Penoxsulam is an essential part of sulfonamide-based herbicides. The global penoxsulam market has taken up a significant role in the global herbicide market in recent years due to its rising demand in rice plantations. Penoxsulam is a systemic pesticide and is highly effective against various weeds, including grass weeds and broadleaf weeds. This makes penoxsulam-based pesticides perfect for use in residential plantations as well as commercial sports complexes and farms.
The prime driver for the global penoxsulam market is the rising demand for rice across the world. Being a staple food almost across the world, the global rice market has benefited from the steady rise in urban population in recent years and is thus likely to remain a key driver for the global penoxsulam market in the coming years. The increasing demand for well-maintained lawns in residential and commercial buildings is also likely to remain a major driver for the global penoxsulam market in the coming years. The rising number of sports stadiums and the increasing expenditure on their maintenance is also likely to benefit the global penoxsulam market.
Asia Pacific is likely to be a major mover in the global penoxsulam market in the coming years. Countries in Southeast Asia, such as India, Bangladesh, Indonesia, China, Thailand, and Vietnam are leading producers of rice, leading to a steady rise in the demand for penoxsulam. China and India collectively account for around 50% of the demand for penoxsulam in Asia Pacific and are likely to remain important regional markets for penoxsulam due to the steady growth of their agriculture sector.
Penoxsulam is one of the active ingredients present in a sulfonamide-based herbicide produced by Dow AgroSciences, a subsidiary of The Dow Chemical Company. The herbicide containing penoxsulam is sold under a variety of brand names, including SC Granite and Granite and is used on rice crops in the United States. In addition, penoxsulam is sold under a variety of brand names in other countries, such as Viper in Europe, Ricer in Brazil and Argentina, Fencer in China, Rainbow in Egypt and Clipper in Vietnam and Indonesia. Penoxsulam is an off-white solid having a musty odor. It is soluble in water and acetonitrile. The herbicide was initially introduced for rice fields and is capable of destroying a wide range of pest weeds and grasses that are found in wet environments.
Penoxsulam is primarily a systematic herbicide that disrupts the growth of weeds internally, thus killing them in the process. It is employed to control the growth of broadleaf, grass weeds, and sedge in transplanted water seeded and dry seeded rice. Moreover, penoxsulam is also effective against a wide range of broadleaf weeds in turfs including sports fields, golf courses, sod farms, and residential and commercial lawns. It is also a registered herbicide employed for aquatic weed control in the U.S. It is distributed by the company SePRO under the brand name Galleon.
The key driver of the global penoxsulam market currently, is its use as an herbicide. It is employed by farmers globally to prevent the growth of weeds among a wide range of crops including rice, wheat, and corn. In addition, the demand for penoxsulam is expected to increase over the coming years due to the growing number of turfs and lawns globally. The growing number of residential and commercial lawns is expected to boost the global penoxsulam market over the next few years. Moreover, the growing number of sports grounds and golf courses – especially in the U.S. – is expected to drive the global penoxsulam market during the forecast period.
The key regions included under the global penoxsulam market are North America, Europe, Asia Pacific and the rest of the world. The demand for penoxsulam has been exceptionally high in North America, owing to the growth of its farming activities. The region is facing a high pressure to increase yield while facing a reducing overall area to farm in.
Asia Pacific follows North America in terms of the overall demand volume for penoxsulam. The swiftly growing agricultural sector in Asia Pacific – especially in emerging countries such as India – is likely to boost the global players in the penoxsulam market over the given forecast period. In addition, the growth in the construction activity and the increasing number of turfs in India, China, and Indonesia is anticipated to drive the demand for penoxsulam in the coming years.
The key companies of the global penoxsulam market that have dominated in various segments and regions so far, include The Dow Chemical Company, Bayer CropScience AG, BASF SE, Syngenta International AG, Nufarm Ltd., Monsanto Co., Chemtura Corp, and Nufarm Ltd.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
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