Global Carbofuran Market - 2022-2029

Global Carbofuran Market - 2022-2029

Market Overview

The global carbofuran market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Carbofuran is an extremely poisonous pesticide used in agriculture to protect soil, fruits, vegetables, and forest crops from insects, nematodes, and mice. The chemical comes in various forms, including granules, emulsions, and dry powder. Growing concerns about food security and improved crop efficiency drive the worldwide carbofuran market forward. Furthermore, beneficial government changes aimed at expanding the agriculture sector increases market growth.

Market Dynamics:

High efficiency of carbofuran & rising concern for food security

A rise in global food security concerns, as well as a growing awareness among people about the importance of protecting their food crops from mites and pests, are driving product demand. According to the US Department of Agriculture, 89.5 percent of US households (about 116.0 million) were food secure during the year in 2019. The remaining 10.5 percent (about 13.7 million) of homes were food insecure at some point throughout the year, with 6.4 percent (roughly 8.3 million) of American households experiencing low food security all year. Furthermore, according to the FAO's globally set criteria for food insecurity, 5.6 percent of the UK population was predicted to have experienced food insecurity between 2016 and 2018.The global population is growing at an exponential rate, and over 200,000 people are added to the global food demand every day, with a projected population of 9.2 billion by 2050. Food security has become a global concern as the world's population continues to expand. Crop protection is thus an important approach used by farmers to meet global food demand. Pesticides on crops are a tried-and-true tool for increasing global food production. Developing countries have shown a high need for carbofuran. People are increasingly taking all measures to boost crop yield.

Market Segmentation:

Carbofuran granules is the dominating sector during the forecast period

Pesticide granules are pesticides that have been impregnated with an organic material like sand, clay, or another dry substance that can be dispersed. Most granules become activated when they come into contact with water, and they are known to have a long-lasting effect when used. They are great for controlling weeds, mosquitoes, nematodes, and other invading turf pests. Over the projection period, the carbofuran granules sector is expected to increase significantly and dominate the global market. Carbofuran granules are low-strength formulations that should not be diluted before use. They're particularly well-suited to soil application. Furadan 3G is a granular supplement that contains 3% pure Furadan.

Pesticides are widely used in modern agriculture. They are an effective and cost-effective technique to improve product quality and quantity, assuring food security for its ever-growing population. Pesticides are used in around 2 million tons per year worldwide, with China being the largest contributor, followed by the United States and Argentina, which is fast expanding. Carbofuran is a carbamate insecticide commonly used to control insects on a range of crops, including potatoes, corn, and soybeans, worldwide. It's a systemic insecticide, which means it absorbs it through the roots and distributes it throughout the plant's organs, where insecticidal concentrations are achieved. Carbofuran is used on a wide range of crops all over the world.

Geographical Penetration:

Asia Pacific is the dominating region during the forecast period

The Asia Pacific region is expected to dominate the worldwide carbofuran market. This is primarily due to increased public awareness about carbofuran and ongoing technological advancements. Pesticide use in agriculture quickly expands in emerging countries, particularly in Southeast Asia. According to the WHO, around 20% of pesticides are used in developing nations, increasing the rate of use. Cambodia has had a 61 percent increase in pesticide imports, Laos has seen a 55 percent increase, and Vietnam has seen a ten percent increase. Furthermore, the rising demand for commodities and expanding cultivation in Asia Pacific's emerging economies have driven agribusiness corporations to expand their supplier and manufacturing bases in the region. For example, United Phosphorus Ltd extended its product line in India in 2018 by launching new insecticides. Furthermore, high population expansion in China and India places a major strain on crop output; as a result, the carbofuran industry in the region is rapidly expanding to meet the increased need for crops.

Competitive Landscape:

The industry is highly consolidated, with only a few companies dominating a large percentage of the global market. The major market players aggressively pursue acquisitions of prominent companies in various key economies to expand their market presence and strength. Some of the most important key participants in the global industry include FMC Corporation, Sino Harvest Corporation, Beta Chemicals Ltd, and Sinon Corporation. Crystal Crop Protection Ltd, a crop protection specialty chemicals company, stated in August 2018 that it had purchased four brands from American chemicals giant FMC Corp. The addition of the Furadan, Splendour, Metal, and Affinity Force insecticide and herbicide brands to Crystal Crop's insecticide and herbicide portfolio will help the company grow, according to the company.

