Global Penoxsulam Market Size, Share, Trends & Growth Forecast Report, Segmented By Crop Type (rice, Aquatics And Others) And By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa), Industry Analysis From 2025 to 2033
Global Penoxsulam Market Size
The global penoxsulam market was valued at USD 377.70 million in 2024 and is anticipated to reach USD 396.96 million in 2025 from USD 590.98 million by 2033, growing at a CAGR of 5.10% during the forecast period from 2025 to 2033. Penoxsulam is a chemical compound having the chemical formula C16H14F5N5O5S with a molecular mass of 483.37 g/mol. It is used in the agricultural field as rice herbicide.
It can be used in both terrestrial and aqueous environments and it has an excellent ability to protect the crops against weed without harming any fauna. These are the factors that encourage farmers to use this herbicide. Penoxsulam is highly effective against various types of weeds.
MARKET DRIVERS
High efficiency of Penoxsulam compared to other kinds of pesticides, rising demand of rice and other crops around the world and increasing demand of well-maintained lawns in commercial and residential buildings are some of the factors driving this market. Besides these, an increasing number of golf courts and sports grounds is also driving this market, substantially.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
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Market Size Available |
2024 to 2033 |
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Base Year |
2024 |
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Forecast Period |
2025 to 2033 |
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CAGR |
5.10% |
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Segments Covered |
By Crop Type and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Dow Chemical Co., Bayer CropScience AG, Syngenta International AG, Chemtura Corp., Monsanto Co., Nufarm Ltd., Shijiazhuang Xingbai Bioengineering Co., and BASF SE and Others. |
SEGMENT ANALYSIS
By Crop Type Insights
As the demand for food is increasing because of the increasing population. Being staple food, the demand for rice has increased the most, which has led to the increased demand of Penoxsulam pesticide. As a result, rice fields have emerged as the leading segment for the demand for Penoxsulam herbicide accounting for almost 85% of the market.
REGIONAL ANALYSIS
In 2016, Asia-Pacific had the biggest Penoxsulam market accounting for almost 55% of global market share. India and China alone in Asia-Pacific account for more than 50% of the share of the Asia-Pacific market. Asia-Pacific also has the fastest-growing rate in this market because of the fact that the livelihood of a major population of the two biggest democracies in this region, viz. India and China depend on farming.
KEY MARKET PLAYERS
This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the global Penoxsulam market are Dow Chemical Co., Bayer CropScience AG, Syngenta International AG, Chemtura Corp., Monsanto Co., Nufarm Ltd., Shijiazhuang Xingbai Bioengineering Co., and BASF SE.
MARKET SEGMENTATION
This research report on the global Penoxsulam market is segmented and subs-segmented into the following categories.
By Crop Type
- Rice
- Aquatics
- another type of crop
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle-East & Africa.
Frequently Asked Questions
What is Penoxsulam and where is it primarily used?
Penoxsulam is a post-emergence herbicide widely used in rice cultivation to control broadleaf weeds, sedges, and grasses, offering farmers a selective, effective, and low-toxicity solution for crop protection.
What’s driving the growth of the global Penoxsulam market?
Rising global rice demand, shrinking arable land, and the push for higher crop yields with minimal environmental impact are accelerating Penoxsulam adoption, especially in Asia-Pacific and Latin America.
What challenges could limit the expansion of the Penoxsulam market?
Challenges include increasing weed resistance, regulatory scrutiny over agrochemical residues, and competition from integrated weed management strategies and alternative herbicides.
Which regions are the top consumers of Penoxsulam?
Asia-Pacific leads the market, driven by massive rice production in countries like India, China, and Vietnam, while Latin America and parts of Africa show emerging demand due to modernizing agricultural practices.
What trends are shaping the future of the Penoxsulam market?
The future lies in low-dose formulations, compatibility with eco-farming, integration into smart spraying systems, and a shift toward sustainable agrochemicals that balance productivity and environmental safety.
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