Middle East And Africa Penoxsulam Market

Middle East and Africa Penoxsulam Market Size (2024 to 2029):

The Middle East and Africa penoxsulam market size is expected to reach USD 21.39 million in 2024 and reach USD 24.93 million by 2029, growing at a CAGR of 3.108% from 2024 to 2029.

It is a chemical compound having molecular mass of 483.37 g/mol and the chemical formula C16H14F5N5O5S. It is used in agricultural fields and in aquacultures.

Penoxsulam can be used in both terrestrial and aqueous environments depending upon the where it is to be used and it has an excellent ability of protecting the crops against weed without harming any fauna. These factors make the modern farmers to opt for Penoxsulam. Penoxsulam is highly effective against various types of weeds, be it the grass or broad-leafed plants.

The high efficiency of Penoxsulam compared to other kinds of pesticides, rising demand for rice and other crops around the world, most of the patent firms based in this region, and increasing demand for well-maintained lawns in commercial and residential buildings are some of the factors driving this market. Because the market is small here, opportunities for new upcoming companies in this region are high. Besides these, the increasing number of golf courts and sports grounds is also driving this market substantially. High tension in this region because of wars, terrorism and dictatorship in many countries is challenging this market.

This research report on the Middle East and Africa penoxsulam market is segmented and sub-segmented into the following categories:

Middle East and Africa Penoxsulam Market – By Crop Type:

• Rice
• Aquatics
• other type of crops

Rice fields have emerged as the leading segment for the demand for Penoxsulam herbicide.

Middle East and Africa Penoxsulam Market – By Country:

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

The Middle East & Africa penoxsulam market has also been geographically analyzed under the Middle East & Africa. The market in this region is small, but opportunities are high because of the smaller number of competitors compared to other regions.

KEY MARKET PLAYERS:

This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the Middle East & Africa Penoxsulam market are Dow Chemical Co., Bayer CropScience AG, Syngenta International AG, Chemtura Corp., Monsanto Co., Nufarm Ltd., Shijiazhuang Xingbai Bioengineering Co. and BASF SE.