Propanil Market

Global Propanil Market Size (2024 to 2029)

The global propanil market size is expected to reach USD 99.56 billion in 2024 and reach USD 125.86 billion by 2029, growing at a CAGR of 4.8% from 2024 to 2029. 

Propanil is a chemical substance, known for its use as herbicide, particularly on paddy crop. Propanil is a contact herbicide that is usually applied to the plant parts and foliage above the ground.

Propanil also acts as a selective herbicide, which causes no damage to rice but may damage other crops or plants. It is a compound that helps to neutralize and inhibit the growth of unwanted weeds in paddy fields. The main application for propanil is an herbicide, where it competes with chemicals such as thiobencarb, butachlor, and 2,4-D, among others. It is generally applied in the form of an aqueous suspension or spray. Propanil functions by inhibiting the growth of weeds, which decreases the quality of the rice crop. Propanil acts by building up a toxic substance inside the weeds, which eventually terminates the plant.

Market Drivers

The propanil market is a part of the herbicide market and its growth dynamics are connected to the growth of the herbicides market. Herbicides are in high demand in the agriculture sector, as it is essential to save crops from fungal infections, which often stunt and weaken the growth of crops. The application of herbicides to crops ensures higher yield by neutralizing the threat which is posed by the growth of weeds. The primary driver of the herbicide market is the demand for higher food production amidst a growing population. The main crop which accounts for the larger part of propanil use is paddy. Rice crops have experienced high demand growth with a growing population. In order to meet the high demand, farmers across the world have adopted various methods to increase profitability and yield. Higher use of propanil is one of the many measures which is undertaken to improve food yield and quality. However, in some cases, it can destroy paddy. Propanil is toxic in nature, however, the extent of precaution required to prevent environmental toxification is yet to be ascertained. Prolonged dermal exposure leads to irritation of the skin.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Propanil Market By Product

• propanil technical toxicant
• propanil preparation

Global Propanil Market By Application

• paddy
• redroot amaranth
• crabgrass
• barn grass
• other applications

REGIONAL ANALYSIS

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

The Asia Pacific has the leading market for Propanil in the world, which is followed by North America and Europe regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period. China is the largest producer and consumer of propanil in the world by country.

KEY MARKET PLAYERS

SinoHarvest, Bayer CropScience, Kenvos Biotech Co. Ltd, Willwood USA, Westrade Guatemala S.A. some of the market players dominate the global propanil market.