세계의 니코설퓨론 시장(2024-2031년)

Overview

Global Nicosulfuron Market reached US$ 197.21 million in 2023 and is expected to reach US$ 276.19 million by 2031, growing with a CAGR of 4.3% during the forecast period 2024-2031.

With the growing demand for food globally, farmers are under pressure to maximize crop yields. This necessitates efficient weed management to prevent yield losses. Nicosulfuron offers effective control over a broad spectrum of weeds in corn fields, making it a sought-after herbicide among farmers. Agricultural activities are expanding in developing regions to meet the growing food demand of burgeoning populations. As farming practices evolve, there's a growing need for effective weed management solutions like nicosulfuron to ensure optimal crop yields.

In May 2022, Maize Growers Association agronomist, Jon Myhill, reviewed the choices open to growers of maize who want to maximize weed control in their crop which include Nicosulfuron e.g. Milagro: For use in areas where grass weeds, especially ryegrass, provide an issue. For weeds with broad leaves, the herbicide's control range is extremely constrained. Higher usage rates can help achieve some control over common weeds like nightshade, fat hen, and orache.

Corn's dominant share in the nicosulfuron market growth is attributed to its status as a major crop where nicosulfuron is extensively used for effective weed control, enhancing yields and quality. Similarly, Asia-Pacific has the highest share in the nicosulfuron market due to the region's expanding agriculture sector and increasing adoption of herbicides.

Dynamics

Focus on Weed Management

The Multidisciplinary Digital Publishing Institute (MDPI) estimates that around 1800 weed species lower plant output by 31.5% globally, resulting in USD 32 billion in losses to the economy each year. In response to this challenge, there has been a growing recognition of the importance of effective weed management practices to safeguard crop productivity and profitability.

Nicosulfuron plays a crucial role in weed management strategies due to its selective herbicidal properties and broad-spectrum control of various weed species. As a sulfonylurea herbicide, nicosulfuron effectively targets broadleaf weeds and grasses while preserving the integrity of maize and other crops. This selective mode of action allows farmers to combat weed infestations without causing harm to desirable crops, thereby ensuring optimal yield potential.

Growing Demand to Improve Crop Yields

According to the FAO forecasts, to feed the 9.1 billion people that would inhabit the globe by the year 2050, food production would need to increase by almost 70% between 2005-2007 and 2050. In this scenario where feeding an ever-expanding global population is paramount, maximizing crop productivity is imperative. Weeds pose a persistent threat to crop yields by competing with cultivated plants for essential resources such as nutrients, water, and sunlight. As a result, effective weed management strategies are crucial to optimize agricultural output.

Nicosulfuron, a potent herbicide widely used in corn cultivation, plays a pivotal role in addressing this challenge. Its ability to selectively target and control a broad spectrum of weed species while minimizing harm to crop plants makes it an indispensable tool for farmers seeking to enhance yields. By effectively suppressing weed growth, nicosulfuron helps alleviate the adverse effects of weed competition on crop development, allowing cultivated plants to thrive and reach their full yield potential.

Regulatory Constraints

Stringent regulations governing the use of pesticides and herbicides can pose challenges for the nicosulfuron market. Regulatory agencies may impose restrictions on the use of nicosulfuron due to concerns about its potential environmental and health impacts. Compliance with regulatory requirements adds complexity and costs to the manufacturing, distribution, and use of nicosulfuron, thereby hindering market growth.

In June 2023, the government of Canada announced the next steps towards sustainably managing pesticides while equipping farmers with the means to continue supplying dependable access to wholesome food. This type of regulatory step reflects a broader global trend towards more stringent regulatory oversight of agricultural inputs, including herbicides like nicosulfuron.

Segment Analysis

The global nicosulfuron market is segmented based on method, form, application, and region.

Increasing Corn Production

Corn held the highest share in the nicosulfuron market growth primarily due to its extensive application in this crop. Corn is one of the most widely grown cereal crops worldwide. According to the Our World in data, the global corn production globally stood at 1,210,235,100 tonnes in 2021. As a major staple food and feed crop, corn production is essential for food security, livestock feed, and various industrial applications, driving the demand for effective weed management solutions like nicosulfuron.

