February 24, 2024
Pyroxasulfone Market

Pyroxasulfone Market Propelled By Increased Usage In Agricultural Applications

Pyroxasulfone is an pre-emergence herbicide used for controlling weeds in agricultural crops. It works by inhibiting the synthesis of very long chain fatty acids in weeds, leading to uncontrolled growth and death. Pyroxasulfone has broad spectrum weed control and residual activity. It provides cost effective and sustainable weed management in major crops like cereals, vegetables and fruits. The global Pyroxasulfone Market is estimated to be valued at US$ 150 million in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key Trends:

Increased usage in agricultural applications: Pyroxasulfone has gained widespread acceptance among farmers globally due to its effectiveness in controlling a wide range of grassy and broadleaf weeds. The compound works through the root system of weeds and provides long lasting residual activity. With increasing pressure to boost agricultural productivity and meet growing global food demand, pyroxasulfone consumption is expected to rise substantially in crop applications over the forecast period. The ability of pyroxasulfone to control difficult to control weed species has led to higher demand from large scale commercial farms. Favorable regulations pertaining to its usage along with support initiatives by agrochemical manufacturers are furtherexpected to drive the pyroxasulfone market in coming years.

SWOT Analysis

Strength: Pyroxasulfone is effective at controlling weeds and has a new mode of action, lowering resistance risk. It has soil residual activity that provides extended pre-emergence control of grass and broadleaf weeds.

Weakness: Pyroxasulfone is mostly effective against grass weeds. Some broadleaf weeds may require tank mixes for control. Product labels have restrictions on crop rotation intervals that limit flexibility.

Opportunity: As weed resistance increases globally, pyroxasulfone provides an alternative mode of action for resistance management. Demand will increase asgrowers look to incorporate new herbicide options in their programs.

Threats: Regulatory restrictions and delays in product approvals could slow market growth potentials. Price and performance competitiveness compared to existing herbicide options also impact demand.

Key Takeaways

The global Pyroxasulfone Market Growth is expected to witness high growth over the forecast period of 2024 to 2031.

The North America region currently dominates the market owing to rising consumption in major countries like the US and Canada due to extensive corn and soybean cultivation. Factors such as increasing glyphosate-resistant weed infestations are driving growers to adopt new herbicide options like pyroxasulfone for effective resistance management.

Key players operating in the pyroxasulfone market are Nufarm, BASF, Dow AgroSciences, and Syngenta. These companies are focusing on new product launches and expanding distribution networks globally to strengthen their position. For instance, Nufarm markets the pyroxasulfone-based herbicide Zidua in major markets. The product has garnered strong sales owing to its dual-mode action that controls both grass and broadleaf weeds with soil residual activity.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it