Wednesday, July 29, 2020

Future of KSA Online Grocery Delivery Market: Ken Research

How Is The Online Grocery Delivery Market Positioned In KSA?
The online grocery industry in Saudi Arabia has been growing rapidly since inception and is currently positioned to be in the growth stage. Major players entered the market between 2016 and 2018 & currently, there are 8-10 companies offering grocery delivery services in KSA.  In addition to this, the market value has doubled from 2017 to 2019, suggesting that consumers are starting to get more comfortable ordering essentials food items online.
The demand for online grocery is rising among working professionals & married couples as they have less time to physically visit a store for grocery shopping
Who is the Target Customer?
Smartphone users aged 25-44 are the major target audience for online grocery delivery companies in the Kingdom. The average order frequency is ~ orders per month.
How Is Market Segmented?
By Region: Central and Western Saudi Arabia mapped as major regions based on the demand for online grocery services in the Kingdom. Riyadh, Makkah, Medina mapped as major cities on the basis of demand for online grocery services in Central and Western Region. Dammam, Asir, and Ha'il considered as evolving regions in terms of demand and supply for online grocery services.
By Product Category: Food & Beverages mapped as the most demanded product category among the customers in the Kingdom. Most demanded products have been packaged food, canned food, water, bakery items, cleaning products, and baby food.
By Mode of Payment: Cash is the most preferred mode of payment as customers are skeptical for the security of their financial details. They believe their bank details are not secure if they use online mode of payment. This was followed by pre-delivery online payment and card on delivery. Pre-Delivery Online Payment options include Mada Cards, Apple Pay, Credit Cards, STC Pay, and others.
By Delivery: Customers prefer their orders to be fulfilled within the specific time slot promised by the online grocery service provider. Large order size often takes more preparation time thereby leading to delay in deliveries. Companies charge between SAR 10-20 for delivering groceries to the customer.
Operating Models
Marketplace model of grocery delivery refers to a company providing an e-commerce platform that connects customers and grocery stores for the purpose of buying and selling groceries respectively. Nana, Zad, and Qareeb.com have been following the marketplace model in the KSA. The omnichannel model provides access to groceries from offline and online platforms. Carrefour and Danube have been following the omnichannel model.
Competitive Landscape
The competition in the industry is concentrated on the presence of 8-10 players in the industry.  Major players are Nana Direct, Zad, Carrefour, Danube, and Qareeb.com. Companies have been battling against each other to acquire and retain clients, expand geographical presence, expand the product offerings, and improve unit economics to increase margins.
Companies with large product assortment, wide regional presence, and express delivery are identified as clear leaders in the industry. Companies are expected to focus on offering personalized shopping experience to the customer for instance showcasing relevant products based on previous search results, taste & preferences, etc.
Impact Of Covid-19 On KSA Online Grocery Market
Due to COVID-19 Outbreak, people avoided crowded places and turned to online grocery shopping amid escalating fears. Major Product Categories such as water, personal hygiene, home cleaning, fruits & vegetables, health & nutrition, and milk witnessed growth between 25-35% during the pandemic.
It was expected that there will be a drastic increase in the number of orders, average order size, and delivery time across the industry.  Companies partnered with third-party delivery companies to manage last-mile logistics. Companies faced logistical challenges to keep up with the increased demand. Service Providers who delivered in one to two days had a waiting period of one to two weeks.
What Is the Future Of KSA Online Grocery Delivery Market?
The online grocery delivery market GMV in KSA is expected to reach ~SAR by the end of 2025, registering a CAGR of 23.4% during the forecast period. In addition to this, the number of orders is expected to increase from ~ Million in 2019 to ~ Million by 2025, registering a CAGR of 21.2% during the forecast period.
It is anticipated that the average order size in the region would decline owing to an increase in frequency of orders placed by the customer. Companies are expected to invest in technological developments such as drones and warehouse automation to enable quicker deliveries and generate greater customer value. Companies would also expand their partnerships with third-party operators such as food delivery companies, logistics companies, and other service providers to enable quicker deliveries.
Key Segments Covered: -
By Region
Central
Western
Eastern
Southern
Northern
By Product Category
Food & Beverages
Fresh Food
Household Supplies
Beauty and Health
Others
By Mode of Payment
Cash on Delivery
Pre-Delivery Online Payment
Card on Delivery
By Delivery
In a Specific Time Period (Same Day or Next Day)
Express Delivery (30 minutes-2 hours)
Other (2-3 Days or More)
By Age Group
18-24 years
25-34 years
35-44 years
 45+ years
By Gender
Male
Gender
Companies Covered
Nana Direct
Zadfresh
Carrefour
Danube
Qareeb.com
Key Target Audience
Online Grocery Delivery Companies
Supermarkets & Hypermarkets
E-commerce Companies
Food Delivery Companies
Investors and Venture Capitalists
Logistics Companies
Government Organization catering to the FMCG Industry
Time Period Captured in the Report: -
Historical Period: 2017–2019
Forecast Period: 2020-2025
Key Topics Covered in the Report: -
Difference between Online & Offline Grocery Shopping. Why Online Grocery is the Way Forward?
Target Addressable Audience
Supply Ecosystem and Competition Parameters
Demand Scenario, Target Customer and Factor Influencing Consumer Behaviour
Process of On-Boarding a Grocery Store
Role & Responsibilities of Company and Partner Grocery Store
Gaps & Possible Solutions for Managing Logistics
Factors Influencing Customer Behaviour
Seasonality Trends
Features of a Grocery Delivery Application
Technologies Facilitating Online Grocery Delivery Industry
Upcoming Technologies in Online Grocery Delivery Industry
Future Market Trends and Way Forward
Marketing Strategies
Industry Best Practices
Covid-19 Impact on KSA Online Grocery Delivery Market
Analyst Recommendations
For More Information on the Research Report, refer to below links: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Saudi Arabia

