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Europe Isoxaflutole Market By Crops (Sugarcane, Maize, Apple, Peaches And Almonds), By End Users (Industries, Agriculture And Others) And By Region (Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027).

Published: January, 2022
ID: 7097
Pages: 145

Europe Isoxaflutole Market Size, Growth, Trends and Forecast:

Europe Isoxaflutole Market was worth USD 40.83 million in 2021 and estimated to be growing at a CAGR of 6.12%, to reach USD 50.87 million by 2026. 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 in the growth of 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 as one among the prominent and efficient sources for biofuel. As a result of rising prices of oil, the demand for sugarcane is increasing in the market, which indirectly resulted in growth of this chemical. As a lot of corn is produced in regions like USA and China, the demand for Isoxaflutole is on the rise.

Europe Isoxaflutole Market Drivers:

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.

Europe Isoxaflutole Market Segmentation:

Europe Isoxaflutole Market - By Crops:

  • sugarcane

  • maize
  • apple
  • peach
  • almonds
  • others

Sugarcane is expected to dominate this segment.

Europe Isoxaflutole Market - By End Users:

  • industries
  • agriculture
  • others

Agriculture sector has the largest share in this segment.

Geographical Analysis:

The Europe Isoxaflutole market is divided based on geography into United Kingdom, France, Italy, Spain and Germany. Europe holds the second largest market globally in terms of share, followed by North America region. Factors such as rising demand for food and rising investment in research and development is expected to drive the market growth in the region.

Major Key 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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