Global Pinoxaden Market is Segmented By Type (Purity 95%, Purity 96%, Purity 97%, Other), By Formulation Type (Emulsifiable Concentrate, Water-dispersible Granule, Others), By Crop (Barley, Wheat), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Pinoxaden Market Overview
The Global Pinoxaden Market is expected to grow at a CAGR 12.9% during the forecasting period (2023-2030). Pinoxaden is a novel, highly selective herbicide based on phenylpyrazoline active ingredient. It is used extensively for the control of monocotyledonous grass weeds with effective functionality in cereals and grass crops. It was developed and patented by the Swiss company Syngenta AG till the expiration of its Chinese compound patent in March 2019.
Pinoxaden is finding application in over 50 countries across America, Europe, Asia Pacific and Africa regions. The cereal fields in North America and Europe were historically the primary application areas for this herbicide, as it impedes the growth of several weed species such as wild oats, canary grass, and black grass which are accountable for lowering the yield. The product is commercially available as emulsifiable concentrate (EC), water-dispersible granule (WG) and technical concentrate.
Pinoxaden Market Dynamics and Trends
The increasing need for enhancing the agricultural yield of barley and wheat is expected to drive the market growth
The increasing need for enhancing the agricultural yield of barley and wheat to the feeding the increasing population is a major trend forming the shape of the pinoxaden market’s growth. Globally, the losses of wheat and barley, as well as agriculture production from annual and biannual weeds, are very high, to counter these losses various farmers are using these types of herbicides. The growing resistance to herbicide in crops driving is strengthening the demand for improving herbicide preparations, enhancing the hopes of the pinoxaden market. Rising awareness and high potential within farmers for new weed control methods are likely to propel the growth of the pinoxaden market in the years to come. The increasing need for a high yield of crops to fulfill the rising demands of food is estimated to enlarge the growth of the market. Furthermore, heavy investment by leading companies for R&D activities in the field of agrochemicals provides efficient and effective herbicides.
Pinoxaden Market Segmentation Analysis
The emulsifiable concentrate segment, holding about XX% of the global market
By formulation type, emulsifiable concentrate segment accounted for the largest market share in 2020 and is estimated to be the largest segment in the years to come. This is due to the Growing agricultural food production across the globe, increasing need for higher yield to meet the rising demand from increasing. However, the major restraints met by this market are government regulations in certain areas and risks related with manual utilization of these pinoxadens. Water-dispersible granule segment projected to be the fastest-growing segment, growing at a CAGR of XX% over the forecast period on an account of rising awareness within the farmers regarding weed control measures is estimated to enlarge market growth in the upcoming years. The increasing need for a high yield of crops to fulfill the rising demands of food is estimated to enlarge the growth of the market.
Pinoxaden Market Geographical Share
Europe is the largest market for pinoxaden with a share of nearly XX% in global sales value in 2020
By geography, Europe was accounted for the largest market share in 2020 and is expected to be the dominating regional market in the upcoming years. This is because the Key producers are introducing new products to achieve the largest market share. Moreover, Europe is the largest producer of wheat and barley. Europe is followed by North America and Asia Pacific. The Asia Pacific is estimated to exhibit the fastest growth rate for the pinoxaden market within the projected years. Growing acceptance of herbicides to advance supportable production of barley and wheat is catalyzing new opportunities for market players and producers. Developing countries in the region are promoting the employment of viable production systems, such as the use of environmentally friendly and effective weed control herbicides.
Pinoxaden Companies and Competitive Landscape
The global pinoxaden market is highly competitive with many formulators. Some of the key market players include ArrakisTek Inc., BOC Science, Merck KGaA, AgChemAccess Limited, Amadis Chemical Company Limited, Haihang Industry, Aurora Fine Chemicals, Transpek-Silox Pvt Ltd, Syngenta AG, Advanced Technology, Jinhe Group, among others. They have strengthened the market through their product offerings. Continuous innovation to introduce new products with functional benefits is the key competitive factor. For instance, in October 2020, Syngenta Group has announced the acquisition of Valagro, a prominent biological firm, by its business unit Syngenta Crop Protection. The investment positions Syngenta Crop Protection as one of the key global companies poised to shape the rapidly growing biological market.
COVID-19 Impact on Pinoxaden Market
The latest crisis of the epidemic of COVID-19 has had a considerable impact on several sectors and industries around the globe. The pinoxaden market and its supply chain of pinoxaden have been hampered in the various regions due to the regulation imposed by various governments, which impacted transport. Still, the pinoxaden market is back to normal condition after lockdown. The demand for various agrochemicals and fertilizers was affected across the globe, it was lower for a few months. The coronavirus affected the USA, the Netherlands, Germany, China, France, Italy, India, Spain, Brazil, and other major nations involved in pinoxaden production. The influence of COVID-19 is a lot higher in developed countries. The multination firms would focus their strategies and energies more on these countries than the poor and developing countries. After the pandemic, people become more aware of their health and food. Most of them choose to eat healthy and organic food to increase immunity and avoid further health problems.
Why Purchase the Report?
• Understand the current market scenario and viability of global pinoxaden over the forecast period
• Visualize the composition of the global pinoxaden market in terms of product type and application to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market
What we offer?
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global pinoxaden market Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
Target Audience
• Crop protection companies
• Farmer communities
• Chemical Ingredient Suppliers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professional
