A new report has been published by Transparency
Market Research titled “Isoxaflutole Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.
TMR, a market intelligence company based in the United States, says
in its report that the isoxaflutole market was valued at US$ 116.3
million in 2013 and is expected to reach US$ 163.0 million by 2020,
expanding at a CAGR of 5.1% from 2014 to 2020. In terms of revenue,
the global isoxaflutole market stood at 2569.5 kilo tons in 2013.
Isoxaflutole originated in 1996 under the distinctive label of
Balance by Rhône-Poulenc Ag Company. The company entrenched its
chemicals business division as an independent company named Rhodia in
the year 1997 and it was purchased by Solvay SA in 2011. According
to this report, isoxaflutole is extensively used in the production of
vegetable crops such as sugarcane and maize.
This 30 page report gives readers a
comprehensive overview of the Isoxaflutole market. Browse Market
Research Report @
Momentous manufacturing of these food sources in
developing economies including Brazil and developing regions such as
Asia Pacific is likely to expand the isoxaflutole market over the
next few years in these provinces. A few of the leading companies
employed in the manufacturing and buying of isoxaflutole include E.
I. du Pont de Nemours and Company and Bayer CropScience. Bayer
CropScience manufactures isoxaflutole under the distinctive label of
Balance and Merline.As per the TMR report, isoxaflutole demanded
globally in vegetable crops comprised approximately 90% of the market
share in 2013.
The vegetables such as sugarcane and corn are the
only harvest that expends isoxaflutole herbicide. Sugarcane has
depleted in a number of applications such as bio-fuels and food. The
manufacture of sugarcane is associated to a variety of communal and
ecological factors. Nevertheless, its production has immensely
aggrandized due to the advancement in domiciliary support measures
accompanied with highly regulated trade. These aspects have
additionally encouraged the usage of isoxaflutole herbicides for
plant production.
Geographically, the market is segmented into North
America, Europe, Asia Pacific, and Rest of the World (RoW). Asia
Pacific was among the topmost in demand for isoxaflutole, accounting
for approximately 30% of the comprehensive market in 2013. The high
demand for isoxaflutole in the region is contributed by the
large-scale production of vegetable crops such as sugarcane and maize
in the region.
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Due to the ascending demand for food, the
production of these kinds of crops has been expanding in the region.
This is the reason and the main component responsible for the
increasing exhaustion of herbicides such as isoxaflutole for
applications used in crop protection. This herbicide is exclusively
used in the above mentioned crops and also in some other peculiar
fruit crops. Insistence for Isoxaflutole is less in North America and
Europe due to minimized production of sugarcane and maize in these
regions.
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