Pendimethalin Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Pendimethalin Market is Segmented By Type(96 Percent Purity, 98 Percent Purity, Others), By Formulation(Water Dispersible Granules (WG), Wettable Powder (WP), Emulsifiable Concentrate (EC), Suspension Concentrate (SC), Soluble Liquid Concentrate (SL), Others), By Crop(Cereals & Grains, Fruits & Vegetables, Others), By Distribution Channel(E-Commerce, Specialty Stores, Hypermarket/Supermarket, Others), By Stage of Application(Pre-Plant, Pre-Emergency, Post-Emergency), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Pendimethalin Market Overview

The Global Pendimethalin Market reached USD 421.5 million in 2022 and is expected to reach USD 572.4 million by 2030, growing with a CAGR of 3.9% during the forecast period 2023-2030.

Broadleaf weeds and grassy weed species are controlled with the selective herbicide pendimethalin in a variety of agricultural and noncrop regions, as well as on lawns and ornamentals in private residences. Pendimethalin also inhibits the development of plant cells by preventing the production of spindles during cell division. The expansion of the pendimethalin market will be driven by the demand for worldwide production of cotton, soybeans, chili, and onions.

The USDA reports that in the marketing 12 months of 2019, which ran from August 2019 to July 2020, the USA produced close to twenty million cotton bales, with a complete market fee of approximately $7 billion. Additionally, America exports more cotton than any other US within the globe, accounting for around 35% of all cotton exports in the latest years. The United States needed greater productivity solutions to produce the same amount of arable land due to its participation in international commerce, which opportunity a market potential for penimethalin development.

Pendimethalin Market Scope and Summary

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Pendimethalin Market Dynamics and Trends

Increasing Demand for Pendimethalin for Usage of Wide-Range Crops

Corn, soybeans, cotton, wheat, vegetables, and fruit trees are just a few of the many crops that employ pendimethalin. Pendimethalin is consistently in demand in agriculture because of the wide range of crops it benefits.  Additionally, broadleaf weeds and annual grasses have both been successfully controlled with its help.

For instance, Dhanuka Agritech Ltd. sells Dhanutop (Pendimethalin 30% EC). An herbicide of the dinitroaniline family called pendimethalin is used in pre-emergence and post-emergence sprays to suppress annual grasses and certain broadleaf weeds. It prevents cell elongation and cell division. Inhibition of microtubule assembly.

Increasing Demand for Weed Control and Crop Protection

Pendimethalin is a useful tool for farmers since it works well in controlling a variety of weeds. It can stop weed development before it sprouts, defending crops against the competition for nutrients, water, and subsystems, thus increasing agricultural yields. The expansion of farmers' weed control areas is another important factor in the growth of the Pedimethalin market.

The cost of herbicides can exceed merely an arm and a major role in the upcoming year. Depending on the types of weeds and the extent of the infestation in 2023, the crucial input might increase to $100 per acre. A thorough weed-control program in the Midwest is anticipated to cost, on the low end, at least $50/acre, according to ProAg on December 19, 2020. This high cost will present a development opportunity for the pendimethalin market throughout the anticipated period.

Alternative Weed Control Methods

Pendimethalin demand can be decreased by using alternative weed control techniques, such as mechanical weeding, integrated pest management (IPM), or other herbicides, especially in areas where sustainable and ecologically friendly practices are supported. Using a variety of sensible procedures, integrated pest management (IPM) is a practical and ecologically responsible method of managing pests.

Additionally, government organizations support and use Integrated Pest Management (IPM), which will impede market expansion. For instance, since 1985, the Government of India has incorporated Integrated Pest Management (IPM) as a fundamental idea and key component of plant protection in its overall Crop Production Program. The Farmer Field School (FFS) program for Integrated Pest Management (IPM) for Fall Armyworm (FAW) was introduced by the Food and Agriculture Organization of the United Nations on November 8, 2021.

Pendimethalin Market Segmentation Analysis

The global pendimethalin market is segmented based on type, formulation, crop, distribution channel, stage of application and region.

Demanded  for Weed Control Application

Pendimethalin is a potent weed-controlling pesticide. Pendimethalin (pendimethalin) affects monocotyledonous weeds less effectively than dicotyledonous weeds do. Even with additional insecticides, dicotyledonous weeds have more plots as a result. Another important problem in the agriculture sector is weed management. Weeds have the ability to significantly reduce crop output, causing significant loss.