Increase in Adoption of the Cloud Technology Anticipated to Drive Global Automation as a Service Market: Ken Research

The automation as a service (AaaS) is defined as process of integrating domain and functionality tools over various automation layers by a unified interface for all the workflows. It can also be defined as the process of automating events, processes, tasks and the other business functions. AaaS also enables the enterprises to form a virtual workforce, which is capable of performing the several tasks associated to high efficiency, eliminating the requirement of human interventions. It also offers the high scalability and further reduces operational cost by 25–50%, as a virtual workforce which has capability to work round the clock.

According to study, “Automation as a Service Market by Component (Solution and Services), Business Function (Information Technology, Sales and Marketing, Operations, Finance, Human Resources, and Others), Enterprise Size (Large Enterprises and Small & Medium Enterprises), and Industry Vertical (BFSI, Telecom & IT, Retail, Healthcare, Manufacturing, Government & Defense, Energy & Utilities, Media & Entertainment, Transportation & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global automation as a service market are Automation Anywhere, Inc., HCL Technologies Limited, Blue Prism Limited, Hewlett Packard Enterprise Company, Kofax Inc., Microsoft Corporation, Pegasystems Inc., International Business Machines Corporation, NICE Robotic Automation, and UiPath.

On the basis of type, automation as a service market is bifurcated as knowledge based automation and rule based automation. On the basis of component, market is bifurcated as services and solutions. Services include professional services (deployment & integration, consulting services and support & training) and managed services. On the basis of business function, market is bifurcated as sales & marketing, information technology (IT), finance, operations and human resources (HR). On the basis of deployment model, market is bifurcated as private cloud, public cloud and hybrid cloud. In addition, on the basis of industry vertical, market is bifurcated as manufacturing, telecom & IT, Banking, Financial Services, and Insurance (BFSI), retail & consumer goods, government & defense, media & entertainment, energy & utilities, transportation & logistics and others ( education and travel & hospitality).

The automation as a service market is driven by increase in adoption of the cloud technology, followed by rise in demand for automation across business processes. However, aspects such as maintaining data security and privacy may impact the market. Moreover, ability to generate a positive return on investment (ROI) and higher adoption among the small & medium enterprises is key opportunities for market.

