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Transformation of Food Chains in Factory Farming during COVID-19 Pandemic Inhibits Market Growth

The agriculture industry is deemed as one of essential industries during the unprecedented times of the COVID-19 (coronavirus) crisis. Agriculture producers are being pressured with volatile demand and supply due to disruptions in business activities. India, being one of world’s key agricultural producers, is facing trade disputes, since the government has prohibited import, manufacturing, and sale of pesticides and insecticides containing dimethoate, dicofol, and methomyl, among others.

The ongoing COVID-19 pandemic has raised issues about potential virus threats such as swine flu and bird flu, as scientists are still unsure about the exact origination of coronavirus. This has led to transformation of food chains in the factory farming sector and increased urban gardening. Thus, companies in the dimethoate market are overcoming these hurdles by diversifying their production for consumables required by the urban population for gardening.

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Dimethoate: Potential Endocrine-disrupting Chemical Under Scrutiny

The dimethoate market is projected to expand at a steady CAGR during the assessment period. However, dimethoate is under scrutiny due to a ban by governments, owing to prohibition on distribution, manufacturing, and import of dimethoate-containing insecticides and pesticides. This has created hurdles for companies in the India dimethoate market, since this issue is under dispute by several farmers and insecticide manufacturers.

It has been found that dimethoate, along with other synthetic compounds such as benfuracarb, captan, and oxyfluorfen contribute to a significant percentage of exports in the pesticide industry. Moreover, the banning notification largely contradicts with the Indian Government’s Make in India movement. This banning is anticipated to increase the cost of cultivation. Hence, insecticide manufacturers are diversifying their production activities in organic pesticides and hope a delay in decision making so that manufacturers can stabilize their revenue streams in alternate business models.

Minor Use Permits Provide Flexibility in Government’s Approval Process

Companies in the India dimethoate market are focusing on current minor use permits in horticulture applications, owing to disputes about its ban by the government. They are capitalizing on export opportunities in the pineapple industry in Australia and other countries, as producers in these countries are conscious about safe, strategic, and effective use of synthetic compounds in insecticides and pesticides. Thus, companies in the India dimethoate market should collaborate with producers from Australia to devise knowledge-sharing initiatives for farmers and the government to achieve judicial usage of dimethoate-induced pesticides.

Moreover, innovations in crop protection products is crucial for reviving growth in the agriculture industry. The world’s rapidly growing population is fueling innovations in dimethoate-induced pesticides and insecticides. The growing demand for organic produce is acting as a key market driver.

Agri-input Companies Collaborate with Dimethoate Insecticide Manufacturers to Transform Production Activities

Stringent regulatory frameworks, threat of climate change, and demand for sustainably grown food have intensified competition in the global dimethoate market. Hence, manufacturers have increased their investments in R&D to gain a competitive edge over other market players. Insecticide manufacturers are setting their collaboration wheels in motion with agri-input companies to scale business opportunities. Moreover, digitization of businesses is another key driver for the dimethoate market.

Pesticide manufacturers are mainly focusing on R&D to identify customer needs and achieve internal & external collaborations. Since most crop protection products are reformulations of past compounds, stakeholders in the value chain are focusing on gene sequencing and breeding innovations to introduce a new class of seeds and crops. This will help dimethoate insecticide manufacturers to transform their production activities to meet consumer and government demands.

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Potentially Valuable Opportunities in Hybrid Wheat and GM Seeds Benefit Manufacturers

While scientific and regulatory hurdles are still high, disease-resistant genetically modified (GM) traits in seeds hold promising potentials for companies in the dimethoate market. Insecticide manufacturers are seeking investments and funding from the Indian Government to develop seeds with disease-resistant traits. Companies are introducing knowledge-sharing initiatives to increase consumer acceptance toward genetically engineered seeds.

Companies in the dimethoate market are gaining strong business grounds with the introduction of hybrid wheat, which requires much less maintenance compared to conventional food grains. Pesticide manufacturers are increasing R&D to commercialize hybrid wheat in supermarkets and local stores. They are teaming up with agri-input companies to adopt new genetic approaches.

The herbicide mode of action for crop protection products are creating incremental opportunities for manufacturers. As such, farm automation and data driven decision-making are helping manufacturers in the dimethoate market accelerate innovations in crop protection products.

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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Dimethoate Market

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