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| Pyroxasulfone Market |
Pyroxasulfone is a herbicide used to control weeds in crops such as cereals, pulses and oilseeds. It is effective in controlling both grass and broadleaf weeds. It has the advantages of being cost-effective and providing long-lasting pre-emergent weed control. With the increasing awareness about the need for efficient weed management to boost crop yields, the demand for pyroxasulfone is rising. The global Pyroxasulfone Market is estimated to be valued at US$ 200 million in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The growing adoption of precision farming techniques among
farmers is driving the growth of the pyroxasulfone market. Precision farming
involves the use of technologies like GPS, GIS, sensors and software to
precisely analyze field variability and optimize crop inputs. Since
pyroxasulfone is a selective herbicide used for controlling weeds in specific
crops, it fits well in precision farming practices. Using precision application
technologies, farmers can precisely apply pyroxasulfone only in weed infested
areas, avoiding wastage and maximizing crop yields. This trend of increasing
precision in agricultural operations is expected to boost the demand for
pyroxasulfone over the forecast period.
Segment
Analysis
The global pyroxasulfone market is dominated by the grain & cereals
sub-segment. Pyroxasulfone is majorly used as a pre-emergent herbicide for
controlling grassy and broadleaf weeds in grains like wheat and barley. It
provides effective and long-lasting control against troublesome weeds like rig
ryegrass, annual bluegrass, Italian ryegrass, and henbit. Its low application
rate and wide window of weed control have further increased its adoption in the
grain & cereals segment.
Key Takeaways
The global Pyroxasulfone
Market Growth is expected to witness high growth in the forecast period
owing to the increasing demand for herbicides from the agriculture industry.
Regional analysis: North America currently accounts for the largest share in
the global pyroxasulfone market due to severe weed infestation issues in major
crop fields. The United States dominates the North America regional market.
Growing adoption of advanced agrochemicals and the presence of leading
pyroxasulfone manufacturers in the region are other key factors boosting the
North America pyroxasulfone market.
Key players: Key players operating in the pyroxasulfone market are Kumiai
Chemical Industry Co. Ltd., BASF SE, Corteva Agriscience, and HELM AG. Kumiai
Chemical Industry is the leading producer and supplier of pyroxasulfone
globally. The company has a strong foothold in major agricultural markets
through its vast distribution network.
For more insights, read- https://www.ukwebwire.com/pyroxasulfone-market-trends-size-and-share-analysis/
For more details on the
report, Read- https://cmiinfopiece.blogspot.com/2024/01/the-global-immunology-market-growth.html
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