市場調查報告書
商品編碼
1448045
五氟磺草胺市場 - 2023-2030Penoxsulam Market - 2023-2030 |
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概述
2022年,全球五氟磺草胺市場達到3.2051億美元,預計2030年將達到4.4543億美元,2023-2030年預測期間CAGR為4.2%。
多年來,全球五氟磺草胺市場經歷了顯著的成長和轉變,農民對五氟磺草胺的需求不斷增加,因為它透過阻止植物產生乙醯乳酸合成酶(ALS)提供了獨特的作用模式,對於植物的生長至關重要雜草,有助於有效控制雜草。因此,這些因素有助於推動全球五氟磺草胺市場。
此外,許多製造公司正在生產高品質的創新產品以擴大市場。例如,Corteva Agriscience 生產了 Assert,其中含有 Penoxsulam 2.5% OD。它是一種內吸性廣譜水稻芽後除草劑,可防除稗草屬、莎草和鍵盤葉雜草。此類產品有助於促進市場成長。
水稻作物佔了一半以上的市場。同樣,亞太地區主導五氟磺草胺市場,佔據最大市場佔有率,超過 1/3。該地區擁有廣闊的農業用地,稻米產量增加。印度仍是五氟磺草胺的最大消費國,2022-23 年稻米產量為 1.36 億噸,比前一年增加 5%。
動力學
對農作物高產量和高品質的需求增加
對高作物生產力和高品質的需求的增加顯著增加了五氟磺草胺的市場,因為它可以阻止雜草生長所必需的乙醯乳酸合成酶(ALS)的產生。它有助於保持作物的品質並透過防止雜草腐敗來提高作物生產力。這些因素有助於擴大市場。
此外,許多主要參與者正在生產高品質的創新產品,以吸引更大的消費群。例如,Nova Agri 集團生產了 Nova Penola(Penoxsulam 1.02% + Cyhalofop Butyl 5.1% OD)。它用作芽後除草劑。它能有效防除一年生和多年生禾本科雜草、莎草和闊葉雜草。此類產品有助於提高採用率。
雜草控制需求增加
農民正在採用有效的雜草控制方法,如五氟磺草胺除草劑,因為它們可以在芽後施用,可以有效殺死水稻作物中的雜草,這有助於減少作物產量損失和除草劑和農藥的過度使用。因此,這些因素有助於提高採用率。
此外,許多製造公司正在生產各種產品,以擴大其市場和產品組合。例如,奇科作物科學有限公司生產了速效氰氟草酯15%+五氟磺草胺3% 18% OD除草劑。它是合成抑制劑,抑制乙醯乳酸合成酶(ALS)的活性,是一種選擇性的芽前和芽後內吸除草劑。此類產品有助於促進市場成長。
抵抗力發展
雜草抗性的發展確實是抑制全球五氟磺草胺市場的重要因素。當雜草對五氟磺草胺產生抗藥性時,除草劑控制這些雜草的效果就會減弱。這也導致農作物過度使用除草劑的增加,從而在農作物中留下殘留物,對人類健康造成不利影響,因此,它可能會阻礙市場成長。
此外,抗性的發展可能導致作物損失增加,最終影響全球五氟磺草胺市場的成長。根據政府支持的一項研究,到 2022 年,印度在收穫和消費之間損失了約 5-13% 的水果和蔬菜,以及 3-7% 的其他作物,包括油籽和香料。
Overview
Global Penoxsulam Market reached US$ 320.51 million in 2022 and is expected to reach US$ 445.43 million by 2030, growing with a CAGR of 4.2% during the forecast period 2023-2030.
The global penoxsulam market has witnessed significant growth and transformations over the years, the demand for penoxsulam is increasing among farmers as it provides a unique mode of action by preventing plants from producing an enzyme acetolactate synthase (ALS), it is essential for the growth of weeds, and helps in effective control of weeds. Hence, such factors can help in driving the global penoxsulam market.
Furthermore, many manufacturing companies are producing high-quality innovative products in order to increase their market. For instance, Corteva Agriscience has produced Assert, which contains Penoxsulam 2.5% OD. It is a systemic broad spectrum, post-emergence rice herbicide and controls Echinochloa spp., sedges and keyboard leaf weeds. Such products can help in increasing the market growth.
The rice crop segment accounts for over half of the market share. Similarly, the Asia-Pacific dominates the penoxsulam market, capturing the largest market share of over 1/3rd. The region has vast agricultural land and increased rice production. India remains the largest consumer of penoxsulam as the rice production is 136 million tons in 2022-23 which is an increased 5% from pervious year.
Dynamics
Increase in Demand for High Crop Productivity and Quality
The increase in demand for high crop productivity and quality is significantly increasing the market for penoxsulam as it prevents the production of acetolactate synthase (ALS) which is necessary for weed growth. It helps in maintaining the quality of crops and increases crop productivity by preventing weed spoilages. Such factors can help in increasing the market.
