Research Nester published a report titled “Thifluzamide Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global thifluzamide market in terms of market segmentation by type, application, crop, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global thifluzamide market is projected to grow at a modest CAGR over the forecast period, i.e., 2022 – 2031. Factors, such as, the higher prevalence of global hunger due to population explosion, increment in food consumption, and notable utilization of thifluzamide in seed treatment are anticipated to hike the global thifluzamide market growth. Furthermore, a higher prevalence of crop diseases is also estimated to influence the market growth positively over the forecast period. According to data provided by FAO, it is noticed that diseases destroy 20 to 40% of crops each year worldwide, the report further stated that crop diseases cost the global economy USD 220 billion annually.
The global thifluzamide market is segmented by application into seed treatment, and fungicide. Out of these sub-segments, the fungicide segment is estimated to acquire a notable share during the forecast period on the back of higher prevalence of crop diseases. Crop diseases reduces the production of the food which can even influence a country’s economy negatively. For instance, it was observed that about 80% of the crops get diseases due to fungi.
Furthermore, the global thifluzamide market is segmented by region into five major regions that are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these, the market in the Asia Pacific region is anticipated to become the largest market on the back of increasing population leading to the higher food production, over the forecast period. Data released by Food and Agriculture Organization represented that 90% of the global rice is consumed and cultivated solely in the Asia Pacific.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Escalating Food Demand Owing to Growth in Global Population to Boost the Market Growth
A report published by UN 2020 showed that 720 to 811 million people suffer from hunger worldwide, and the number is projected to reach 660 million by the end of 2030.
The growing population has plunked massive pressure on the agriculture sector. The target for increment in food production will ultimately lead to the remarkable utilization of fertilizers, pesticides, and agrochemicals. Therefore, the growth of the global thifluzamide market can be attributed to the increasing food demand across the globe.
However, rising awareness of environmental changes leading to the utilization of bio-based agrochemicals is expected to operate as a key restraint to the growth of the global thifluzamide market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global thifluzamide market which includes company profiling of Shenzhen Horizon Industry Co., Ltd, Nissan Chemical Corporation, Jiangxi Tiansheng New Materials Co., Ltd, Shanghai Xinglu Chemical Technology Co., Ltd, Wingfield Chemical Industry Co., LTD, Advance Agro Chemicals Shanghai Limited, Super Bio Tech Marketing Company, OAT Agrio Co., Ltd., Nihon Nohyaku Co., Ltd, and Agrowallied Ventures Pvt. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global thifluzamide market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Request Report Sample@ https://www.researchnester.com/sample-request-4092
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
0
