Carbamate Market - Forecast(2023 - 2028)

Report Code: CMR 55408 Report Format: PDF + Excel

Carbamate Market Overview

The Carbamate Market size is forecasted to grow at a CAGR of 4.1% during the forecast period 2022-2027. Carbamate is an organic compound composed of carbamic acid and can be categorized into ammonium carbamate, covalent carbamates, and more. It is primarily used in the synthesis of urea, polyurethanes, isocyanates, pesticide, and other applications that are used in multiple industries such as agriculture, plastics, paints & coatings, cosmetics, and more. In 2020, the COVID-19 lockdown had significantly reduced production activities as a result of the country-wise shutdown of manufacturing sites, shortage of labor, and the decline of the supply and demand chain all over the world, thus, affecting the market. However, a steady recovery in agricultural production has been witnessed across the world since 2021. Carbamate is primarily used as a pesticide on agricultural crops in order to control various insects such as aphids, whitefly, crickets, and more from destroying the crops. According to the Food and Agriculture Organization (FAO), the global agricultural production including wheat and coarse grains is expected to increase by 9% from 2021 to 2030. An increase in agricultural production along with the surging consumer preference for the installation of gardens and lawns in residential and commercial buildings acts as the major driver for the market. On the other hand, health hazards associated with the use of carbamate may confine the growth of the market.

Report Coverage

The report: “Carbamate Market Report– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Carbamate Industry.

By Formulation: Granules, Spray, and Liquid.
By Type: Ammonium Carbamate, Covalent Carbamates, Others.
By Product: Aldicarb, Carbaryl, Propoxur, Oxamyl, Terbucarb, Others.
By Application: Synthesis of Urea, Polyurethanes, Pesticide, Wood and Paint Preservatives, Others.
By End-Use Industry: Agriculture (Crops (Grains and Cereals, Pulses and Oilseeds, Dry Beans, Peas, and Lentils, Fruits & Vegetables, Others)), Residential & Commercial (Trees, Gardens, and Lawns, Others), Plastic, Paints & Coatings, Cosmetics, and Pharmaceuticals.
By Geography: North America (USA, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Granular formulation held a significant share in the Carbamate Market in 2021. Its wide range of characteristics, ease of use, and increased efficiency made it stand out in comparison to other formulations in the market.
  • Pesticide application held the largest share in the Carbamate Market in 2021, owing to the increasing demand for carbamate for pest control during crop production and for improving the overall crop productivity.
  • Asia-Pacific dominated the Carbamate Market in 2021, owing to the increasing demand for Carbamate from the agricultural sector of the region. For instance, according to the United States Department of Agriculture (USDA), the total wheat production in China reached up to 136.9 million metric tons in 2021, an increase of 1.6% as compared to 134.3 million metric tons in 2020.

Figure: Asia-Pacific Carbamate Market Revenue, 2021-2027 (US$ Million)


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Carbamate Market Segment Analysis – By Formulation

The granular formulation held a significant share in the Carbamate Market in 2021, owing to its increasing demand due to the characteristics and benefits it offers over other types of formulations. For instance, granular carbamate pesticide is easy to use in comparison to spray, and other formulations, and can be directly attached to the soil where the insects are usually located. Moreover, granular pesticide normally lasts longer in outdoor settings as compared to spray pesticide that can quickly break down due to rain and sunlight. In addition to this, granular formulations are more economical, safer to use, and more effective as it releases the pesticide directly into the soil, which provides optimum protection of the crops, gardens, and lawns from pests or insects. Hence, all of these benefits are driving its demand over other types of formulations, which in turn, is expected to boost the market growth during the forecast period.

Carbamate Market Segment Analysis – By Application

The pesticide segment held the largest share in the Carbamate Market in 2021 and is expected to grow at a CAGR of 4.3% between 2022 and 2027, owing to the increasing demand for carbamate pesticide from agricultural sectors across the globe. For instance, in January 2022, the government of Egypt invested around EGP 6.4 billion (US$ 413 million) for the continuation of its agricultural project. The project will focus on the production of crops such as wheat, maize, cotton, and oil. In September 2021, the Spanish government invested around EUR 13 million (US$ 15.4 million) in order to fund the country’s agricultural projects that aim at increasing the country’s food crop production capacity. Furthermore, recent insights from the US Department of Agriculture state that the global food crop production reached 2,791.5 million metric tons in 2021, and 2,719.7 million metric tons in 2020, representing an incline of 2.57% in 2021 as compared to 2020.

