Unrivalled Synthetic Properties of Penoxsulam to Drive Penoxsulam Market Growth

Penoxsulam can be defined as a systemic pesticide, that is highly effective against various weeds. It is mainly used against grass weeds and broadleaf weeds. One of the primary reasons behind the growth of the global penoxsulam market is increase in demand for the agricultural food across the world. This is mainly due to significant rise in vegan population. Apart from this, increase in number of lawns and society play ground is another factor expected to drive the global penoxsulam market in the coming few years. This can be attributed by the fact that lawns and play ground has grasses in their premises and this require the need of effective penoxsulam to maintain. Likewise, we have mentioned several other factor which are expected to fuel the demand for the penoxsulam in the coming few years, have a look-

Get Sample Copy of this Report @ 

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=182

• Rise is world population is increasing the demand of food, rice being a staple food is a prominent factor behind the growth of the global penoxsulam market. Significant boost in rice eating population is likely to remain a key driver for the global penoxsulam market in the coming years.

• Further, rise in number of sports stadiums and increasing expenditure on the maintenance are the two prominent factor expected to propel the penoxsulam market.
• Furthermore, penoxsulam is considered as a less harmful than other pesticide available in the market. Due to this, consumers are opting for penoxulam than other chemicals. This is another factor expected to boost the penoxsulam market.

• Additionally, population growth has led to an increase in food production, which has driven demand for crops such as rice, wheat and corn, which is expected to have a positive impact on the demand for penoxsulam.

Get Sample Copy of this Report @ 

https://www.tmrresearch.com/penoxsulam-market

• Apart from this, increasing awareness of the penoxsulam, unrivaled synthetic properties and favourable governmental policies are foreseen to support the penoxulam market over the anticipated years.

Penoxsulam Market – Regional Analysis & Forecast 2017 – 2025

Global Penoxsulam Market: Snapshot

Penoxsulam is an essential part of sulfonamide-based herbicides. The global penoxsulam market has taken up a significant role in the global herbicide market in recent years due to its rising demand in rice plantations. Penoxsulam is a systemic pesticide and is highly effective against various weeds, including grass weeds and broadleaf weeds. This makes penoxsulam-based pesticides perfect for use in residential plantations as well as commercial sports complexes and farms.

The prime driver for the global penoxsulam market is the rising demand for rice across the world. Being a staple food almost across the world, the global rice market has benefited from the steady rise in urban population in recent years and is thus likely to remain a key driver for the global penoxsulam market in the coming years. The increasing demand for well-maintained lawns in residential and commercial buildings is also likely to remain a major driver for the global penoxsulam market in the coming years. The rising number of sports stadiums and the increasing expenditure on their maintenance is also likely to benefit the global penoxsulam market.

Request Sample Copy of the Report @

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=182

Asia Pacific is likely to be a major mover in the global penoxsulam market in the coming years. Countries in Southeast Asia, such as India, Bangladesh, Indonesia, China, Thailand, and Vietnam are leading producers of rice, leading to a steady rise in the demand for penoxsulam. China and India collectively account for around 50% of the demand for penoxsulam in Asia Pacific and are likely to remain important regional markets for penoxsulam due to the steady growth of their agriculture sector.

Global Penoxsulam Market: Introduction

Penoxsulam is one of the active ingredients present in a sulfonamide-based herbicide produced by Dow AgroSciences, a subsidiary of The Dow Chemical Company. The herbicide containing penoxsulam is sold under a variety of brand names, including SC Granite and Granite and is used on rice crops in the United States. In addition, penoxsulam is sold under a variety of brand names in other countries, such as Viper in Europe, Ricer in Brazil and Argentina, Fencer in China, Rainbow in Egypt and Clipper in Vietnam and Indonesia. Penoxsulam is an off-white solid having a musty odor. It is soluble in water and acetonitrile. The herbicide was initially introduced for rice fields and is capable of destroying a wide range of pest weeds and grasses that are found in wet environments.

Penoxsulam is primarily a systematic herbicide that disrupts the growth of weeds internally, thus killing them in the process. It is employed to control the growth of broadleaf, grass weeds, and sedge in transplanted water seeded and dry seeded rice. Moreover, penoxsulam is also effective against a wide range of broadleaf weeds in turfs including sports fields, golf courses, sod farms, and residential and commercial lawns. It is also a registered herbicide employed for aquatic weed control in the U.S. It is distributed by the company SePRO under the brand name Galleon.

