Isoxaflutole Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Isoxaflutole Market Analysis
The isoxaflutole market is expected to develop at a CAGR of over 3% during the forecast period. The major factor driving the growth of the market studied is the increasing demand for food production. On the flip-side, the market is expected to face environmental regulations which are anticipated to hinder the growth of the market.
- Isoxaflutole is basically an herbicide that is used in the agro-chemical industry. It acts as a catalyst for the growth of the plants.
- North America is expected to be the largest market of isoxaflutole market due to the large-scale consumption in the region.
Isoxaflutole Market Trends
This section covers the major market trends shaping the Isoxaflutole Market according to our research experts:
Vegetables Segment Leads the Isoxaflutole Market
- Isoxaflutole is a herbicide that is used in the agro-chemical industry which acts as a growth catalyst for the plants. The active elements in the compound rapidly get utilized in the soil and start acting on the plants.
- In 2020, the total revenue from the vegetable segment globally is estimated to be USD 801.24 billion and is anticipated to grow annually at a CAGR of 3.2% from 2020 to 2025.
- For the year 2019/20, the total production of vegetable oils around the world amounted to 203.91 million metric tons.
- The total vegetable imports value of China is projected to be USD 767.81 million between January to May 2020.
- Therefore, the increased demand is predicted to drive the growth of the market studied during the period of forecast.
North America to be the Largest Isoxaflutole Market
- In 2019, the total market value of herbicides in the United States is projected at around USD 10.31 billion and is predicted to grow to a market size of around USD 12.7 billion by 2022.
- According to the US Department of Agriculture, the number of farms in the United States was around 2.03 million in 2019.
- The total value of the agricultural export of the United States was estimated to be USD 135.5 billion and is anticipated to reach a value of USD 136.5 billion in 2020.
- The total sugarcane production of the United States was around 31.8 million tons in the year 2019. This production is anticipated to increase in future.
- Thus, rising demand from various industries coupled with government support is expected to drive the market studied in the region during the forecast period.
Isoxaflutole Industry Overview
The isoxaflutole market is consolidated. Some of the players in the market include Bayer AG, CHEMOS GmbH & Co. KG, Santa Cruz Biotechnology, Inc., BASF SE, and Merck KGaA.
Isoxaflutole Market Leaders
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Bayer AG
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CHEMOS GmbH & Co. KG
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Santa Cruz Biotechnology, Inc.
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BASF SE
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Merck KGaA
*Disclaimer: Major Players sorted in no particular order
Isoxaflutole Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Rising Demand for Food Production
- 4.1.2 Unfavorable conditions arising due to the COVID-19 outbreak
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4.2 Restraints
- 4.2.1 Environmental Concerns
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Crops
- 5.1.1 Vegetables
- 5.1.2 Sugarcane
- 5.1.3 Almonds
- 5.1.4 Peaches
- 5.1.5 Maize
- 5.1.6 Apple
- 5.1.7 Others
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 France
- 5.2.3.4 Italy
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Bayer AG
- 6.4.3 CHEMOS GmbH & Co. KG
- 6.4.4 Merck KGaA
- 6.4.5 Santa Cruz Biotechnology, Inc.
- 6.4.6 Shanghai E-Tong Chemical Co., Ltd.
- 6.4.7 Shijiazhuang Awiner Biotechnology ltd
- 6.4.8 Wanko Chemical Co. Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Isoxaflutole Industry Segmentation
The Isoxaflutole Market report includes:
| Crops | Vegetables | |
| Sugarcane | ||
| Almonds | ||
| Peaches | ||
| Maize | ||
| Apple | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Isoxaflutole Market Research FAQs
What is the current Isoxaflutole Market size?
The Isoxaflutole Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Isoxaflutole Market?
Bayer AG, CHEMOS GmbH & Co. KG, Santa Cruz Biotechnology, Inc., BASF SE and Merck KGaA are the major companies operating in the Isoxaflutole Market.
Which is the fastest growing region in Isoxaflutole Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Isoxaflutole Market?
In 2024, the North America accounts for the largest market share in Isoxaflutole Market.
What years does this Isoxaflutole Market cover?
The report covers the Isoxaflutole Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Isoxaflutole Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Isoxaflutole Industry Report
Statistics for the 2023 Isoxaflutole market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Isoxaflutole analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
