Global Pinoxaden Market
was valued US$ 680.96 Mn. in 2019 and is expected to grow at CAGR of 12.4 %, to reach US$ 1227.67 Mn. during the forecast period of 2020 to 2027.
Pinoxaden is a highly selective synthetic chemical compound belonging to the family of phenylpyrazolin, which is used as an herbicide in crops to control monocotyledonous unwanted plants such as rye-grass, wild oats, and black grass in wheat and barley.The global Pinoxaden Market was valued US$ X.6 Mn and is expected to reach 1227.67 Mn by 2027, at a CAGR of 12.2% during the forecast period. Regionally, Europe is expected to dominate the market, approximately 30-35% of market share. The report has covered the cost analysis of pinoxaden by region and also come up with cost- price – and profit margin analysis for global players.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The market study offers a comprehensive analysis of the business models, key influencing factors, market strategies, statistical analysis, Trends and respective market shares of some of the most prominent players in this landscape
High potential and rising awareness among farmers against weed control measures as it inhibits the growth is likely to drive the Pinoxaden market over the forecast period. The mounting requirement for high yield of crops to meet the demands of the rising population is projected to fuel the market growth. Moreover, large investment by emerging companies in agrochemicals field for R&D activities with a mounting trend for the usage of herbicides as a modern agricultural practice has expected to create lucrative opportunities for pinoxaden demand.
However, the main factor restricting the growth are stringent regulation, high cost of pinoxaden, and risk associated with the usage as lack of knowledge among farmers is likely to retain the growth of this market.
Global Pinoxaden Market Segmentation:
The report covers the brief analytical segments of the Global Pinoxaden Market thereby providing a wider view at the macro as well as micro levels.
Based on Application, Agricultural sector is forecasted to have the highest growth for Pinoxaden contributing 45% of total revenue in 2019, growing at a CAGR of XX % during the forecast 2020 to 2027. The growth is attributed due to growing need and increasing recognition in agricultural yield of wheat and barley as to rising population globally, the rising trend of herbicide resistance crops amongst farmer is boosting the need for improving herbicide and progressing the growth of the pinoxaden market.
Based on Crop, Wheat Production is estimated to have the largest market with 80% market share presently growing at CARG of XX% in the upcoming forecast. Wheat is the first & foremost food crop consumed by 2.5 Bn people in 89 different countries. Annually, every year about US$ 50 Bn of wheat is traded globally. Moreover, Rapid urbanization, increasing population and rising income impeded the sustainable growth of herbicide-resistant weed populations, thereby driving the growth of Pinoxaden globally.
Global Pinoxaden Market, Regional analysis
In terms of region, Europe is dominated as the largest market valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during the forecast period. Developing industries like Pharmaceuticals, Agrochemicals, Plasticizer, Pesticides and others are majorly contributing the market growth in this region. Furthermore, emerging countries such as France, Germany, and Russia with an overall share of 65% are playing a major role in the production, thus witnessed to registered as the largest producer of wheat and barley regionally.
North America also emerged as the second-largest market with a market share of XX % over the forecast period by 2027 mainly driven by Canada, U.S. and Brazil growing because of well-established infrastructure and increasing population are propelling the growth.
The Asia Pacific is predicted to be the fastest-growing market owing to the rising population with growing awareness among farmers in regards to the adoption of scientific crop protection methods.
Global Pinoxaden Market is extremely uneven and the market vendors use various strategies such ascollaborations, expansions, acquisitions, and launch of new products, joint ventures, acquisitions, and others to upturn their ways in this market.
The objective of the report is to present a comprehensive analysis of the Pinoxaden Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Pinoxaden Market dynamics, structure by analyzing the market segments and projects the Global Pinoxaden Market size. Clear representation of competitive analysis of key players By Crop, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Pinoxaden Market make the report investor’s guide
For more information visit@ https://www.maximizemarketresearch.com/market-report/global-pinoxaden-market/55640/
Scope of the Pinoxaden Market:
Global Pinoxaden Market, By Type
• Purity 95%
• Purity 96%
• Purity 97%
Global Pinoxaden Market, By Crop
Global Pinoxaden Market, By Applications
• Agricultural Use
• Industrial Use
Global Pinoxaden Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
Global Pinoxaden Market, By key Players
• Boc Sciences
• PI Chemicals
• Chemieliva Pharmaceutical
• Amadis Chemical
• Aurora Fine Chemicals
• Agchem Access
• Syngenta Crop Protection AG
• Haihang Industry Co. Ltd.
• Advanced Technology & Co. Ltd.
• Hebei Duoke Chemical Technology Co. Ltd.
• Zhongcheng Chemical
• Jinhe Group
• Jiacheng Chemical
• Shuangqiao Chemical
• Jingrui Chemical
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