Thifluzamide Market Size

Thifluzamide Market size is estimated to garner significant revenue by the end of 2035, growing at a CAGR of 7% over the forecast period, i.e., 2023-2035. The growth of the market can be attributed to the increasing number of crops and the rising number of diseases the agricultural land crops are estimated to drive the market growth during the forecast period. The effectiveness of thifluzamide in treating and preventing various fungal diseases and the rising demand for high production rates and quality are also estimated to propel market growth in the coming years. The decrease in agricultural land due to the rural population's urbanization and migration has raised the demand for quality crop production. These packers are expected to drive the thifluzamide market during the forecast. According to the reports, more than 15-38% of crops produced globally are lost to pests as of 2019.

Moreover, the rising crop diseases, increasing population across the world, and high investment in the field of agriculture during the forecast are also anticipated to fuel the market growth. The rising utilization of agricultural chemicals by farmers is also expected to propel market growth in the coming years. The market growth is also attributed to the rising economic standards of people and government initiatives to increase agricultural land to meet demand as the population is increasing day by day.  Also, the rising use of thifluzamide in the treatment of seeds is also anticipated to hike the market growth in the coming years. Approximately, about 2 kg of pesticides were used per hectare during 1990-2020 in the United Nations.