Fenoxaprop P Ethyl Market - 2023-2030

Overview

Global Fenoxaprop P Ethyl Market reached US$ 202.87 million in 2022 and is expected to reach US$ 308.98 million by 2030, growing with a CAGR of 5.4% during the forecast period 2023-2030.

The global Fenoxaprop P Ethyl market has witnessed significant growth and transformations over the years, Farmers are adopting this herbicide as it effectively inhibits the growth of a variety of grassy weeds in crops such as wheat, barley, oats, rye, and other grass crops. It is typically sprayed onto the crop after both the crop and weeds have emerged from the soil which provides an effective action, hence it leads to driving the global fenoxaprop p ethyl market.

Furthermore, many manufacturers are producing high-quality products in order to attract large consumer bases. For instance, Bayer AG has produced Whip Super, which contains fenoxaprop p ethyl as an active ingredient which is a selective herbicide having action against Echinochloa sp. and other grassy weeds in soybean, rice, cotton, black gram and onion. It is a post-emergent herbicide having action on a broad spectrum of grasses.

The agricultural segment accounts for over half of the market share. Similarly, the Asia-Pacific dominates the Fenoxaprop P Ethyl market, capturing the largest market share of over 1/3rd. The presence of vast agricultural land and an increase in wheat production, India is the largest consumer as the wheat production in the country is estimated at 112.18 million tons which is higher by 4.44 million tons than the production achieved during 2021-22.

Dynamics

Increase in Production of High-quality Crops

The demand for high-quality crops is increasing farmers are adopting these fenoxaprop p ethyl herbicides as they effectively inhibit the growth of various grassy weeds and help the crops to attain their full potential in terms of both quantity and quality. It can help farmers to decrease capital for herbicides, hence, it can lead to an increase in adoption rate.

Furthermore, many manufacturers are producing high-quality products in order to expand their portfolios and attract larger consumer bases. For instance, Zenith Crop Sciences has produced Fenoxaprop-p-ethyl 69 g/l EW, it is a selective herbicide with contact and systemic action for post-emergence control of annual and perennial grass weeds and wild oats in rice, wheat, rye, barley, oat and triticale. Such products can help in increasing the market size.

Increase in Agricultural Practices

An increase in agricultural practices can indeed contribute to an increase in the demand for herbicides like Fenoxaprop-P-ethyl. As these herbicides perform a unique mode of action by killing targeted grassy weeds and show less effect on non-targeted organisms. It is applied as post-emergence herbicides which helps in increasing the quality of crops.

Furthermore, many manufacturers are producing innovative products in order to expand their portfolios and increase their market size. For instance, Anhui Fengle Agrochemical Co., Ltd. produced Fenoxaprop-p-ethyl 80.5g/L EC, it sprayed a small amount on crops such as Alopecurus, wild oats and some others. Such products can help increase the market growth.

Development of Weed Resistance

The development of weed resistance is indeed a significant factor that can restrain the global Fenoxaprop-P-ethyl market. When weeds develop resistance to Fenoxaprop-P-ethyl, the herbicide becomes less effective at controlling those weed species. This can result in decreased weed control and lower crop yields it leads to hamper the market growth.

Furthermore, the resistance development can cause an increse in crop loss which can ultimately effect the growth of the global fenoxaprop p ethyl market. According to a study backed by the government, in 2022 India lost about 5-13% of its fruits and vegetables and 3-7% of other crops including oil seeds and spices between harvesting and consumption.

Segment Analysis

The global Fenoxaprop P Ethyl market is segmented based on type, form, distribution channel, application and region.

Increase in Demand for Effective Pest Management

The agriculture segment holds the maximum share in the global fenoxaprop p ethyl market. These herbicides are highly used in the agricultural sector as they provide various formulations depending on the crop, they can be typically sprayed onto the crops. It effectively controls the weed population and helps in increasing the quality of crops. Hence, it can lead to an increase in the adoption rate.

