Press release
Clomazone Market Size, Share, Industry, Forecast and Outlook 2023-2030
Clomazone Market-DataM Intelligence
Global Clomazone Market Surpasses USD 408.5 Million in 2022, Anticipates USD 507.9 Million by 2030 with a CAGR of 2.3%
The Clomazone market is poised for substantial growth, having reached a valuation of USD 408.5 million in 2022 and forecasted to achieve USD 507.9 million by 2030, exhibiting a steady CAGR of 2.3% during the forecast period from 2023 to 2030.
Weed Management Boosts Clomazone Utilization
The broad application of clomazone in weed management systems, driven by its cost-effectiveness and potent control over annual grass, has led to its significant role in tackling problematic species like broadleaf signalgrass and barnyard grass. Notably, the rise in barnyard grass resistant to quinclorac and Propanol has propelled the demand for clomazone in rice cultivation globally.
Addressing Crop Output Challenges
Deploying clomazone at recommended rates for rice offers superior grass control but remains ineffective against broadleaf and sedge species. With the United States facing a 16% decrease in rough rice production in 2021, strategies to enhance crop output become imperative. The clomazone market is expected to expand during the forecast period in response to the growing demand for rice on a global scale.
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Market Scope and Summary Metrics
CAGR: 2.3%
Size Available for Years: 2021-2030
Forecast Period: 2023-2030
Regions Covered: North America, Europe, Asia-Pacific, South America, Middle East & Africa
Fastest Growing Region: Asia-Pacific
Largest Region: Europe
Segments Covered: Type, Crop, Formulation, Distribution Channel, Stage of Application, and Region
Dynamic Trends Shaping the Clomazone Market
1. Increasing Demand For Herbicide
The escalating need for new herbicide modes of action (MOAs) in the face of growing weed resistance to existing herbicides has fueled the demand for clomazone. Its affordability and efficacy in controlling a range of agricultural herbicides make it a preferred choice in various crops.
2. Government Regulations Supporting Clomazone Market
Governments worldwide are leaning on herbicides like clomazone to bolster their agriculture sectors. Initiatives like India's Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) contribute to the expansion of the agricultural industry, subsequently boosting the clomazone market.
3. Adverse Effects of Herbicide Use
While clomazone is effective in weed control, concerns arise in rice fields where amphibian species reside. Ongoing research on nanoparticles as safer agrochemical carriers aims to mitigate environmental risks associated with herbicide use.
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Segment Analysis: Clomazone Market
Demanded for Spray Form Solution
The surge in popularity of liquid suspension, attributed to its ability to retain herbicides until targeted weed destruction, marks a significant trend in the clomazone market. Farmers and agricultural experts select formulations based on their efficacy in weed management, influencing the market for clomazone in liquid suspension.
Geographical Penetration: Europe Dominates
Europe, with stringent regulations governing agricultural chemicals, particularly herbicides, emerges as a dominant player in the clomazone market. Recent amendments in approval periods for clomazone in the region are anticipated to fuel industry expansion in the coming years.
Competitive Landscape
Major global players in the clomazone market include BASF SE, Dow Agrosciences, Zhejiang Rayfull Chemicals Co.,Ltd., Hebni Enge Biotech Co, Ltd., UPL Europe Ltd, Interprovincial Cooperative Limited., FMC Corporation, Adama, Sipcam Oxon Spa, and Syngenta.
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