Europe Isoxaflutole market is expected to be reach USD 48.79 million in 2024 and reach USD 65.67 million by 2029, and estimated to be growing at a CAGR of 6.12%, from 2024 to 2029.
Isoxaflutole is a chemical which is used in the agrochemical industry to enhance the growth of plants. The major plants on which this chemical is used are sugarcane and maize. It is also used on food crops such as apple, peach, almond etc.
Isoxaflutole primarily acts as a growth catalyst for plants like maize, sugarcane, apple, and peach. The active component in the compound quickly gets metabolized in the soil and starts acting on the plants. It is considered one of the prominent and efficient sources of biofuel. As a result of the rising prices of oil, the demand for sugarcane is increasing in the market, which indirectly resulted in the growth of this chemical. As a lot of corn is produced in regions like the USA and China, the demand for Isoxaflutole is on the rise.
The Europe Isoxaflutole market is driven by factors such as growing demand for food especially in developing regions, rising investment in research and development, rising soy and corn plantations and rising importance for quality among others. However, the market is constrained by factors like lack of awareness about phytotoxicity of Isoxaflutole.
This research report on the European isoxaflutole market research report is segmented and sub-segmented into the following categories.
Europe Isoxaflutole Market - By Crops:
Sugarcane is expected to dominate this segment.
Europe Isoxaflutole Market - By End Users:
The agriculture sector has the largest share in this segment.
Europe Isoxaflutole Market – By Country:
The Europe Isoxaflutole market is divided based on geography into the United Kingdom, France, Italy, Spain, and Germany. Europe holds the second largest market globally in terms of share, followed by the North American region. Factors such as rising demand for food and rising investment in research and development are expected to drive the market growth in the region.
Key Market Players:
Some of the major players in the market include DuPont, CropScience, Santa Cruz Biotechnology Ltd., Wanko Chemical Co. Ltd., and Chemos GmbH.
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