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Asia Pacific Penoxsulam Market – Market size Growth, Development, Growth and Demand Forecast till 2021




(Medical-NewsWire.com, April 16, 2018 ) Asia Pacific Penoxsulam Market was worth USD 161.99 million in 2016 and estimated to be growing at a CAGR of 5.80%, to reach USD 214.74 million by 2021. Penoxsulam is a chemical compound having the chemical formula C16H14F5N5O5S with molecular mass of 483.37 g/mol. It is used in agricultural field as rice herbicide.

It can be used in both terrestrial and aqueous environments and it has an excellent ability of protecting the crops against weed without harming any fauna. These are the factors which encourage farmers to use this herbicide. Penoxsulam is highly effective against various types of weeds.

Get a comprehensive overview of the Market: https://www.marketdataforecast.com/market-reports/asia-pacific-penoxsulam-market-3376/

High efficiency of Penoxsulam compared to other kinds of pesticides, rising demand of rice because of it being the staple food and increasing demand of well-maintained lawns in commercial and residential buildings are some of the factors driving this market. Besides these, increasing number of golf courts and sports grounds is also driving this market, substantially.

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The Asia-Pacific Penoxsulam market is segmented on the basis of crop type. It is segmented into Rice, Aquatics and other type of crops. As the Asia-Pacific demand for food is increasing because of increasing population. Being a staple food, demand of 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 demand of Penoxsulam herbicide accounting for almost 85% of the Asia-Pacific market.

The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2016, Asia-Pacific had the biggest Penoxsulam market accounting for almost 55% of Asia-Pacific market share. India and China alone in Asia-Pacific account for more than 50% of the share of Asia-Pacific market. Asia-Pacific also has the fastest growing rate in this market because of the fact that livelihood of a major population of the two biggest democracies in this region, viz. India and China depend on farming.

This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the Asia-Pacific 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.


Scope of the Report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.



Market Data Forecast.

Abhishek Shukla

+1-888-702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com

Source: EmailWire.com


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