Thifluzamide Industry - Regional Synopsis
APAC Market Statistics
The Asia Pacific thifluzamide market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the increasing population and higher annual food consumption. In the Asia Pacific region, China and India are the leading countries producing fortified rice. In 2019, China alone had approximately 200 million tons of rice. The Asia Pacific region is projected to be the largest grain cultivator amongst other respective regions, which is estimated to add to the market growth over the forecast period. The rising construction sector and decrease in agricultural land with an increasing number of commercial and residential buildings are estimated to drive market growth in the coming years.
North American Market Forecast
Furthermore, the global thifluzamide market is projected to grow in the North American region during the forecast period owing to the availability of the largest farms for cultivation. In a report published by the United States Department of Agriculture in 2019, 2,023,400 farms were located in the US, meanwhile, the total size of farms in acres was evaluated to be 897,400,000. These parameters are anticipated to influence the global thifluzamide market positively over the forecast period.
