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Global Penoxsulam Market

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Global Penoxsulam Market was worth USD 325.34 million in 2018 and estimated to be growing at a CAGR of 5.10%, to reach USD 417.21 million by 2023. Penoxsulam is a chemical compound having the chemical formula C16H14F5N5O5S with molecular mass of 483
Raising demand for rice put forth the need for Penoxsulam market
Global Penoxsulam Market was worth USD 325.34 million in 2018 and estimated to be growing at a
CAGR of 5.10%, to reach USD 417.21 million by 2023. Penoxsulam is a critical part of sulfonamide-based
herbicides. The global Penoxsulam market has taken up a huge position within the international
herbicide market in recent years due to its growing call for rice plantations.
Penoxsulam is a systemic pesticide and is noticeably powerful in opposition to diverse weeds, such as
grass weeds and broadleaf weeds. This makes Penoxsulam ideal for use in residential plantations as well
as commercial sports complexes and farms.
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Penoxsulam precise mechanism to kill pests and weed while not having an effect on human or animal
lives has been a major contributing element for its growing call. This trend coupled with favorable
environmental regulations is predicted to have a tremendous effect in the marketplace over the
following six years.
Increasing meals manufacturing due to developing populace has pushed the call for vegetation which
includes rice, wheat and maize that's similarly predicted to have an advantageous impact on
penoxsulam’s call for mainly in agriculture and herbicide industries. Moreover, its superior chemical
houses and overall performance over different traditional herbicides is predicted to undoubtedly affect
the marketplace. Availability of substitute merchandise and fluctuating expenses resulting from unstable
charges of key feedstock is expected to pose demanding situations to market members in phrases of
demand and profitability.
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The Asia Pacific occupies more than half of the global penoxsulam market. Rice is a staple diet
throughout many countries in the Asia Pacific together with China, India, Japan, Malaysia, Indonesia,
Australia and New Zealand. China and India are foremost rice producers in the place and account for
more than half of the regional Penoxsulam demand. Growing importance for high yield in rice cultivation
resulting from increasing demand for meals is anticipated to force Penoxsulam market within the
vicinity.
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This market is extremely disjointed with numerous big and developing players operating in the business.
The major companies dominating the global Penoxsulam market are Dow Chemical Co., Bayer
CropScience AG, Syngenta International AG, Chemtura Corp., Monsanto Co., Nufarm Ltd., Shijiazhuang
Xingbai Bioengineering Co. and BASF SE.
The scope of the report provides:
•
The evaluation of the current market for your product or services and the future implications of
the market
•
Addresses the opportunities by better understanding the market through size estimates and
growth rate analysis to forecast the market for the future
•
Extensive segmentation to understand the dynamics of market at a very granular level by
splitting down the market to the smallest segment
•
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim
of providing insights for gaining market share
•
The factors responsible for the shaping of the industry as it is as a result of competitive
environment is analyzed through Porter’s Five Forces
•
The effects of political, economic, social, technological, legal and environmental factors on the
industry is analyzed through PESTLE analysis to better understand the aspects of strategic
management required to comply with the exogenous and endogenous factors
•
Strategic evaluation of the key players to gain insights of their performance allowing access to
their product portfolio, financial performance and the strengths of their business strategic
developments
•
Comparative study of the firms across the industry measuring their performances based on
market share and recent activities in order to achieve competitive intelligence
•
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a
customized study and will aid to meet your research requirement to the fullest.
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Author
Bhargav
Bhargav410   documents Email
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Business and Leadership
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penoxsulam, Penoxsulam Market
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