Research Nester released a report titled “Fenpropimorph Market: Global Demand Analysis & Opportunity Outlook 2012” which delivers detailed overview of the global fenpropimorph market in terms of market segmentation by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Fenpropimorph is a type of systemic fungicide, which have the ability to be absorbed by the plant and spread. The market for fenpropimorph observed a CAGR of over 2% during the historical period, i.e., 2008-2012. Moreover, the global fenpropimorph market in 2012 exhibited a value of USD 178.2 million. The rising requirement for fungicides is a major factor driving the market growth.
The global fenpropimorph market is segmented by regions into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. The market in North America witnessed significant growth on account of development of highly advanced agricultural practices and techniques in the past years. In countries such as the U.S. and Canada, the use of advanced tools and techniques by farmers resulted in larger agricultural production during this period.
Growing Demand for Agricultural Products to Give Rise to Demand for Fenpropimorph
The rising demand for agricultural products owing to the growing requirement for food by the growing population has been an important factor for the fenpropimorph market growth, especially in the South East Asian and South Asian countries during the historical period. Moreover, the growing per capita income in countries such as India, China, Vietnam, Malaysia and Indonesia has accelerated the demand for food in the last few years. Furthermore, the growing demand for upgraded tools, methods, fertilizers and pesticides in the agriculture industry of regions including South America, Africa and Asia regions for improvements in production is another major growth driving factor for the fenpropimorph market. However, the high toxicity of pesticides for other living beings such as humans is a major growth restricting factor for the market as farmers prefer non-toxic substances as pesticides instead of harmful chemical components.
This report also provides the existing competitive scenario of some of the key players of the global fenpropimorph market which includes company profiling of BASF SE (ETR: BAS), Bayer AG (ETR: BAYN), Corteva, Inc. (NYSE: CTVA), Nufarm Limited (ASX: NUF), Syngenta AG, Arysta Lifescience, BioWorks Inc., Sumitomo Chemical (TYO: 4005), Adama Agricultural Solutions and DHM Agrochemicals 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 detailed overview of the global fenpropimorph 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.