Moreover, corn's susceptibility to weed competition underscores the importance of timely and effective weed control measures throughout the crop's growth cycle. Weeds not only compete with corn plants for essential resources such as nutrients, water, and sunlight but also reduce crop yields. Nicosulfuron offers corn farmers a powerful tool for controlling a wide range of troublesome weed species, including grasses like foxtails and broadleaf weeds like pigweeds and lambs, thereby enabling them to achieve clean, weed-free fields and maximize corn yields.

Geographical Penetration

Growing Agricultural Industry in Asia-Pacific

Asia-Pacific region encompasses a diverse range of agricultural landscapes. This diversity in cropping patterns and climates creates a significant demand for herbicides like nicosulfuron, which are effective against a broad spectrum of weeds across various crops. As agricultural practices modernize and intensify in the region to meet the demands of a growing population, the need for efficient weed control becomes increasingly crucial, thus driving the demand for nicosulfuron and similar herbicides.

According to ICAR, Indian Institute of Maize Research, India is fourth in terms of area and seventh in terms of production among the nations that grow maize; this accounts for around 4% of the world's total land and 2% of its total production. The demand for nicosulfuron is closely linked to the cultivation of corn. According to the National Institutes of Health, in agricultural production, the sulfonylurea herbicide nicosulfuron is frequently used, especially in the growth of maize, because it is effective, safe, and selective at low dosages. Hence the growing corn production in Asia-Pacific drives the nicosulfuron market growth.

COVID-19 Impact Analysis

The pandemic disrupted global supply chains and agricultural activities, leading to uncertainties in the availability and distribution of agricultural inputs, including herbicides like nicosulfuron. Restrictions on movement, labor shortages, and logistical challenges hampered the production, transportation, and distribution of agricultural chemicals, causing temporary disruptions in the supply of nicosulfuron to farmers.

Moreover, the economic downturn triggered by the pandemic, coupled with uncertainties about future market conditions, prompted farmers to exercise caution in their spending and investment decisions. Reduced disposable income, disrupted credit availability, and volatile commodity prices compelled some farmers to scale back input purchases, including herbicides, to minimize costs and conserve capital. As a result, the demand for nicosulfuron and other agricultural chemicals experienced a temporary slowdown during the early stages of the pandemic.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war had significant implications for various industries, including agriculture, where the demand for herbicides like nicosulfuron can be influenced. Nicosulfuron is a widely used herbicide primarily employed for controlling weeds in agricultural fields. Both Russia and Ukraine are major producers and exporters of grains, and the disruptions in agricultural activities due to the war can reverberate throughout the global market for agricultural chemicals.

By Method

• Amide Method
• Niacin Method
• Others

By Form

• Liquid
• Granule
• Others

By Application

• Corn
• Rice
• 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 2021, with the introduction of the Inzen herbicide-tolerant trait, Corteva Agriscience provided grain sorghum growers with one additional option for excessive grass control. Exclusive to Pioneer brand sorghum hybrids, Inzen is a non-transgenic feature that enables postemergence use of Zest WDG herbicide, an ALS-inhibitor herbicide with nicosulfuron as the active ingredient that suppresses annual grasses like panicum, foxtail, barnyard grass, and shattercane.
• In December 2020, the Environmental Protection Agency granted registration for Katagon herbicide from HELM Agro US, Inc. The first-ever coformulation of tolpyralate and nicosulfuron in the United States is found in Katagon.

Competitive Landscape

The major global players in the market include Corteva, Zhejiang Rayfull Chemicals Co., Ltd., Jiangsu Kuaida Agrochemical Co., Ltd., Jiangsu Fuding Chemical Co., Ltd., King Quenso, Zenith Crop Sciences, LGC Limited, Shanghai AgroRiver Chemical Co., Ltd., Merck KGaA, HEBEI ENGE BIOTECH CO., LTD.

Why Purchase the Report?

• To visualize the global nicosulfuron market segmentation based on method, form, 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 global nicosulfuron 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 nicosulfuron market report would provide approximately 62 tables, 53 figures, and 250 pages.

