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 compar...