Pendimethalin Market Size, Share, Industry, Forecast and Outlook 2023-2030

Pendimethalin Market Report Size

Pendimethalin Market Surges, Expected to Reach USD 572.4 Million by 2030 with a CAGR of 3.9%

The global Pendimethalin Market, which achieved a noteworthy USD 421.5 million in 2022, is poised for substantial growth, projected to reach USD 572.4 million by 2030, demonstrating a robust Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2023 to 2030.

Pendimethalin, a selective herbicide extensively utilized in various agricultural and non-crop sectors, as well as on lawns and ornamentals, continues to gain prominence. Its unique ability to control broadleaf weeds and grassy weed species, coupled with inhibiting plant cell development, positions it as a pivotal solution in global agriculture.

The expansion of the Pendimethalin market is intricately linked to the demand for the worldwide production of key crops such as cotton, soybeans, chili, and onions. The United States, as a major player in international cotton commerce, significantly contributes to this demand. In the marketing year of 2019, the USA produced nearly twenty million cotton bales, representing a market value of approximately $7 billion. The need for increased productivity solutions in the face of international trade participation opens significant market potential for Pendimethalin development.

Pendimethalin Market Scope and Summary Metrics:

CAGR: 3.9%
Size Available for Years: 2021-2030
Forecast Period: 2023-2030
Data Availability: Value (US$)
Segments Covered: Type, Formulation, Crop, Distribution Channel, Stage of Application, and Region
Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region: Asia-Pacific
Largest Region: Europe
Report Insights Covered: Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter's Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other Key Insights.

For more details on this report: https://www.datamintelligence.com/research-report/pendimethalin-market

Pendimethalin Market Dynamics and Trends:

Increasing Demand for Pendimethalin for Usage of Wide-Range Crops

The versatility of Pendimethalin is underscored by its effectiveness in controlling a myriad of crops, including corn, soybeans, cotton, wheat, vegetables, and fruit trees. Its consistent demand in agriculture stems from its wide-ranging benefits, successfully controlling both broadleaf weeds and annual grasses.

For example, Dhanuka Agritech Ltd. offers Dhanutop (Pendimethalin 30% EC), a herbicide that plays a crucial role in suppressing annual grasses and certain broadleaf weeds through its impact on cell elongation and division.

Increasing Demand for Weed Control and Crop Protection

Pendimethalin emerges as a valuable asset for farmers, effectively controlling various weeds and preventing their growth before sprouting. The rising need for expanded weed control areas contributes significantly to the growth of the Pendimethalin market, especially in the face of increasing herbicide costs.

The cost of herbicides is projected to rise, potentially reaching $100 per acre in 2023. A comprehensive weed-control program in the Midwest is expected to cost at least $50/acre, providing a development opportunity for the Pendimethalin market.

Alternative Weed Control Methods

While Pendimethalin offers robust weed control, alternative methods such as mechanical weeding and Integrated Pest Management (IPM) are potential contenders. In regions where sustainable practices are prioritized, these alternatives may impact Pendimethalin demand.

Government support for Integrated Pest Management (IPM), as seen in India since 1985, presents a challenge to market expansion. The Farmer Field School (FFS) program for Integrated Pest Management (IPM) for Fall Armyworm (FAW) introduced by the Food and Agriculture Organization of the United Nations further emphasizes the importance of sustainable pest management practices.

Pendimethalin Market Segmentation Analysis:

Demanded for Weed Control Application

Pendimethalin's potency in weed control, particularly against dicotyledonous weeds, positions it as a crucial pesticide. Weed management, a persistent challenge in agriculture, necessitates novel chemical weed control methods, driving the expansion of the Pendimethalin market.

For instance, Ram Shree Chemicals offers Pendimethalin with a purity level of 97%, priced at 400 INR per 100 kg in powder form.

Request for Sample: https://www.datamintelligence.com/download-sample/pendimethalin-market

Pendimethalin Market Geographical Penetration:

Europe Dominates the Pendimethalin Market

Europe leads the Pendimethalin market, driven by the demand for an efficient broad-spectrum herbicide and weed control management tool. Companies in Europe are actively pursuing innovative solutions, as evidenced by patent applications and product introductions.

For instance, BASF Agro B.V., based in the Netherlands, filed a patent application for a herbicidal compound including Pendimethalin, emphasizing the need for effective control of unwanted plants in crops.

ADAMA Ltd. announced the introduction of Chrome, a ready-to-use broad-spectrum weed control solution effective for all major winter cereal crops, incorporating Pendimethalin along with complementary modes of action.

Pendimethalin Market Companies and Competitive Landscape:

Major Global Players:

BASF SE
ADAMA
Rallis India Limited
Zhejiang Xinnong Chemical Co., Ltd.
Jiangsu Yongan Chemical Co., Ltd.
Rosi Chemical Co., Ltd.
Zhejiang Heben Pesticide & Chemicals Co., Ltd.
Finchimica S.p.A.
Biesterfeld AG
UPL

Related Reports:

Soil Active Herbicides Market: https://www.datamintelligence.com/research-report/soil-active-herbicides-market

Emulsifiers Market: https://www.datamintelligence.com/research-report/emulsifiers-market

Water Dispenser Market: https://www.datamintelligence.com/research-report/water-dispenser-market

Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.