Global Metolachlor Market - 2023-2030

Overview:

Global Metolachlor Market reached US$ 516.4 million in 2022 and is expected to reach US$ 690.9 million by 2030, growing with a CAGR of 3.6% during the forecast period 2023-2030.

Metolachlor herbicide is applied for overall weed control in agricultural meals and feed vegetation to protect the plants from damage. The escalating production of row vegetation which includes wheat, rice, maize, and different plants is using the demand for metolachlor, thereby fueling the market increase.

According to the International Grains Council in 2022-23, worldwide wheat manufacturing is projected to attain 770 million tonnes, a decrease from 781 million tonnes in 2021-22, with 195 million tonnes available for change. Due to this decline in manufacturing caused by the absence of a modern solution for crop weed management, there is a want for the improvement of imaginative treatments to create an opportunity for manufacturers to supply metolachlor products in the course of the forecast period.

Dynamics:

Increasing Crop Production With Decline the Arable Land

Metolachlor plays an essential role in improving crop yield at equal cultivable land as it correctly controls the more weeds by means of inhibiting the manufacturing of lengthy-chain fatty acids. The discipline of agriculture has experienced rapid growth in recent years, but this enlargement has mainly been fueled by way of a growth in productivity in line with unit region instead of through expanding the cultivated land. Moreover, there has been a decline in the availability of arable land, which necessitates a revolution to boost agricultural output.

According to the USA Department of Agriculture (USDA), the entire land region used for farming inside the United States has reduced by 1,300,000 acres in comparison to 2020, attaining a complete of 895.3 million acres. The maximum tremendous exchange determined in 2021 is that producers in the Sales Class $1,000 - $9,999 class operated on 640,000 fewer acres compared to the preceding year. As a result, the demand for metolachlor is projected to noticeably boost to be able to crop productiveness regardless of the decline in to be had arable land and to make sure crops receive sufficient nutrients. This surge in demand will boost the expansion of the market at a certain period during the forecast period.

Rising Demand for Fruits and Vegetables

Asia Pacific, which is predicted to be the metolachlor market with the highest rate of development, is likely to benefit greatly from the expansion of the agriculture sector, especially as a result of the increased demand for fresh vegetables and fruits. In addition, agricultural methods like crop rotation, no-till farming, and weed resistance have an impact on the usage of herbicides like metolachlor. More so than customer demand for fruits and vegetables, these variables have a direct influence on the use of herbicides.

The demand for metolachlor is also anticipated in emerging countries like China and India because of the growing requirement for greater yields and to meet the population's growing demand for fruits and vegetables. According to the National Horticulture Board's guide National Horticulture Database, India produced 204.84 million metric tonnes of greens and 107.24 million metric tonnes of culmination in 2021-2022. Fruits were grown on an area of 7.05 million hectares, at the same time as veggies had been grown on an area of 11.35 million hectares.

Availability of Substitute Products

Metolachlor is applied in the foliar spray application to save the root systems of plants from being invaded by way of not unusual weeds. This results in a boost in the production of crops. However, the growth of mesotrione, terbuthylazine, and different markets poses a great obstacle to the increase of the metolachlor market. The alternatives to metolachlor, along with mesotrione, terbuthylazine, and others, possess similar or even superior beneficial attributes.

For instance, Basf gives its Zidua WG herbicide, which overcomes this resistance and provides farmers with efficient and long-lasting management over persistent weeds. Extensive discipline research has verified that Zidua WG offers advanced long-time period management over resistant Palmer pigweed and waterhemp, performing up to 10% better and lasting up to a few weeks longer than other preemergence herbicides like dimethenamid-p, acetochlor, or s-metolachlor.

Furthermore, on February 15th, 2023, ANSES conducted a professional evaluation on the potential infection of groundwater with the aid of the herbicidal substance S-metolachlor and its byproducts. The metabolites of S-metolachlor have often been detected in consuming water assessments at concentrations that exceed the mounted fine standards. Consequently, there is a motion closer to banning the use of metolachlor with the purpose of maintaining the quality of groundwater, which hinders market growth during the forecast period.

Segment Analysis:

The global Metolachlor market is segmented based on type, source, form, packaging, distribution channel, crop, application and region

Surging Demand for Horticulture Crops

Metolachlor is a widely used pesticide in horticulture crops that is essential in controlling invasive species. Metolachlor, an aniline derivative, is used during and after harvest in horticultural crops including fruits and vegetables to increase production. To promote nutritional security, horticulture crop output is rising on a worldwide scale.

For instance, the size of the fresh produce market in the EU-27 in 2021 was 74 million tons. This development is consistent with the upward trend that emerged after the COVID-19 pandemic in 2020 when many Europeans altered their dietary patterns in light of the advantages of fruits and vegetables for their health. The expansion of the metolachlor market would be aided by the need for European fruit and vegetable output over the forecast period.

India produced 204.84 million metric tonnes of vegetables and 107.24 million metric tonnes of fruits between 2021 and 2022, according to the National Horticulture Board. The output of horticultural crops is expected to rise, which will lead to further expansion of the metolachlor market.

