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Dinotefuran Market is forecast to reach $966.36 million by 2025, after growing at a CAGR of 5% during 2020-2025. Dinotefuran is a modern neonicotinoid insecticide developed by Mitsui Chemicals which is used to maintain public health as it has low mammalian toxicity and high insecticide efficacy against a wide range of pests. Due to the increasing need for safe food and growing awareness of crop protection dinotefuran demand is growing. Furthermore, the global population growth has triggered dinotefuran demand to increase maximum crop yield.
Key Takeaways
Application – Segment Analysis
Crop field application held the largest share in the Dinotefuran market in 2018, owning to higher dinotefuran demand for crops such as rice, apples, cabbages, potatoes, watermelons tomatoes and others.
Geography – Segment Analysis
Asia Pacific holds the largest share in the Dinotefuran market in 2018 up to 40%. The major factors driving the dinotefuran market in the Asia-Pacific region are the increase in the number of resistant pests, increased food demand and the need for increased agricultural productivity. Farmers in this region use dinotefuran to increase production and control the damage caused by pests. Dinotefuran is used to control a wide range of pests, such as thrips, aphids, stink bugs, ants, fleas, crickets, whiteflies, leafhoppers, mealy bugs, gnats, leaf miners, cockroaches, and flies. Owing to the above reasons, Asia-Pacific is the largest market in terms of dinotefuran consumption.
Drivers – Dinotefuran Market
With construction increasing on agricultural lands, the area under crop cultivation is declining. The decrease in arable land is expected to be met by increasing crop yield and production. To satisfy the food needs of the growing population, farmers are using best grades of insecticides including dinotefuran, to increase corresponding crop yields per hectare. Therefore, decreased per capita arable land, tolerance to biotic stress such as insects, and growth in the agricultural sector are driving the dinotefuran market.
Challenges – Dinotefuran Market
The significant factors likely to hinder market growth are the high prices of raw materials used in the production of dinotefuran and strict government regulations in North America and Europe.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Dinotefuran Market. In 2019, the market of Dinotefuran has been consolidated by the top five players accounting for xx% of the share. Major players in the Dinotefuran Market are Sigma-Aldrich Co. LLC, Valent U.S.A. Corporation, Chemodex Ltd., Arysta LifeScience, AgNova Technologies Pty Ltd, Mitsui Chemicals Agro, Inc., Gowan Company LLC, AURUM Pharmatech LLC, Awiner Biotech, Jinan Great Chemical Industry Co., Ltd., among others.
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