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Butachlor Market By Application (Rice Crop, Wheat Crop, Barley And Others) And By Region -Global Industry Analysis, Size, Share, Growth, Trends, And Forecast (2022 to 2027).

Published: March, 2023
ID: 5674
Pages: 175
Formats: report pdf report excel report power bi report ppt

Butachlor Market Size & Growth (2022 - 2027):

The Butachlor Market is expected to increase more during the forecast period of 2022 - 2027, 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 a 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.

COVID-19 impact on Butachlor Market:

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 given permission 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 helped 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.

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.

Challenges:

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 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 restraints 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 REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

5%

Segments Covered

By Type, By Application

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

Qingfeng Agro-chemical, Binning Technology, Syngenta AG, SinoHarvest Corporation, Dow AgroSciences, Bayer CropScience, Shanghai Tenglong Agrochemical Co. Ltd., Monsanto, Shanghai Mingdou Agrochemical Co. Ltd., Zhejiang Ray full Chemicals, Nantong Jiangshan Agrochemical & Chemicals Co. Ltd., Green Land.

Butachlor Market Segmentation:

Butachlor Market – By Type:

  • Generated by DEA and paraformaldehyde

  • Generated by Ketene

Butachlor Market – By Application:

  • Rice crop
  • Wheat
  • Barley
  • Beet
  • Cotton
  • Peanut

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.

Regional Analysis:

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 a
  • 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 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.

Key Players:

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.

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