Pinoxaden Market estimated to be growing at a CAGR of 12.4%, to reach USD 969 million by 2021

(EMAILWIRE.COM, September 07, 2017 ) The Global Pinoxaden Market was worth USD 539 million in 2016 and estimated to be growing at a CAGR of 12.4%, to reach USD 969 million by 2021.

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The market is showing high growth potential in the mentioned period. It will continue to expand with the recent developments in Agricultural industry.

Pinoxaden is a recently discovered selective herbicide by a Swiss company called Syngenta AG. The importance of providing the crops protection from weed has led companies to focus more on research on agrochemicals which is estimated to fuel the pinoxaden market growth. Pinoxaden is basically used against weeds in many cereal crops. It is very efficient for cereal crops like wheat and barley as it stunts the growth of many weed species covering wild oats, black grass and canary grass which are responsible for reducing yield of these cereal crops. Pinoxaden usually used along with a supplement such as cloquintocet-mexyl and clodinafop-propargyl.

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Increasing agricultural food production all over the world, rising need for high yield to supply the growing population is expected to drive the pinoxaden market growth. Moreover, growing awareness amongst the farmers about weed prevention measures will continue to augment market growth during the forecast period. The major constraints faced by this market are risks associated with manual usage of these pinoxadens and government regulations in certain areas.

The Global Pinoxaden market is broadly categorized on the basis of Crop into Wheat and Barley. Wheat crops had almost more than half of the revenue generated by global pinoxaden market as of 2016 and are expected to continue being the leading crop segment during the forecast period.

On the basis of geography the global pinoxaden market is segmented into and analyzed under the regions North America, Asia-Pacific, Europe, Latin America and Middle-East and Africa. Europe was the leading market for pinoxaden as of 2016 and occupied more than half of the global market share. North America held the second largest position followed by the Asia Pacific which is expected to register highest CAGR during the forecast period.

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Some of the major competitors dominating the global Pinoxaden market are Syngenta Crop Protection AG, Agchem Access, Sigma Aldrich, Haihang Industry Co. Ltd, Simagchem, Advanced Technology & Co. Ltd and Hebei Duoke Chemical Technology Co. Ltd.

Pinoxaden Market Segmentation
Crop
• Introduction
• Wheat
• Barley
• Y-o-Y Growth Analysis, By Crop
• Market Attractiveness Analysis, By Crop
• Market Share Analysis, By Crop

The scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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