The Latin American azimsulfuron market is expected to reach USD 0.19 billion in 2024 and reach USD 0.27 billion by 2029, growing at a CAGR of 6.90% from 2024 to 2029.
Azimsulfuron is a chemical compound that belongs to the family of sulfonylureas. It is a post-emergence herbicide that is an inhibitor of the enzyme acetolactate synthase in the broad-leaved and sedge weeds in paddy fields and other crops. Azimsulfuron is highly soluble in water and semi-volatile. It has a low mammalian toxicity but has a high potential for bioaccumulation.
Azimsulfuron is quite stable in hydrolysis and photolysis. It is mainly used in rice cultivation and has no adverse health effects identified for humans. It has no mutagenic, carcinogenic or reprotoxic effects on the mammals but it is toxic to some aquatic organisms, especially green algae. It is also harmful to butterflies, earthworms and birds. In some countries, it is added to the list of authorized active substances and application from the air is not permitted.
The primary factors driving the growth of the Latin American azimsulfuron market are growing awareness for improving agricultural productivity and a rise in health conciseness. Also, increasing population, availability of arable land and expansion of farmlands, product innovations, and technology advancements, rise in disposable income, adaptable temperature conditions, and increase in rice demand are secondary factors driving the growth of the market. However, stringent regulations, high toxicity, several environmental health hazards, and high-cost manufacturing equipment are restraining the growth of the market.
This research report on the Latin American azimsulfuron market is segmented and sub-segmented into the following categories:
Latin America Azimsulfuron Market - By Product:
Latin America Azimsulfuron Market - By Application:
Cereals and grains have the largest market in terms of revenue owing to the high demand of rice due to the rise in population.
Latin America Azimsulfuron Market – By Country:
Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the market.
KEY MARKET PLAYERS:
DuPont, Jiangsu Fengdeng Pesticide, Bayer Crop Science AG, Dow AgroSciences, Amvac Chemical Corporation, Jiangxi Anlida Chemical, Royal Agro, Wenzhou FJ Chemical, Jiangsu Agrochem Laboratory. Some of the market players dominate the Latin America azimsulfurson market.
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