Published on : Jan 15, 2020
Belonging to a relatively new class of insecticides called neonicotinoids, thiamethoxam acts to interfere with the nervous system of insects. Due to this action, neonicotinoids are desirable for control of insects that are developing resistance against conventional insecticides such as organophosphate, pyrethroid, and carbamate. Due to the efficacy of neonicotinoids, including thiamethoxam, demand for this class of insecticides is poised to continue to rise for large-scale and small-scale crop production. This prompted ResearchMoz to add a new market research on the thiamethoxam market to its expanding repository. The report titled “Global Thiamethoxam Market Insights, Forecast to 2025”, deep dives into each and every vital aspect for valuable insights on the growth of thiamethoxam market over the forecast period.
The report is prepared after an extensive research phase. Analysts delved into demand drivers, restraints, and competitive outlook to provide an in-depth analysis of growth curve of thiamethoxam market over the forecast period. The report also looks into the geographical landscape wherein market size of key regions in the overall thiamethoxam market is estimated.
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The report discusses the competitive landscape of thiamethoxam market at length. Key players operating in the thiamethoxam market are mentioned and profiled for their business attributes. Syngenta AG, Excel Crop Care, Bonide Products Incorporated, Agro-care Chemical, Bayer AG, Punjab Chemicals & Crop Protection, Central Garden & Pet Company, and Sumitomo Chemical Company Limited are key players operating in the thiamethoxam market.
Business overview, product portfolio, competitive ranking, and SWOTs are parameters for which each of the companies in the thiamethoxam market is profiled in this report.
The report studies the thiamethoxam market on the basis of type, application, and region.
The report points out various factors fuelling the thiamethoxam market. Firstly, thiamethoxam is features broad-spectrum insecticidal properties and is registered for use on numerous crops in several countries. The use of thiamethoxam lies against sucking and chewing insects found in vegetables, field crops, ornamental plants, citrus, cotton, rice, and deciduous trees. The systemic properties of thiamethoxam have led to its use to treat foliar feeding insects. Thiamethoxam is used via seed treatment, irrigation systems, soil application, or applied to trunk of trees. Thiamethoxam is also registered for direct use on foliar feeding insects.
Furthermore, changing agricultural practices for higher yield, multiple use of thiamethoxam in the food and beverage sector, and research pursuits for chemical nature of thiamethoxam are favoring the growth of thiamethoxam market.
With such wide use of thiamethoxam, growth of thiamethoxam market is predicted to be notable in the years ahead, says analyst.
However, on the downside, development of resistance against thiamethoxam due to overuse and environmental limitations are likely to hamper the growth of this market.
From a geographical standpoint, Asia Pacific is expected to dominate the global thiamethoxam market in the forthcoming years. Changing agricultural practices in emerging economies of Asia Pacific for higher output has led to reckless use of various types of chemicals.
Emergence of insects and pests that are resistant to conventional chemicals has led to the development of new class of pesticides and insecticides. Neonicotinoids is one such new class of insecticides that includes thiamethoxam. Awareness programs and cooperative agricultural groups that educate farmers for evolving agricultural practices in emerging economies is indirectly boosting thiamethoxam market.
Nonetheless, North America holds prominence in the overall thiamethoxam market. Presence of an established agricultural chemical manufacturing industry and substantial awareness for new class of agricultural chemicals fosters demand for insecticides and pesticides in general. This includes thiamethoxam.