Geographical Penetration:

Asia Pacific Dominates the Metolachlor Market

Due to the region's significant agricultural industry, which is a dominant Asia-Pacific metolachlor market. This will increase food production on the limited amount of arable land available and enable food security in the face of changing environmental circumstances. Increasing the production of food crops and cash crops in Asia Pacific, providing increased food safety due to the region's expanding population.

According to the OECD's projections for the approaching decade, the yield of vegetation, which constitutes approximately 60% of the total price of agricultural production within the Asia-Pacific, is anticipated to extend by way of 22%. Moreover, the manufacturing of animals is projected to grow by using 19%. The Asia-Pacific area performs an important role in global grain production, especially rice, accounting for 90% of the area's crop. It also contributes extensively to the manufacturing of wheat and maize, representing 40% and 30% of the worldwide output, respectively. Consequently, the growing output of row crops in the Asia-Pacific region is in all to demand for metolachlor.

Competitive Landscape

The major global players include: UPL, Monsanto Company, Syngenta, Nufarm, FMC, Nantong Jiangshan Agrochemical & Chemicals Limited Liability Co., Jiangsu Fengshan Group Co., Ltd., Corteva Agriscience, ADAMA and Tenkoz

COVID-19 Impact Analysis:

The market for metolachlor herbicide was significantly impacted by the COVID-19 outbreak. Uncertainties in the agriculture sector were caused by supply chain interruptions, a labor shortage, and logistical issues in the early phases of the epidemic. The demand for Metolachlor may have been impacted as a result of some farmers reducing their herbicide purchases or altering their planting dates. Additionally, farmers' capacity to invest in herbicides may have been impacted by economic uncertainty and limited finance availability.

Additionally, the pandemic's long-term effects on consumer behavior, such as a rise in interest in backyard gardening and locally grown food, may have affected the sorts of crops grown and, as a result, the need for herbicides in specific market sectors. The epidemic has seriously hampered the world's supply networks. In 2022, this supply chain disruption led to a spike in demand for herbicides. For instance, China saw a 58.5% rise in the amount of herbicides shipped, from 7.817 billion in 2021 to 7.817 billion in 2022.

Russia-Ukraine War Impact Analysis

The conflict between Russia and Ukraine has had a profound and complicated effect on a number of industries, including agriculture and, therefore, the market for metolachlor herbicide. The production of maize and sunflowers, two crops that frequently need herbicides like metolachlor, is among the highest in Ukraine. Herbicide demand may be impacted by the situation in Ukraine, which has affected regional agricultural production and created uncertainty in the world grain markets.

Furthermore, the depreciation of the Ukrainian hryvnia in comparison to other major currencies would have increased the cost of imported herbicides for Ukrainian farmers, thus influencing their purchasing choices. Herbicide use, however, may have increased as farmers attempted to optimize harvests and safeguard their crops from weeds while the battle persisted and they adapted to the new reality.

By Type

• 500g/l EC
• 720g/l EC
• 960g/l EC

By Source

• Organic
• Synthetic

By From

• Solid
  • Dust
  • Granules
  • Baits
  • Capsules
  • Wettable Powders
  • Others

• Liquid
  • Emulsifiable Concentrate
  • Suspension Concentrates
  • Others

By Packaging

• Pouch
• Can
• Bottle
• Drum
• Others

By Distribution Channel

• E-Commerce
• Specialty Stores
• Hypermarket/Supermarket
• Others

By Crop

• Row Crops
  • Cereal Grains
  • Soybeans
  • Sugarcane
  • Cotton
  • Others

• Horticulture Crops
  • Apples
  • Banana
  • Watermelons
  • Pineapple
  • Others

• Vegetables
  • Tomato
  • Potato
  • Onions
  • Carrot
  • Others

• Plantation Crops
  • Coffee
  • Cocoa
  • Others
  • Others

By Application

• Foliar Spray
• Seed Treatment
• Soil Treatment
• Post-harvest

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On June 20, 2022, Apresa, a premium pre-emergent herbicide for a range of crops, was introduced in Brazil according to an announcement from ADAMA. Its active chemicals, Flumioxazin and S-metolachlor, are a unique combination. The main emphasis of the product is the soybean crop, which is becoming more and more susceptible to Digitaria insularis and Eleusine indica weeds.
• On April 22, 2022, UPL recently launched the herbicide Lifeline-Sync, the first glufosinate and S-metolachlor mixture to reach the Brazilian market, for use when producing soybeans, maize, and cotton.
• On March 9, 2023, Syngenta announced that it is currently working on a new maize herbicide named Storen. The new pre- and post-emergence grass and broadleaf corn herbicide will provide producers with up to 3 weeks longer residual weed control than previous top corn herbicides once it receives permission from the Environmental Protection Agency for registration, which is anticipated by the 2024 growing season. BIR, mesotrione, S-metolachlor, and pyroxasulfone are four residual active chemicals included in Storen, along with the crop safener benoxacor.

Why Purchase the Report?

• To visualize the global metolachlor market segmentation based on type, source, form, packaging, distribution channel, crop, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of metolachlor market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global metolachlor market report would provide approximately 93 tables, 101 figures and 198 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies