San Francisco, California, July 06, 2017: The latest report by TMR Research suggests that the global carbendazim market is likely to witness a soaring demand in the near future. The publication, titled “Carbendazim Market – Global Industry Analysis, Size, Share, Trends and Forecast 2017 – 2025,” offers an in-depth understanding of the various market dynamics slated to define the trajectory of the global market. According to the analysts the increasing consumption and production of fruits is likely to augment the demand for carbendazim in the foreseeable future.
The sale of carbendazim has spiked in recent years as various emerging economies as well as developed nations are striving to improve their agricultural output. The rapid pace of urbanization, improving purchasing power, and development in local production are all expected to boost the uptake of carbendazim. The proliferation of fruit plantations are also expected to make significant contribution to the soaring profits of the global market. The persistent efforts by various countries of the world to maximize their output from the available arable land is anticipated to bring in heavy investments in effective agricultural products. The demand for carbendazim is expected to grow in tandem with other fungicides such as dithiocarbamates and triazoles. The only factor likely to restrain the growth of the global market is the possible impact of carbendazim on human health.
In terms of geography, the North America and Europe are expected to lead the pack. The demand for carbendazim is expected to spike in these regions as they consistently strive to achieve a higher agricultural output. The stringent environmental regulations are also likely to impact the demand in the near future. The demand for carbendazim has also been rising across developing countries of India and China as developing countries are continuously striving to increase their agricultural production to feed the ever-increasing population. Latin America is also poised to see a booming carbendazim market as the region is being compelled to fulfil the growing demand for food.
Some of the leading players operating in the carbendazim market are FMC Corporation, Syngenta AG, BASF SE, Troy Corporation, Adama Agricultural Solutions Ltd., The Dow Chemical Company, Bayer Cropscience AG, and E. I. duPont de Nemours and Company. The research report offers a detailed evaluation of the competitive landscape present in the global market and the ways in which it is likely to decide the course of the market’s trajectory. Furthermore, the research report also provides an assessment of the financial overview, research and development status, and business and marketing strategies for the coming few years.