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Isoxaflutole Market for Vegetables and Other Crops - Industry Analysis, Size, Share, Growth By 2020

04-13-2017 06:19 AM CET | Energy & Environment

Press release from: TMR – Research Reports

Isoxaflutole Market

Isoxaflutole Market

Isoxaflutole is used as an herbicide in the agrochemical industry. The chemical is used on grasses and broad-leaved weeds in corn. Isoxaflutole restrains the carotenoid biosynthesis, which is responsible for chlorosis in plant growth. The active ingredient is rapidly metabolized in the soil as well as in the plant by opening the isoxazole, which forms a diketonitrile–metabolite that is responsible for the mode of action in the plant.

Isoxaflutole herbicide is primarily used on two vegetable crops: maize/corn and sugarcane. It is also used on fruit crops such as almond, peach, walnut, and apple Significant production of these food sources in emerging economies such as Brazil and emerging regions such as Asia Pacific is expected to boost the market for this herbicide over the next few years in these regions.

Isoxaflutole is an herbicide that is applied on crops in order to enhance their growth. The decline in arable lands has boosted the demand for isoxaflutole from farmers across the world significantly. The increasing production of corn, sugarcane, and various other crops is also fueling the global isoxaflutole market to a great extent, notes the research report.

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The report studies the global market for isoxaflutole on two fronts: Crop type and the regional distribution of this market. Vegetable crops and other crops such as fruits are the two main types of crops that utilize isoxaflutole as an herbicide. Of these, the vegetable crop segment has emerged as the biggest consumer of this herbicide. In 2013, this segment accounted for a share of more than 90% in the overall demand for isoxaflutole across the world, states the market study.

According to the report, isoxaflutole is the prime herbicide used on maize and sugarcane crops. Sugarcane, being one of the major sources of biofuel, has been witnessing a surge in demand, which is thereby propelling the demand for isoxaflutole in the global arena. Analysts expect this segment to maintain its leadership during the forecast period.

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The report further states that the demand for isoxaflutole from various fruit crops such as apple, peach, almond, and walnut has been rising constantly and is estimated to gain significant impetus in the coming years.Regionally, the report divides the global isoxaflutole market into Asia Pacific, Europe, North America, and the Rest of the World. North America dominates the overall market with a share of more than 40%. The U.S. has been identified as the biggest consumer of isoxaflutole in North America, owing to the high cultivation of maize.

Asia Pacific has also witnessed remarkable growth in its market share in the global isoxaflutole market on account of the increasing production of sugarcane and corn in this region. In 2013, it acquired a share of approximately 30% in the overall market, states the research report.

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