The global propanil market was valued at USD 95.01 billion in 2023 and is anticipated to reach USD 99.56 billion in 2024 from USD 144.88 billion by 2032, growing at a CAGR of 4.8% from 2024 to 2032.
Propanil is a chemical substance known for its use as an herbicide, particularly on paddy crops. 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.
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 METRIC |
DETAILS |
|
Market Size Available |
2023 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2032 |
|
CAGR |
4.8% |
|
Segments Covered |
By Product, Application and Region. |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
SinoHarvest, Bayer CropScience, Kenvos Biotech Co. Ltd, Willwood USA, Westrade Guatemala S.A and Others. |
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.
SinoHarvest, Bayer CropScience, Kenvos Biotech Co. Ltd, Willwood USA, Westrade Guatemala S.A. some of the market players dominate the global propanil market.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region