Global Isoxaflutole Market Size, Share, Opportunities, And Trends By Crop Type (Corn, Soybeans, Others), And By Geography - Forecasts From 2025 To 2030
- Published : Nov 2024
- Report Code : KSI061617154
- Pages : 140
The global isoxaflutole market is expected to grow at a CAGR of 5.19%, reaching a market size of US$354.231 million in 2030 from US$275.025 million in 2025.
Isoxaflutole, a synthetic isoxazole molecule, is used as a herbicide. It inhibits the enzyme 4-hydroxyphenylpyruvate dioxygenase (HPPD), which prevents pigment production and causes bleaching of the growing tissues of the target plants. Isoxaflutole regulates a broad range of bleaching, developing, or emerging weeds following pesticide absorption via the root system.
Isoxaflutole is an herbicide that inhibits the activity of ALS, also known as AHAS, in susceptible plant species. It is taken up by the leaves and stems of the target weeds when spray is applied. It travels throughout the vascular system of the plant as it translocates. Isoxaflutole selectively targets and inhibits the ALS enzyme once it is within the plant. The United States Environmental Protection Agency (USEPA) has categorized isoxaflutole as one of the reduced-risk herbicides.
What are the isoxaflutole market drivers?
- Isoxaflutole consumption receives a boost from the increased need for high-yielding crop varieties, which requires effective weed management practices to boost agricultural productivity. In line with this, the agri-food sector's contribution to the United Kingdom’s GDP in 2022 was £146.7 Billion. Farmers are pressured to generate larger yields from their limited agricultural land as the world's population rises and food security becomes a critical problem. Yields are decreased by plants such as weeds because they require the same resources such as light, nutrients, and water as the crops. Consequently, farmers look for efficient measures like fungicides or pesticides, which may control weed growth without damaging the crops.
Moreover, isoxaflutole is the perfect solution for this purpose in the regions, including various countries in the Asia Pacific, where raising crop yield is essential due to rising food scarcity. This is because it has little or no harm to the environment or any modern or efficient farming techniques. In the agricultural sector, these isoxaflutoles are used to optimize crop yield in countries where corn and soybeans are often consumed or in those that use intensive farming methods.
- Government laws and environmental concerns are crucial factors in the isoxaflutole business. Regulatory authorities such as the United States Environmental Protection Agency (EPA) and the European Food Safety Authority (EFSA) impose strict regulations to guarantee that herbicides are safe for human health and the environment. Isoxaflutole must fulfill stringent criteria for toxicity, environmental persistence, and possible impacts on groundwater and non-target species.
Environmental problems include pesticide runoff, groundwater pollution, and ecosystem damage, forcing limitations on usage and dosage in sensitive locations. The quest for sustainable agriculture, especially in areas with strong environmental legislation, promotes the development of more environment-friendly formulations and integrated pest management (IPM) approaches. This regulatory environment affects both the use of isoxaflutole and continuing efforts to mitigate its ecological impact.
Segment analysis of the isoxaflutole market:
- By crop type, corn is anticipated to be one of the fastest-growing segments in the isoxaflutole market.
Corn is predicted to be one of the fastest-growing sectors in the isoxaflutole market, owing to its worldwide relevance and increasing weed management issues. As per USDA, the United States accounted for 32% of global corn production, which comprised 389.69 million metric tonnes in the 2023/24 production year. Maize is a staple commodity in high demand for food, animal feed, and biofuel generation, notably in North and South America, where large-scale maize farming is widespread. Isoxaflutole has emerged as an important herbicide in these regions due to its efficiency in reducing resistant weed species such as Palmer amaranth and waterhemp, which have evolved resistance to popular herbicides such as glyphosate. Isoxaflutole's selective nature allows it to target weeds while causing no harm to maize, making it an important agricultural tool.
Isoxaflutole's adaptability in pre- and post-emergence applications makes it a tempting option for maize producers. This flexibility enables farmers to manage weed development throughout the growing season, minimizing the need for several pesticide treatments and labor expenses.
- Asia Pacific’s isoxaflutole market is anticipated to grow significantly.
There will be strong growth in the Asia Pacific isoxaflutole market primarily due to the increasing agricultural activity and the need for good herbicides. Agriculture in countries like China, India, and Southeast Asia is rising to effectively feed the growing population demands. For example, the agricultural production of maize in India, according to the government, in the period of 2023-2024, is 35.67 million tons.
