Global Penoxsulam Market Is Anticipated to Reach Us$ 355.6 Mn in 2020, Expanding at a Cagr of 5.1% by 2020

Transparency Market
Penoxsulam Market for Rice, Aquatics and Other
Applications - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020

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37 Page Report

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Global Penoxsulam Market: Looming Patent Expiry
Threatens Market’s Expansion, but Creates Scope for Entry
of New Players, Says TMR
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Penoxsulam Market

Penoxsulam Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Invented by DowAgroSciences LLC, Penoxsulam is a major rice herbicide used across the world. Hangzhou
Tianlong Biotechnology Co., Ltd., and Shijiazhuang Xingbai Bioengineering Co., Ltd., besides Dow
AgroSciences LLC currently hold dominance in the market’s competitive landscape, finds Transparency Market
Research (TMR) in a new study.
Desirable qualities of penoxsulam such as flexibility in terms of being usable in both terrestrial and aqueous
environments and its ability to protect crop against weed without harming fauna or animals will encourage
farmers to invest in this herbicide. While this may impel growth in the global penoxsulam market, not much
change is likely in the vendor landscape. Besides profiling the aforementioned companies, the report also
profiles other strong contenders in the global penoxsulam market such as Bayer, BASF, DuPont, and
Sumitomo Chemical.
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The global penoxsulam market is projected to expand at a CAGR of 5.1% between 2014 and 2020 to reach
US$355.6 by the end of 2020. The market stood at a valuation of US$253.7 mn in 2013. Regionally, Asia
Pacific dominated the global market with a share of 58.6% in 2013. In terms of crop share,...