The butachlor market has been anticipated to grow at a rapid pace in the foreseeable years. These growth impetuses in the global butachlor market are attributed to the extensive application of industry products in rice farming. On the flip side, the dependence of the butachlor market on the Southeast Asia region for its major part in the revenue portion is estimated to limit the expansion avenues in the near future.
There has been a noticeable increase in the amount of water that is used in the farming of paddy. The toxicity of butachlor weakens with the use of water at a large amount, but it is also harmful to cause problems for the animals as well as humans around the farmlands. But, still, this factor is likely to boost the growth avenues in the global butachlor market during the forecast period.
The increasing awareness across emerging economies, for example, India related to the risks that are associated with the increasing use of butachlor has also been responsible to create the risks in the butachlor market in the near future. Further, the use of butachlor in rice is also linked to the death that is caused because of mid-day meals in the Indian rural schools. Along with this, the ecological impact of this product has been assessed in order to determine its carcinogenicity and thus put significant impact on the expansion avenues in the global butachlor market in the coming years.
Asia Pacific to Lead in Butachlor Market
In recent years, there has been a noteworthy loss of arable lands that is likely to propel the demand avenues in the butachlor market in forthcoming years. In the Asia Pacific region, a significant volume of agricultural land is redirected for industrial and commercial use. Along with this, rising urbanization across regional countries, for instance, China, Indonesia, Vietnam, and India is also predicted to ensure the continuation of the trend. Thus, on the basis of these factors, the butachlor market is projected to grow at a steady pace in the near future.