In this way, an increase in crop production across the world is expected to increase the demand for carbamate such as methomyl for the production of pesticides, which are required to control various pests or insects, such as aphids, whiteflies, and weevils that can cause significant damage to such food crops. This is expected to accelerate the growth of the market during the forecast period.

Carbamate Market Segment Analysis – By Geography

Asia-Pacific held the largest share in the Carbamate Market in 2021 up to 31%. The consumption of carbamate is particularly high in this region due to its increasing demand from the agricultural sector. For instance, according to the US Department of Agriculture, in 2020 the total food crop production in the Asia-Pacific region reached 1026.7 million metric tons in 2021, an increase of 2.7% in comparison to 998.8 million metric tons in 2020. According to the Department of Agriculture & Farmers Welfare, the total vegetable production in India reached 191.8 million metric tons in 2019, an increase of 4.7% in comparison to 2018. Furthermore, the total oilseed crop production in the Asia-Pacific region reached 127.6 million metric tons in 2020, and 131 million metric tons in 2021, representing a growth of 2.6% in 2021.

Thus, such surging production of food crops in the Asia-Pacific region is expected to drive the demand for carbamate for the production of pesticides used for pest control during crop production and for improving the overall crop productivity. This is expected to boost the growth of the market in the upcoming years.

Carbamate Market Drivers

An increase in agricultural production is most likely to increase demand for the product

Carbamate is primarily used as a pesticide on agricultural crops to control various pests or insects from destroying the crops and for improving the overall productivity. They kill insects by affecting their brains and nervous systems. For instance, according to the United States Department of Agriculture (USDA), global grains production reached 1,498.9 million metric tons in 2021, an increase of 4.5% in comparison to 1,434 million metric tons in 2020. According to the Food and Agriculture Organization, China produced around 588.26 million metric tons of vegetables in 2019. Furthermore, according to the European Union, the total production of fruits in the European region reached around 36.8 million metric tons in 2020, among which apples and pears production were the highest at 14.3 million metric tons, equivalent to 38.9% of the total fruit production in the region. Hence, such surging agricultural production across multiple regions is expected to increase the demand for carbamate pesticides for the protection of such crops from pests or insects, thus, resulting in the growth of the market in the upcoming years.

Surging consumer preference toward the installation of gardens and lawns in residential and commercial buildings is most likely to increase demand for the product

The inclusion of gardens and lawns in residential and commercial buildings offers pleasing aesthetics and aromas along with a range of other benefits. The presence of gardens and lawns in a building can act as a natural coolant, and air cleaners, as they play a significant role in absorbing carbon dioxide, dust, and other pollutants while producing oxygen and improving the overall air quality. Moreover, lawns and plants can considerably reduce noise pollution and are capable of reducing noise levels by 20% to 30%. Furthermore, gardens and lawns help in preventing erosion and protecting the water quality by absorbing the excess runoff during rainfall. Owing to these benefits, consumer preference towards the installation of gardens and lawns in residential and commercial buildings has been increasing in recent years, which in turn, is expected to drive the demand for carbamate pesticide in order to protect such gardens and lawns from damage caused by unwanted pests or insects. This is expected to propel the market growth in the upcoming years.

Carbamate Market Challenges

Health hazards associated with the use of carbamate can cause an obstruction to the market growth

Carbamate is known to cause acute toxicity in case of inhalation or ingestion. Carbamate poisoning cases are mostly associated with oral ingestion or occupational exposure. Short-term exposure to carbamates can cause headache, nausea, muscle twitching dizziness, loss of memory, weakness, tremor, tearing, constriction of pupils, and slowed heartbeat. Meanwhile, long-term exposure to carbamates can cause delayed neurotoxicity, which includes extreme tingling and burning sensations. This delayed neurotoxicity can further lead to paralysis. In addition to this, prolonged exposure can also cause damage to the kidney, liver, immune system, and bone marrow. The International Agency for Research on Cancer (IARC) has classified carbamate as a possible carcinogen to humans. Furthermore, it is considered to be hazardous to the aquatic environment as well and can cause long-term effects on aquatic life. Thus, such health hazards associated with the use of carbamate may confine the growth of the market.

