What is Pesticide Intermediates Market Scope?
Pesticide intermediates are used to manufacture agriculture and other industrial products. These are used in the synthesis of the active ingredient or in the production of pesticide products. They are raw materials used for the manufacture of the technical grade of active ingredient by chemical reactions or purification. It can be obtained from other sources or can be manufactured on a similar site as that of the final pesticide product. Environmental Protection Agency (EPA) requires information regarding any environmental or toxic qualities of pesticides that may be harmful and these pesticides are thoroughly tested for effectiveness. These intermediate substances are also subject to regulation under the toxic substances control act (TSCA).
The Pesticide Intermediates market study is being classified by Type (Chemical Pesticide and Biopesticide), by Application (Weeding, Insecticide, Bactericide and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Pesticide Intermediates market throughout the predicted period.
Syngenta (Switzerland), Bayer (Germany), BASF (Germany), Dow AgroSciences (United States), Monsanto (United States), DuPont (United States), ADAMA (China), Nufarm (Australia), Lanxess (Germany) and FMC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tagros Chemicals (India) and Cidic Co. Ltd. (China).
Analyst at AMA have segmented the market study of Global Pesticide Intermediates market by Type, Application and Region.
On the basis of geography, the market of Pesticide Intermediates has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Market Trend
- The increase in global population and food demand boosts the market growth
- The extensive demand for agricultural products
- Increasing demand for the Insecticide across the world
- The manufacturers of pesticide intermediate products emphasize more on the production of organic products to ensure their friendliness with crops, humans, and the environment.
- The stringent regulations associated with the production and usage of pesticide intermediate
Key Target AudienceManufacturer, Suppliers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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