Propargite Market to Witness a Pronounce Growth During 2019 to 2027
Propargite Market: Overview
Propargite is a pesticide used to kill mites. It is an acaricide – a class of pesticides that kill members of the arachnid subclass Acari, which includes ticks and mites. Acaricides are used both in medicine and agriculture, although the desired selective toxicity differs between the two fields. Propargite is also named as 2-(4-tert-butylphenoxy)cyclohexyl prop-2-yne-1-sulfonate. Its trade names are Omite and Comite.
Continuous increase in the global pesticide consumption, alteration in pesticide usage and environmental issues has had a great impact on the propargite market demand. The pesticide market is mainly segmented into herbicides, insecticides, and fungicides.
Propargite Market: Key Drivers and Restraints
The global herbicide market has rapidly grown over the last decade as compared to the other segments. However, due to some post effects such as formation of residuals in soil run-offs, high carbon emissions, and decreased food quality, the demand for herbicides has shown a decline in the past couple of years. Furthermore, consumers are attracted towards insecticides that show better performance. This shift in the pesticide usage pattern is considered to drive the propargite market demand.
Browse more detail information about this report visit at at https://www.transparencymarketresearch.com/propargite-market.html
Propargite exhibits properties such as low residual limits, less toxicity and improved food quality. It degrades in soil within two weeks of application and has low potential to volatize in atmosphere. Propargite is sprayed directly on plants or injected in them. Hence, it is considered as one of the most suitable pesticides for rice, maize, fruits, garden plants, lawns and rangelands. Owing to these versatile uses of propargite, it is said to be compatible with the Integrated Pest Management Program (IPM).
In spite of various drivers driving the market growth, severe environmental regulations related propargite are likely to hinder the market growth. Symptoms of exposure and poisoning to propargite are eye and skin irritation. In addition to this, propargite also causes sensitization. It is highly toxic to amphibians, fish, and zooplankton. Propargite causes potential carcinogenity. Propargite is considered as hazardous and poisonous pollutant, which, if released in the atmosphere may ultimately result in death of all the living organisms. This safety issue can be considered as a restraint for the overall propargite market demand. The use of biopesticides can be deemed as a potential substitute in near future.
Propargite Market: Region-wise Insight
In terms of global demand, Asia Pacific is expected to attain the leading position in the propargite market over the forecast period. Currently, China stands as the largest importer of propargite. Moreover, with an increase in production of propargite in the past few years, China is likely to be the leader in the propargite market in the near future, followed by India and Japan owing to a fast paced demand.
The U.S. and Germany are the leading propargite producing countries in North America and Europe respectively. They are expected to show similar trend over the forecast period. The U.S. is considered as a mature market for propargite imports. However, the export markets are estimated to show a slow growing demand in next few years. Europe is anticipated to decline in domestic as well as the global propargite market. Other European countries such as France and Italy are likely to become the largest consumers. Rest of the world region, especially Africa is estimated to show potential markets over the coming years.
Propargite Market: Key Players
Request For Custom Research At https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=13631&source=atm
At present, manufacturers such as Bayer Crop Science AG, Drexel Chemical Company, Gujarat Pesticides Private Limited and Kenvos Biotech Company Limited dominate the propargite market.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on: Key market segments and sub-segments Evolving market trends and dynamics Changing supply and demand scenarios Quantifying market opportunities through market sizing and market forecasting Tracking current trends/opportunities/challenges Competitive insights Opportunity mapping in terms of technological breakthroughs
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg) Eastern Europe (Poland, Russia) Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand) Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Request for TOC of This Report visit at https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=13631&source=atm