23rd June
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Thiamethoxam Market to Incur Rapid Extension<br />
During 2015 to 2021<br />
Thiamethoxam are insecticides which belong to the class of neonicotinoids having a wide spectrum<br />
of activity against different types of insects. It is a systemic insecticide, absorbed quickly by plants<br />
and then transported to various parts of the plant, while also acting as a deterrent for feeding<br />
insects. Thiamethoxam becomes active through direct, and in the stomach of insects. The<br />
chemical interferes with transfer of information between nerve cells which makes the insets<br />
paralyzed. Thiamethoxam was initially developed by the chemical corporation, Syngenta AG.<br />
However due to a patent dispute between Bayer and Syngenta on account of the former already<br />
having the rights of other neonicotinoids, Syngenta acquired the worldwide rights to thiamethoxam<br />
as per a dispute settlement of USD 120 million in 2002.<br />
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The global market for thiamethoxam has been witnessing a significant increase on account of<br />
technological developments as well as advancements over the recent years. Stringent<br />
environmental regulations, improving farming practices, rising agricultural trade and changing<br />
buyers’ preferences are prompting research efforts and innovations in the thiamethoxam<br />
insecticide industry. North America currently dominates the global insecticide market thereby<br />
having the largest market share for thiamethoxam, followed by Europe. These developed regions<br />
serve as matured markets which are dominated by several key players such as Syngenta AG. In<br />
order to survive the intense competition, manufacturers are focused on new product development.<br />
Several major manufacturers of the thiamethoxam industry have entered into certain<br />
collaborations, joint ventures, strategic alliances and agreements with other companies for the<br />
marketing of new products as well as acquiring a larger share in the market. North America<br />
dominates the global herbicide market and has the largest market share in terms of volume and<br />
revenue. Europe is the second largest market for herbicides. North America and Europe are<br />
mature markets and are dominated by a few major players. To survive intense competition,<br />
companies in these regions are focused on new product development.<br />
A sample of this report is available upon request @<br />
http://www.persistencemarketresearch.com/samples/4359<br />
Reduction of arable land in recent years, rising population as well as growing need to enhance<br />
crop yields are anticipated to drive the demand for crop protection chemicals such as
thiamethoxam over the forecast period. However, increasing regulations from authorities such as<br />
EPA (Environment Protection Agency) to ban the use of pesticides in order to decrease the impact<br />
on the environment and rising consumer awareness from the use of pesticides, due to residues is<br />
anticipated to slow down the growth for thiamethoxam in the next five years. Restriction of<br />
thiamethoxam in Europe due to hazardous effect of the chemical on bees is also expected to<br />
hamper the growth of the market. The European Food Safety Authority in January 2013 mentioned<br />
that neonicotinoids pose high risk to bees. Again, in April 2013, the European Union voted for the<br />
ban of neonicotinoid insecticides for two years. The ban will restrict the use of thiamethoxam,<br />
clothianidin, and imidacloprid for use on crops that are attractive to bees. Focus on research and<br />
development activities towards developing innovative products as well as focus on market<br />
expansion in emerging region such as Latin America and Asia Pacific is expected to provide new<br />
opportunities for the growth of the market.<br />
Agro-care Chemical, Bayer AG, Bonide Products Incorporated, Central Garden & Pet Company,<br />
Syngenta AG, Sigma Aldrich Corporation, and Sumitomo Chemical Company Limited are some of<br />
the key players present in the thiamethoxam industry.<br />
To view TOC of this report is available upon request @<br />
http://www.persistencemarketresearch.com/toc/4359<br />
Key geographies evaluated in this report are:<br />
North America<br />
U.S<br />
Canada<br />
Europe<br />
France, Germany, Italy, Spain, and the UK<br />
Eastern Europe<br />
CIS<br />
APAC<br />
China<br />
India<br />
Japan<br />
Australia<br />
Others<br />
Latin America<br />
Argentina<br />
Brazil
Others<br />
Key features of this report<br />
Drivers, restraints, and challenges shaping the Thiamethoxam market dynamics<br />
Latest innovations and key events in the industry<br />
Analysis of business strategies of the top players<br />
Thiamethoxam market estimates and forecasts(2015 -2021)<br />
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real-time data collection, big data, and customer experience analytics, we deliver business<br />
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