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Global Captan Market: Overview

Captan is a white or pale yellowish brown-colored compound. It is a fungicide which belongs to the class of Phthalimides. In its pure form captan is a colorless crystal having a pungent smell. It is generally used as a pesticide as well as mixed with other components to form a pesticide mixture, which has better effectiveness. The U.S. Environment Protection Agency classified captan as a Class 4 toxic chemical, which means it is practically non toxic. However when in higher concentration, it is nauseating to the human eyes and skin. Captan is disease-resistant to vegetables, fruits and ornamental plants. Accounting to its wide applications, captan is useful in both agricultural and domestic uses. The U.S Environment Protection Agency stated captan as a potential carcinogen. Although in 2004 it was reclassified as non-toxic as there was no experimental proof found which could support the prediction. Captan is sold under different trade names such as Merpan, Orthocide, Vancide 89, Clomitance and Argox in the market.

Captan is the preferred fungicide as it also improves the external appearance of the fruits making it look healthy and bright. The major use of captan is in the cultivation of apples. Captan is protective and curative against diseases such as white rot, black rot, bitter rot and blossom end rot, occurring on apples. More than half of the apple orchids in the U.S. are treated with captan-containing fungicides. It is also extensively used in the cultivation of almonds and strawberries. Captan is applied in packaging boxes to prevent the fruits and vegetables from rotting while transportation. Captan is used in leather and plastic products as preservatives against fungal growth. On the agricultural crops, Captan is sprayed a month before harvesting, to protect the crops against diseases such as fire blight and rusts. However captan has a couple of spray incompatibilities such as it should not be mixed with sulfur, lime, oil or other alkaline medium as the resultant mixture may injure the plant parts under high temperature and humidity. Use of Captan for the cultivation and storage of food crops was banned in the U.S. in 1989 as it was thought to be a carcinogen. However the use of this compound resumed post several decades after the U.S. Environment Protection Agency classified captan as a non toxic chemical.

Captan is considered as one of the widely used fungicide and its use in terms of volume has increased drastically owing to its ability to be used in a broad spectrum of applications. Increasing number of agricultural activities has fuelled the demand for fungicides in the Asia-Pacific region. Crops become disease-prone when they are subjected to drastic climatic changes. Over the recent years, North America has witnessed these climatic changes which in turn have fuelled the demand for fungicides for crop protection applications. Asia-Pacific region is leading in terms of growth rate and North America with regards to consumption .In Europe farmers are opting fungicides over other products such as herbicides and insecticides as fungicides are comparatively cheaper than the latter agrochemicals and they have a greening effect which gives the crop a fresh look. On account of these factors, demand for fungicides is substantially increasing in Europe, which has further boosted the demand for captan-containing fungicides. Emerging economies such as China, India and Brazil have the largest agricultural sector and are expected to boost up the demand for agrochemicals as well as fungicides containing captan. Manufacturers have started developing fungicidal complex products which is resistance to more than one disease. Triazoles and Strobilurines fungicides are the some of the key competitors of captan-based fungicides.

Global Captan Market: Key Players

Arysta LifeScience, BASF SE, Chevron Phillips Chemical Company, Crop Care Australasia Pty Ltd, and Makhteshin Agan of North America, Inc., are some of the key players in the Captan market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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