There are several methods of weed management, including the use of chemical herbicides, human weeding, and the use of mechanical weeders, although farmers choose to use items that are more affordable. Due to these challenge, novel chemical weed control methods are needed, which will drive pendimethalin market expansion throughout the course of the projection year. For instance, Ram Shree Chemicals sells pendimethalin, which has a purity level of 97%, for 400 INR per 100 kg in powder form.

Pendimethalin Market Geographical Penetration

Europe Dominates the Pendimethalin Market

The requirement for an efficient broad-spectrum herbicide and weed control management tool dominated the pendimethalin market in Europe. The companies operating in Europe will have to come up with a creative way to deal with pendimethalin. For instance, a patent application for a herbicidal compound including pendimethalin was filed on February 25, 2021, by the Netherlands-based BASF Agro B.V. The invention also has to do with how to control unwelcome plants, especially in crops.

The introduction of Chrome, a ready-to-use broad-spectrum weed control solution that combines three complementing modes of action in a single product and is efficient for all major winter cereal crops, has been announced by ADAMA Ltd. for July 20, 2022. Chrome builds on the popularity of ADAMA's Merkur, a Flufenacet, Diflufenican, and Pendimethalin pre-mixture that is registered in a number of EU nations.

Pendimethalin Market Companies and Competitive Landscape

The major global players include BASF SE, ADAMA, Rallis India Limited, Zhejiang Xinnong Chemical Co., Ltd., Jiangsu Yongan Chemcial Co., Ltd., Rosi Chemical Co., Ltd., Zhejiang Heben Pesticide & Chemicals Co., Ltd., Finchimica S.p.A., Biesterfeld AG and UPL

COVID-19 Impact on Pendimethalin Market

COVID Impact

The pendimethalin market may have been impacted by the COVID-19 pandemic's wide-ranging effects on the world's agriculture sector. The manufacturing and delivery of agricultural inputs, including herbicides like pendimethalin, were delayed as a result of supply chain interruptions, which was a significant problem. These delays, brought on by lockdowns, logistical difficulties, and manpower shortages, made it difficult for farmers to get crucial crop protection supplies, potentially affecting their weed control tactics.

Furthermore, many farmers had financial difficulties as a result of the pandemic's economic effects. Budgets for agriculture were limited as a result of decreasing earnings brought on by disruptions in the food supply chains and changes in consumer demand, such as a decline in demand from the hospitality industry. As a result, some farmers could have given herbicide use another thought and chosen alternate weed management techniques or cost-saving alternatives. Farmers were influenced to be more frugal with their spending and resource allocation due to the turbulence in the world's agricultural markets.

Russia-Ukraine War Impact

The geopolitical and economic fallout from the Russia-Ukraine conflict has the potential to have a variety of effects on the world pendimethalin market. Disruptions in this area might affect the availability and cost of agricultural inputs, especially herbicides like pendimethalin. Ukraine is a key agricultural producer and exporter noted for its lush terrain. Supply chain interruptions, changes in currency exchange rates, and export-import restrictions are among the main possible effects that might have an effect on pendimethalin's availability and cost in international markets.

Additionally, geopolitical crises might lead to market uncertainties that affect farmers' ability to make decisions. Pendimethalin and other crucial agricultural inputs may not always be available, forcing farmers to reevaluate their herbicide selections or look for other weed control strategies.

Key Developments

• On July 20, 2022, Chrome, a ready-to-use broad spectrum weed control option with three complementing Modes-of-Action that works for all major winter cereal crops, was introduced by ADAMA Ltd. Chrome builds on the success of ADAMA's Merkur, a Flufenacet, Diflufenican, and Pendimethalin pre-mixture that is registered in a number of EU nations.
• On June 14, 2022, The novel active ingredient, Luximo, and the product containing it, Luxinum Plus, have been approved by the British government. These products offer a new mode of action against grassweeds and an essential tool for managing black grass and Italian ryegrass, two of Britain's most difficult arable weeds.

Why Purchase the Report?

• To visualize the global pendimethalin market segmentation based on type, formulation, crop, distribution channel, stage of application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of pendimethalin market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global pendimethalin market report would provide approximately 77 tables, 85 figures and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies