Global isoxaflutole market size is expected to reach USD 160 million in 2024 and reach USD 215.13 million by 2029, growing at a CAGR of 6.1% from 2024 to 2029.
Isoxaflutole is a chemical which is used in the agrochemical industry to enhance the growth of plants. The major plants on which this chemical is used are sugarcane and maize. It is also used on food crops such as apple, peach, almond etc.
Isoxaflutole primarily acts as a growth catalyst in the growth of plants like maize, sugarcane, apple and peach. The active component in the compound quickly gets metabolized in the soil and starts acting on the plants. It is considered one of the prominent and efficient sources of biofuel. As a result of the rising prices of oil, the demand for sugarcane is increasing in the market, which indirectly resulted in the growth of this chemical. As a lot of corn is produced in regions like the USA and China, the demand for Isoxaflutole is on the rise.
The Isoxaflutole market is driven by factors such as growing demand for food especially in developing regions, rising investment in research and development, rising soy and corn plantations and rising importance for quality among others. However, the market is constrained by factors like lack of awareness about phytotoxicity of Isoxaflutole.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
6.1% |
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Segments Covered |
By Crops, End Users, and Regions. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
DuPont, CropScience, Santa Cruz Biotechnology Ltd, Wanko Chemical Co. Ltd, Chemos GmbH, and Others. |
Sugarcane is expected to dominate this segment.
The agriculture sector has the largest share in this segment.
North America holds the largest market share in the world which is followed by Asia-Pacific. Asia-Pacific region is also the fastest growing market in the world owing to huge demand for food in developing nations like India and China.
DuPont, CropScience, Santa Cruz Biotechnology Ltd, Wanko Chemical Co. Ltd, Chemos GmbH. Some of the market players that are dominate the global isoxaflutole market.
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