Pinoxaden Market Growth to be Driven by Technological Advancements 2020
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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.
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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.
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.
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Global Pinoxaden Market Outlook 2017-2022 Syngenta
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.
Pinoxaden Market - Research Report
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.
Pinoxaden Market: Wheat Crops to Emerge Leading Consumer of Pinoxaden By 2020
With the presence of a few key players, such as Syngenta AG and Hebei Duoke Chemicals, in the overall landscape, the global pinoxaden market exhibits a highly concentrated structure, finds a research study by Transparency Market Research (TMR). Currently, Syngenta owns the patent for pinoxaden; however, it will expire in 2020, after which, small-scale companies and new entrants may gain momentum in this market. As per TMR’s estimations, the global