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Pinoxaden Market Size, Share | Industry Trends Analysis Report, 2020

Pinoxaden Market Size, Share | Industry Trends Analysis Report,

Transparency Market Research has published a new market report titled “Pinoxaden Market for Wheat and Barley - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” which observes that the global pinoxaden market demand was valued at US$ 385.4 million in 2013 and is expected to reach US$ 862.2 million by 2020, expanding at a CAGR of 12.3% between 2014 and 2020.

This 30 page report gives readers a comprehensive overview of the Pinoxaden market. Browse through 10 data tables and 06 figures to unlock the hidden opportunities in this market@
http://www.transparencymarketresearch.com/pinoxaden-market.html

Pinoxaden belongs to the phenlypyrazolin chemistry and developed for global cereals such as wheat and barley against wide range of unwanted grasses. It is used against grasses such as Apera (bentgrass), Lolium (ryegrass), Alopecurus (blackgrass), Avena (wild oats), Phalaris (canary grass), Poa (meadowgrass) and Setaria (foxtails). Spring and winter wheat and barley are the major target crops across the globe. Pinoxaden is a grass-weed herbicide, which inhibits the synthesis of membrane lipids, resulting in desiccation of target grass. Pinoxaden is primarily used along with safener such as cloquintocet-mexyl and clodinafop-propargyl.

Higher demand for wheat and barley due to increasing applications of these cereals in the food industry and losses of wheat and barley due to weeds is likely to boost the global pinoxaden market. However, high price of pinoxaden is estimated to hamper the market growth. After the expiry of the patent, a large number of new entrants are anticipated to enter the pinoxaden market. This would result in an increase in competition and reduction in prices of the product.

In terms of volume, Europe dominated the global pinoxaden market and accounted for over 45% of the global pinoxaden market in 2013. Europe accounts for more than half of the global production of barley. North America emerged as the second largest consumer of pinoxaden in terms of volume and revenue in 2013. Asia Pacific is expected to be the fastest growing region between 2014 and 2020. Rest of the World accounted for smaller share in 2013.

Get accurate market forecast and analysis on the Pinoxaden market. Request a sample to stay abreast on the key trends impacting this market@
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Wheat crop constituted more than 80% of the global demand for pinoxaden in 2013. Market share of the wheat crop is further expected to increase by 2020. Increasing herbicide resistance for existing active ingredients such as glyphosate is anticipated to drive pinoxaden market. The demand for pinoxaden for barley crop is expected to show double-digit growth rate over the forecast period. Demand for high-quality barley by brewers is projected to boost the pinoxaden market in the near future.
Currently, Syngenta AG holds the patent for pinoxaden; however, the patent is likely to expire in 2020. Pinoxaden was first launched under the AXIAL brand.

This report segments the global pinoxaden market as follows:

Pinoxaden Market – Crop Segment Analysis
Wheat
Barley

Pinoxaden Market – Regional Analysis
North America
Europe
Asia Pacific
Rest of the World

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Pinoxaden is a highly selective systemic herbicide used to control monocotyledonous grass weeds in crops such as wild oats, rye-grass and black grass in winter and spring wheat and winter and spring barley. Pinoxaden is a synthetic compound, belonging to the phenylpyrazolin group of chemicals. It is a post-emergance systemic herbicide specifically for grass species. It is applied as a foliar spray and is absorbed and translocated throughout the plant.
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Pinoxaden, a white fine powder belonging to the phenylpyrazole class of chemicals, was developed by Syngenta Crop Protection AG in 2005. Herbicide prevents the growth of weeds through a mechanism that does not harm crop or environment. Hence, farmers prefer pinoxaden over other chemical herbicides that adversely affect the environment. Pinoxaden is a grass-weed herbicide, which inhibits the synthesis of membrane lipids. This results in desiccation of the target grass.