Acephate Market to Reach $2.2 Billion, Globally, by 2033 at 5.4% CAGR: Allied Market Research [Yahoo! Finance]
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Source: Yahoo! Finance
Wilmington, Delaware , Sept. 25, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, Acephate Market by Form (Granule and Spray/Pellet), Application Method (Spraying, Dipping, Hand Dressing and Others), and Application (Agriculture, Forestry, Horticulture and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033" . According to the report, the acephate market was valued at $1.3 billion in 2023, and is estimated to reach $2.2 billion by 2033, growing at a CAGR of 5.4% from 2024 to 2033. Prime determinants of growth The global acephate market is driven by rapid shift towards intensive farming practices to meet the increasing food demand which in turn has led to higher pest incidence. Crops are grown in close succession, providing continuous food sources for pests. In such scenarios, the reliability and effectiveness of acephate are crucial in protecting crops and ensuring consistent yields. The rising need to protect high-value crops, such as
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