, the approval for phorate as an active substance expired, and it is no longer approved for use within the EU. Such initiatives by regulatory bodies to restrict approval for phorate-based pesticides underscore limitations on market growth.

Market Opportunity

Government Subsidies for Agriculture

Phorate is utilized in the production of corn and soybeans to control a wide range of soil-dwelling and sucking insects and nematodes. Government subsidies for the agriculture industry for various aspects present opportunities for market growth. The Chinese government released new subsidies for the agriculture industry this year. The subsidies included various categories such as the Farmland soil protection subsidy, the Agricultural machinery subsidy, “One spray, three prevention” subsidy for wheat, Soybean-corn intercropping subsidy, Corn and soybean subsidy, and other subsidies. Such broad categories considered for subsidies underscore the demand for pesticides, thereby promoting the demand for phorate.

Regional Analysis

According to Straits Research, the Asia Pacific dominated the market in 2025, accounting for 44.00% market share. This dominance is attributed to the presence of agriculture-oriented countries such as India with a strong demand for pesticides, the government’s strategic initiatives for the development of the domestic agriculture industry, and a growing approach to innovative pesticide products.

India is the most prominent country in grain production. According to the Government of India, the foodgrain production in the country is estimated at 353.95 million tons for the year 2024-25, which is higher by 21.66 million tons, a 6.5 % rise as compared to the previous year 2023-24.

North America Market Insights

North America is emerging as the fastest-growing region with a CAGR of 6.41% from 2026-2034, owing to strategic initiatives by the government to promote the domestic agriculture industry, investments in the development of innovative products, and the presence of major manufacturing companies.

The U.S. is a prominent producer of soybeans, where the phorate is widely utilized as a pesticide to control pests. An increase in soybean production from 113 million tons to 118 million tons last year signifies the demand for phorate as a key insecticide in soybean farming.

Regional Market share, 2025

Source: Straits Research

Europe Market Insights

The European phorate market is driven by the government’s strategic approaches to escalate the agriculture industry, thereby launching schemes and subsidies for farmers. The government’s steps tap new opportunities for the development of innovative pesticides for pest control, resulting in demand for phorate as a key pesticide component.

The government of the UK is focused on subsidies for land ownership, improving financial offers and services for farmers and land managers. Such subsidies influence the growth of the domestic agriculture industry, thereby promoting the demand for pesticides.

Middle East & Africa Market Insights

The MEA region's push to expand arable land, particularly in Egypt, Ethiopia, and Saudi Arabia, drives phorate adoption for high-yield crops like cotton and sorghum. This domestic farming promotes the demand for pesticides and, hence, for phorate.

Saudi Arabia reduced the import of wheat due to an increase in domestic production. This reduction in imports significantly promotes domestic farming and hence the requirement of phorate as a key pesticide for pest control. Additionally, investments in irrigation infrastructure, like Saudi Vision 2030’s USD 10 billion agricultural fund, target a 15% increase in cultivated areas by 2030, boosting demand for phorate’s efficacy against soil pests. This agricultural surge ensures phorate’s demand grows at a notable CAGR, securing its role in maximizing crop productivity.

Latin America Market Insights

The Latin American market for phorate is driven by a rise in production of corn, highlighting the strengthening of the domestic agriculture industry, thereby propelling the demand for pesticides. Latin America's soybean belt, spanning Brazil and Argentina, also sees phorate demand rise with a projected 15% acreage increase by 2030, targeting nematodes and aphids for yield optimization. Adoption of GPS and sensor tech in Brazilian farms enhances phorate's targeted application, reducing waste while combating climate-vulnerable pests in maize and sorghum; Latin America's 20% precision ag penetration by 2027 supports this efficiency.

An increase in corn production in Brazil underscores the demand for crop protection solutions such as pesticides. As phorate is widely utilized as a pesticide in corn farming, the demand surges accordingly. Brazil's sugarcane sector, fuelling ethanol exports amid global green energy shifts, boosts phorate use against soil pests, with the crop's 10% production growth in 2025 tied to USD 72 billion in subsidized loans.

