Thiamethoxam Market to Incur Rapid Extension During 2015 to 2021 23rd June

Thiamethoxam Market to Incur Rapid Extension
During 2015 to 2021
Thiamethoxam are insecticides which belong to the class of neonicotinoids having a wide spectrum
of activity against different types of insects. It is a systemic insecticide, absorbed quickly by plants
and then transported to various parts of the plant, while also acting as a deterrent for feeding
insects. Thiamethoxam becomes active through direct, and in the stomach of insects. The
chemical interferes with transfer of information between nerve cells which makes the insets
paralyzed. Thiamethoxam was initially developed by the chemical corporation, Syngenta AG.
However due to a patent dispute between Bayer and Syngenta on account of the former already
having the rights of other neonicotinoids, Syngenta acquired the worldwide rights to thiamethoxam
as per a dispute settlement of USD 120 million in 2002.
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The global market for thiamethoxam has been witnessing a significant increase on account of
technological developments as well as advancements over the recent years. Stringent
environmental regulations, improving farming practices, rising agricultural trade and changing
buyers’ preferences are prompting research efforts and innovations in the thiamethoxam
insecticide industry. North America currently dominates the global insecticide market thereby
having the largest market share for thiamethoxam, followed by Europe. These developed regions
serve as matured markets which are dominated by several key players such as Syngenta AG. In
order to survive the intense competition, manufacturers are focused on new product development.
Several major manufacturers of the thiamethoxam industry have entered into certain
collaborations, joint ventures, strategic alliances and agreements with other companies for the
marketing of new products as well as acquiring a larger share in the market. North America
dominates the global herbicide market and has the largest market share in terms of volume and
revenue. Europe is the second largest market for herbicides. North America and Europe are
mature markets and are dominated by a few major players. To survive intense competition,
companies in these regions are focused on new product development.
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Reduction of arable land in recent years, rising population as well as growing need to enhance
crop yields are anticipated to drive the demand for crop protection chemicals such as