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) Read More

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. Read More

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). Read More

Which region has the biggest share in Isoxaflutole Market?

In 2024, the North America accounts for the largest market share in Isoxaflutole Market. Read More

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. Read More

Isoxaflutole Market Trends

Statistics for the 2023 & 2024 Isoxaflutole market trends, created by Mordor Intelligence™ Industry Reports. Isoxaflutole trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Isoxaflutole Industry

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.

Understand The Key Trends Shaping This Market

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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.