Form Insights

According to Straits Research, the phorate particles segment dominated the market with a revenue share of 49.1% in 2025. This growth is driven by easier and more targeted applications, lower cost of production, and greater product stability compared to other formulations like liquids or granules. Particles are often more stable, with a longer shelf life, and release active ingredients in a controlled manner.

The liquid form is projected to register the fastest CAGR growth of 6.13% during the forecast period. This growth is attributed to increasing environmental concerns and stricter regulations on traditional, persistent organophosphate pesticides, which favor the development and adoption of less persistent, safer emulsion-based alternatives for short-season crops and in agricultural practices that require quicker breakdown.

Form Market Share, 2025

Source: Straits Research

Application Insights

The phorate with cotton segment dominated the market with a revenue share of 36.00% in 2025. This growth is driven by dominant utilization for cotton crops, as it is a potent systemic and contact insecticide that effectively controls a variety of pests, including insects, leafhoppers, and rootworms. Phorate is absorbed by the cotton plant's roots and transported to other parts of the plant, making it effective against pests that feed on the leaves and other tissues.

The phorate with sorghum segment is projected to register the fastest CAGR growth of 6.37% during the forecast period. This growth is attributed to its drought tolerance, suitability for semi-arid and tropical climates, and its diverse applications in food, feed, and biofuel production. The crop's resilience reduces the risk of crop failure, making it a reliable source of sustainable feedstock for various industries, contributing to global food security and the demand for environmentally friendly products.

Competitive Landscape

The global phorate market is moderately consolidated, with key manufacturing companies having a global presence and trying to gain a higher market share by undertaking strategic initiatives, including mergers, acquisitions, new product development, and partnerships.

The major players in the market include Kalyani Industries Ltd, B JOSHI AGROCHEM PHARMA, CANARY AGRO CHEMICALS PRIVATE LIMITED, AMVAC Chemical Corporation, UPL, and others. These industry players compete with each other to gain a strong market reach with a continuous supply of quality products.

RAM SHREE CHEMICALS: An emerging market player

RAM SHREE CHEMICALS, an India-based player specializing in the production of agricultural products and chemicals. The company is headquartered in Mumbai, India, and is gradually expanding its business at the global level. The product portfolio comprises agricultural solutions such as crop protection, plant nutrition, and organic farming solutions. RAM SHREE CHEMICALS is focused on the development of technologically advanced and quality products. With quality products and growing reach in multiple countries, RAM SHREE CHEMICALS continues to grow.

List of key players in Phorate Market

1. AMVAC Chemical Corporation
2. Anmol Agrotech Industries
3. S. Joshi & Company
4. Awiner Biotech
5. Bayer CropScience
6. B JOSHI AGROCHEM PHARMA
7. CANARY AGRO CHEMICALS PRIVATE LIMITED
8. Hindustan Mint & Agro Products Pvt. Ltd.
9. Kalyani Industries Ltd
10. King Quenson
11. Natursim Science Co., Ltd.
12. RAM SHREE CHEMICALS
13. UPL
14. Zhejiang NetSun Co., Ltd. (ChemNet)
15. Others

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Strategic Initiatives

• 28th August 2025: King Quenson, a trusted provider of traditional crop protection products, showcased its innovative products at the Sahara Exhibition 2025. This product exhibition promotes the demand for pesticides such as phorate.
• August 2025, The Ministry of Agriculture and Rural Affairs of China announced new requirements for the labelling and instruction manuals of pesticide products set to come into force on January 1, 2026. The updated rules aim to standardize product information, improve traceability, and enhance the safe use of agrochemicals across China’s vast agricultural landscape.
• 30th January 2025: AMVAC entered into a regional distribution agreement with DPH Biologicals. This agreement expands AMVAC’s product reach across the U.S., thereby promoting the demand for products such as phorate.
• In 2025, Hindustan Mint & Agro Products is likely to be more attuned to the growing global demand for sustainable agriculture, which may influence their product portfolio to include more environmentally sound pest management alternatives alongside their traditional pesticide offerings.