Skip to main content

Penoxsulam Market to Witness Highest Growth in Asia Pacific as Crop Protection Industry Stirs Up Demand

Transparency Market Research, in its latest report, forecasts that by 2020, the highest demand for penoxsulam will come from the Asia Pacific region - a region where agrarian economies will see increased consumption of the herbicide. In 2013 as well, the Asia Pacific region stood as the foremost demand generator in the global penoxsulam market, creating about 55% of the global demand for the herbicide. 

The report, titled ‘Penoxsulam Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’, states that leading crop producers such as China, Bangladesh, India, Vietnam, Thailand and Indonesia will consume large amounts of penoxsulam. 

According to the website of the Statistics Division of the Food and Agriculture Organization of the United Nations, in 2013, Asia accounted for about 90.6% of the total amount of rice and paddy produced globally. The rice cultivation sector creates the highest demand (85%) for penoxsulam as compared to other types of crops globally. 


The findings of the report state that the Rest of the World (RoW) region comes second only to the market leader - Asia Pacific - in terms of demand. Analysts who created the report expect that the RoW region will report a significant rate of growth as far as the consumption of penoxsulam goes. The report further notes that North America is the smallest market, because the amount of rice grown in the region is insignificant as compared to the market leaders. Thus, the North America penoxsulam market will put up a lackluster performance through the current decade.

Europe, on the other hand, will experience an expansion of the penoxsulam market, but not at a very remarkable rate. Rice is grown in a few European countries that experience temperate climate, but the availability of several other herbicides will likely eat into the market share of penoxsulam in Europe. Some of the other herbicides that compete with penoxsulam are acetochlor, butachlor, and clomazone; but penoxsulam remains the most widely used herbicide for weed control. 

Browse The Full Report at: 

Desirable attributes of penoxsulam-such as its mobility when used in both terrestrial and aqueous environments and its ability to prevent weed growth without harming fauna and animals-will encourage farmers to use this herbicide. This will impel growth in the penoxsulam market over the forecast period of this report.But one aspect that could potentially disrupt the global penoxsulam market is the expiry of Dow AgroSciences LLC’s patent on the herbicide somewhere around 2017.

This will encourage many new entrants in the market, creating an interesting competitive mix over the next year or two. Besides profiling the company that launched penoxsulam in 2005 (Dow AgroSciences LLC), this report also profiles other strong contenders in the penoxsulam market, such as Hangzhou Tianlong Biotechnology Co., Ltd. and Shijiazhuang Xingbai Bioengineering Co., Ltd.The study offers a comprehensive analysis of the market in terms of both revenue and volume, and offers market estimates for the period between 2015 and 2020.

About TMR 
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 analyses 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.
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...
Post a Comment
Read more

Glass Fiber Reinforced Gypsum Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025

Glass Fiber Reinforced Gypsum (GFRG) is a composite application utilizing naturally occurring mineral gypsum combined with reinforcing fibers. It may also contain polymers to increase product strength. The molding process can be either hand lay-up or a chopped strand spray method. Stereotypically, the end product is used for indoor applications with negligible exposure to moisture or other environmental elements. Completed composites are in the form of ornamental or decorative columns, pillars and facades. With the slowdown in world economic growth, the global market has also suffered a certain impact, but still maintained a relatively optimistic growth. In terms of revenue, the Global Glass Fiber Reinforced Gypsum Market was valued at US$ 458.49 Mn in 2016 and is expected to reach US$ 888.35 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. The Global Glass Fiber Reinforced Gypsum Market is boosted by factors such as: ·       ...
3 comments
Read more

Global Arcylamide Market for Applications like Waste & Wastewater Treatment, Pulp & Paper, Printing & Dyeing, Solid Crystalline - Analysis of Top Key Players and Forecast to 2022

This report comprises a comprehensive outline of the current state of the   Global Arcylamide market   and projects its growth and every other central elements across major provincial markets. It presents an immense amount of market information that has been collected with the help of countless number of prime and subordinate research techniques. The statistics of this report has been tapered down using numerous industry based analytical procedures. An in depth synopsis of key market drivers, inclinations, manacles are provided and the study analyzes the way they shake the Global Arcylamide market in an affirmative as well as an adverse way. The topographies which are enclosed in this report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Taking into consideration the given prediction period and specifically studying each and every data annually, a report is been enlisted to ensure the data is well anticipated by clients. Increasing u...
Post a Comment
Read more