Asia Pacific penoxsulam market was valued at USD 211.92 million in 2024 and is anticipated to reach USD 224.21 million in 2025 from USD 352 million by 2033, growing at a CAGR of 5.80% from 2025 to 2033. Penoxsulam is a chemical compound having the chemical formula C16H14F5N5O5S with a molecular mass of 483.37 g/mol. It is used in agricultural fields as a rice herbicide.
It can be used in both terrestrial and aqueous environments, and it has an excellent ability to protect crops against weeds without harming any fauna. These are the factors that encourage farmers to use this herbicide. Penoxsulam is highly effective against various types of weeds.
The high efficiency of penoxsulam compared to other kinds of pesticides, the rising demand for rice because it is the staple food, and the increasing demand for well-maintained lawns in commercial and residential buildings are some of the factors driving this market. Besides these, the increasing number of golf courts and sports grounds is also driving this market substantially.
The Asia-Pacific demand for food is increasing because of the increasing population. Being a staple food, the demand for rice has increased the most, which has led to the increased demand for penoxsulam pesticides. As a result, rice fields have emerged as the leading segment for the demand of penoxsulam herbicide,e accounting for almost 85% of the Asia-Pacific market.
The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. In 2016, Asia-Pacific had the biggest Penoxsulam market, accounting for almost 55% of Asia-Pacific's market share. India and China alone in Asia-Pacific account for more than 50% of the share of the Asia-Pacific market. Asia-Pacific also has the fastest growing rate in this market because of the fact that the livelihood of a major population of the two biggest democracies in this region, viz. India and China depend on farming.
This market is extremely disjointed, with numerous big and developing players operating in the business. The major companies dominating the Asia-Pacific 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.
This research report on the Asia Pacific penoxsulam markets is segmented and sub-segmented into the following categories.
By Crop Type
By Country
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