Butachlor Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Butachlor Market is estimated to be USD XX million in 2018 and predicted to rise to USD XX million by 2023 with a CAGR of XX%. The market is segmented by Application (Rice Crop, Wheat Crop, Barley and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Factors like limitation of arable lands, increasing number of invasive species and increasing resistance to existing herbicides and increasing practice of integrated vegetation management are the primary drivers for the growth of market. However, factors like toxic effects of butachor and its carcinogenic nature towards humans and animals are restricting the growth of market.
Based on application, Rice crops and barley crops hold the major share in the market due to rice crops being staple food source in many Asian countries and barley being a major ingredient in beverage industry.
Asia Pacific holds the major share in the market due to high consumption of butachlor in the major agrarian countries such as China, India, Indonesia, Vietnam as well as presence of market leaders. North America is the fastest growing region due to increasing adoption rate and increasing demand for effective herbicides.
Some of the key players dominating this market include Shanghai Tenglong Agrochemical Co. Ltd., Monsanto, Shanghai Mingdou Agrochemical Co. Ltd., Syngenta AG, SinoHarvest Corporation, Dow AgroSciences, Bayer CropScience, Zhejiang Rayfull Chemicals, Nantong Jiangshan Agrochemical & Chemicals Co. Ltd., Qingfeng Agro-chemical, Binnong Technology, and Green Land.
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