North America Pinoxaden Market

North America Pinoxaden Market Size, Growth, Trends and Forecast:

North America Pinoxaden Market was worth USD 156.66 million in 2021 and estimated to be growing at a CAGR of 12.5%, to reach USD 281.05 million by 2026. The market is presently showing high growth potential during the mentioned period. It will continue to grow in the years that follow the forecasting period owing to the ongoing developments in Agricultural sector.Pinoxaden is a selectively attacking herbicide which was discovered in the recent years by a Swiss company called Syngenta AG. The realisation of the important role played by herbicides has resulted in companies to develop research activities in agrochemicals field which is expected to drive the pinoxaden market growth.

Pinoxaden is used against weeds in many common cereal crops and it is 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 reduce the yield of these cereal crops. Pinoxaden is generally used along with either cloquintocet-mexyl or clodinafop-propargyl.

North America Pinoxaden Market Drivers:

The North America pinoxaden market growth is driven by factors like continously developing agricultural technology, rising demand for agricultural food production, growing popularity of organic foods and increasing awareness levels regarding agrochemical among the farmers. However, the main factors restraining this market’s growth are the risks involved in their manual usage and stringent government regulations in certain areas.

The North America Pinoxaden Market is segmented and sub-segmented into following categories:

North America Pinoxaden Market - By Crop:

• Wheat

• Barley

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

The Market is Geographically divided into:

North America:

• U.S.A
• Canada

The North America ranks second in the pinoxaden market after Europe and is expected to show significant potential for growth during the forecast period.

Key Players:

• Syngenta Crop Protection AG
• Agchem Access
• Sigma Aldrich
• Haihang Industry Co. Ltd
• Simagchem
• Advanced Technology & Co. Ltd
• Hebei Duoke Chemical Technology Co. Ltd