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Butachlor Market to Witness Comprehensive Growth by 2025

08-27-2018 04:53 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Butachlor Market to Witness Comprehensive Growth by 2025

Butachlor is an herbicide of the acetanilide class, primarily used to control the growth of grass weeds and broadleaf weeds. It is generally applied prior to the emergence of weed. It checks the formation of protein synthesis in grasses and weeds, thereby stopping them from further growth. The molecular formula of butachlor is C17H26CINO2, and it is an amber liquid, insoluble in water but soluble in most of the organic solvents. Its boiling point is 196°C and its density ranges between 1.059-1.07 below 25°C. The liquid is chemically stable under room temperature, but can get decomposed quickly under the influence of a strong acid, or get degraded by soil. Butachlor can be applied to a wide range of crops including rice, wheat, barley, cotton, corn, onion, chilies, and sugar beet. It is commonly used in paddy fields in many parts of Asia Pacific such as Taiwan and in South-east Asian countries, mostly for rice farming. Asia Pacific contributes significantly to the global butachlor market.

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Butachlor, however, is highly toxic and may prove to be a reason for several health and environmental hazards. The toxicity of butachlor can be reduced using ample quantity of water with it when it is applied, which is a key requirement in paddy fields. Nevertheless, it remains a concern for its users, as most of the countries in Asia Pacific face scarcity of water. Rise in awareness about the harmful effects of butachlor in Asia Pacific is anticipated to hamper the growth of market in the near future. Furthermore, stringent policies and rules for environmental protection are expected to restrain the growth of the butachlor market. Nonetheless, Asia Pacific and the agrarian countries in the region, such as India, Indonesia, and China contribute significantly to the butachlor market. High growth of population of these countries is responsible for propelling the demand of food grains, which in turn drives the growth of the butachlor market in the region.

Based on application, the butachlor market can be segmented into rice crop, wheat crop, barely, and others. The butachlor market at present is dominated by the rice crop segment, especially in Asia Pacific, and is anticipated to retain its position during the forecast period.

In terms of geography, the butachlor market can be divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific is projected to lead the butachlor market during the forecast period, due to high consumption of butachlor in the major agrarian countries such as China, India, Indonesia, Vietnam, etc. North America follows Asia Pacific in the consumption of butachlor. Furthermore, Brazil and some of the countries in South Africa are among the key contributors to the butachlor market. However, stringent government policies in North America and Europe regarding the use of butachlor is expected to restrain the growth of market during the forecast period.

Major players operating in the butachlor market are 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.

The butachlor market is projected to offer lucrative opportunities, especially in Asia Pacific, due to the growth of population in the region, which gives rise to the demand for increased food production. However, the threats posed by the usage of butachlor to human health and environment remain a major concern.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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