The Global Captan Market size is expected to grow at 10% CAGR reaching $2 billion during the forecast period(2021-2028). Captan is an organo-phosphate chemical pesticide that is used to control a variety of pests for its antifungal properties. It was first registered for use in the United States in 1958 and has been in agricultural use since 1964. Captan is primarily used on cotton, peanuts, soybeans, sugarbeets, and tobacco crops as well as other vegetables and fruit crops. Captan also finds application in the residential sector where it can be applied against fleas or ticks on household pets.
On the basis of Type, the market is segmented into Solid and Liquid.
Solid Captan is a pesticide that comes in solid form. It can be sprinkled on crops to prevent the growth of harmful insects and weeds. Solid Captan has an acidic pH and contains about 37% sulfuric acid, 12-15% water, and 40-48% nitric oxide. Solid Captan comes in the form of pellets or blocks that are widely used for soil fumigation to control pests such as termites, insects, fungi, etc., during landscaping work and before planting crops on infested soils.
Liquid Captan is a pesticide that comes in liquid form. It can be diluted with water and sprayed on crops to prevent the growth of harmful insects and weeds. It may not kill all pests, but it will reduce their numbers significantly for as long as the soil remains moist. Liquid captan is preferred over solid captan because liquid captant are easier to use than solids--since it just needs to be diluted with water before spraying onto crop plants instead of having to sprinkle one by one manually.
On the basis of Application, the market is segmented into Agricultural & Domestic Applications. The agricultural application includes applications like crop spraying to protect plants against diseases (e.g., powdery mildew), insecticides (e.g., diazinon), etc. In addition, these pesticides are also effective against insects infesting crops like aphids and fruit flies. Such applications typically use solid forms rather than liquid forms. The domestic application is extremely lucrative for the captan manufacturers, while the agricultural market is also experiencing a rise in demand.
On the basis of Region, the market is segmented into North America, Latin American, Europe, Asia Pacific, and Middle East & Africa. The North American market is the largest captan market because of its significant importance in agriculture (e.g., soybean production). The European market is the second-largest captan market, and it is growing at the fastest rate. The Asia Pacific region has a significant potential for growth in this market because of its ever-expanding population. The Middle East & Africa region can be considered as an emerging market where there have been some encouraging developments recently with regard to mobile phone usage being associated with increased agricultural productivity due to better access to information on farming practices. This may lead to higher demand for captan products in this area.
- The growing demand for captan market is primarily driven by the increased use of agriculture products and also due to its ability to defend plants from pests.
- The growth rate in this segment is expected to be high over the coming years, owing to a rise in population and more food production which will lead manufacturers towards using captan on their crops. Moreover, there is an increasing awareness among farmers about environmental factors such as climate change that has further led them towards adopting new technologies like pesticides as they are believed not only useful but also economical at times.
Moreover, Captan Market has been highly successful across various countries because it helps control diseases caused by fungi; hence can successfully safeguard a variety of fruits including grapes, apples, etc.
Up Market Research published a new report titled “Captan Market research report which is segmented by Types (Solid, Liquid), By Applications (Agricultural, Domestic), By Players/Companies Arysta LifeScience, BASF, Chevron Phillips Chemical, Crop Care Australasia, Makhteshin Agan”.
Report Attributes | Report Details |
Report Title | Captan Market Research Report |
By Type | Solid, Liquid |
By Application | Agricultural, Domestic |
By Companies | Arysta LifeScience, BASF, Chevron Phillips Chemical, Crop Care Australasia, Makhteshin Agan |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Solid, Liquid and By Application Agricultural, Domestic.
Some of the companies that are profiled in this report are:
Captan Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Captan Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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