Thiamethoxam Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025
Thiamethoxam Market is forecast to reach $3.22 billion by 2025, after growing at a CAGR of 9.60% during 2020-2025. Thiamethoxam is an insecticide that belongs to a class of neonicotinoids having a wide spectrum of activity against different types of insects. Thiamethoxam interferes in the nervous system of the insect with a specific receptor site. Once insects come into contact with thiamethoxam or feed on the plant, feeding is stopped irreversibly and insect damage halts. Rise in the number of resistant pests, increasing food demand, and the need for increased agricultural productivity is expected to have a positive impact on the growth of thiamethoxam market during the forecast period. The report covers Thiamethoxam Market size by type and pest, Thiamethoxam Market share by top 5 companies and also the market share by start-ups during the forecast period.
The report: “Thiamethoxam Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Thiamethoxam Market.
- The major factors that are helpful for driving thiamethoxam market is the need to provide food security to the world, better productivity and increasing demand for healthy and harmful organisms free crops.
- BASF SE, a German manufacturer of chemicals, performance products and agricultural solutions are focusing on the development of active ingredients like herbicides, insecticides, and fungicides for protection of crops. These active ingredients provide innovative solutions to enhance the crop yields worldwide.
- Oilseeds cultivators frequently use insecticides to protect their crop from insects such as painted bug, mustard aphid and mustard sawfly.
By Crop Type - Segment Analysis
Cereals and grains segment held a significant share in the thiamethoxam market in 2019. Without the use of plant protection products like thiamethoxam, yields will be significantly reduced, depending on the crop. According to EPRS, the yield gain by use of insecticides is between 19% for wheat to 42% for potato; while rice, maize, and soybean have comparable yield gains by active ingredients, around 30%. Further, the growth of global cereal trade has also played a key role in supporting farmer’s ability to invest in active ingredients for increasing cereal yields. In 2018, ITC reported a 6.1% y-o-y growth in cereal export value. The growing cereal exports, supported by initiatives launched by government agencies to promote the usage of crop protection chemicals like thiamethoxam, will boost the thiamethoxam market growth.
By Pest - Segment Analysis
Bemisia segment held a significant share in the thiamethoxam market in 2019. Bemisia is one of the most important pests on cotton around the world. The steady growth in cotton exports has actuated farmers to invest in thiamethoxam to improve yields and protect the crop from pests like bemisia. Cotton farmers use insecticides like thiamethoxam for pest control. In 2018, ITC reported 1.8% y-o-y growth in cotton exported value. According to the National Center for Biotechnology Information (NCBI), cotton seeds treated with imidacloprid and thiamethoxam were effective against bemesia for up to 45 days under laboratory and greenhouse conditions, and up to ~2 months under field conditions. Use of seeds treated with imidacloprid and thiamethoxam can be an important alternative for the management of whiteflies on cotton.
Geography - Segment Analysis
Asia-Pacific is projected to remain a dominant region with a share of 39.4% of the market during the forecast period, followed by North America and Europe that held a key share of the thiamethoxam market. Asia- Pacific is accounted for a significant share in the market, as it is one of the major producers of key crops like rice, corn and cotton. Insecticides have been widely used in India to reduce approximately 45% gross crop loss owing to the pest and disease infestation. 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 which in turn is driving the demand for thiamethoxam market in Asia-Pacific. 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.
Drivers – Thiamethoxam Market
· Increasing food demand and decreasing land area
The increasing population is leading to a need for higher agriculture output. Due to increasing urbanization, there is a reduction of arable land in recent years. Food security is a key focus area for all countries. With construction increasing on agricultural lands, the area under crop cultivation is declining. The decrease in arable land is expected to be met by increasing crop yield and production. To satisfy the food needs of the growing population, farmers are using more crop protection chemicals like thiamethoxam, to increase corresponding crop yields per hectare, which is driving the market for thiamethoxam.
· Rising demand for active ingredients to control target pests.
There are a number of insects species such as ladybugs, ground beetles, damsel bugs and others, which are beneficial for eliminating and controlling pests that cause great damage to lawns and gardens. The demand for active ingredients to control target pests is set to increase, since they do not harm the beneficial insects.
Insect pests cause damage to farmer’s food supply, property, health, and livelihood. To safeguard the supply of food and to meet the requirements of the rising population, farmers are using active ingredients like insecticides (thiamethoxam) which kill the target pests.
Challenges – Thiamethoxam Market
· Strict environment regulations to ban harmful insecticides
Regulatory organizations such as the World Health Organization (WHO) and the U.S. Environment Protection Agency (EPA) have implemented stringent regulations to reduce the use of pesticides, in a bid to alleviate environmental harm. These organizations also work towards increasing customer awareness of the use of synthetic pesticides. This is negatively affecting the growth of several active ingredients, including thiamethoxam.
The European Food Safety Authority in January 2013 mentioned that neonicotinoids pose a high risk to bees. Further, in April 2013, the European Union voted for the ban of neonicotinoids insecticides (thiamethoxam, clothianidin, and imidacloprid) for 2 years, for use on crops that are attractive to bees. In April 2019, member states of the European Union agreed upon a total ban on neonicotinoid insecticide use, except within closed greenhouses. Restriction of thiamethoxam in Europe due to hazardous effects on bees is expected to hamper the growth of the market.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the thiamethoxam market. In 2019, the market of bitumen has been consolidated by the top five players accounting for xx% of the thiamethoxam market share. Major top 10 companies of thiamethoxam market are Syngenta Crop Protection, United Phosphorus Limited (UPL), Biostadt India, Jiangsu Luye Agrochemicals, Rudong Zhongyi Chemical, Lianyungang Jindun Agrochemical, Jiangsu Changqing Agrochemical and Jiangsu BVCO Chemical among others.
Product Launch/ Geographical Expansion
Ø In January, 2019, Syngenta launched insecticide Durivo for coffee in Brazil. This insecticide consists of two active ingredients which are thiamethoxam and chlorantraniliprole, to control the "bicho-mineiro" (Leucoptera coffeella) in coffee. This is the main and best known among pests that can reach coffee in the country.
Ø In June 2016, Jiangsu Rudong Zhongyi Chemical Ltd has established pesticide technical production facilities covering 500-ton thiamethoxam, as well as formulation production capacity covering 500-ton 250g/L tebuconazole EW and 2,000-ton 430g/L tebuconazole SC.
List of Tables
1 US Thiamethoxam Market Size 2018
2 Canada Thiamethoxam Market Share 2018
3 Brazil Thiamethoxam Market Outlook 2019 - 2023
4 Mexico Thiamethoxam Market Research 2018
5 Germany Thiamethoxam Market Trends 2019 - 2023
6 France Thiamethoxam Market Growth 2019 - 2023
7 UK Thiamethoxam Market Demand 2019 - 2023
8 Italy Thiamethoxam Market Segmentation 2018
9 Russia Thiamethoxam Market Analysis 2019 - 2023
10 China Thiamethoxam Market Revenue 2019 - 2023
11 Japan Thiamethoxam Market Volume 2019 - 2023
12 South Korea Thiamethoxam Market Potential 2019 - 2023
13 India Thiamethoxam Market Leaders 2018
14 Saudi Arabia Thiamethoxam Market Forecast 2019 - 2023
15 Kuwait Thiamethoxam Market Value 2018
List of Figures
For complete list of 60+ tables and 60+ figures follow the Link