Penoxsulam Market Analysis and Forecasts To 2022: Grand View Research, Inc

Increasing global crop production levels coupled with surging demand for quality food products are expected to propel the penoxsulam market over the forecast period on account of its ability to control broad leaf weeds and other unwanted weeds. Penoxsulam restricts the growth of various weeds such as canary grass, ryegrass and dollar weed across the globe. It is an herbicide which is based on acetolactate synthase (ALS) inhibitor. Killing pest and weeds without affecting animal and human life is the unique characteristic of penoxsulam which is expected to augment market penetration in agriculture sector. Penoxsulam is also useful for aquatic plants. Emerging economies are witnessing changing consumer lifestyle trend driving sports fields, golf courses, gardens, forestry, lawns and agriculture field demand. This in turn is expected to drive global penoxsulam market growth on account of growing demand to obstruct weed growth over the forecast period. Penoxsulam is also expected to be preferred over traditional herbicides on account of its grander chemical property and remarkable performance. Additionally, low environment impact as compared to conventional herbicides makes it one of the best suited solutions for high quality crop production as compared to alternatives.

The report Penoxsulam Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022 is available now toGrand View Researchcustomers and can also be purchased directly at

Global penoxsulam market has been segmented on the basis of crop types and grades. On the basis of crop type the market has been segmented into turf, rice and aquatics. On the basis of grade, liquid product and technical grade are the two commercially available penoxsulam grades globally.

Asia Pacific was the leading region holding the major penoxsulam market share on account of huge demand from developing countries including India, China and Indonesia. Countries such as New Zealand, Japan, Indonesia, China, Australia, India and Malaysia are the major rice crop producers on account of which huge penoxsulam can be predicted from these countries over the forecast period. North America and Europe is expected to witness significant growth on account of stringent food regulations coupled with increasing health concerns in the region.

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