Thifluzamide Market Analysis

Application (Seed Treatment, Fungicide)

The global thifluzamide market is segmented and analyzed for demand and supply by application into seed treatment and fungicide. Out of these segments, fungicide is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing use of fungicides in agriculture, rising agricultural land, and a growing number of fungal diseases. The increasing demand for crop production with a rising population across the world is estimated to propel market growth in the coming years. The growth of the market is also attributed to the increasingly low-quality seed production that is less immune to diseases. According to the estimations, more than 80% of plant diseases are caused by fungi around the world as per a pathological study.  

Distribution Channel (Compost Seed Stores, Retail Shops, Online)

The global thifluzamide market is also segmented and analyzed for demand and supply by distribution channel into compost seed stores, retail shops, online, and others. Amongst these segments, the compost seed stores segment is expected to garner a significant share. The growth of the compost seed stores segment was attributed to the rising use of biofertilizers, improving soil structure, and a growing number of beneficial bacteria in the soil. The rising preference for bio compost made from food waste, mushroom compost, yard trimming, and vermicompost. The growing demand for agricultural production is also estimated to drive market growth during the forecast period. The growing population and demand for organic farming across the world to reduce harmful chemicals are estimated to propel market growth. As per the study reports, the vermicompost was estimated to increase the commercial yield by more than 25%, total biomass by over 10%, and shoot biomass by nearly 80% as of 2019.

Our in-depth analysis of the global market includes the following segments: