Middle-East and Africa Pinoxaden Market was worth USD 48.01 million in 2021 and estimated to be growing at a CAGR of 12.1%, to reach USD 86.29 million by 2026.
The market is currently showing substantial potential for growth during the mentioned period. It will continue to grow in size because of the recent developments in Agricultural sector.Pinoxaden is an herbicide which attacks many weed species ranging from wild oats to black grass and canary grass. It was discovered in the recent years by a Swiss company called Syngenta AG. The increasing importance being paid to herbicides has led to developing research activities in agrochemicals field. Pinoxaden is used against weeds in many common cereal crops and it is highly effective to cure cereal crops like wheat and barley. Pinoxaden is generally used along with either cloquintocet-mexyl or clodinafop-propargyl.
Middle-East and Africa Pinoxaden Market Drivers:
The Middle-East and Africa pinoxaden market growth is driven by factors like increasing population, developing economy and rising food demand. However, factors like risks associated with manually applying pinoxadens and firm government regulations in certain areas are preventing the growth of this market in the Middle-East and Africa.
Middle-East and Africa Pinoxaden Market - By Crop:
Wheat crops almost owned more than half of the revenue generated by Middle-East and Africa pinoxaden market as of 2016 and are expected to persist being the leading crop segment during the forecast period.
On the basis of geography the Middle-East and Africa pinoxaden market is segmented into and analyzed under the regions Middle-East and Africa. The Middle-East and Africa has many emerging economies which will experience a lot of development in the Pinoxadens market thus propelling the market growth.
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