Furthermore, many manufacturers are producing high-quality products in order to attract large consumer bases, For instance, Aristo Biotech company produces Fenoxaprop P ethyl at various concentrations such as 6.7%w/w, 9.3%w/w and 10%EC crop protection herbicides. The herbicide has action against Echinochloa sp. and other grassy weeds in soybeans and rice. It is a post-emergent herbicide having action on a broad spectrum of grasses. Such products can help in increasing the adoption rate.

Geographical Penetration

Presence of Vast Agricultural land, Increased Wheat Production in Asia-Pacific

Asia-Pacific has been a dominant force in the global fenoxaprop P ethyl market and its significance has only grown in the post-2020 era. Farmers in this region are adopting these herbicides as they can effectively kill the variety of weeds in grass crops such as wheat, barley, oats, rye, and other cereals and show less effect on non-targeted organisms, such as an increase in adoption rate.

Furthermore, the presence of vast agricultural land helps to increase the usage of fenoxaprop P ethyl herbicides as they effectively control grassy weeds. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, Australia has 55% of agricultural lands which are about 427 million hectares, hence, such vast lands can help in increasing the adoption rate.

Additionally, the fenoxaprop p ethyl is highly being used in grassy crops such as wheat, barley, oats, rye, and other cereals. For instance, according to the Ministry of Agriculture & Farmers Welfare report of India 2023, the Wheat production in the country is estimated at 112.18 million tons which is higher by 4.44 million tons than the production achieved during 2021-22. Hence, the increase in wheat production helps in increasing the fenoxaprop p ethyl market.

Competitive Landscape

The major global players in the market include Bayer AG, Sigma-Aldrich, Anhui fengle agrochemical Co., Ltd., Jiangnsu Flag Chemical Industry Co., Ltd., Zhejiang Udragon Pesticides Chemicals Co., Ltd., Zhejiang Hisun Pharmaceutical Co., Ltd., Jiangsu Tianrong Group, Eagle Plant Protect Private Limited., Aroxa Crop Science Pvt. Ltd and Tyrone Agro Chemicals Private Limited.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain of fenoxaprop p ethyl, many manufacturing companies are shut down due to government lockdown restrictions which have led to a decrease in the availability of raw materials in the market, this has led to a decrease in the global fenoxaprop p ethyl market.

Furthermore, during the pandemic, many people have started indoor agriculture practices to spend their free time, which led to an increase in the usage of herbicides as they help in providing high-quality products, and effectively control weeds. This led to an increase in the adoption of the global fenoxaprop p ethyl market.

Russia-Ukraine War Impact Analysis

The ongoing conflict between Russia and Ukraine has brought a disruption in the country's economy which has led to shut down of many manufacturing companies due to low economy, exports, imports and employment ratio this leads to a decrease in the availability of products in the market, which leads to a negative impact on global fenoxaprop p ethyl market.

Furthermore, the war had brought a disruption in agricultural practices as the pollution caused by the Russia and Ukraine war many agricultural lands affected which led to a decrease in usage of herbicides, also people started to invest more on essential needs which leds to decrease in global fenoxaprop p ethyl market.

By Type

• 95% Fenoxaprop-P-Ethyl
• Others

By Form

• Powder
• Solution
• Others

By Distribution Channel

• Company Stores
• E-Commerce
• Others

By Application

• Agriculture
• Grains
• Cash crops
• Others
• Chemical Industry
• Laboratory
• Others

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

• In March 2022, CIECH announced the expansion of its Agro business in Romania, The group is present with its plant protection product offer in more than 50 countries around the world, and one of its most important sales targets in this respect is Romania.
• In June 2023, Bayer AG has launched a new product Laudis herbicide, which provides exceptional control of annual broadleaf weeds (including glyphosate-resistant biotypes) in field corn and sweet corn with excellent crop safety.
• In July 2022, FMC India, an agricultural sciences company announced the launch of Austral herbicide, a new pre-emergent herbicide for the sugarcane crop.

Why Purchase the Report?

• To visualize the global Fenoxaprop P Ethyl market segmentation based on type, form, distribution channel, 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 Fenoxaprop P Ethyl 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 Fenoxaprop P Ethyl market report would provide approximately 70 tables, 67 figures and 217 Pages.

Target Audience 2023

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