Latin America Pinoxaden Market

Latin America Pinoxaden Market Size (2024 to 2029)

The Latin American pinoxaden market is expected to reach USD 34.11 million in 2024 and reach USD 47.79 million by 2029, estimated to be growing at a CAGR of 11.9% from 2024 to 2029.

The market has a high potential for growth during the mentioned period. It will continue its momentum even after the forecast period due to the developing Agricultural sector. Pinoxaden is a selectively attacking herbicide that was discovered in recent years by a Swiss company called Syngenta AG. The growing importance of herbicides has resulted in companies to enhance their research activities in agrochemicals field which is estimated to drive the pinoxaden market growth.

Pinoxaden is applied against weeds in a lot of common cereal crops, and it shows high efficacy for cereal crops like wheat and barley as it kills the growth of a variety of weed species ranging from wild oats to black grass and canary grass, which reduces the yield of these cereal crops. Pinoxaden is generally used along with either cloquintocet-mexyl or clodinafop-propargyl.

The Latin American pinoxaden market growth is driven by factors like increasing population, stabilizing economy, and rising demand for agricultural food production. However, the main factors restricting this market’s growth are the risks of their manual usage and government regulations in some areas.

This research report on the Latin America pinoxaden market is segmented and sub-segmented into the following categories

Latin America Pinoxaden Market By Crop

• Wheat
• Barley

Wheat crops almost owned more than half of the revenue generated by the Latin American pinoxaden market as of 2016 and are expected to persist as the leading crop segment during the forecast period.

Latin America Pinoxaden Market  By Country

• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America

The Latin America has many developing countries like Brazil and Mexico and this factor is expected to drive the growth of Latin America Pinoxaden Market.

KEY MARKET PLAYERS

Syngenta Crop Protection AG, Agchem Access, Sigma Aldrich, Haihang Industry Co. Ltd, Simagchem, Advanced Technology & Co. Ltd, and Hebei Duoke Chemical Technology Co. Ltd. Are some of the market players dominating the Latin America pinoxaden market.