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Thiamethoxam is a nicotinoid compound with broad-spectrum insecticidal properties. It is registered for use on numerous crops in many countries against sucking and chewing insects in vegetables, ornamentals, field crops, deciduous fruits, citrus, cotton, and rice. Its systemic properties have resulted in its use against foliar feeding insects via seed treatment, soil application, irrigation systems, or applied to the trunks of trees. It is also registered for direct foliar application.
Rise in income levels, multiple functionalities of thiamethoxam in the food & beverages industry, and rise in awareness towards the medicinal benefits of thiamethoxam drive the growth of the global thiamethoxam market. However, development of resistance among insects due to misuse and environmental limitations on the use of insecticides hamper the growth of this market.
The report segments global thiamethoxam market based on formulation, crop type, pest, and geography. On the basis of formulation, the market is classified into water dispersible granules, flowable concentrate for seed treatment, water soluble tablets, suspension concentrate, liquid, and others. By crop type, it is divided into cereals & grains, fruits & vegetables, and others. According to pest, it is categorized into, bemisia, hemileia & perileucoptera & saissetia, bemisia & sternechus, diaphorina, aphids, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is expected to dominate the global market by 2023, and is witnessing substantial growth in widely agricultural countries such as, China, India, and South Korea.
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