Bensulide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Bensulide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Status : August, 2020 | Chemical & Materials | PPT format

Report Digest

Global Bensulide Market: Snapshot

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.

Global Bensulide Market: Overview

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.

Global Bensulide Market: Drivers

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.

Global Bensulide Market: Geography and Competition

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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.