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

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

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

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Global Butachlor Market: Snapshot

The global butachlor market has been driven by its extensive use in rice farming in Southeast Asia. However, the dependence of the global butachlor market on the region for a major part of its overall revenue could become an adversity for the market in the coming years. The toxicity of butachlor is weakened by the large amounts of water used in paddy farming, but it is still sufficient to cause problems for the humans as well as animals around the farmlands. The rising awareness in emerging countries such as India regarding the risks of large-scale butachlor usage is responsible for the possible risk to the butachlor market. The use of butachlor in rice has been linked to deaths caused by mid-day meal in rural schools India, while its ecological impact has also been assessed to determine its carcinogenicity.

The loss of arable lands is the key driver likely to propel the demand for butachlor in the coming years. In Asia Pacific, the leading consumer in the global butachlor market, a significant volume of agricultural land has been redirected for commercial or industrial use. The steady urbanization observed in countries such as India, Vietnam, Thailand, Indonesia, and China is likely to ensure the continuation of this trend, aided by the steady growth of the residential construction industry in the region. The rising population of Asia Pacific is also vital for the butachlor market, as it creates the need for more food.

On the other hand, the rising preference for organic farming could become a threat for the global butachlor market in the coming years. Farmers across the world are starting to prefer organic agriculture due to its benefits in terms of the ecological impact of the process. A growing community of consumers is also coming together over the demand for organically grown food.

Butachlor Market: General Outline

Butachlor also known as ‘Machete’ is an organic herbicide that belongs to the acetanilide group of chemicals, and is utilized as a pre-emergent selective herbicide employed against grasses. It is a systemic herbicide that acts as a protein synthesis inhibitor and leads to metabolic dysfunction in the targeted weeds. Butachlor herbicide is primarily absorbed by germinating stem shoots and secondarily by weed roots, growing on the pre-planted arable crop land. 

Butachlor herbicide is mainly used in India on rice crops, as it requires moist soil and considerable amount of water for safe application. Being phytotoxic in nature, it must be used after diluting with water. Butachlor herbicide is applied one or two weeks before seed plantation, during wet seeded conditions, on moist soil, and left for three days in three to four centimeter of water. The water level has to be maintained for five days to a week and drained before seed plantation.  Butachlor herbicide is toxic to aquatic life and has low bio-accumulation potential. It decomposes into toxic gases at high temperatures and exposure may cause pneumonitis on inhalation, and may also trigger nausea, diarrhea and vomiting. 

Butachlor Market: Comprehensive Overview

Butachlor herbicides are primarily used as selective herbicides against grasses, sedges, and some broadleaved weeds. They are extensively used by Indian farmers for mainly rice cultivation and other well irrigated crops. Butachlor herbicide works efficiently to remove weed and is best suited for well irrigated or moist soils. 

The global butachlor market is growing due to escalating food demand for the booming global population and reducing arable land. However, rising general awareness about the harmful effects of herbicides and other toxic agrochemicals, along with stringent environmental regulations, especially in developed countries of North America and Europe is expected to be a limiting factor for the butachlor herbicide market. Due to the opposition of chemicals used in agriculture, farmers are moving to organic farming and development of better and less harmful substitutes. 

Butachlor Market: Geographical Evaluation

The large population base makes Asia Pacific a major consumer of butachlor herbicide. Agricultural economies including China, Indonesia and India are chief consumers of butachlor herbicide for its heavy usage in variety of crops. A rise in disposable income and purchase power parity of China and India is expected to drive demand for food grains, thereby increasing the demand for butachlor herbicide. 

Comparative lenient norms and regulations against chemicals, availability of cheap labor and land, Asia is the preferred region for production facilities for key market players. North America is another leading consumer for butachlor herbicide, especially in well irrigated southern land of Mississippi and Missouri areas of the U.S. In addition, Brazil, South Africa and Central Africa contribute to the major demand for the market. Strict government control norms over potentially harmful agrochemicals and general tendency of farmers towards sustainable organic farming techniques, Europe is projected to witness slower growth in comparison to other regions. 

Butachlor Market: Key Market Players

Some of the butachlor market players are: Shanghai Tenglong Agrochemical Co. Ltd., Monsanto, Shanghai Mingdou Agrochemical Co. Ltd., and Syngenta AG, SinoHarvest Corporation.

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.

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