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Global Penoxsulam Market: Snapshot 

The consistent ascent in the interest for different yields, for example, wheat, rice, and corn, is probably going to positively affect the worldwide penoxsulam advertise soon. Aside from this, the effectiveness of penoxsulam, instigated by its unrivaled synthetic properties, contrasted with different herbicides is additionally foreseen to support this market significantly over the anticipated years.

The rising number of turfs and yards is another essential factor that is relied upon to impact the interest for penoxsulam over the world in the years to come. The expansion in games grounds and fairways are likewise anticipated to add to the development of this market altogether. Be that as it may, the accessibility of substitutes and value unpredictability may make difficulties for market players throughout the following couple of years. 

The North America penoxsulam market is projected to set up a dull execution through the present decade. Europe, then again, is projected to encounter a development of the penoxsulam advertise, yet not at an entirely astounding rate. Rice is developed in a couple of European nations that experience calm atmosphere, however the accessibility of a few different herbicides is projected to probably eat into the piece of the overall industry of penoxsulam in Europe. A portion of alternate herbicides that rival penoxsulam are acetochlor, butachlor, and clomazone; however penoxsulam remains the most broadly utilized herbicide for weed control. 

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Based on the crop type, the penoxsulam market is segmented in to rice fields and water bodies. Of these, rice fields dominated the global penoxsulam market in 2013 with 85% share in the overall market. This growth is attributable to increasing application in rice fields due to low level of toxicity in penoxsulam products. The demand for penoxsulam is expected to remain same over the forthcoming years. 

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In terms of geography, the global penoxsulam market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Of these, Asia Pacific led the market in the year 2013 by accounting 55% share in overall market. Additionally, the region is expected to lead the market over the forecast period owing to rising demand for the penoxsulam in numerous developing countries such as India, Indonesia, China, and Thailand. As these countries are mainly the agriculture-based countries and demand for the crop protection is higher in the industries. 

The significant rise in the agriculture sector in the Asia Pacific is boosting the penoxsulam market. Additionally, proliferation of the construction industry in the region is also augmenting adoption of turf and driving growth of the global penoxsulam market.   

Some of the key players operating in the global penoxsulam market are The Dow Chemical Co., Bayer CropScience AG, BASF SE, Syngenta International AG, Nufarm Ltd., Monsanto Co., and Chemtura Corp. 

Penoxsulam is a post-emergence herbicide based on the acetolactate synthase (ALS) inhibitor. It is primarily used on rice crops to control broadleaf weeds. Penoxsulam is also used on grasses and certain aquatic plants. This herbicide is also useful for the removal of unwanted plants on golf courses, sports fields, and lawns. Penoxsulam is available in two grades: technical grade and liquid product grade. 
The study segments the global penoxsulam market based on key regions and crop types. The major types of crops included in the report are rice, aquatics and other applications such as turf. Crop type analysis is further provided under each region, including North America, Europe, Asia Pacific and Rest of the World (RoW). Europe includes Western (including the EU and non-EU members), Central and Eastern Europe, while RoW includes South and Central America, Africa and the Middle East. The study comprises market analysis in terms of volume (tons) and revenue (US$ Mn). It includes penoxsulam market estimates for 2014 and forecast for the period from 2015 to 2020.
The report on the penoxsulam market also covers the profile of the inventor company, Dow AgroSciences LLC, and a few other China-based manufacturers such as Shijiazhuang Xingbai Bioengineering Co., Ltd., and Hangzhou Tianlong Biotechnology Co., Ltd. Dow AgroSciences LLC launched penoxsulam in the U.S. in 2005.
Different types of crops in each region have been considered for the global average price while breaking down this market. The prices considered in the report are for technical grade. The volume of the market is for the active ingredient (Penoxsulam) and not for the carrier. The penoxsulam market has been analyzed based on expected demand. Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors and direct selling regional producers, based on manufacturer feedback and application requirement. We have used the bottom-up approach to arrive at the global market, considering individual crop type segments and integrating these to arrive at the global market. Crop type segments have been further bifurcated using the top-down approach to derive the regional product market.
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. 
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions: It provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.; helps in validating and strengthening the secondary research findings; and further develops the analysis team’s expertise and market understanding. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding as part of secondary research. Secondary research also includes a search of recent trade; technical writing; internet sources; and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings, internal and external proprietary databases relevant patent and regulatory databases, national government documents, statistical databases and market reports. Also referred are news articles, press releases and webcasts specific to companies operating in the market. Secondary sources referred for penoxsulam study include the U.S. Department of Agriculture (USDA), the U.S. Environment Protection Agency (EPA), Food and Agriculture Organization Corporate Statistical Database (FAOSTAT) and Friends of the Earth Europe (FoE Europe).
The report segments the global penoxsulam market as:
  • Penoxsulam Market - Crop Type Segment Analysis
    • Rice
    • Aquatics
    • Other Applications (Including turf, etc.)
  • Penoxsulam Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

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Penoxsulam Market

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