Apart from this, broadleaf weeds and grasses have huge impacts on crop yield, so isoxaflutole is very effective in these areas due to its ability in controlling diverse species of broadleaf weeds and grasses. As the need for increased agricultural production grows, farmers in the Asia Pacific region increasingly use herbicides like isoxaflutole to preserve crops like maize and soybeans, which are extensively farmed throughout the region.
Another motivating aspect is increased understanding and implementation of sophisticated agriculture methods. ADB announced plans to invest at least $14 billion in a comprehensive support program from 2022 to 2025 to alleviate a rising food crisis in the Asia Pacific and improve long-term food security by strengthening food systems to withstand the effects of climate change and biodiversity loss.
Moreover, the resistance towards herbicides and the coming of age of modern agriculture means that the Asia Pacific countries are phasing out conventional weed control mechanisms and replacing them with highly efficient chemical weed control solutions. Population growth and advancements in genetically modified crops, especially maize, have also helped fuel the demand for isoxaflutole.
Key developments in the isoxaflutole market:
- In February 2022, the Bayer company announced thatTriVolt Herbicide has received EPA registration. TriVolt is a new selective corn herbicide that, as stated by Bayer, offers corn producers built-in resistance management, plus top-heavy weed kill.
- In December 2021, to deal with resistant weeds in cotton crops, BASF unveiled Axant Flex herbicide trait technology. Its four traits combine for what is known as a quadruple-trait herbicide stack, based on Alite 27 herbicide, a new herbicide for producers of cotton created by the company.
The global isoxaflutole market is segmented and analyzed as follows:
- By Crop Type
- Corn
- Soybeans
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of the Middle East and Africa
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Growing Demand for Corn
4.1.2. Rise in Sustainable and Precision Framing
4.2. Market Restraints
4.2.1. High Costs for Small-Scale Farmers
4.2.2. Competition from Alternative Herbicides
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL ISOXAFLUTOLE MARKET BY CROP TYPE
5.1. Introduction
5.2. Corn
5.3. Soybeans
5.4. Others
6. GLOBAL ISOXAFLUTOLE MARKET BY GEOGRAPHY
6.1. Global Overview
6.2. North America
6.2.1. United States
6.2.2. Canada
6.2.3. Mexico
6.3. South America
6.3.1. Brazil
6.3.2. Argentina
6.3.3. Rest of South America
6.4. Europe
6.4.1. United Kingdom
6.4.2. Germany
6.4.3. France
6.4.4. Italy
6.4.5. Spain
6.4.6. Rest of Europe
6.5. Middle East and Africa
6.5.1. Saudi Arabia
6.5.2. United Arab Emirates
6.5.3. Rest of the Middle East and Africa
6.6. Asia-Pacific
6.6.1. China
6.6.2. India
6.6.3. Japan
6.6.4. South Korea
6.6.5. Taiwan
6.6.6. Thailand
6.6.7. Indonesia
6.6.8. Rest of Asia-Pacific
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
7.1. Major Players and Strategy Analysis
7.2. Market Share Analysis
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Competitive Dashboard
8. COMPANY PROFILES
8.1. Sigma Aldrich
8.2. BASF
8.3. Bayer
8.4. Shandong Aokun Crop Science Co., Ltd.
8.5. Zhejiang Rayfull Chemicals Co., Ltd.
8.6. Chemos GmbH & Co., KG
8.7. Merck KGaA
8.8. Santa Cruz Biotechnology
8.9. Shanghai E-Tong Chemical Co., Ltd.
8.10. Shijiazhuang Awimer Biotechnology Ltd.
Sigma Aldrich
BASF
Bayer
Shandong Aokun Crop Science Co., Ltd.
Zhejiang Rayfull Chemicals Co., Ltd.
Chemos GmbH & Co., KG
Merck KGaA
Santa Cruz Biotechnology
Shanghai E-Tong Chemical Co., Ltd.
Shijiazhuang Awimer Biotechnology Ltd.
Related Reports
Report Name | Published Month | Download Sample |
---|---|---|
Specialty Oxidants Market Size, Share & Trends: Report, 2024-2029 | Aug 2024 | |
Bleaching Agent Market Report: Size, Share, Trends, Forecast 2030 | Nov 2024 | |
Lithium Hydroxide Market Size: Industry Report, 2023 – 2028 | Jan 2024 | |
Butylated Hydroxytoluene Market Size & Share: Report, 2024-2029 | Jan 2024 | |
Polyhydroxyalkanoate (PHA) Market Size & Share: Report, 2024-2029 | Aug 2024 |