Global Paraquat Market, By Type (Paraquat Aqueous Solution, Paraquat Soluble Granule, Paraquat Water Soluble Gel, Others), Application (Farms, Plantations and Estates, Non-Agricultural Weed Control, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Paraquat Market
Paraquat market will reach at an estimated value of USD 0.20 billion by 2028 and is expected to grow at a CAGR of 9.5% in the forecast period 2021 to 2028. Increase in the agricultural activities acts as the major factor driving the growth of paraquat market in the forecast period of 2021-2028.
Paraquat is also known as methyl viologen, which is an organic compound with the chemical formula [(C6H7N) 2] Cl2. It is classified as a viologen, which is defined a family of redox-active heterocycles of similar structure. Paraquat was manufactured by chevron and this salt is one of the most extensively used herbicides.
Increase in the consumer awareness acts as the vital factor escalating the market growth, also rise in the favourable government policies, rise in the agricultural activities, rise in the demand for herbicides in the agriculture industry to get rid of unwanted weeds and plants and rise in the research and development activities in the market acts as the major factors among others driving the growth of paraquat market. Moreover, rise in adoption of paraquat dichloride in emerging economies such as China, India and others and increase in the demand from emerging economies will further create new opportunities for paraquat market in the forecast period of 2021- 2028.
However, increase in the cost and stringent government regulations associated with herbicide formulation & use is the major factor among others acting as a restraint, and will further challenge the growth of paraquat market in the forecast period mentioned above.
This paraquat market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on paraquat market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Paraquat Market Scope and Market Size
Paraquat market is segmented on the basis of type and application. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- Based on type, the paraquat market has been segmented into paraquat aqueous solution, paraquat soluble granule, paraquat water soluble gel and others.
- The paraquat market is also segmented on the basis of application into farms, plantations and estates, non-agricultural weed control and others.
Paraquat Market Country Level Analysis
Paraquat market is analyses and market size, volume information is provided by country, type and application as referenced above.
The countries covered in paraquat market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA)
Asia-Pacific dominates the paraquat market due to rise in the rapidly increasing agricultural activities, rise in consumer awareness, and increase in the favourable government policies. Whereas, North America is expected to foster the market region due to rise in the need to get rid of unwanted plants and weeds in forest areas in this region.
The country section of paraquat market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Paraquat Market Share Analysis
Paraquat market report competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to paraquat market report.
The major players covered in the paraquat market report are ANKAR INDUSTRIES (P) LTD, BHASKAR AGRO, CANARY AGRO CHEMICALS PRIVATE LIMITED, JAYALAKSHMI FERTILISERS, Kalyani Industries Limited, Sigma-Aldrich Co, Corteva, SinoHarvest agrochemical manufacturer in China, Toshi Automatic Systems, Aroxa Crop Science Private Limited, Greenland Bio-Science, India Agro Science & Tech, Kalyani Industries Limited and Ambachem Industries among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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