Global Penoxsulam Market Survey Report 2020 Along with Statistics, Forecasts till 2026

The Global Penoxsulam Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

Top Companies in the Global Penoxsulam Market are BASF SE, Bayer AG, Chemtura Corp, Crystal Crop Protection Pvt Ltd, Dow, Hangzhou Tianlong Biotechnology Co., Ltd, Monsanto Company, Nufarm Ltd, Shijiazhuang Xingbai Bioengineering Co., Ltd., Sumitomo Chemical, Syngeta International AG, Toronto Research Chemicals, UPL and others.

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Key Market Trends

Growing Demand of Penoxsulam from Agrochemicals

- Penoxsulam is a systemic herbicide that moves throughout the plant tissue and prevents plants from producing a necessary enzyme, acetolactate synthase (ALS), and should be applied to plants that are actively growing mature plants which require a higher concentration of herbicide for a longer contact time.

- Penoxsulam is used to control broadleaf, sedge, and grass weeds in transplanted, dry seeded and water-seeded rice.

- Penoxsulam is a new post-emergence, acetolactate synthase (ALS) inhibitor herbicide used as a foliar spray on dry-seeded rice crops, or as either a foliar spray or a granular formulation on water-seeded rice crops in order to control broadleaf weeds, aquatic plants, and certain grasses.

- Exponentially growing population and ever-increasing demand for food necessitate the use of more agrochemicals to increase the yield per hectare, which in turn increased pressure on dwindling farmlands.

- Hence, owing to the above-mentioned factors, the application of penoxsulam from agrochemical is likely to dominate during the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region is expected to dominate the market for penoxsulam during the forecast period. The rising demand of penoxsulam from agrochemical and growing application in pharmaceutical sector in developing countries like China, Japan and India is expected to drive the demand for penoxsulam in this region.

- The largest producers of penoxsulam are located in Asia-Pacific region. Some of the leading companies in the production of penoxsulam are Dow, BASF SE, Toronto Research Chemicals, Hangzhou Tianlong Biotechnology Co., Ltd and Crystal Crop Protection Pvt Ltd among others.

- The Indian economy traditionally being an agrarian economy is currently the 4th largest manufacturer of agrochemicals after the United States, Japan and China

- In recent years, the Chinese government has introduced a series of policies which include developing multinational clinical centers and accelerating the approval process of special medicine to narrow the pharmaceutical innovation gap between China and other leading countries.

- Owing to the above-mentioned factors, the market for penoxsulam in the Asia-Pacific region is projected to grow significantly during the study period.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Penoxsulam market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Penoxsulam market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Penoxsulam market.

Market Segments: This part of the report discusses product type and application segments of the global Penoxsulam market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Penoxsulam used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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