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Butachlor Market By Application and by region 2018-2023

08-08-2018 05:11 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: marketdataforecast

Butachlor Market was worth USD XX million in 2018 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2023. Butachlor is a herbicide of acetanilide class.

Butachlor is mainly used in control of growth of grass weeds and broadleaf weeds. It is generally applied before the emergence of weed to curb its growth. It checks the formation of protein synthesis in grasses and weeds and thereby restricting their growth. It is an amber liquid, insoluble in water but soluble in most of organic solvents.

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Factors like limitation of arable lands, increasing number of invasive species and increasing resistance to existing herbicides and increasing practice of integrated vegetation management are the primary drivers for the growth of market. However, factors like toxic effects of butachor and its carcinogenic nature towards humans and animals are restricting the growth of market.

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The Global market for Butachlor is segmented based on Application. Based on Application it is divided into Rice Crop, Wheat Crop, Barley and Others. Based on geographical analysis, the market is divided into regions of North America, Latin America, Europe, Middle East and Africa and Asia Pacific. Asia Pacific holds the major share in the market due to high consumption of butachlor in the major agrarian countries such as China, India, Indonesia, Vietnam as well as presence of market leaders. North America is the fastest growing region due to increasing adoption rate and increasing demand for effective herbicides. Based on application, Rice crops and barley crops hold the major share in the market due to rice crops being staple food source in many Asian countries and barley being a major ingredient in beverage industry.

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Some of the key players dominating this market include Shanghai Tenglong Agrochemical Co. Ltd., Monsanto, Shanghai Mingdou Agrochemical Co. Ltd., Syngenta AG, SinoHarvest Corporation, Dow AgroSciences, Bayer CropScience, Zhejiang Rayfull Chemicals, Nantong Jiangshan Agrochemical & Chemicals Co. Ltd., Qingfeng Agro-chemical, Binnong Technology, and Green Land.

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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.

Market Data Forecast, Inc.

+1-888-702-9626 (U.S. TOLL FREE)
contact@marketdataforecast.com

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