Tembotrione Market Pin Point Analysis For Changing Competitive Dynamics 2020

Transparency Market Research has released a new market report titled “Tembotrione Market for Corn and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”. According to the report, the market was valued at US$ 21.7 Mn in 2013 and is anticipated to reach US$ 51.2 Mn by 2020, expanding at a CAGR of 13.4% from 2013 to 2020. In terms of volume, the global demand for tembotrione stood at 267.4 tons in 2013.

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On the basis of geography, the tembotrione market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Of these, currently North America dominates the global market and the major demand for tembotrione herbicides comes from the U.S. The growth of the regional market is driven by the presence of the wide availability of the product in the U.S. and Mexico. The herbicide ingredient is approved for use in several states of the U.S.

This North America market is followed by the Europe market for tembotrione and is projected to witness significant growth over the forecast period. The approval of the herbicide by the European Commission under EU plant protection regulation in 2014 has boosted the regional market. Meanwhile, in the RoW region, Brazil and Argentina witnesses a substantial consumption of tembotrione, primarily driven by extensive corn productions and early regulatory approval of the herbicide. Meanwhile, Asia Pacific is expected to offer lucrative growth avenues for the tembotrione market, driven by large untapped opportunities in several corn-growing nations.

Bayer CropScience AG is the only tembotrione manufacturer, with its facility located in the U.S. Laudis and Capreno are the two major brands of tembotrione formulations available in the herbicides market.

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