North America Pinoxaden Market

North America Pinoxaden Market Size (2024 to 2029)

The North American pinoxaden market size is expected to reach USD 223.05 million in 2024 and reach USD 401.95 million by 2029, growing at a CAGR of 12.5% from 2024 to 2029. 

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 the Agricultural sector. Pinoxaden is a selectively attacking herbicide that was discovered in recent years by a Swiss company called Syngenta AG. The realization of the important role played by herbicides has resulted in companies developing research activities in the 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.

The North American pinoxaden market growth is driven by factors like continuously developing agricultural technology, rising demand for agricultural food production, growing popularity of organic foods, and increasing awareness levels regarding agrochemicals 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.

This research report on the North American pinoxaden market is segmented and sub-segmented into the following categories.

North America Pinoxaden Market Analysis By Crop

• Wheat
• Barley

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

COUNTRY ANALYSIS

• U.S.A
• Canada

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 IN THE NORTH AMERICA PINOXADEN MARKET

Syngenta Crop Protection AG, Agchem Access, Sigma Aldrich, Haihang Industry Co. Ltd, Simagchem, Advanced Technology & Co. Ltd, Hebei Duoke Chemical Technology Co. Ltd. These are the market players that are dominate the North America pinoxaden market.