The Butachlor Market is expected to increase more during the forecast period of 2021 to 2026, projecting to have a compound annual growth rate of 5% over this timeframe.
Butachlor is a kind of organic herbicide that belongs to the group of acetanilide that can be used as pre-emergent against the grass. In addition to this, it is a systematic herbicide that acts as a protein synthesis inhibitor and also leads to metabolic dysfunction in the targeted weeds. Besides, it is primarily absorbed by germinating stem shoots and secondarily by weed roots that grow on the pre-planted arable croplands. This herbicide is toxic to aquatic life and has low bioaccumulation potential, it decomposes into toxic gases at high temperatures and the exposure may cause pneumonitis on inhalation, nausea, vomiting as well as diarrhea. The butachlor market value is expected to increase more during the outlook period due to the loss of arable lands.
Due to the coronavirus pandemic, all the companies are suffering in the areas of production and demand, along with supply chain and market disruption and financial impact. Several companies have halted their production units because of the strict lockdown regulations imposed by the government authorities. Almost all the companies have closed and due to the financial crisis since March 2020, they have terminated employees because of their inability to pay salaries to them and are also facing severe financial problems due to the COVID-19 pandemic.
Slowly, all the countries have lifted the lockdown and gave permissions to the companies to restart their operations with stringent rules and regulations. Major companies have restarted their manufacturing units that in turn started the supply chain of their products and helping them to recover from the unexpected financial crisis. In the field of Butachlor market, the companies related to the market were expecting to record some profits in the next two to three years with an increase in demand for food in Asian countries due to the surge in population.
Butachlor Market Driving Factors:
One of the major driving factors of the Butachlor market is the rapid growth of demand for food because of the growing population and reducing arable land in different parts of the world. This butachlor can be used in various crops including, wheat, barley, rice, cotton, corn, chilies, sugar beet, etc., which was widely used in various places across the Asia Pacific nations like Taiwan, South East Asian countries for rice farming. The rise in disposable income and purchase power parity are some other major driving factors of the Butachlor market revenue rate in the next few years.
Strict regulations from the government authorities about the butachlor is one of the major restraints affecting the growth of the market. Another major limitation to the development of the butachlor market was due to the opposition of chemicals used in agriculture. Most of the farmers are moving to organic farming and the development of better and less harmful substitutes are some of the restraint affecting the growth of the market of Butachlor.
The rise in awareness about the harmful effects of Butachlor is also one of the major challenges which hamper the growth of the revenue rate. Another hindering factor of the global Butachlor market was the threats posed by the usage of butachlor to human health and the environment
Butachlor Market – By Type:
Generated by DEA and paraformaldehyde
Butachlor Market – By Application:
Among these, the rice crop segment holds the major share of the market especially in the Asia Pacific region due to the growth in population and is also expected to hold dominance during the outlook period.
The Butachlor market is studied in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), Europe region (Germany, Spain, Italy, UK and France), Asia Pacific region (India, Japan, China, Australia and rest of Asia Pacific), Latin America and the Middle East and Africa.
Among these regions, Asia Pacific holds the major share of the Butachlor market owing to the significant growth in revenue due to the rising population especially in some countries like India, China, Japan, Indonesia and Thailand. Also, increasing demand for food in emerging countries like India and China is helping the growth of the revenue rate in Asia Pacific region.
North America holds the second-largest share of the market of Butachlor due to the rise in disposable income in the United States, Mexico, and Canada. However, stringent government regulations hamper the growth of the market of Butachlor in North American nations.
European region is expected to record an increase in the market growth during the forecast period because of the rapid increase of population in countries like Germany, Italy, and Spain. Furthermore, reducing of arable lands across the European area propels the growth of the butachlor market in this locale.
Some of the key players of the global Butachlor market are Qingfeng Agro-chemical, Binnong Technology, Syngenta AG, SinoHarvest Corporation, Dow AgroSciences, Bayer CropScience, Shanghai Tenglong Agrochemical Co. Ltd., Monsanto, Shanghai Mingdou Agrochemical Co. Ltd., Zhejiang Rayfull Chemicals, Nantong Jiangshan Agrochemical & Chemicals Co. Ltd., Green Land.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Butachlor Market, By Type
6.1.1 Generated By DEA and Paraformaldehyde
6.1.2 Generated By Ketene
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Butachlor Market, By Application
6.2.1 Rice Crop
6.2.7 Market Size Estimations & Forecasts (2019-2024)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1 Qingfeng Agro-chemical
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Binnong Technology
8.3 Syngenta AG
8.4 SinoHarvest Corporation
8.5 Dow AgroSciences
8.6 Bayer CropScience
8.7 Shanghai Tenglong Agrochemical Co. Ltd
8.9 Zhejiang Rayfull Chemicals
8.10 Nantong Jiangshan Agrochemical & Chemicals Co. Ltd
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures