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Global Propanil Market Size & Share, 2023 | Industry Research Report

Propanil Market Size Analysis, Segmentation, Industry Outlook and Forecasts, 2018 - 2023

Report ID: MN17619310  |  Published: September 2018  |  No of Pages: 102
Format: Electronic (PDF)  |  Industry: Chemicals  |  Publisher: XYZResearch

The global propanil market is anticipated to exhibit a healthy CAGR during the forecast period (2018 to 2023), according to a report available on Million Insights. Propanil is an herbicide that is mostly used on paddy crops. Being a contact herbicide, it is usually applied to parts of a plant over ground level such as foliage. It does not affect rice as the crop is immune to the chemical. Rice contains enzyme aryl acylamidase (AAA) that metabolizes propanil to a nontoxic 3, 4-dichloroaniline.

Growing need for advanced farming techniques to increase crop yield and quality is anticipated to propel market growth. Herbicide is considered as one of the most effective solutions to reduce growth of unwanted weeds plats among crops. These weeds are likely to damage soil and reduce crop yield. Increasing use of herbicides by farmers to protect crops from fungal infections is driving the market. In addition, rising demand for high quality rice in many regions across the globe is also driving demand for propanil. Being a selective herbicide, propanil hardly affects rice but other unwanted plants. A temporary yellowing or tip burn can be there but fresh growth is normal. However, if the product is applied when rice is under stress, the chemical is likely to partially damage the crop and burn leaves severely.

To cater to rising demand, manufacturing companies are investing in R&D to develop advanced products. For instance, Willowood offers Propanil 4EC as a suspension concentrate to control development of weed in rice. It is not a hormone-type herbicide, but it can inhibit weed growth through direct contact.

Product Insights:

Based on product, the propanil market can be bifurcated into propanil preparation and propanil technical toxicant. Propanil technical toxicant segment is expected to account for highest market share over the forecast period. This is attributed to ability of propanil to build up toxic substance inside the weeds and to eliminate them eventually. In addition, rapid degradation of the herbicide into 3,4- dichloroaniline (DCA) is likely to impel segment’s growth. Under real atmospheric conditions, the half-life of the chemical compound in soil is less than 5 days.    

Application Insights:

On the basis of application insights, the propanil market can be classified into crab grass, redroot amaranth, barn grass, and paddy. Paddy segment is anticipated to account for highest market share over the forecast period. This is attributed to rising demand for high quality rice across the globe and increasing use of herbicides by farmers to inhibit growth of weed. Propanil develops toxic substance inside weeds and eventually destroys the plant.

Regional Insights:

Regional segmentation includes Asia Pacific, Europe, North America, Latin America, and Middle East and Asia. Asia Pacific holds highest market share and is expected to dominate the market over the forecast period. This is attributed to increase in population in countries such as India and China. In addition, growing adoption of advanced agricultural techniques by farmers in developing countries is expected to impel regional growth. Farmers are aware about the benefits of using herbicide on paddy crops, especially rice. Moreover, increasing production and consumption of rice in China, India, Japan, and others will drive regional market growth.

Latin America, on the other hand, is expected to second Asia Pacific in terms of market over the forecast period. This is attributed to growing adoption of rice as staple food in the region. Around 26 countries in the region are growing rice to match consumer demand in the region. Brazil is expected to be the biggest producer of rice. This is attributed to suitable weather conditions of the country such as high rainfall and wetlands. In addition, increasing use of advanced production systems is expected to encourage development of improved pastures and to reduce pressure for food production.

Some of the key players in the propanil market are Bharat Group, Bayer CropScience Limited, Kenvos Biotech Co. Ltd., Westrade Guatemala S.A., and Willowood USA.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Propanil in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Propanil market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Monsanto
• Hegang City TH-UNIS Insight Co., Ltd.
• Xuxiang Heyou Chemical Co., Ltd.
• Shenyang Harvest Agrochemical Co., Ltd.
• Kingquenson Group
• Shandong Weifang Rainbow Chemical Co., Ltd.
• Shijiazhuang Lida Chemicals

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Propanil Technical Toxicant
• Propanil Preparation

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Propanil for each application, including
• Redroot Amaranth
• Crab Grass
• Barn Grass
• Others

 

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