by Market Overview:
Pyroxasulfone is a broad-spectrum herbicide that controls a wide range of broadleaf weeds and grasses in cereals and vegetable crops. It offers effective weed control while maintaining crop safety.
Market key trends:
One of the key trends in the pyroxasulfone market is the development of new formulations. Researchers are developing novel formulations that enhance the efficacy of pyroxasulfone against tough weed species. It is being combined with other active ingredients to expand its spectrum of activity. These new formulation developments are expected to drive the demand for pyroxasulfone over the forecast period.
One of the key trends in the pyroxasulfone market is the increasing demand for pre-emergent herbicides for controlling grass weeds in various crops such as cereals, fruits, and vegetables. Pyroxasulfone is a pre-emergent herbicide that works by inhibiting very long-chain fatty acid biosynthesis in weeds, thereby preventing their growth. Its usage reduces manual labor required for removing weeds and increases crop yield.
The global Pyroxasulfone Market Size is estimated to be valued at US$ 276.5 Mn or Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Pyroxasulfone is a broad-spectrum herbicide effective against grass weeds as well as certain broadleaf weeds. It has low toxicity and is safer for the environment with no carcinogenic properties.
Weakness: Pyroxasulfone can cause severe damage to crops if used incorrectly. Its high cost also acts as a restraint for widespread adoption.
Opportunity: Increasing acreage under horticultural crops and demand for residue-free food crops present an opportunity for pyroxasulfone market. Infrastructure projects in developing nations also drive market growth.
Threats: Strict regulations pertaining to the use of herbicides and emergence of herbicide-resistant weeds are key challenges. Development of alternative weed control methods also threatens pyroxasulfone market.
Key Takeaways
The global pyroxasulfone market is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing demand for effective pre-emergent herbicides for weed management. The market size for 2023 is US$ 276.5 Mn.
Regional analysis: Asia Pacific dominates the global pyroxasulfone market and is expected to grow at a high rate during the forecast period. Increasing cultivation of fruits and vegetables in countries such as India and China drives market growth in the region. Countries experiencing higher agricultural output will potentially increase the demand for pyroxasulfone.
Key players operating in the pyroxasulfone market are BASF, Syngenta, Bayer CropScience (formerly Monsanto), DowDuPont (now Corteva), FMC Corporation, ADAMA, Agricultural Solutions. These players are focused on new product launches and expansion strategies to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