Based on geography, the North-American region holds major share in global automation as a service market, followed by European region owing to increase in focus on innovations obtained from Research and Development (R&D) and technologies in the region. Whereas, the Asian-Pacific region is anticipated to exhibit considerable growth rate due to growth in adoption of automation and cloud technologies coupled with various other government initiatives, for instance smart cities across the APAC countries, including China and India over the forecast period. In upcoming years, it is predicted that future of the market will be bright caused by presence of a large number of big enterprises as well as large IT spending during the forecast period.

For More Information, refer to below link:-
Global Automation as a Service Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Growth in Adoption of Consumer Electronic Products Anticipated to Drive Global Photomask Market: Ken Research

Photomask is a photographic pattern, used to make microcircuit and ultraviolet light. These lights are shined through the mask on to a photoresist to transfer the pattern. These photomasks are used to manufacture components for instance display devices, micro-electromechanical system (MEMS), discrete semiconductor components, and standalone printed circuit board (PCB). In addition, the photomask has numerous applications, some of them are used to support consumers’ microlithography process as a midway step between production of photonics, ICs, and MEMS devices. The photomasks are extensively used to develop devices for computer & peripherals, automotive product, military product, consumer product, and biomedical & medical products. Moreover, photomask encompasses the pattern of integrated circuits, and they have become smaller & more complex to accurately transfer the pattern to silicon wafer.

According to study, “Photomask Market by Product (Reticle, Master Mask, and Others), Mask Shop Type (Captive Mask and Merchant Mask) and Application (Optical Devices, Discrete Components, Displays, MEMS, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global photomask market are Applied Materials, Inc., Advanced Reproductions Corporation, SK-Electronics Co. Ltd., Photronics Inc., Infinite Graphics Incorporated, Taiwan Mask Corporation (TMC), LG Innotek, Compugraphics Photomask Solutions, HTA Photomask, Nippon Filcon Co. Ltd., and Hoya Corporation. Key vendors are anticipated to witness substantial challenges to their growth owing to the rapid technological advances and cyclical nature of the semiconductor industry.

Based on type, photomask market is segmented into working mask, copy mask, reticle and master mask. Based on equipment, market is segmented into inspection equipment and photomasking equipment. Photomasking segment is estimated to exhibit considerable growth rate due to large-scale production & sales of wireless computing and communication devices during the forecast period. Based on mask shop type, market is segmented into merchant and captive. Based on application, market is segmented into discrete, display devices, optoelectronics, semiconductor & IC and others. In addition, based on end-user, market is segmented into electronics & semiconductors, research & development, chemical etching manufacturing, healthcare & pharma, automotive, aerospace, microfluidics, and others.

The photomask market is driven by increase in usage of automated systems across various industry verticals, followed by rise in demand for high density chip, growth in adoption of consumer electronic products and rise in demand of the semiconductors. However, high product cost and complexity related to photomask manufacturing process may impact the market. Moreover, increase in focus towards advancements in technologies such as Internet-of-Things (IoT) is a key opportunity for market.

Based on geography, the Asian-Pacific is a leading region in global photomask market owing to increase in adaptation of advanced photomasks in semiconductor & electronics industry in the region. Whereas, the North-Americana and European regions are expected to exhibit substantial growth rate due to growth in development of chips with high circuit density over the forecast period. In upcoming years, it is anticipated that future of the market will be optimistic because of growth in automation in semiconductor & electronics industry along with increase in technological advancements in semiconductor industry during the forecast period.

For More Information, Click on the Link Below:-
Global Photomask Market

Contact Us:-
Ken Research                                    
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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India Online Ed-Tech Market Revenue Growth During COVID-19 period: Ken Research

