Global Acetochlor Market - 2022-2029

Market Overview:

The global acetochlor market is valued at USD XX million in 2021 and is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Acetochlor is an organic herbicide that belongs to the chloracetanilide family. Acetochlor, also known as Azetochlor, is a pre-emergent selective herbicide used to control grasses, particularly on corn crops. It's a systemic herbicide that works by inhibiting protein synthesis and causing metabolic dysfunction in the weeds. Acetochlor herbicide is absorbed largely by sprouting stem shoots and, to a lesser extent, by roots in weeds growing on pre-planted arable agricultural land.

Market Dynamics:

Increasing demand, owing to its advantages

Acetochlor herbicides are typically employed as selective herbicides against grasses, sedges, and some broadleaved weeds. Acetochlor kills weeds by stopping seedling shoots from growing. To be effective, it must be administered before weeds develop. Therefore, it is usually applied just before or after planting. Acetochlor is effective against most annual grassland weeds and a few annual broadleaf weeds. To achieve "broad-spectrum" weed control, it is frequently used with other herbicides. With acetochlor, atrazine is the most common premix partner. To be effective, it must be administered before weeds develop; therefore, it is usually applied just before or after planting. Corn growers in the United States and sugarcane and soybean farmers in other parts of the world utilize them extensively. When used in regulated levels, acetochlor herbicide has been approved by the US Environmental Protection Agency (EPA) as an alternative for ecologically damaging herbicides. In a variety of herbicide formulations, it is the active component. The market for acetochlor herbicide is being driven by mounting food security concerns for the world's fast-growing population and shrinking arable land. Farmers are under pressure to boost yields to meet global demand.

Market Segmentation:

Cotton segment is anticipated to expand at a CAGR of XX%

Based on the application, cotton held the highest market revenue share of XX% in 2021. Cotton is one of India's most important commercial and fiber crops. In terms of area and production, India is the world's leader. Cotton is an important crop worldwide because of its many uses as fiber, feed, food, industrial items, and the demand of a large population. Cotton appears to be a more troublesome crop than other crops due to its higher insect pest impact. Although the introduction of BT cotton can alleviate the pressure of insect assault, long-term weed control has become a major concern. Among the several yield-limiting variables in cotton, weed infestation appears to be the most prevalent, requiring specific attention for improved crop productivity.

Cotton is more vulnerable to weed assault due to larger fertilizer treatments, slower early development, and wider spacing. Controlling weeds in cotton is therefore critical. Weed control is critical in the cotton crop because weeds limit cotton production, degrade lint quality, and shelter insect pests. Warrant® Herbicide is a microencapsulated acetochlor formulation used in cotton pre-plant, planting, preemergence, and postemergence. In cotton, 1.5 quarts per acre is advised, and two applications per season are possible. Crop harm is most commonly caused by preplant or preemergence use of this product in conditions that do not encourage adequate crop growth or generate stress or in waterlogged conditions caused by heavy irrigation or rainfall.

Geographical Penetration:

Asia Pacific is expected to be the fastest growing region during the forecast period

The Asia Pacific is the world's largest acetochlor herbicide user because of high herbicide product sales to the region's enormous population. China, India, and Indonesia are the largest consumers of acetochlor herbicides for use in a range of crops. Countries with large populations, such as China and India, are rapidly expanding, and the resident population is becoming more prosperous. As a result, demand for food grains is predicted to rise, as is demand for acetochlor herbicide. Due to the availability of inexpensive labor and land and comparably permissive chemical requirements and regulations, major market participants have established production facilities in Asia.

North America is another important user of acetochlor herbicide, particularly in the well-irrigated southern land of Mississippi, Missouri, and other corn-growing areas of the United States. Brazil, South Africa, and Central Africa contribute significantly to the market's demand in the rest of the world. Brazil is one of the world's top corn and sugarcane producers, making it a lucrative market for acetochlor herbicide manufacturers. Due to strict government controls over potentially dangerous agrochemicals and a general trend among farmers toward sustainable organic farming techniques, Europe is predicted to grow slower than the rest of the globe.

Competitive Landscape:

The acetochlor market is extremely consolidated at the worldwide level, with a few multinational players controlling a large portion of the industry. Herbicides have reached saturation in developed countries, but demand in underdeveloped countries is expected to rise. The identified top players have a substantial presence in the worldwide herbicides market. BASF (Germany), DowDuPont (US), Monsanto (US), Syngenta (Switzerland), FMC Corporation (US), Arysta (US), Nufarm Ltd. (Australia), Nissan Chemical Industries (Japan), and Drexel Chemical (US) are some of the key competitors in the market.

COVID-19 Impact: Negative impact on the global acetochlor market

The pandemic's emergence has had a detrimental influence on the worldwide market due to other socio-economic developments due to the pandemic. Lockdowns have caused a halt in the manufacturing of specialty herbicides in several key specialty herbicide-producing regions, resulting in a decrease in overall production. The supply chain for these fertilizers has been interrupted by global trade restrictions imposed by several countries; however, conditions are likely to improve in the following months as limits are eased. Due to the slowing economy in developing economies, demand for water-soluble fertilizers may continue sluggish in the coming months. As a result, if demand for high-end agricultural products declines, farmers will spend less on costly agricultural inputs. However, as a result of a predicted increase in demand for high-quality herbicide inputs to address the issue of food security, herbicide demand is expected to climb dramatically in the coming years. Demand for nutrient-dense foods like fruits, vegetables, and nuts is predicted to rise due to the pandemic prompting people to adopt a healthier lifestyle and improve their immune systems. Specialty herbicide will profit from the rising demand for premium agricultural products in the coming years.

Why Purchase the Report?

Understand the current market scenario and viability of global acetochlor market over the forecast period

Visualize the composition of the global acetochlor market in terms of type, and application to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global acetochlor market - Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global acetochlor market report would provide an access to approximately 55 market data tables, 45 figures and 180 pages

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