Tembotrione Market: Global Industry Analysis and Forecast (2024-2030)

Global Tembotrione Market was valued US$ 48.96 Mn. in 2023 and is expected to reach US$ 119.53 Mn. by 2030, at a CAGR of 13.6% during a forecast period.
Tembotrione Market Dynamics
Tembotrione is often used in seed corn, sweet corn, and popcorn crop fields. Moreover, tembotrione is used as a research device in new applications along with soybean and sorghum. Demand for tembotrione in corn applications is anticipated to growth extensively within the near future as a result of current approval with the aid of the European Union and increase possibilities inside the Asia Pacific.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.To know about the Research Methodology :- Request Free Sample Report

The technology of fast bleaching and removal of susceptible weeds has impelled the demand for tembotrione, a key ingredient in triketone herbicides. Rapid progresses in weed control technology have in addition stepped forward the modes of motion and bleaching capability of tembotrione, undoubtedly impacting the marketplace. The use of tembotrione to manipulate glyphosate-resistant weed augurs properly for the market growth over the forecast length. The latest approval of using herbicides is numerous nations of the European Union are predicted to catalyze the demand for tembotrione herbicides in cornfields. Besides, the demand for modern bleaching technology among corn growers in numerous developing regions is predicted to reinforce the uptake.
Tembotrione Market Segment analysis
Based on the Crop Type, the Corn segment is projected to grow at a CAGR of xx% during the forecast period. The main regions of tembotrione herbicides are in seed corn, sweet corn, and popcorn crop fields. The crop safety industry is seeing stimulating opportunities because of the incessant release of progressive formulations. The corn application segment accounted for a chief proportion within the global tembotrione market in 2023 and is predicted to expose an impressive increase over the forecast period. The growing reputation of non-selective herbicides together with glufosinate and glyphosate in a few corn sorts has also positively impacted the growth of this segment.
Tembotrione Market Regional analysis
The North America is estimated to lead the worldwide tembotrione marketplace throughout the forecast period. North America leads the worldwide marketplace and the most important demand for tembotrione herbicides comes from the U.S. The increase of the nearby marketplace is pushed through the presence of the huge availability of the product within the U.S. and Mexico. The herbicide aspect is permitted to be used in several states of the U.S. Bayer CropScience AG is the most effective tembotrione manufacturer, with its facility placed within the U.S. Laudis and Capreno are the two essential manufacturers of tembotrione formulations existing inside the herbicides market. Laudis, the brand for tembotrione, is available in the U.S. in addition to Mexico. Bayer CropScience operates the simplest production facility for tembotrione within the U.S. The crop protection industry has been dealing with demanding situations because of the growing resistance of several weeds in opposition to distinct herbicides consisting of glyphosate, dicamba, and ALS inhibitors. The capacity of tembotrione to govern glyphosate-resistant weed is predicted to be one of the main drivers for the worldwide demand for throughout the forecast length. Many pesticides (energetic elements) are launched annually within the crop protection industry. Currently, some of herbicides which include atrazine; 2, 4-D, dimethyl salt; clopyralid; and acetochlor can be utilized in cornfields.

The approval of the herbicide by means of the European Commission underneath EU plant protection regulation in 2014 has boosted the nearby market. In the meantime, Asia Pacific is anticipated to provide profitable boom avenues for the tembotrione market, pushed by way of big untapped possibilities in several corn-developing countries.
Tembotrione Market Key Developments
•In May 2018, prior to the acquisition of Monsanto by Bayer, Corteva Agriscience the agriculture division of DowDuPont Inc., and Monsanto Company announced the signing of a licensing agreement for next-generation technology for insect control in corn for the United States and Canada. Corteva Agriscience will receive a license to stack Monsanto’s Corn Rootworm III and MON89034 traits with Corteva Agriscience’s insect control traits. The technology will be offered with the Enlist™ herbicide-tolerant trait for corn and is effective against below-ground insect pests.

•Serenade™ ASO biological fungicide / bactericide was approved in France for the first time in October 2018. The registration covers foliar and soil applications on a wide range of crops, including oilseed rape / canola, sugar beets, grapes, potatoes, fruits and vegetables.

•In March 2018, prior to the acquisition of Monsanto by Bayer, Monsanto and Pairwise Plants announced a collaboration to advance agriculture research and development by leveraging gene-editing technology. Under the agreement, Pairwise will work exclusively with Bayer in corn, soybeans, wheat, cotton and oilseed rape / canola crops.

The objective of the report is to present a comprehensive analysis of the Global Tembotrione Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Tembotrione Market dynamics, structure by analysing the market segments and projects the Global Tembotrione Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Tembotrione Market make the report investor’s guide.
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Tembotrione Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 48.96 Mn.


Forecast Period 2024 to 2030 CAGR:
13.6%
Market Size in 2030:
US $ 119.53 Mn.


 Segments Covered:
by Crop Type
Corn
Others


by Herbicide Type
Laudis Water Dispersing Oil Suspension
Soberan SC



Tembotrione Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
South America (Brazil, Argetina and Rest of South America)
Tembotrione Market Key Players:
1. Bayer CropScience
2. SigmaAldrich
3. Jiangsu Aikon Biopharmaceutical R&D co.,Ltd.
4. Alta Scientific
5. Shanghai Synchem Pharma Co., ltd.

Frequently Asked Questions:

1. Which region has the largest share in Global Tembotrione Market?
Ans: North America region held the highest share in 2023.

2. What is the growth rate of Global Tembotrione Market?
Ans: The Global Tembotrione Market is growing at a CAGR of 13.6% during forecasting period 2024-2030

3. What is scope of the Global Tembotrione Market report?
Ans: Global Tembotrione Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What was the Global Tembotrione Market size in 2023?
Ans: The Global Tembotrione market was valued at US$ 48.96 Mn. In 2023.

5. What is the study period of this Market?
Ans: The Global Tembotrione Market is studied from 2023 to 2030