Analysts at Ken Research in their latest publication "Working Professional & Ed-Tech/University Paradigm Analysis for Online Up-skilling/Re-Skilling Programs during COVID-19 period" observed the current status quo of the Online Skilling industry in the country, with respect to the supply side (ed-tech companies and universities) and demand-side (working professional learners). The report details the key trends from the ed-tech company side, touching upon the key strategies implemented by companies in response due to this situation. It covers marketing strategies implemented, the rise in traction that ed-tech platforms are witnessing, the customer acquisition techniques that companies are using & the changes that their relationship with universities is undergoing during this period. From the demand angle, it covers the desirability and the preferences of working professionals to pursue online courses during this period.
COVID Impact on the Ed-Tech Industry
While the pandemic has proved to be a difficult opponent for most industries, Ed-Tech is one such disruptive sector wherein, the pandemic has accentuated the demand for online learning. Ed-Tech players especially in the Higher Education segment have been experiencing considerable spikes in users accessing their platform. Metrics including Users, Engagement, Completion Rates, Leads Generated & Revenues have risen during this period for Ed-Tech companies.
Strategic Changes Implemented by Ed-Tech Companies
In response to the high amount of people that are now looking to enroll in up-skilling and re-skilling programs, ed-tech companies have focused on introducing free content, in a move to widen traction across their programs. To increase the affordability of programs, companies have also introduced flexible payment mechanisms to allow learners with reduced purchasing power, to enroll in such programs, and to gain the perspective of online education platforms.
Marketing Techniques Leveraged by Ed-Tech Companies
Online learning players across the spectrum are now focusing more upon online marketing of their brand and courses, in a bid to capitalize on the huge target audience that spends a major part of their day online on any device. They have focused on launching online advertisement campaigns and reduced spend on television, radio, or print advertising. They have also partnered with other online platforms and government associations to build their brand and improve traction on their platform.
Working Professionals Online Learning Trends
Professionals across the country are looking to utilize the extra time on their hands to upgrade their skill-set and stay in touch with the rapidly developing technologies in the job spectrum. They are increasingly becoming comfortable with the idea of learning online and are willing to devote sufficient time and money for learning online. Data Science, Digital Marketing, IoT, Cloud Computing, and Software Development were some technologies that working professionals were most interested to learn and upgrade their skill-set in. They were also identified to be most interested in enrolling for short duration courses. The growth in online learning has not only spread to individuals but also to the corporate sector, with companies looking to train their employees online in the upcoming technologies across the spectrum.
Key Target Audience
Ed-Tech Companies
Universities
Education Industry Associations
Professional Associations
VC/Investment Firms
Ed-Tech Technology Partners
Government/Regulatory Bodies
Key Topics Covered in the Report: -
Strategic Roadmap of Ed-Tech Companies during COVID-19 Period
Working Professionals Paradigm Analysis
Introducing an Online Course during the COVID-19 Period
Working Professionals Online Skilling Desirability and Preferences Survey- A Survey Conducted with 2,500 Working Professionals in India
Relationship between Universities and Ed-Tech Companies- Changing Landscape and Margin Analysis
For More Information on the research report, refer to below link: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: India

Increase in Adoption of Film Capacitor over Electric Vehicles to Drive Film Capacitor Market: Ken Research


The film capacitors are also knows as film caps or the power film capacitor that are generally made over a two plastic films, covered over a metallic electrodes and wound into a cylindrical shaped winding structure. These capacitors are further based on the polypropylene film as a dielectric, and are used for both high frequency, and power application such as heating, pulse power energy discharge application, and AC capacitors used for the electrical distribution applications. The film capacitor is widely used over different sector, owing to their high characteristics. These capacitors are further deployed with high precision capacitance values and it has capacity that retains values over a longer comparing the other capacitor types. Moreover, the film capacitor has a longer shelf & service life and high reliability with a low average failure rate. The capacitor also contains various types of metalized capacitor, polyester film, polypropylene film, PTFE film, and polystyrene film.

According to study, “Film Capacitor Market by product (AC and DC), Type (Paper Film Capacitor and Plastic Film Capacitor) and Industry Vertical (Automotive, Power and Utilities, Consumer Electronics, Telecommunication, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the film capacitor market include KEMET Corporation, TDK Corporation, Panasonic Corporation, AVX Corporation, Vishay Intertechnology, Cornell Dubilier Electronics Inc., Electro Technik Industries, Ningbo Topo Electronic Co., Ltd., Wima GmbH & Co. KG, and XiamenFaratronic Co., Ltd.

