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Global Paraquat Market Expected to Witness a Sustainable Growth over 2023
Paraquat is a highly toxic pesticide that is widely used as an herbicide (plant killer), primarily for weed and grass control. It is a toxic chemical which repeatedly causes damage to health and deaths among workers and farmers. So it is banned in Switzerland and the European Union, as well as some African and Asian countries.
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Global Paraquat Market: Forecast by Type / Application / Region
Paraquat is banned in Switzerland and the European Union, as well as some African and Asian countries. It is restricted for use only by licensed technicians in the United States. In July, 2016, the production and use of paraquat in China is unavoidably banned from market. So the production of paraquat in recent years is decreasing.
In the past few years, the biggest export destinations for Chinese paraquat were Indonesia, Thailand, Brazil, Malaysia and Australia. In the future, global market is expected to witness significant decrease of production, so in the next few years, paraquat production will show a trend of steady decrease. In 2022 the production of paraquat is estimated to be paraquat 39.4 K MT. On product prices, the slow downward trend in recent years will maintain in the future.
Over the next five years, LPI(LP Information) projects that Paraquat will register a -9.7% CAGR in terms of revenue, reach US$ 72 million by 2023, from US$ 130 million in 2017.
Global Paraquat Market: Key Players
Nanjing Redsun
Syngenta
Shandong Luba Chemical
Hubei Sanonda
Willowood USA
Solera
Sinon Corporation
Shandong Lufeng
Kexin Biochemical
Zhejiang Yongnong
HuBei XianLong
HPM
Qiaochang Chemical
Shandong Dacheng
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Related Information:
United States Paraquat Market Research Report 2018
Europe Paraquat Market Research Report 2018
North America Paraquat Market Research Report 2018
Asia-Pacific Paraquat Market Research Report 2018
China Paraquat Market Research Report 2018
EMEA Paraquat Market Research Report 2018
Global Paraquat Market Research Report 2018
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