Thiamethoxam Market Forecasts to 2028 – Global Analysis By Formulation (SC, FS, LI), Pest (Bemisia, Aphids), Type (Granula (GR), Missible Oil (EC)), Application (Forestry, Gardening) and By Geography
According to Stratistics MRC, the Global Thiamethoxam Market is accounted for $2.04 billion in 2020 and is expected to reach $4.90 billion by 2028 growing at a CAGR of 11.6% during the forecast period. Rise in income levels, multiple functionalities of thiamethoxam and rise in awareness towards the medicinal benefits are driving the market growth. However, due to misuse of product and environmental limitations are hampering the growth of the market.
Thiamethoxam is an insecticide having a wide spectrum of activity against different types of insects. It is a structural insecticide, absorbed quickly by plants and then transported to various parts of the plant, while also acting as a disincentive for feeding insects, it becomes active through direct and in the stomach of insects.
Based on the crop type, the cereals & grains segment is going to have lucrative growth during the forecast period as yields will be notably reduced without the use of plant protection products like thiamethoxam, depending on the crop. The growing cereal exports, supported by initiatives launched by government agencies to promote the usage of crop protection chemicals like thiamethoxam increases the segment growth.
By geography, Asia Pacific is going to have high growth during the forecast period due to the increasing population and high growth in the agricultural sector in APAC countries such as India and China are driving the demand for the crop protection chemicals. Variation in the climatic condition in Asia-Pacific enables the production of a wide variety of crops which is expected to have a positive impact on the agricultural sector over the forecast period.
Some of the key players profiled in the Thiamethoxam Market include Biostadt India Limited, Lianyungang Jindun Agrochemical Co, Ltd, Suzhou Atl Chemical Co., Ltd, United Phosphorus Limited, Zhejiang Rayfull Chemical Co, Ltd, Rudong Zhongyi Chemical Co, Ltd, Syngenta AG, Central Garden & Pet Company and Bonide Products Incorporated.
Estimated Market Size in 2020:
USD 2.04 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 4.90 billion
Tables, Graphs& Figures
Formulation, Pest, Crop Type, Type, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Suspension Concentrate (SC)
• Flowable Concentrate for Seed Treatment (FS)
• Liquid (LI)
• Water Dispersible Granules (WG)
• Water Soluble Tablets (ST)
• Hemileia & Perileucoptera & Saissetia
Crop Types Covered:
• Fruits & Vegetables
• Cereals & Grains
• Granula (GR)
• Missible Oil (EC)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Thiamethoxam Market is majorly driven by rise in income levels, multiple functionalities of thiamethoxam and rise in awareness towards the medicinal benefits of the product.
The cereals & grains segment is growing at a highest CAGR as yields will be notably reduced without the use of plant protection products like thiamethoxam, depending on the crop.
North America dominated with a significant market share due to the increasing populace and in addition developing need to improve crop yields are foreseen to drive the requirement for harvest security chemicals in the region.
Asia Pacific market is growing at a highest CAGR due to increasing population and high growth in the agricultural sector in APAC countries such as India and China are driving the demand for the crop protection chemicals.
Key players in Thiamethoxam Market include Biostadt India Limited, Lianyungang Jindun Agrochemical Co, Ltd, Suzhou Atl Chemical Co., Ltd, United Phosphorus Limited, Zhejiang Rayfull Chemical Co, Ltd, Rudong Zhongyi Chemical Co, Ltd, Syngenta AG, Central Garden & Pet Company and Bonide Products Incorporated.
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