Based on film type, the film capacitor market is segmented as metallized plastic film, dielectric film, and hybrid. Metallized plastic film capacitors are further sub-segmented as Metallized Polypropylene Capacitors (MKP), Metallized Polyester Capacitors (MKT), and Metallized Polypropylene Naphthalate. Additionally, the dielectric film type is further sub-segmented as Polypropylene (PP), Polyethylene terephthalate (PET), and Polyethylene Naphthalate (PEN). Based on technology, market is segmented as stacked-film technology and wound film technology. Based on application, market is segmented as AC and DC application. Based on voltage type, market is segmented as low voltage and high voltage. In addition, based on industry vertical, market is segmented as power & utilities, automotive, government, consumer electronics, aerospace & defense, telecommunication, and others.
The film capacitor market is driven by rise in demand for high temperature film capacitors, followed by increase in adoption of film capacitor in electric vehicle system and rise in demand for film capacitor in consumer electronics components. However, increase in severity of environmental & manufacturing rules and low pricing margin may impact the market. Moreover, surge in adoption of nano-layer film capacitors is a key opportunity for market.

Based on geography, the North-American region dominates the film capacitor market owing to rise in demand for hybrid electric vehicle, electric vehicle, and plug in hybrid vehicle in the region. Whereas, the Asian-Pacific and European regions are expected to show higher growth rate due to increase in demand from many sectors including defense, automotive, industries and others over the forecast period. In near future, it is expected that the market will be reached at quick speed as a result of huge requirement for capacitors in numerous manufacturing applications such as security, and automotive, growth in improvement in the standard of living and rise in disposable income during the forecast period.

For More Information, refer to below link:-
Global Film Capacitor Market

Related Report:-
Global Power Film Capacitors Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Robust Growth in Global Wood Coating Market Outlook: Ken Research

The Wood coatings are chemical interpretations commonly utilized for the wood processing. These coatings deliver the greater quality on the wood surface and are utilized for the variety of purposes, which involve the better hygiene, stabilization, and decoration of wood. These coatings are broadly utilized for enhancing wood's shelf life and aesthetic worth. They are utilized in the several industries such as food packaging industry, building & infrastructure, furniture, and many others.

According to the report analysis, ‘Europe Wood Coatings Market by Resin Type (Polyurethane, Nitrocellulose, Acrylic, Unsaturated Polyester, and Others), Technology (Waterborne, Conventional Solid Solvent Borne, High Solid Solvent Borne, Powder Coating, Radiation Cured, and Others), and Application (Furniture, Joinery, Flooring, and Others): Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the Europe wood coating market there are several corporates which recently operating more effectively for leading the highest market growth and registering the greatest value of the market share around the globe throughout the near years while decreasing the linked prices, increasing the applications of the wood coatings, implementing the profitable strategies, advancing the specifications of the production technologies, spreading the awareness related to the wood coatings, analyzing the strategies of the competitor’s, delivering the better consumer satisfaction and employing the young work force includes Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Jotun, Eastman Chemical Company, Kansai Paint Co., Ltd., Wendel Group, PPG Industries Inc., Tikkurila OYJ, Teknos Group and several others.

In addition, the Europe wood coatings market was worth at USD 2.4 billion in 2018, and is projected to reach USD 3.9 billion by 2026, increasing at a CAGR of 6.0% from 2019 to 2026. The speedy growth of the building & construction industry is one of the essential factors that propels the growth of the Europe wood coating market. Growth in construction activities around the Europe fuels the requirement of the wood coatings. German government is now aiming on modernization of prevailing infrastructure and has laid down a new federal transport schedule that is probable to be the biggest investment program on infrastructure across the world. This massive investment for infrastructure modernization is projected to propel the Europe wood coating market.

Wood coating can be engaged on great scale as it is the most effectual, cost-effective, and environmentally outgoing coating. Furthermore, augment in the disposable income of consumers and increase in the standard of living fuel the requirement for the modern furniture such as chairs, tables, shelves, bed frames, cupboards, and chests of drawers across the Europe. This is further predicted to drive the requirement for wood coatings.

However, the stringent environmental regulation imposed by the European government & numerous other regulatory bodies on the usage of volatile organic compounds (VOC) in the establishment of wood coating is projected to restrict the growth of the Europe wood coatings market. This is accredited to the fact that augmented the use of VOCs in the production of wood coatings has destructive impact on the environment.

