Global Penoxsulam Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Crop Type;

Rice, Aquatics and Turf.

By Product Type;

Concentrated liquid and Granules.

By Application;

Agrochemical, Fertilizer, Pharmaceutical, Food Additive, Biochemical, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn203408132 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Penoxsulam Market (USD Million), 2021 - 2031

In the year 2024, the Global Penoxsulam Market was valued at USD 390.74 million. The size of this market is expected to increase to USD 546.15 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.

The global penoxsulam market is experiencing notable growth due to its effective use as a herbicide in a variety of crops. Penoxsulam, a selective systemic herbicide, is widely used to control a range of problematic weeds in rice paddies and other crops. Its ability to target specific weed species while minimizing damage to desirable plants makes it a valuable tool in modern agriculture, contributing to its increasing adoption across various regions.

Advancements in agricultural practices and crop management have driven the demand for penoxsulam. The herbicide's efficacy in controlling resistant weed species and its favorable environmental profile, which includes low toxicity to non-target organisms, enhance its appeal to farmers and agricultural professionals. Additionally, the development of more efficient application methods and formulations has further expanded its use in different farming systems.

The growing global population and the need for enhanced agricultural productivity are significant drivers for the penoxsulam market. As the demand for food increases, farmers seek effective solutions to manage weed infestations and improve crop yields. Penoxsulam's role in integrated weed management strategies and its compatibility with other herbicides and farming practices support its growing adoption in crop protection programs.

Regional dynamics also influence the global penoxsulam market. North America and Europe are key markets, driven by advanced agricultural technologies and stringent regulatory standards for herbicide use. In contrast, the Asia-Pacific region, particularly countries like China and India, is experiencing rapid growth due to expanding agricultural activities and increasing focus on efficient crop protection methods. As these regions continue to develop and modernize their agricultural practices, the demand for penoxsulam is expected to rise accordingly.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Crop Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Penoxsulam Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for effective weed control solutions
        2. Advancements in agricultural practices
        3. Need for enhanced crop productivity
      2. Restraints
        1. High cost of herbicide formulation
        2. Regulatory restrictions and approval processes
        3. Potential for weed resistance development
      3. Opportunities
        1. Expansion in emerging agricultural markets
        2. Development of new formulations and application methods
        3. Integration with other crop management practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Penoxsulam Market, By Crop Type, 2021 - 2031 (USD Million)
      1. Rice
      2. Aquatics
      3. Turf
    2. Global Penoxsulam Market, By Product Type, 2021 - 2031 (USD Million)

      1. Liquid Concentration

      2. Granules

    3. Global Penoxsulam Market, By Application, 2021 - 2031 (USD Million)

      1. Agrochemical
      2. Fertilizer
      3. Pharmaceutical
      4. Food Additive
      5. Biochemical
      6. Others
    4. Global Penoxsulam Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. `Company Profiles
      1. DOW
      2. Bayer AG
      3. BASF SE
      4. Syngeta
      5. Nufarm
      6. Monsanto Company
      7. Lanxess
      8. Sumitomo Chemical
      9. UPL
      10. Shijiazhuang Xingbai Bioengineering Co.ltd
      11. Hangzhou Tianlong Biotechnology
  7. Analyst Views
  8. Future Outlook of the Market