San Francisco, California, July 14, 2017: A recent report by TMR Research presents a thorough analytical account of the global market for tebufenozide, an agrochemical that is witnessing a massive rise in popularity owing to its less toxic nature when compared with other agrochemicals. The report, titled “Tebufenozide Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” states that the market will witness a significant rise in growth opportunities in the next few years owing to the rapidly expanding array of application of the product.
The product is has garnered approval for use in fruit and vegetable cops owing to its less toxic nature. As the global demand and yield of vegetables and exotic fruits increases at a highly promising pace, the uptake of tebufenozide is also expected to increase at a massive pace in the next few years. The market is also expected to witness a noticeable positive impact of the significant rate of expansion of the global insecticides industry and the increasing demand for organic food products.
From a geographical standpoint, the tebufenozide market has been examined in the report for regional markets such as North America, Asia Pacific, Europe, and Middle East and Africa. Of these, the market in North America presents a huge set of growth opportunities owing to the thriving industry for genetically-modified crops. The vast usage of tebufenozide in treating genetically-modified seeds us expected to help it witness promising growth opportunities in North America in the near future as well.
Nevertheless, the market for tebufenozide in Asia Pacific is expected to dominate in terms of growth rate over the report’s forecast period, owing chiefly to the vast rise in demand for the enhancement of agricultural output to sustain the mounting population of the region. A number of studies analyzing the effects of tebufenozide on aquatic animals have surfaced in the past few years. Most of these studies have surmised that the product does not have a significant negative impact on most organisms when analyzed at concentrations found after aerial spraying. Thus, the fact that tebufenozide does not impact the environment as negatively as other pesticides, is also driving its demand in the region.
The market for tebufenozide in the Latin America and Middle East and Africa regions is expected to be driven by the rising demand improved agricultural produce to sustain the demands of a rising population in developing economies such as Brazil and Argentina. These regional markets are expected to lead to modest yet positive rise in demand for tebufenozide over the report’s forecast period.
Some of the leading companies operating in the global tebufenozide market are Rohm and Haas, SinoHarvest, and Gowan Co. LLC.