In addition, the volatile raw material prices detain the growth of the market. On the other hand, advancement in the coatings technology and surge in usage of the radiation cure coatings are some of the aspects that deliver the lucrative opportunities for the growth of the Europe wood coating market. Therefore, in the near years, it is predicted that the market of wood coating in Europe will increase around the globe over the forthcoming duration.

For More Information, Click on the Link Below:-
Europe Wood Coatings Market

Contact Us:-
Ken Research                                    
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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US Agrochemical Market, US Agrochemical Industry, US Pesticides Liquid Market: Ken Research

How Agrochemicals Market is Positioned in the United States?
US Agrochemical market grew at a limited growth rate of ~% over the review period 2013-2019 and was further driven by shift towards new, proprietary premixes & formulations involving more than one active ingredient. Rising demand for crop protection chemicals due to frequent outbreaks of pest attacks on crops resulted in heavy losses during that season. New food processing, manufacturing, and packaging techniques have resulted in a flourishing F&B sector in the US. This has also led to an increase in the demand for agricultural products such as food grains, oilseeds, vegetables and fruits, which, in turn, is driving the agrochemicals market growth. Entry of several foreign players has also contributed towards the same coupled with increasing usage of Bio pesticides in the US. Changes in acreage under diversion programs and the Conservation Reserve Program (CRP) influenced the acreage in crop production and pesticide use in the US. Apart from that, growing population base and proportionately declining arable land have led to the need for improvement within US agricultural production. Advancements in new breeding technologies claim to improve yields, as well as increase the lifespan of crops. For instance, GMO crops by increasing fertilizer absorption capacity.
Large investment towards development of new varieties of effective and eco-friendly herbicides has also driven market demand.

US Agrochemical Market Segmentation
By Product Type (Herbicides, Insecticides, Fungicides and Other Pesticides)
Strong growth was observed in the insecticides product segment majorly due to slight increase in acreage for insecticide-heavy crops such as fruits and vegetables. Continued adoption of Integrated Pest Management (IPM) techniques has limited the demand as farmers tend to turn to insecticides as a last resort. Whereas on the other hand, demand for herbicides was fueled by a growing need for more effective herbicide formulations as weeds become more resistant to glyphosate. The minimal revenue share was captured by fungicides in the year 2019. US is a major producer of both older fungicides such as mancozeb and newer product types such as carboxamides. For newer fungicides, United States is facing less competition from lower-cost overseas producers, and exports represent a significant share of total US production. Production of agricultural fungicide.

By Pesticide Form (Liquid, Granules and Powder)
Liquid pesticides have a majority share in terms of revenues in the US. Since the use of liquid pesticides is relatively easier, farmers prefer to use liquid pesticides. Whereas, the share of granules and powder form of pesticides was relatively low as the particular product forms are often mistreated.

By Market Structure (Organized and Unorganized Market)
Organized sector was observed to be higher in terms of revenue owing to the updated set of government authorities and their regulations and number of checks performed at multiple stages. As farmers tend to use local and authenticated products, agro-chemical companies go through the stringent processes in order to get approvals for the same and establish their brand the country.

By Crop Type (Cereal, Fruits, Vegetables and Others)
Cereal crops has contributed the most in the overall agrochemical market revenues in the year 2019, with corn and soybean grown the most in the US. Major pesticides used in cereal crops are herbicides. In case of Fruit crops, both herbicides and insecticides are used for crop protection. Major fruit and nut crops include oranges, peanuts, grapes and apples. Pesticides are effective in combating against pests and increase the yield of the fruits. Most grown vegetable crops in the US include potato, tomato and sugarcane.

Snapshot On US Bio- Pesticide Market
Biopesticides market in the US was identified in an early growth stage. Dominance of chemical pesticides has limited desired level of usage, given that the commercialization of new products in the market is lagging behind. Bio-pesticides on the other hand, are gaining traction in the global research community. Over 200 biopesticide product types are sold in the US, compared to 60 analogous products in the European Union (EU) market. Development of the bio-pesticides is strongly related to research on biological control agents. Nanoformulations and microencapsulation technologies can improve the stability and residual action of biopesticide products, and this could increase their field use over long term.

