The North American Isoxaflutole market size is expected to reach USD 72.43 million in 2024 and reach USD 96.70 million by 2029, growing at a CAGR of 5.95% from 2024 to 2029.
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 one of the prominent and efficient sources of biofuel. As a result of the rising prices of oil, the demand for sugarcane is increasing in the market, which indirectly resulted in the growth of this chemical. As a lot of corn is produced in regions like the USA and China, the demand for Isoxaflutole is on the rise.
The North American 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 a lack of awareness about the phytotoxicity of Isoxaflutole.
This research report on the North American isoxaflutole market is segmented and sub-segmented into the following categories:
North America Isoxaflutole Market - By Crops:
Sugarcane is expected to dominate this segment.
North America Isoxaflutole Market - By End Users:
The agriculture sector has the largest share in this segment.
North America Isoxaflutole Market - By Country:
North America leads the global isoxaflutole market in terms of share. Within North America, United States holds the largest market share. Factors such as rising demand for food and increasing investment in research and development is expected to drive the market growth in the region.
KEY MARKET 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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