Pinoxaden Market To Reach Us$ 862.2 Million By 2020 | TMR | Página 2

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REPORT DESCRIPTION
Pinoxaden Market for Wheat and Barley - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 – 2020
With the presence of a few key players, such as Syngenta AG and Hebei Duoke Chemicals, in the
overall landscape, the global pinoxaden market exhibits a highly concentrated structure, finds a
research study by Transparency Market Research (TMR). Currently, Syngenta owns the patent for
pinoxaden; however, it will expire in 2020, after which, small-scale companies and new entrants may
gain momentum in this market.
As per TMR’s estimations, the global market for pinoxaden will increase in value at a CAGR of
12.30% between 2014 and 2020 and reach an opportunity of US$0.8 bn by the end of the forecast
period. Due to the high demand for wheat, pinoxaden witnesses a greater application in wheat crops.
By 2020, wheat crops are likely to hold a share of nearly 82% of the overall demand for pinoxaden.
Browse Market Research Report @
http://www.transparencymarketresearch.com/pinoxaden-market.html
Demand for Pinoxaden to Remain Strong in Europe
The report has identified Europe, Asia Pacific, North America, and the Rest of the World as the main
geographical segments of the global pinoxaden market. According to the study, Europe has been
leading the demand for pinoxaden, thanks to a high yield of wheat and barley. The region is
anticipated to continue its leading streak over the forecast period with the opportunity in the region
rising to US$387.2 mn by 2020.
Asia Pacific, however, is projected to present the most promising growth opportunities in the coming
years on account of the high production of wheat in China and India. North America is also projected
to exhibit strong demand for pinoxaden in the near future, owing to the increasing production of wheat
and barley and the rising weed resistance of the existing herbicide products.
Pinoxaden to Gain Significantly from its Rising Popularity as Highly Efficient Herbicide
Crop protection from weeds, pests, and various plant diseases has been a significant challenge for
agriculturists since ages. To overcome this issue, farmers have been predominantly depending on
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Transparency Market Research