Comparative Landscape in US Agrochemical Market
Competition stage was observed to be moderately concentrated, with leading 5 players collectively capturing over half of total market share in terms of revenue contribution during 2019. Nevertheless, the local / domestic players have presence in the market in and are competiting on the basis of product pricing, quality / reliability, manufacturing facilities, research and development, product portfolio / variants, clientele / end user, distribution network and geographical reach. Because of the presence of several major pesticide producers, United States is net exporter of pesticide products. Major pesticide producers have either launched variety of genetically modified seeds, or are in the process of developing a new variety of pesticides.

US Agrochemical Market Future Outlook and Projections
Due ot the COVID-19 pandemic, US agrochemical market growth will get affected on a short term basis owing to loss of many existing crop protection products. Continued decline in the rate of new product introductions, growth of off-patent manufacturers will also cause a negative impact. Apart from that, consolidation of farms and farmland is likely to happen after COVID-19 in the United States. The agrochemical market may witness a boost due to expect investments in Biologicals caused by manufacturer shift to food security and sustainable crop production thus, ensuring efficient supply chains. As a result, this should in turn drive interest towards new product formulations for biopesticides and biostimulants. The trade dispute between China and USA remains the most significant political factor impacting the agriculture industry. As the arable land deficit grows and agricultural practices become more efficient, government focus may shift from use of agrochemicals to other aspects which can increase the longevity of arable land without harming the environment. Factors such as growing demand for corn and soybeans will likely maintain strong total input requirements, even if usage per acre decreases due to rising costs and adoption of better practices.

Key Segments Covered:-
Product Type
Herbicides
Glyphosate
Atrazine
2,4-D
S-Metolachlor
Acetochlor
Dicamba
Others

Insecticides
Organophosphates
Carbamates
Pyrethroids
Neonicotinoids
Other

Fungicides
Chlorothalonil
Mancozeb
Other

Other Agricultural Pesticides:-
Fumigants
Defoliants & Desiccants
Rodenticides
Nematicides
All Others

Pesticide Form
Liquid
Granules
Powder

Market Structure
Organized Market
Unorganized Market

Crop Type
Cereal
Fruits
Vegetables
Others

Key Target Audience:-
Venture Capitalist Firms
Agrochemical Manufacturers
Raw Material Suppliers
Research & Development Institutes
Government Bodies & Regulating Authorities
Herbicide Manufacturers and Distributors
Insecticide Manufacturers
Fungicides Manufacturers

Time Period Captured in the Report:-
Historical Period: 2013-2019P
Forecast Period: 2019P–2025F

Companies Covered:-
Bayer
Syngenta
BASF
Corteva Agriscience
FMC Corporation
Others (ADAMA Agricultural Solutions, DOW Chemical, Du Pont, Monsanto, Nufarm and Sumito Chemical)

For More Information on the research report, refer to below link:-
US Agrochemical Market

Related Reports:-
Brazil Agrochemical Market Outlook to 2025 – By Type of Pesticides (Herbicides, Insecticides, Fungicides and others), By Generic and Patented, By Form of Pesticides (Liquid, Granules and Powder), By Market Structure (Organized and Unorganized Sector), By Type of Crops (Cereal Crops, Fruit Crops and Vegetable Crops), By Region (Mato Grosso, Parana, Sao Paulo, Rio Grande do Sul and Others)

Indonesia Agrochemicals Market Outlook to 2025- By Type of Pesticides (Herbicides, Insecticides, Fungicides, Bio Pesticides and Others), By Type of Crop Protection Product (Generic and Patented), By Application (Cereals, Vegetables, Fruits and Plantations) and By Sales Regions (Java & Bali Region, Sulawesi, Sumatra and Kalimantan)

Europe Agrochemical Market Outlook to 2025- By Herbicides (Based on Phenoxy-Phytohormones, Triazines, Carbamates), By Fungicides ( Based on Inorganic, Benzimidazoles, Triazoles), By Insecticides (Based on Pyrethroids, Organophosphates, Carbamates), By Biopesticides (Bioherbicide, Bioinsecticide, Biofungicide), By Country (France, Spain, Italy, Germany, Poland), and By Application (Cereals, Fruits, Vegetables)

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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