Pinoxaden Market: Snapshot

The evolution drive for pinoxaden for wheat and barley stems from the need for an effective integrated weed management herbicide. Worldwide, the use of pinoxaden has gathered steam in post-emergence herbicide used for the control of annual grass weeds in various cereal crops, including in wheat and barley. It is effective in early and late stages of growth and is found to be effective in Poa (meadowgrass), Setaria (foxtails), Avena (wild oats), Phalaris (canary grass), Alopecurus (blackgrass), Apera (bentgrass), and Lolium (ryegrass). A growing body of toxicity data over the past few years stress the fact that pinoxaden has a low order of acute toxicity to various routes of exposure. Their use as an herbicide has also indicated that it poses minimal risk to dicotyledonous terrestrial plants.

Growing need for improving the agricultural yield of wheat and barley on feeding the rising population is a key trend shaping the contours of the growth in the pinoxaden market. Globally, the losses of the agriculture production from wheat and barley due to annual and perennial weeds are huge. The increasing trend of herbicide resistance in crops driving is bolstering the need for improving herbicide formulations, boosting the prospects of the pinoxaden market.

The global pinoxaden market stood at US$385.4 mn in 2013. Clocking a CAGR of 12.3% during 2014 and 2020, the market is expected to reach valuation of US$862.2 million.

The report on the pinoxaden market segments the market based on type of crop and region parameters. 

Focus on Sustainable Wheat Production Reflects on Growing Application to the Crop Type

Among the two major types of crops, wheat leads the global pinoxaden market by a large margin—it accounts for more than 80% presently. In coming years, the share is expected to increase, at least until 2020. World over, herbicide-resistant weed populations has impeded the realization of sustainable wheat production systems. Coupled with this, there is a veritable lack of herbicide-resistant technologies in wheat.

Meanwhile, the demand for pinoxaden is expected to grow at a noteworthy pace—in doubt digits year-over-year. A big impetus comes from the growing demand for high-quality barley among brewers.

Europe the Leading Region, Asia Pacific Holds Massive Revenue Potential

The various regional segments in the pinoxaden market are North America, Europe, Asia Pacific, and the Rest of the World. Of these, Europe held the major share in 2013. Currently, it is used in more than 65% of the overall barley production. Over the past few years, numerous countries have been at the forefront of sizable consumptions of pinoxaden, notably in Germany, France, and Russia. The uptake is expected to remain sizable in coming few years as well.

Trailing the Europe pinoxaden market is North America. Growing demand in herbicide resistant crops is cementing the potential of the regional market.

Meanwhile, Asia Pacific is emerging as a notably lucrative region in the pinoxaden market. Increasing adoption of herbicides to advance sustainable production of wheat and barley is catalyzing lucrative opportunities for producers and market players. Economies in the region are espousing the employment of sustainable production methods, including the use of effective and environmentally friendly weed control herbicides.

 
Pinoxaden is a grass-weed herbicide, which inhibits the synthesis of membrane lipids. This results in desiccation of the target grass. Globally, it is used for against wheat and barley weeds such as Apera (bentgrass), Lolium (ryegrass), Alopecurus (blackgrass), Avena (wild oats), Phalaris (canary grass), Poa (meadowgrass) and Setaria (foxtails). Spring and winter wheat and barley are the major target crops across the globe. Pinoxaden is usually applied at a rate of 36-62 g a.i/hectare, depending upon the region and target grass species. It can be applied during early to late growth stages. Pinoxaden is primarily used along with safeners such as cloquintocet-mexyl and clodinafop-propargyl.
 
Demand for pinoxaden is expected to rise in the near future due to growing need for higher yield of grains, led by increasing population, coupled with the subsequent need for supply of food. Globally, the loss of wheat and barley due to weeds stands at 20% to 40% on an average in a year. Thus, demand for pinoxaden is rising globally, as it acts as an excellent grass-weed control herbicide. However, high prices of pinoxaden are estimated to hamper market growth. 
 
The report includes market estimates and forecast of pinoxaden from 2013 to 2020 in terms of volume and revenue. The market has been forecast for the period between 2014 and 2020, considering 2013 as the base year. The market has been analyzed in terms of volumes in tons and revenue in US$ Mn. The global pinoxaden market has been further analyzed by crop segments into wheat and barley. The pinoxaden market has been analyzed based on expected demand. The market data for each segment is based on demand volumes and corresponding revenues. 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. The market analyzes each crop segment at the global as well as regional level. The global market is segmented into various geographical regions as North America, Europe, Asia Pacific and Rest of the World (RoW). RoW includes Latin America, the Middle East and Africa. Each of these regions has been analyzed by crop type from 2013 to 2020. 
 
Extensive secondary research was conducted to estimate market data. Secondary research includes a search of recent trade, technical writing, internet sources, investor presentation, and statistical data from government websites, SEC filings, trade associations and agencies. Findings from secondary research are validated through primary interviews with a wide range of key industry participants and opinion leaders. Major secondary sources referred for this study include The U.S. Department of Agriculture (USDA), The U.S. Environmental Protection Agency (EPA), The European Food Safety Authority (EFSA), Friends of the Earth Europe (FoE Europe), Food and Agriculture Organization Corporate Statistical Database (FAOSTAT), AgroNews, company annual reports, and magazines. This has proven to be the most effective, reliable and successful method for obtaining accurate market data, capturing industry participants’ insights and recognizing business opportunities. The global pinoxaden market was estimated and forecasted through the top-down approach for each geographic region and bottom-up approach for each crop segment. 
The report includes the company profile of Syngenta AG that focuses on overview, financial summary, business strategy and recent developments.  
 
This report segments the global pinoxaden market as follows:
  • Pinoxaden Market – Crop Segment Analysis
    • Wheat
    • Barley
  • Pinoxaden Market – Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

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Pinoxaden Market

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