COVID-19 Impact:

Negative impact on the global carbofuran market

The demand for agrochemicals was unaffected because agricultural operations were exempt from any regulations. However, because of disruptions in trading activity, fertilizer sales fell significantly during the first half of the epidemic, whereas pesticide sales were unaffected. In terms of supply, a short-term labor shortage combined with distribution obstacles resulted in a large difference between the number of workers necessary for agrochemical manufacturing and those available. Crop production also declined as a result of labor shortages in large-scale plantations. Many fertilizer and pesticide firms were experiencing difficulties due to a scarcity of raw materials, which resulted in a drop in the production of various agrochemical products.

Why Purchase the Report?

Understand the current market scenario and viability of global carbofuran market over the forecast period.

Visualize the composition of the global carbofuran market in terms of type, application, and region to identify major players, growth potential, and market strategies.

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period.

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global carbofuran market – Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global carbofuran market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:

Farming Communities

Agrochemicals Manufacturers

Import and Export Companies

Industry Investors

Education & Research Institutes

Research Professionals

1. Global Carbofuran Market -Scope and Methodology
1.1. Research Methodology
1.2. Scope of the Market
2. Global Carbofuran Market -Key Trends and Developments
3. Global Carbofuran Market – Executive Summary
3.1. Market Snippet by Type
3.2. Market Snippet by Application
3.3. Market Snippet by Region
4. Global Carbofuran Market – Market Dynamics
4.1. Market impacting factors
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Impact analysis
5. Global Carbofuran Market – Industry Analysis
5.1. Porter's five forces analysis
5.2. Value chain analysis
5.3. Patent Analysis
5.4. Regulatory Analysis
6. Global Carbofuran Market – COVID-19 Analysis
6.1. Analysis of Covid-19 on the Market
6.1.1. Before COVID-19 Market Scenario
6.1.2. Present COVID-19 Market Scenario
6.1.3. After COVID-19 or Future Scenario
6.2. Pricing Dynamics Amid Covid-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
7. Global Carbofuran Market – By Type
7.1. Introduction
7.1.1. Market size analysis, and y-o-y growth analysis (%), By Type segment
7.1.2. Market attractiveness index, By Type segment
7.2. Carbofuran granules*
7.2.1. Introduction
7.2.2. Market Size Analysis, US$ Million, 2020-2029 And Y-O-Y Growth Analysis (%), 2021-2029
7.3. Carbofuran emulsions
7.4. Carbofuran dry powder
8. Global Carbofuran Market – By Application
8.1. Introduction
8.1.1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
8.1.2. Market attractiveness index, By Application Segment
8.2. Pesticide Industry*
8.2.1. Introduction
8.2.2. Market Size Analysis, US$ Million, 2020-2029 And Y-O-Y Growth Analysis (%), 2021-2029
8.3. Seed Coating Agent Industry
8.4. Others
9. Global Carbofuran Market– By Region
9.1. Introduction
9.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
9.1.2. Market Attractiveness Index, By Region
9.2. North America
9.2.1. Introduction
9.2.2. Key region-specific dynamics
9.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
9.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
9.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country U.S. Canada Mexico
9.3. South America
9.3.1. Introduction
9.3.2. Key Region-Specific Dynamics
9.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
9.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
9.3.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country Brazil Argentina Rest of South America
9.4. Europe
9.4.1. Introduction
9.4.2. Key Region-Specific Dynamics
9.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
9.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
9.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country Germany U.K. France Spain Italy Rest of Europe
9.5. Asia Pacific
9.5.1. Introduction
9.5.2. Key Region-Specific Dynamics
9.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
9.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
9.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country China India Japan Australia Rest of Asia Pacific
9.6. Middle East and Africa
9.6.1. Introduction
9.6.2. Key Region-Specific Dynamics
9.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
9.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
10. Global Carbofuran Market– Competitive Landscape
10.1. Competitive scenario
10.2. Competitor strategy analysis
10.3. Market positioning/share analysis
10.4. Mergers and acquisitions analysis
11. Global Carbofuran Market -Company Profiles
11.1. FMC Corporation *
11.1.1. Company Overview
11.1.2. Product Portfolio and Description
11.1.3. Key Highlights
11.1.4. Financial Overview
11.2. Sino Harvest Corporation
11.3. Beta Chemicals Ltd
11.4. Biochemical Co.,Ltd
11.5. Sinon Corporation
11.6. Maharashtra Agro Industries Development Corp Ltd
11.7. Human Haili Chemical
11.8. Jialong Chemical
11.9. Zhengzhou Labor Agrochemicals Co., Ltd
11.10. Hunan Gofar Fine Chemical
*List not Exhaustive*
12. Global Carbofuran Market – DataM
12.1. Appendix
12.2. About us and services
12.3. Contact us

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