Thumbnail

Выход на рынок - Промышленность регуляторов роста растений на Тайване: анализ роста, тенденций и прогресса (2020–2025 гг.)

Looking to buy the report?

About the Market

The demand for increased crop productivity and the predicted challenges related to plant survival under adverse environmental conditions have renewed the interest in research of root biology. Various physiological and genetic studies have provided ample evidence in support of the role of plant growth regulators in root development. Factors such as increasing demand for cotton owing to the expansion of textile industry coupled with the rise of organic farming is expected to fuel the demand for plant growth regulators over the forecast period. However, preference of farmers towards better performing agrochemicals is expected to hamper the growth of the market. Focus on product innovation to prevent threat to the environment and economical plant growth regulators are anticipated to provide new opportunities in the market. Cytokinins accounted for over 40% of the global demand, and are expected to witness the fastest growth. Other plant hormones such as mepiquat chloride and gibberellins are extensively used in cotton plant and seed germination and are expected to follow a similar trend. The demand for plant growth regulators was significantly high in Europe in 2012, owing to the large scale organic farming industry where certain plant hormones such as auxins, cytokinins, and gibberellins are used. The demand for plant hormones have also been highly prevalent in developed nations due to the rapidly emerging organic farming industry coupled with the vast cotton industry, especially in the U.S. Emerging regions of Asia-Pacific are expected to witness the fastest growth over the forecast period. BASF SE, Bayer CropScience, Crop Care Limited, DuPont, NuFarm Limited, Redox Industries Ltd, and Sichuan Guoguang Agrochemical Co., Ltd. are some of the key players in the industry.

About the Geography

Taiwan has a dynamic capitalist economy with a semi-presidential government. Its economy is now the 26th largest in the world,as per the International Monetary Fund’s (IMF) World Economic Outlook Database. The island enjoys strong growth sustained by the dynamism of the entire region, a population with high purchasing power, and an economy focused on technology.

Taiwan has one of the lowest fertility rates in the world, which tells us that the country is about to face labor shortages. To counter this, new regulations provide preferential tax incentives to foreign professionals employed in Taiwan, aimed at improving the overall environment for recruiting and attracting professionals from other countries. The regulations, which address a general shortage of professional talent, are expected to benefit up to 3,000 foreign professionals. Currently, a proposal has been made to establish "free economic demonstration zones" (FEDZ). The goal of building up these zones is to position Taiwan as Asia-Pacific’s Free Trade Center. The first phase of the plan has been launched in August 2013 and the draft Special Act for EPZ is awaiting ratification.

The major drawbacks for conducting business in Taiwan are the lack of direct communication with China, certain weakness in the protection of intellectual property, and a limited domestic market. Still, Taiwan ranks very high in the ease of doing business and its strategic geographical location serves as an entryway to China and the ASEAN markets. The modern infrastructure and excellent innovation capabilities make it an attractive destination for investors.

 

Component Name

Unit

From Site

GDP

USD billion

524

GDP Annual Growth Rate

%

0.7

GDP Per Capita

USD

22044

Unemployment Rate

%

3.95

Wages

USD/Month

1,478.39

Inflation Rate

%

0.33

Consumer Price Index (CPI)

Index Points

105

Interest Rate

%

1.38

Loans to Private Sector

USD million/billion

313,463.33 million

Balance of Trade

USD million/billion

4374 million

Manufacturing PMI

Index Points

52.2

Ease of Doing Business

(No Units)

11

Competitiveness Rank

(No Units)

14

Corruption Rank

(No Units)

30

Consumer Confidence

(No Units)

78.66

Consumer Spending

USD million/billion

68,674.89

Bank Lending Rate (Consumers)

%

2.64

Corporate Tax Rate

%

17

Sales Tax Rate

%

5

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

 

 

Looking to buy the report?

Need a report that reflects how COVID-19 has impacted this market and its growth?

Looking to customize report?

Email

Message

By submitting, you confirm that you agree to our privacy policy