Global Fosthiazate Market, By Purity Level (Greater than or equal to 90% and Below 90%), Application (Vegetables, Flowers, Fruits, Medicinal Herbs and Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Fosthiazate Market
Data Bridge Market Research analyses that the fosthiazate market will project a compound annual growth rate (CAGR) of 5.50% during the forecast period of 2021-2028. Growing demand to control various crop related diseases, growing initiatives by the government to strengthen the agricultural sector, rising demand for new and mechanized techniques for farming or agriculture especially in the developing countries, and increasing industry competitiveness are the major factors attributable to the growth of fosthiazate market. This means that the fosthiazate market value, which was USD 0.17 billion in 2020 will climb up to USD 0.26 billion by the year 2028.
Fosthiazate is a phosphonic ester that belongs to a class of pesticides and nematicides. Having a chemical formula of C9H18NO3PS2, fosthiazate is used to control the nematodes species that grow in a wide variety of crops. Fosthiazate is an organic phosphonate and an organothiophosphate insecticide that can be used as an agrochemicals or an antinematodal drug.
Growing prevalence of bacteria related infections and other crop related diseases owing to the climatic variations coupled with increased focus on the research and development proficiencies in will emerge as the major factors fostering the growth of the fosthiazate market. Also, growing implementation of innovative pest management tools and techniques especially in the developing economies coupled with increasing personal disposable income is another important factor fostering the growth of the fosthiazate market. Growth in the demand for fruit and vegetable food items, cereals and grains and pulses and oil seeds owing to ever-rising population, surge in the incidences of crop losses, and rising adoption of new methods and techniques of farming will further create lucrative and remunerative growth opportunities for the fosthiazate market. Growth and expansion of agrochemicals industry especially in the developing economies, growing demand for residue-free organic crops and surge in the application of integrated pest management will also carve the way for the growth of the fosthiazate market.
However, rising concerns in regards to the health risks is a major factor that will pose a major challenge to the growth of the fosthiazate market. Also, stringent regulations imposed by the government on the use or application of a wide range of agrochemicals and ban imposed on various organophosphates will further slowdown the fosthiazate market growth rate.
This fosthiazate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fosthiazate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fosthiazate Market Scope and Market Size
The global fosthiazate market is segmented on the basis of purity level and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of purity level, the fosthiazate market is segmented into greater than or equal to 90% and below 90%.
- Based on the application, the fosthiazate market is segmented into vegetables, flowers, fruits, medicinal herbs and others.
Fosthiazate Market Country Level Analysis
The global fosthiazate market is analyses and market size, volume information is provided by country by purity level and application as referenced above.
The countries covered in the fosthiazate market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the fosthiazate market and will continue to flourish its dominance during the forecast period owing to the rising land under agricultural domain especially in the developing economies like India, Vietnam, Thailand and China. Growing crop losses due to insects, increasing personal disposable income, increase in food security concerns, growing focus on the improvement in crop productivity, increasing concerns of insect transferrable diseases, surge in the expenditure for research and development proficiencies in regards to the agricultural practices, increasing production of organic fruits and vegetables and growth and expansion of agricultural sector are some other important factors fostering the growth of this region.
The country section of the fosthiazate market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fosthiazate Market Share Analysis
The global fosthiazate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fosthiazate market.
The major players covered in the fosthiazate market report are ISK METAL KIMYA, NINGBO CHEMREN CO.,LTD., Hebei Sannong Agricultural Chemical Co., Ltd., Hebei Veyong Pharmaceutical Co., Ltd, Cheminova A/S, SinoHarvest, Sumitomo Chemical Co., Ltd., Arysta LifeScience Corporation, ADAMA India Private Limited, FMC Corporation, BASF SE, DuPont., Dow, AMVAC Chemical Corporation, UPL, Marrone Bio Innovations, Nissan Chemical Corporation, Bayer AG, ChemChina, Corteva., Nufarm Global, Syngenta Crop Protection AG and Valent BioSciences LLC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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