Request TOC of the Report @

https://www.tmrresearch.com/sample/sample?flag=T&rep_id=182 

Global Penoxsulam Market: Top Drivers and Trends

The key driver of the global penoxsulam market currently, is its use as an herbicide. It is employed by farmers globally to prevent the growth of weeds among a wide range of crops including rice, wheat, and corn. In addition, the demand for penoxsulam is expected to increase over the coming years due to the growing number of turfs and lawns globally. The growing number of residential and commercial lawns is expected to boost the global penoxsulam market over the next few years. Moreover, the growing number of sports grounds and golf courses – especially in the U.S. – is expected to drive the global penoxsulam market during the forecast period.

Global Penoxsulam Market: Regional Analysis

The key regions included under the global penoxsulam market are North America, Europe, Asia Pacific and the rest of the world. The demand for penoxsulam has been exceptionally high in North America, owing to the growth of its farming activities. The region is facing a high pressure to increase yield while facing a reducing overall area to farm in.

Asia Pacific follows North America in terms of the overall demand volume for penoxsulam. The swiftly growing agricultural sector in Asia Pacific – especially in emerging countries such as India – is likely to boost the global players in the penoxsulam market over the given forecast period. In addition, the growth in the construction activity and the increasing number of turfs in India, China, and Indonesia is anticipated to drive the demand for penoxsulam in the coming years.

Read Comprehensive Overview of Report @

https://www.tmrresearch.com/penoxsulam-market

Global Penoxsulam Market: Companies Mentioned in the Report

The key companies of the global penoxsulam market that have dominated in various segments and regions so far, include The Dow Chemical Company, Bayer CropScience AG, BASF SE, Syngenta International AG, Nufarm Ltd., Monsanto Co., Chemtura Corp, and Nufarm Ltd.

Global Penoxsulam Market: Rice Demand Surging Globally

San Francisco, California, August 17, 2017: TMR Research discusses the numerous facts and figures revolving around the supply, demand, and market opportunities for the penoxsulam, the herbicide, in “Penoxsulam Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” The chemical is a core component for herbicides that include sulfonamides. It is a systemic herbicide known for its effective eradication of numerous types of weeds, such as broadleaf weeds and grass weeds. Penoxsulam is very commonly used across various plant growing avenues, ranging from farms and plantations to residential plantations and commercial complex farms.

Currently, one of the leading factors driving the demand in the global penoxsulam market is the growing demand for rice across the world. Penoxsulam is widely popular for its effectiveness in removing weed harmful to rice crops, while leaving the rice crops unaffected. The demand for rice, meanwhile, has been expanding along a sharp curve, owing to the growing global population, as well the growing proportion of demand for rice and rice products from the urban consumer pools across key regions. Apart from this, the global penoxsulam market is also benefitting from the growing number of gardens and lawns in residential and commercial areas, as well as the growth in the number of sports complexes and stadiums in the world.

Penoxsulam is an active ingredient contained in a sulfonamide based herbicide, which is primarily manufactured by Dow AgroSciences. Apart from Dow, penoxsulam is also manufactured under different names such as SC Granite, which is largely found in the U.S.

Regionally, Asia Pacific has so far been the dominant consumer in the global penoxsulam market, owing to the high percentage of rice consumption in its key countries. Nations such as India, China, Vietnam, Bangladesh, and many others from the Asia Pacific markets take up rice as a staple food and include it in a large number of preparations as well as for regular consumption. In the recent past, China and India collectively took up nearly half the total penoxsulam consumed in Asia Pacific.

North America and Europe are also expected to show a significant rise in the demand for penoxsulam owing to a growing consumption of rice as well as the growing trend of home agriculture and gardens.

The leading players in the global penoxsulam market so far, have included The Dow Chemical Company, Bayer CropScience AG, BASF SE, Syngenta International AG, Nufarm Ltd., Monsanto Co., Chemtura Corp, and Nufarm Ltd.

Click on the link below to request a sample copy of the report

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=182