In spite of various drivers driving the market growth , severe environmental regulations related propargite are likely to hinder the market growth . Symptoms of exposure and poisoning to propargite are eye and skin irritation . In addition to this , propargite also causes sensitization . It is highly toxic to amphibians , fish , and zooplankton . Propargite causes potential carcinogenity . Propargite is considered as hazardous and poisonous pollutant , which , if released in the atmosphere may ultimately result in death of all the living organisms . This safety issue can be considered as a restraint for the overall propargite market demand . The use of biopesticides can be deemed as a potential substitute in near future .
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Propargite Market : Region-wise Insight
In terms of global demand , Asia Pacific is expected to attain the leading position in the propargite market over the forecast period . Currently , China stands as the largest importer of propargite . Moreover , with an increase in production of propargite in the past few years , China is likely to be the leader in the propargite market in the near future , followed by India and Japan owing to a fast paced demand .
The U . S . and Germany are the leading propargite producing countries in North America and Europe respectively . They are expected to show similar trend over the forecast period . The U . S . is considered as a mature market for propargite imports . However , the export markets are estimated to show a slow growing demand in next few years . Europe is anticipated to decline in domestic as well as the global propargite market . Other European countries such as France and Italy are likely to become the largest consumers . Rest of the world region , especially Africa is estimated to show potential markets over the coming years .
Propargite Market : Key Players
At present , manufacturers such as Bayer Crop Science AG , Drexel Chemical Company , Gujarat Pesticides Private Limited and Kenvos Biotech Company Limited dominate the propargite market .
The report has been compiled through extensive primary research ( through interviews , surveys , and observations of seasoned analysts ) and secondary research ( which entails reputable paid sources , trade journals , and industry body databases ). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry ’ s value chain .