San Francisco, California, July 18, 2017: Extensive use of butachlor for rice farming is witnessed across Southeast Asia. While the demand from Southeast Asia has pumped growth in the global butachlor market, in the long run it may become an adversity. In a new report, titled “Butachlor Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” TMR Research gauges the market’s pace of gains in the recent past. It also presents refined outlook for the market between 2017 and 2025. The report compiles exhaustive information regarding the factors affecting the market’s trajectory during the forecast period. Information thus included in the report is substantiated using industry-leading analytical tools. It is therefore compiled to enable stakeholders gain a comprehensive overview of the global butachlor market.
Butachlor is a toxic substance, however, its toxicity is controlled by the gallons of water used in paddy farming. But according to experts, despite all the efforts enough toxicity is left to harm human as well as animals gazing around the farmlands. This has attracted the market negative attention from governments, especially across the emerging nations. For instance, the rising awareness about toxicity in butachlor in India and other Asian nations pose threat to the butachlor market. Moreover, the use of butachlor in rice has been linked to deaths caused due to mid-day meals across rural schools in India.
Nevertheless, the loss of arable lands have continued giving impetus to the global butachlor market. Asia Pacific has emerged as the leading consumer as a significant volume of agricultural land in emerging nations have been redirected to industrial and commercial use. Also steady urbanization witnessed in nations such as India, Indonesia, China, Vietnam, and Thailand has resulted in the loss of arable land, which is triggering growth in the butachlor market in Asia Pacific.
On the downside, the rising preference toward organic farming will act as a major challenge for the butachlor market in the forthcoming years. Organic agriculture offers benefits in terms of ecological impact, which has been a key reason in impelling more farmers to uptake organic methods of agriculture. This will remain a major restraint for the butachlor market through the forecast period.
Besides Asia Pacific, the butachlor market will gain lucrative prospects in North America. The demand for butachlor is especially high in the southern lands of Missouri and Mississippi. Besides this, the rising demand from South Africa, Central Africa, and Brazil will showcase attractive opportunities for the market. However, owing to stringent government regulations, growth will happen in the Europe butachlor market at a comparatively slower pace.
Some of the leading players operating in the global butachlor market are Shanghai Mingdou Agrochemical Co. Ltd., Shanghai Tenglong Agrochemical Co. Ltd., Syngenta AG, SinoHarvest Corporation, and Monsanto.