Carbamate Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Carbamate Market. Global Carbamate top 10 companies are:

  1. BASF SE
  2. Bayer AG
  3.  FMC Corporation
  4. Corteva
  5. Nufarm Canada
  6. UPL Limited
  7. Sumitomo Chemical Co. Ltd
  8. ADAMA
  9. AMVAC Chemical Corporation
  10. LUMITOS AG

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1. Carbamate Market- Market Overview
    1.1 Definitions and Scope
2. Carbamate Market - Executive Summary
    2.1 Key Trends by Formulation
    2.2 Key Trends by Type
    2.3 Key Trends by Product
    2.4 Key Trends by Application
    2.5 Key Trends by End-Use
    2.6 Key Trends by Geography
3. Carbamate Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Carbamate Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Carbamate Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Carbamate Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Carbamate Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Carbamate Market– By Formulation (Market Size - US$ Million/Billion)
    8.1 Granules
    8.2 Spray
    8.3 Liquid
9. Carbamate Market– By Type (Market Size - US$ Million/Billion)
    9.1 Ammonium Carbamate
    9.2 Covalent Carbamates
    9.3 Others
10. Carbamate Market– By Product (Market Size - US$ Million/Billion)
    10.1 Aldicarb
    10.2 Carbaryl
    10.3 Propoxur
    10.4 Oxamyl
    10.5 Terbucarb
    10.6 Others
11. Carbamate Market– By Application (Market Size - US$ Million/Billion)
    11.1 Synthesis of Urea
    11.2 Polyurethanes
    11.3 Pesticide
    11.4 Wood And Paint Preservatives
    11.5 Others
12. Carbamate Market– By End-Use (Market Size - US$ Million/Billion)
    12.1 Agriculture
        12.1.1 Crops
            12.1.1.1 Grains and Cereals
            12.1.1.2 Pulses and Oilseeds
            12.1.1.3 Dry Beans, Peas, and Lentils
            12.1.1.4 Fruits & Vegetables
            12.1.1.5 Others
    12.2 Residential & Commercial
        12.2.1 Trees
        12.2.2 Gardens
        12.2.3 Lawns
        12.2.4 Others
    12.3 Plastic
    12.4 Paints & Coatings
    12.5 Cosmetics
    12.6 Pharmaceuticals
13. Carbamate Market - By Geography (Market Size - US$ Million/Billion)
    13.1 North America
        13.1.1 USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Netherlands
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zealand
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 UAE
            13.5.1.3 Israel
            13.5.1.4 Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 Rest of Africa
14. Carbamate Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Carbamate Market – Industry/Segment Competition Landscape Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Geography - Major companies
    15.4 Market Share at Country Level - Major companies
    15.5 Market Share by Key Product Type/Product category - Major companies
16. Carbamate Market – Key Company List by Country Premium Premium
17. Carbamate Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Carbamate Market, by Type Market 2019-2024 ($M)
2.Global Carbamate Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Carbamate Market, by Type Market 2019-2024 (Volume/Units)
4.Global Carbamate Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Carbamate Market, by Type Market 2019-2024 ($M)
6.North America Carbamate Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Carbamate Market, by Type Market 2019-2024 ($M)
8.South America Carbamate Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Carbamate Market, by Type Market 2019-2024 ($M)
10.Europe Carbamate Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Carbamate Market, by Type Market 2019-2024 ($M)
12.APAC Carbamate Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Carbamate Market, by Type Market 2019-2024 ($M)
14.MENA Carbamate Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Carbamate Market Revenue, 2019-2024 ($M)
2.Canada Global Carbamate Market Revenue, 2019-2024 ($M)
3.Mexico Global Carbamate Market Revenue, 2019-2024 ($M)
4.Brazil Global Carbamate Market Revenue, 2019-2024 ($M)
5.Argentina Global Carbamate Market Revenue, 2019-2024 ($M)
6.Peru Global Carbamate Market Revenue, 2019-2024 ($M)
7.Colombia Global Carbamate Market Revenue, 2019-2024 ($M)
8.Chile Global Carbamate Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Carbamate Market Revenue, 2019-2024 ($M)
10.UK Global Carbamate Market Revenue, 2019-2024 ($M)
11.Germany Global Carbamate Market Revenue, 2019-2024 ($M)
12.France Global Carbamate Market Revenue, 2019-2024 ($M)
13.Italy Global Carbamate Market Revenue, 2019-2024 ($M)
14.Spain Global Carbamate Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Carbamate Market Revenue, 2019-2024 ($M)
16.China Global Carbamate Market Revenue, 2019-2024 ($M)
17.India Global Carbamate Market Revenue, 2019-2024 ($M)
18.Japan Global Carbamate Market Revenue, 2019-2024 ($M)
19.South Korea Global Carbamate Market Revenue, 2019-2024 ($M)
20.South Africa Global Carbamate Market Revenue, 2019-2024 ($M)
21.North America Global Carbamate Industry By Application
22.South America Global Carbamate Industry By Application
23.Europe Global Carbamate Industry By Application
24.APAC Global Carbamate Industry By Application
25.MENA Global Carbamate Industry By Application