Furthermore, many key players are producing high-quality innovative products in order to attract larger consumer bases. For instance, Nova Agri groups have produced Nova Penola (Penoxsulam 1.02% + Cyhalofop Butyl 5.1% OD). It is used as a post-emergence herbicide. It effectively controls annual and perennial grasses, sedges & broad-leaved weeds. Such products can help in increasing the adoption rate.
Increase in Demand for Weed Control
Farmers are adopting effective weed control methods like penoxsulam herbicides as they can be applied as post-emergent which can effectively kill the weeds in rice crops, This can help in reducing the crop yield losses and over usage of herbicides and pesticides for weed treatments. Hence, such factors can help in increasing the adoption rate.
Furthermore, many manufacturing companies are producing a wide range of products in order to expand their market and portfolios. For instance, Chico Crop Science Co., Ltd, has produced Cutting cyhalofop-butyl 15%+penoxsulam 3% 18% OD herbicide. It is synthesis inhibitor that inhibits the activity of acetolactate synthase (ALS) and is a selective systemic pre-emergence and post-emergence herbicide. Such products can help in increasing the market growth.
Resistance Development
The development of weed resistance is indeed a significant factor that can restrain the global penoxsulam market. When weeds develop resistance to penoxsulam, the herbicide becomes less effective at controlling those weed species. This also leads to an increase in the overuse of herbicides on crops which leaves residues in crops that can cause adverse health effects in humans, hence, it can hamper the market growth.
Furthermore, the resistance development can cause an increase in crop loss which can ultimately affect the growth of the global penoxsulam market. According to a study backed by the government, in 2022 India lost about 5-13% of its fruits and vegetables and 3-7% of other crops including oil seeds and spices between harvesting and consumption.
The global penoxsulam market is segmented based on formulation, crop, distribution channel, end-user, application and region.
Increase in Demand for Effective Weed Treatments
The rice crop segment holds the maximum share in the global penoxsulam market. The farmers are highly adopting these herbicides as they help in controlling a wide range of grassy and broadleaf and sedge weeds in rice fields. They also help in increasing crop productivity and quality which helps in driving the market in the agriculture sector.
Furthermore, many manufacturing companies are producing high-quality products to increase their market. For instance, Crystal crop protection Ltd. has produced Penoxa, it is a penoxsulam 21.7%SC, it is a post-emergence broad-spectrum herbicide. Which is an excellent foliar application efficacy against grasses, sedges and broad-leaved weeds of transplanted rice crops. Such products can help in increasing the adoption rate.
Increase in Rice Production and Presence of Vast Agricultural Land in Asia-Pacific
Asia-Pacific has been a dominant force in the global Penoxsulam market and its significance has only grown in the post-2020 era. Asia-Pacific has long been a powerhouse in the global Penoxsulam industry and this trend has continued well beyond 2020. As the world's most populous region with a rapidly expanding urban population, Asia-Pacific's demand for Penoxsulam is driven by infrastructure development, urbanization, and construction projects.
Furthermore, the demand for penoxsulam is increasing among rice crop farmers as it effectively kills the broad range of grassy weeds, and helps in increasing productivity. For instance, according to the U.S. Department of Agriculture report of 2023, in India the rice production was 136 million tons in 2022-23 which increased 5% from 2021-22 the production is 129 million tons. Hence, an increase in rice production helps in increasing the penoxsulum market.
Additionally, the presence of vast agricultural lands can help in increasing the usage of penoxsulum herbicides as they effectively eradicate weeds. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, Australia has 55% of agricultural lands which are about 427 million hectares, hence, such vast lands can help in increasing the adoption rate.
The major global players in the market include Crystal Crop Protection Ltd., Nova Agri Group, Corteva Agriscience, Chico Crop Science Co., Ltd., BASF SE, Syngenta, Sumitomo Chemical Co., Ltd., Kingtai Chemicals Co., Ltd, Toronto Research Chemicals and Zhejiang Rayfull Chemicals Co., Ltd.
The pandemic has brought a disruption in the supply chain, as many manufacturing companies are shut down due to government lockdown restrictions it caused the limitation of products in the market which has reduced the demand for penoxsulam, This has shown a negative impact on the global penoxsulam market.
Furthermore, during Covid-19 many people have started indoor farming practices as the health consciousness has increased among consumers, this can lead to an increase in the adoption of herbicides such as penoxsulam as they provide effective weed management. Hence, it can lead to increasing market growth.
The ongoing conflict between Russia and Ukraine has brought a disruption to the country's economy. Many manufacturing companies are shut down due to low employment rates, and low import and export rates, This caused a decrease in the availability of products in the markets which has shown a negative impact on the global penoxsulam market.
Furthermore, the war has brought disruption in agricultural practices as many agricultural lands are affected due to pollution caused by the war this has led to a decrease in the usage of penoxsulum herbicides, moreover people started investing more on essential needs due to less income this has led to decrease in penoxsulam market.
The global penoxsulam market report would provide approximately 77 tables, 82 figures and 186 Pages.
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