Transparency Market Research has published a new
market report titled “Pinoxaden Market for Wheat and Barley -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2014 - 2020,” which observes that the global pinoxaden market
demand was valued at US$ 385.4 million in 2013 and is expected to
reach US$ 862.2 million by 2020, expanding at a CAGR of 12.3% between
2014 and 2020.
This 30 page report gives readers a comprehensive
overview of the Pinoxaden market. Browse through 10 data tables and
06 figures to unlock the hidden opportunities in this market@
Pinoxaden belongs to the phenlypyrazolin chemistry
and developed for global cereals such as wheat and barley against
wide range of unwanted grasses. It is used against grasses such as
Apera (bentgrass), Lolium (ryegrass), Alopecurus (blackgrass), Avena
(wild oats), Phalaris (canary grass), Poa (meadowgrass) and Setaria
(foxtails). Spring and winter wheat and barley are the major target
crops across the globe. Pinoxaden is a grass-weed herbicide, which
inhibits the synthesis of membrane lipids, resulting in desiccation
of target grass. Pinoxaden is primarily used along with safener such
as cloquintocet-mexyl and clodinafop-propargyl.
Higher demand for wheat and barley due to increasing
applications of these cereals in the food industry and losses of
wheat and barley due to weeds is likely to boost the global pinoxaden
market. However, high price of pinoxaden is estimated to hamper the
market growth. After the expiry of the patent, a large number of new
entrants are anticipated to enter the pinoxaden market. This would
result in an increase in competition and reduction in prices of the
product.
In terms of volume, Europe dominated the global
pinoxaden market and accounted for over 45% of the global pinoxaden
market in 2013. Europe accounts for more than half of the global
production of barley. North America emerged as the second largest
consumer of pinoxaden in terms of volume and revenue in 2013. Asia
Pacific is expected to be the fastest growing region between 2014 and
2020. Rest of the World accounted for smaller share in 2013.
Get accurate market forecast and analysis on the
Pinoxaden market. Request a sample to stay abreast on the key trends
impacting this market@
Wheat crop constituted more than 80% of the global
demand for pinoxaden in 2013. Market share of the wheat crop is
further expected to increase by 2020. Increasing herbicide resistance
for existing active ingredients such as glyphosate is anticipated to
drive pinoxaden market. The demand for pinoxaden for barley crop is
expected to show double-digit growth rate over the forecast period.
Demand for high-quality barley by brewers is projected to boost the
pinoxaden market in the near future.
Currently, Syngenta AG holds the patent for
pinoxaden; however, the patent is likely to expire in 2020. Pinoxaden
was first launched under the AXIAL brand.
This report segments the global pinoxaden market
as follows:
Pinoxaden Market – Crop Segment Analysis
- Wheat
- Barley
Pinoxaden Market – Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
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