Pinoxaden Market

Global Pinoxaden Market Size (2024 to 2032)

The global pinoxaden market was valued at USD 860.31 million in 2023 and is anticipated to reach USD 966.99 million in 2024 from USD 2463.50 million by 2032, growing at a CAGR of 12.4% from 2024 to 2032.

The market is showing high growth potential in the mentioned period. It will continue to expand with the recent developments in the Agricultural industry. Pinoxaden is a recently discovered selective herbicide by a Swiss company called Syngenta AG. The importance of providing crops protection from weed has led companies to focus more on research on agrochemicals which is estimated to fuel the pinoxaden market growth.

Pinoxaden is basically used against weeds in many cereal crops. It is very efficient for cereal crops like wheat and barley as it stunts the growth of many weed species covering wild oats, black grass, and canary grass, which are responsible for reducing the yield of these cereal crops. Pinoxaden is usually used along with a supplement such as cloquintocet-mexyl and clodinafop-propargyl.

Market Drivers

Increasing agricultural food production all over the world, rising need for high yield to supply the growing population is expected to drive the pinoxaden market growth. Moreover, growing awareness amongst the farmers about weed prevention measures will continue to augment market growth during the forecast period. The major constraints faced by this market are risks associated with manual usage of these pinoxadens and government regulations in certain areas.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Pinoxaden Market By Crop

• Wheat
• Barley

Wheat crops had almost more than half of the revenue generated by the pinoxaden market as of 2016 and are expected to continue being the leading crop segment during the forecast period.

REGIONAL ANALYSIS

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

Europe was the leading market for pinoxaden as of 2016 and occupied more than half of the global market share. North America held the second-largest position followed by the Asia Pacific which is expected to register the highest CAGR during the forecast period.

KEY MARKET PLAYERS

Syngenta Crop Protection AG, Agchem Access, Sigma Aldrich, Haihang Industry Co. Ltd, Simagchem, Advanced Technology & Co. Ltd, and Hebei Duoke Chemical Technology Co. Ltd. Some of the market players dominate the global pinoxaden market.