Bensulide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Bensulide is primarily used as a herbicide to control the growth of weed. It is mainly applied to bare soil before crop plantation. It inhibits root development by interrupting mitosis, and thus can control a variety of broadleaf weed species as they germinate. Bensulide works through inhibiting cell division by interfering with the synthesis of protein ‘ropes’ that pull chromosomes apart during cell division. It is applied directly to the soil and has no foliar activity.
Bensulide is commercially available as an emulsifiable concentrate or as granules. Various reports suggest that the U.S. alone uses 632,000 pounds of bensulide per year. The rate of application is relatively high (up to 22.6 kg/ha) when it is used. Developing regions present immense growth opportunities for the development of the market for bensulide, especially those economies which are majorly dependent on agriculture. Players in the market are, therefore, expected to shift their focus towards such economies. Key companies are banking on strategies such as mergers and acquisitions to ensure sustainable growth in the market.
However, risks associated with the use of bensulide are acting as a deterrent to the growth of the market. According to EPA, workers who blend, load, and/or apply the herbicide to golf courses, agricultural sites, and home lawns are at risk. Moreover, there are chronic risks for birds and aquatic species.
The global bensulide market is forecasted to grow at a healthy rate with an increasing number of applications in the agriculture and horticulture sectors. The basic use of bensulide as an herbicide, precisely, as an organophosphate acetylcholinesterase inhibitor, lays a strong foundation for the unremitting growth of the global market. Bensulide also finds usage in professional lawn care, greenhouses, turfs, farmlands, and other commercial applications. With a view to control the growth of broadleaf weeds and grasses, bensulide is subsumed one to two inches inside home grass lawns, agricultural fields, gardens, and golf courses. Besides this, the herbicide can be applied on residential lawns and ornamentals by homeowners.
One of the primary functions of bensulide is inhibiting the growth of undesirable plants such as weeds that cut short the supply of vital nutrients to agricultural crops or horticulture produce. If bensulide is planned to be applied during or before planting time, cultivation is the preferred technique used for incorporation into the soil. Post the planting time, bensulide can be incorporated by watering it in with the help of irrigation systems.
Interestingly, the United States Environmental Protection Agency (EPA) has classified bensulide as a general purpose pesticide. Prior to planting crops, bensulide can be applied to bare soil. It is also commonly used for cole, garlic, legume, cucurbit, and leafy vegetable crops.
The global bensulide market is gaining massive strength with the rise in farming activities and the vital role of bensulide in farming. The primary growth driver of the global market is the advancing agricultural sector. The market is also expected to ride on the need for the application of agrochemicals on farmlands. With a rising number of population globally, it has become inevitable to cater to the augmenting food requirement, which calls for more farming activities and eventually more use of bensulide.
Bensulide curtails the dependence on the overtaxing tiling activity with its swift functionality on the field. Farmers can ensure a quicker turnaround time for their crops by using bensulide. Removal of harmful weeds is also quicker and easier without the need to employ much labor by using the herbicide.
Howbeit, in the future, the global bensulide market may slightly downslide, owing to the risk of toxicity to fish and other aquatic species with the use of the herbicide. Nonetheless, the market is foretold to expand significantly, not many years from now, on account of the need for faster crop production and the thriving agricultural industry.
The price of bensulide has elevated since a few years in the past due to the lack of intermediate chemical provisions for the production of bensulide, especially in China. Moreover, the Chinese manufacturers are finding it challenging to produce bensulide while complying with the regulatory demands. This has reduced the bensulide supply in China. However, countries such as the U.S. and Australia have a demand for bensulide at a substantial level.
With a gamut of manufacturers spread across different geographies, the global bensulide market is anticipated to be a fragmented one. Some of the important players prevailing in the global market are Chongqing Shurong Chemical Co., Ltd., BASF, Shandong Qiaochang Chemical Co., Ltd., Jiangsu Fengshan Group Co., Ltd., and Shenzhen Sunrising Industry Co., Ltd.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report