Target Audience 2024

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

Table of Contents

Table of Contents

1.Methodology and Scope

• 1.1.Research Methodology
• 1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

• 3.1.Snippet By Method
• 3.2.Snippet by Form
• 3.3.Snippet by Application
• 3.4.Snippet by Region

4.Dynamics

• 4.1.Impacting Factors
  • 4.1.1.Drivers
    • 4.1.1.1.Focus on Weed Management
    • 4.1.1.2.Growing Demand to Improve Crop Yields
  • 4.1.2.Restraints
    • 4.1.2.1.Regulatory Constraints
  • 4.1.3.Opportunity
  • 4.1.4.Impact Analysis

5.Industry Analysis

• 5.1.Porter's Five Force Analysis
• 5.2.Supply Chain Analysis
• 5.3.Pricing Analysis
• 5.4.Regulatory Analysis
• 5.5.Russia-Ukraine War Impact Analysis
• 5.6.DMI Opinion

6.COVID-19 Analysis

• 6.1.Analysis of COVID-19
  • 6.1.1.Scenario Before COVID
  • 6.1.2.Scenario During COVID
  • 6.1.3.Scenario Post COVID
• 6.2.Pricing Dynamics Amid COVID-19
• 6.3.Demand-Supply Spectrum
• 6.4.Government Initiatives Related to the Market During Pandemic
• 6.5.Manufacturers Strategic Initiatives
• 6.6.Conclusion

7.By Method

• 7.1.Introduction
  • 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Method
  • 7.1.2.Market Attractiveness Index, By Method
• 7.2.Amide Method*
  • 7.2.1.Introduction
  • 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3.Niacin Method
• 7.4.Others

8.By Form

• 8.1.Introduction
  • 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 8.1.2.Market Attractiveness Index, By Form
• 8.2.Liquid*
  • 8.2.1.Introduction
  • 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3.Granule
• 8.4.Others

9.By Application

• 9.1.Introduction
  • 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.1.2.Market Attractiveness Index, By Application
• 9.2.Corn*
  • 9.2.1.Introduction
  • 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3.Rice
• 9.4.Others

10.By Region

• 10.1.Introduction
  • 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 10.1.2.Market Attractiveness Index, By Region
• 10.2.North America
  • 10.2.1.Introduction
  • 10.2.2.Key Region-Specific Dynamics
  • 10.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Method
  • 10.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.2.6.1.U.S.
    • 10.2.6.2.Canada
    • 10.2.6.3.Mexico
• 10.3.Europe
  • 10.3.1.Introduction
  • 10.3.2.Key Region-Specific Dynamics
  • 10.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Method
  • 10.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.3.6.1.Germany
    • 10.3.6.2.UK
    • 10.3.6.3.France
    • 10.3.6.4.Italy
    • 10.3.6.5.Spain
    • 10.3.6.6.Rest of Europe
• 10.4.South America
  • 10.4.1.Introduction
  • 10.4.2.Key Region-Specific Dynamics
  • 10.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Method
  • 10.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.4.6.1.Brazil
    • 10.4.6.2.Argentina
    • 10.4.6.3.Rest of South America
• 10.5.Asia-Pacific
  • 10.5.1.Introduction
  • 10.5.2.Key Region-Specific Dynamics
  • 10.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Method
  • 10.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.5.6.1.China
    • 10.5.6.2.India
    • 10.5.6.3.Japan
    • 10.5.6.4.Australia
    • 10.5.6.5.Rest of Asia-Pacific
• 10.6.Middle East and Africa
  • 10.6.1.Introduction
  • 10.6.2.Key Region-Specific Dynamics
  • 10.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Method
  • 10.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

11.Competitive Landscape

• 11.1.Competitive Scenario
• 11.2.Market Positioning/Share Analysis
• 11.3.Mergers and Acquisitions Analysis

12.Company Profiles

• 12.1.Corteva*
  • 12.1.1.Company Overview
  • 12.1.2.Product Portfolio and Description
  • 12.1.3.Financial Overview
  • 12.1.4.Key Developments
• 12.2.Zhejiang Rayfull Chemicals Co., Ltd.
• 12.3.Jiangsu Kuaida Agrochemical Co., Ltd.
• 12.4.Jiangsu Fuding Chemical Co., Ltd.
• 12.5.King Quenso
• 12.6.Zenith Crop Sciences
• 12.7.LGC Limited
• 12.8.Shanghai AgroRiver Chemical Co., Ltd.
• 12.9. Merck KGaA
• 12.10.HEBEI ENGE BIOTECH CO., LTD.

LIST NOT EXHAUSTIVE

13.Appendix

• 13.1.About Us and Services
• 13.2.Contact Us