Pyroxasulfone Market Trends, Development History, Current Growth Analysis, and Estimated Forecast By 2030 | BASF, Syngenta, Bayer CropScience (formerly Monsanto)

The pyroxasulfone market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Pyroxasulfone is a broad-spectrum herbicide belonging to the triazolopyrimidine sulfonamide chemical family. It acts as pre-emergence and post-emergence herbicide primarily used for weed control in crops like cereals and pulses.

Market Dynamics:

The pyroxasulfone market is primarily driven by its increasing usage for broad-spectrum weed control in major crops. Pyroxasulfone provides effective control over tough weeds like Ambrosia, Amaranthus, cleavers, galinsoga, lamb's-quarters and many others. It works through the inhibition of the acetolactate synthase enzyme and provides residual activity in soil for around 6 months. This allows farmers to have effective weed control for an entire growing season with a single application. Additionally, pyroxasulfone also faces minimal resistance from weeds owing to its novel mode of action, thereby benefiting its adoption rates over time.

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Top Key Players are Covered in this Report:

★ BASF
★ Syngenta
★ Bayer CropScience (formerly Monsanto)
★ DowDuPont (now Corteva)
★ FMC Corporation
★ ADAMA
★ Agricultural Solutions

Detailed Segmentation

By Product Type:

★ By Crop Type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others
★ By Formulation: Emulsifiable Concentrate (EC), Wettable Powder (WP), Liquid, Others
★ By Application Method: Pre-emergence, Post-emergence, Others
★ By End-Use: Large Scale Farming, Small Scale Farming, Gardening
★ By Distribution Channel: Direct Sales, Distributors, Online Retailers, Others

Segmentation by Region

The global Pyroxasulfone market has five main regional segments, divided by geographic region. These regions are North America, Europe, Asia Pacific, Middle East-Africa, and Latin America.

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Two Major Market Drivers for the Pyroxasulfone Market

1: Government Support and Subsidies for Adoption of Sustainable Agriculture Practices is Boosting the Pyroxasulfone Market Growth

Governments across major markets are implementing various initiatives and programs to promote adoption of sustainable agricultural practices among farmers. Pyroxasulfone helps control weeds effectively while also reducing impact on the environment. Many governments provide subsidies and other incentives to farmers for using products like pyroxasulfone that are more eco-friendly alternatives to conventional herbicides. This government support is a key driver for the increased uptake of pyroxasulfone in agriculture.

2: Increasing Resistance of Weeds to Common Herbicides is Pushing Farmers to Explore New Weed Control Options like Pyroxasulfone

Overuse and misuse of some common herbicides has led to development of resistance in many tough weed species over time. Farmers are facing challenges in effectively controlling stubborn weeds that have developed tolerance to regular herbicides. Pyroxasulfone works through a novel and distinct mode of action compared to other herbicide classes. Its pre-emergence application helps combat weed resistance issues. Due to its high bioefficacy against resistant weeds, pyroxasulfone is gaining acceptance as an important resistance management tool for sustainable agriculture.

Major Market Restrain for the Pyroxasulfone Market: Stringent Regulatory Norms Pertaining to New Agrochemical Products is Hindering Faster Adoption of Pyroxasulfone

Registration and approval process for new agrochemicals involve rigorous safety testing and demonstration of other key parameters like efficacy, environmental profile etc. through lengthy and expensive clinical trials and procedures mandated by regulatory bodies. While ensuring safety, intricate compliance requirements and time taken for approvals pose a challenge for quick commercialization of even effective solutions like pyroxasulfone. Lengthy regulatory reviews amid rising resistance problems delay the ability of pyroxasulfone to actualize its potential in solving critical pain points faced by farmers.

Major Market Opportunity for the Pyroxasulfone Market: Growing Organic Farming Practices Present an Opportunity for Bio-based or Natural Weed Control Products like Pyroxasulfone

Consumers are increasingly preferring chemicals-free, organic food and pressure is mounting on farmers to reduce agrochemical dependence. The organic farming market has been rising substantially globally in recent times. This burgeoning demand presents a massive opportunity for weed management products derived from natural sources or having bio-based formulations and eco-friendly profiles like pyroxasulfone. Its novel mode of pre-emergence activity and low mammalian toxicity makes pyroxasulfone compatible with organic production systems. Companies may focus on promoting its natural fit and capturing a share in the high-growth organic farming industry.

Major Market Trend in the Pyroxasulfone Market: Advent of Precision Agricultural Technologies is Likely to Boost Site-specific, Optimum Use of Pyroxasulfone

Advancements in technologies like GPS, GIS mapping, soil sensors and variable rate equipment have enabled precision agriculture - an advancement that is gradually being adopted by farmers. Precision tools allow analyzing field variability and applying inputs like pyroxasulfone only where and at rates where it is actually needed, avoiding wastages. This minimizes production costs and raw material usage. It also prevents over-application risks. As digital farming expands through IoT and data analytics, targeted prescribing of pyroxasulfone based on real-time soil and crop insights will see significant upswing - translating to elevated market demand over the long term.

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The report answers a number of crucial questions, including:

✦ Which companies dominate the global Pyroxasulfone market?
✦ What current trends will influence the market over the next few years?
✦ What are the market's opportunities, obstacles, and driving forces?
✦ What predictions for the future can help with strategic decision-making?
✦ What advantages does market research offer businesses?
✦ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
✦ What is the anticipated growth rate for the Pyroxasulfone market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Pyroxasulfone Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.