Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Fosthiazate Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.3% during the review period (2022 to 2027).
Fosthiazate market will grow because of the growing occurrence of bacteria-related infections and other crop diseases due to variations in climate added with an increasing focus on the R&D. Another factor that will help in fostering the growth of the market will be the increasing implementation of innovative pest management techniques and tools, specifically in developing economies along with an increase in disposable income of personals. In addition to these factors, growth in demand for vegetable and fruit food items, pulses, grains, and cereals due to the growing population along with the rise in the instances of crop losses and an increase in the adoption of new techniques and methods of farming will lead to better growth opportunities for fosthizate market. There are a few more factors responsible for the growth of this market such as the expansion and growth of the agrochemicals industry in developing economies and growing demand for residue-free organic crops and a the rise in the application of integrated pest management.
Yet, increasing concerns regarding health risks is a factor that can well hamper the growth of the market. Strict guidelines by the government on the application of a range of agrochemicals and ban forced on several organophosphates will slow down the growth of the market as well.
The report also assesses the key opportunities in the Fosthiazate market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Fosthiazate Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
The global Fosthiazate includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include ISK, Hebei Sannong Agricultural Chemical, Veyong, NINGBO CHEMREN 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 and others.
Industry News and Development:
01-Mar-2021:FMC Corporation Announces Long-Term Collaboration with UPL Ltd. for Rynaxypyr® Active Ingredient
FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced that it has entered into a strategic collaboration with UPL Ltd., a global provider of sustainable agriculture products and solutions, to expand access of Rynaxypyr® active to growers around the world and increase the manufacturing capacity for this critical molecule.
04-Feb-2019:UPL completes acquisition of Arysta LifeScience for $4.2 billion
Leading agrochemical company, UPL Monday announced the completion of its acquisition of Arysta LifeScience (Arysta) from Platform Specialty Products for USD 4.2 billion.
19-May-2021 :American Vanguard® Corporation (NYSE: AVD) announced that its principal operating subsidiary, AMVAC® Chemical Corporation (AMVAC), has entered into agreements with Syngenta Crop Protection, LLC, to acquire rights to Envoke® herbicide.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By End-User, it is segmented into
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.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.3% over the forecast period (2022-2027) |
By Type |
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By End-user |
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By Companies | ISK, Hebei Sannong Agricultural Chemical, Veyong, NINGBO CHEMREN 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 and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 99 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Fosthiazate Market is studied from 2017 - 2027.
What is the growth rate of the Fosthiazate Market?
The Fosthiazate Market is growing at a CAGR of 4.3% over the next 5 years.
Who are the key players in Fosthiazate Market?
ISK, Hebei Sannong Agricultural Chemical, Veyong, NINGBO CHEMREN 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
What regions does this Fosthiazate Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Fosthiazate Market?
Purity: ≥90%, Purity: <90%
What are the major end-use applications of Fosthiazate Market?
Vegetables, Flowers, Fruits, Medicinal Herbs, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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