The global herbicide market affects the propanil market because it is a subset of the herbicide market. Throughout the forecast periods, it is anticipated that the worldwide herbicide market would expand at a CAGR of about 5%. The primary goal of farmers employing herbicides like propanil is to increase crop yield and soil productivity.
The quantity of land that has been planted globally has increased significantly, which has increased demand for propanil and other herbicides. Growing populations and rising disposable incomes in developed and developing countries, respectively, encourage the expansion of the food and beverage industry, which in turn indirectly increases demand for propanil.
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Due to its importance in defending crops against fungus and the dangers posed by weed growth, propanil is in high demand in the agricultural industry. A significant portion of the Asia-Pacific propanil market’s demand is for paddy crop, which is in high demand from nations like China, India, Indonesia, and others.
The key reason fueling the growth of the propanil market is the introduction of innovative crop cultivating techniques in the agriculture sector. An alternate way of weed management and bio-based herbicides are becoming more well known as a result of growing health concerns and negative environmental effects.
Propanil Market Key Manufacturers
- Bayer Corp.
- SinoHarvest
- Kenvos Biotech Co. Ltd.,
- Willwood USA
- Westrade Guatemala S.A.
- Bharat Group
- Hegang City TH-UNIS Insight Co. Ltd.
- Xuxiang Heyou Chemical Co. Ltd.
- Shenyang Harvest Agrochemical Co. Ltd.
- King Quenson Group
- Shandong Weifang Rainbow Chemical Co. Ltd.
- Shijazhuang Lida Chemicals
- Dow Chemical Company
- Jiangsu Kuaida Agrochemical
- United Phosphorus Ltd.
- Hangzhou HeRui Chemical
Propanil Market Segmentation
The propanil market can be segmented on the basis of product and application:
Propanil market segmentation based on product:
- Propanil Technical Toxicant
- Propanil Preparation
Propanil market segmentation based on application:
- Paddy
- Redroot Amaranth
- Crab Grass
- Barn Grass
- Other applications
The largest market for propanil herbicide is in the Asia-Pacific area, followed by those in Latin America, Africa, North America, and Europe. Due to the significant demand for rice in this region and the increased investment in the agricultural sector, the market is anticipated to experience significant growth in the Asia Pacific and Latin America in the near future. One of the key staple foods consumed worldwide is rice.
China, India, Vietnam, Bangladesh, Thailand, Myanmar, Japan, and Brazil are the major producers of rice worldwide. China is the world’s largest producer of propanil, and around 75% of the country’s production is exported. The crop production in Asian nations is improving as farmers use more cutting-edge methods in their farming operations.