Isoxaflutole Market was worth USD 133.96 million in 2021 and estimated to be growing at a CAGR of 6.1%, to reach USD 180.12 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.
Isoxaflutole Market Drivers:
The 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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2020 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2022 - 2027 |
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CAGR |
6.1% |
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Segments Covered |
By Crops, End Users and Region. |
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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 |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
DuPont,CropScience,Santa Cruz Biotechnology Ltd,Wanko Chemical Co. Ltd,Chemos GmbH and Others. |
Isoxaflutole Market Segmentation:
Sugarcane
Sugarcane is expected to dominate this segment.
Agriculture sector has the largest share in this segment.
The Market is Geographically divided into:
North America holds the largest market share in the world which is followed by Asia-Pacific. Asia-Pacific region is also the fastest growing market in the world owing to huge demand for food in developing nations like India and China.
Key Players:
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