SMR Report: Global Metolachlor Market size, Trends and value 2020
Rapidly growing agriculture sector owing to rising demand for fresh fruits and vegetables drivers the growth for metolachlor market. Metolachlor is an organic herbicide derived from aniline.
Herbicides are the chemicals used to get rid of unwanted weeds by interfering in the mechanism of the plant. Metolachlor is an organic herbicide derived from aniline. It is member of the chloroacetanilide herbicides and is extremely effective to grasses. Metolachlor is developed by Ciba-Geigy. Metolachlor inhibits the elongasses and geranylgeranyl pyrophosphate cyclases that are part of gibberellins pathway. It is produced by condensation of methyl aniline (MEA) with methoxyacetone. Metolachlor is mainly adopted for the use of broadleaf weed control in soybean, sorghum, peanuts, cotton and corn. Metolachlor is utilized under the trade name such as Dual, CGA-24705, Bicep, Pimagram and Pennant.
Metolachlor is formulated in blend with other herbicides such as cyanazine, atrazine and fluometuron. Metolachlor with Atrazine is used for restricting the growth of diverse unwanted weeds and carry out the growth of important weeds and grass without affecting it. Metolachlor is also used on turf, lawns and ornamental plants, shrubs, trees, vines, hedgerows and fencerows for inhibit the growth of weeds.
The report provides a comprehensive view on the metolachlor market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the metolachlor market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
Rapidly growing agriculture sector owing to rising demand for fresh fruits and vegetables drivers the growth for metolachlor market. Host of applications in agriculture sector and also in shrubs and vines, ornamental plants is likely to foster the growth of metolachlor market. However, strict regulations led by the government on the practice of metolachlor in green house or in other loamy soil or in enclosed structure due to its toxicity may hamper the growth of metolachlor market. Ongoing research for developed metolachlor and number of applications is likely to open new opportunities in the metolachlor market in the near future.
The metolachlor market is segmented on the basis of region which includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Emerging countries such as China, India and other developing countries is anticipated to boost the growth of market. India and China emerged as potential region due to rising food demand and shrinking arable land. Furthermore, growing agriculture industry in India is anticipated to experience fastest growth for metolachlor market in the forecast period. Moreover, North America and Europe are also estimated to record strong growth owing to escalate the yield of crops.
FMC Corporation, Syngenta AG, Shanghai Tenglong Agrochem Co. Ltd., Shandong Binnong Technology Ltd. and Bayer CropScience among others are some of the key players in the metolachlor market. Shandong Binnong Technology Ltd. promoted the manufacturing of metolachlor for garlic fields by controlling various weeds.
The report segments of the metolachlor market into:
Metolachlor Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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