Asia Pacific Propanil Market

Asia Pacific Propanil Market Size, Growth, Trends and Forecast:

Asia Pacific Propanil Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. 

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 which helps to neutralize and inhibit the growth of unwanted weed in paddy fields. The main application for propanil is as 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 rice crop. Propanil acts by building up a toxic substance inside the weeds, which eventually terminates the plant.

Asia Pacific Propanil Market Drivers:

Propanil market is a part of herbicide market and its growth dynamics are connected to the growth of 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. Application of herbicides of crops ensures higher yield by neutralizing the threat which is posed by growth of weeds. The primary driver of the herbicide market is the demand for higher food production amidst growing Asia Pacific population. The main crop which accounts for the larger part of propanil use is paddy.

Rice crop has experienced high demand growth with 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 on skin.

The Asia Pacific Propanil Market is segmented and sub-segmented into following categories:

Asia Pacific Propanil Market - By Product:

• propanil technical toxicant

• propanil preparation

Asia Pacific Propanil Market - By Application:

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

Paddy is expected to have the largest share in this segment. 

Regional Analysis:

The Asia Pacific Propanil market is divided based on geography into India, China, Japan, Australia, Thailand and other parts of the region. Asia Pacific has the largest market for propanil in the world by share and is also the fastest growing region in the world. In the Asia Pacific region, China has the largest share while India has the second largest market. Factors such as rising demand in agricultural sector and growing population is expected to drive the market growth in the region.

Key Players:

• SinoHarvest
• Bayer CropScience
• Kenvos Biotech Co. Ltd
• Willwood USA
• Westrade Guatemala S.A