Clomazone Market is forecast to grow at a CAGR of 2.5% during 2021-2026. Clomazone controls many annual agricultural herbicides such as broadleaved and ditched grass in soybean, cotton, rice, sugarcane, peppers, and pumpkin. It belongs to the chemical group isoxazole, has a broad control spectrum, when applied in pre-emergence or early post-emergence of monocotyledonous and eudicotyledonous species of ditched grass.
So, with the rise in agricultural sector, the demand for herbicides will also grow, hence the clomazone market is witnessing an increase in demand. Whereas growing public interest towards farming as a business will further enhance the overall market demand for clomazone during the forecast period.
COVID 19 Impact
The global agricultural sector continues to be challenged by the lockdowns, logistical disturbances, reduced productions, and associated economic impacts of COVID-19. The global fertilizer and pesticides demand has been affected since the arrival of coronavirus. The outbreak of coronavirus had the most critical impact across the agriculture sector, affecting the movement of both micronutrients products and raw materials in and out of the country. Moreover, this pandemic is also expected to hit the agriculture industry in the U.S., Brazil, India, and EU-5 countries. So, with the decline in agricultural sector the clomazone market is expected to face few hurdles.
Clomazone Market Segment Analysis – By Formulations
Liquid suspension has a significant growth in the clomazone market in the year 2020 and is expected to grow at a CAGR of 2.1% during the forecast period. Herbicides is a key element in killing the unwanted plants. The formulation of an herbicide refers to the material it is carried in or on, and its concentration in that carrier. Every herbicide product is a combination of active ingredients and inert ingredients.
In products that are labeled as flowable (F or L), or aqueous suspensions (AS), the herbicide is bound to very small particles that are suspended in a water base. They pour very smoothly, and will readily mix with water. They form suspensions in the spray solution and can settle out if not continuously agitated. After mixing, these products should be used or drained from the tank before allowing them to set for an extended time.
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Clomazone Market Segment Analysis – By Application
Grains has been the primary segment for clomazone in the year 2020 and is expected to grow at a CAGR of 2.8% during the forecast period. Wheat and Rice are a main food in numerous countries around the world. Rice consumption provides more calories than any other single food, serving daily as a source of carbohydrate, proteins, lipids, vitamins, and minerals. Clomazone is a relatively recent herbicide in rice, with commercialization occurring at the beginning.
This herbicide is metabolized to the 5-keto form of clomazone. The 5-keto form, which is the active herbicide, inhibits 1-deoxy-D-xylulose 5-phosphate synthase, a key component to plastid isoprenoid synthesis.
Clomazone Market Segment Analysis – By Geography
APAC has dominated the clomazone Market in the year 2020 and is expected to grow at a CAGR of 3.2% during the forecast period. In Asia Pacific, especially India and China, are the fastest growing markets for clomazone owing to the growing agriculture sector in these regions. However, at the same time the falling ratio of arable land to population is a major concern for these economies. Majority of world’s crop protection is lost to pests.
Clomazone helps to reduce the crops losses by eliminating waste plants and ensuring stability in food prices. According to the “Indian Brand Equity Foundation”, during 2019-20 crop year, food grain production was estimated to reach a record 295.67 million tonnes (MT). In 2020-21, Government of India is targeting food grain production of 298 MT. So, with the growing agriculture sector in this region the clomazone demand will also grow.
Clomazone Market Drivers
Increasing Usage for Fertilizers & Pesticides
Clomazone is a selective herbicide with both contact and residual activity. Clomazone is used for the control of annual broad leaf insects and grasses. Clomazone is used on major crops such as oilseed rape, cotton, soybeans, rice and sugar cane and vegetables such as peas, beans, carrots and potatoes. Clomazone works after being absorbed through the roots and emerging shoots of the target insects. The mode of action of clomazone includes the disruption of the synthesis of both chlorophyll and carotenes which protect chlorophyll from sunlight. This results in chlorosis of the target plants and death due to energy depletion. So, as pesticides are very useful in farming thus, it is expected to drive the market for clomazone.
Implementation of Governments Regulations
Governments globally are focusing on boosting their agriculture sector. Whereas Governments regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by Indian Government will help to grow the agriculture sector. Under the Scheme an income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- each every four months, which will financially help the farmers let them focus more towards farming. And with the growth of agricultural sector, the clomazone market will also grow.
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Clomazone Market Challenges
Negative impact of Herbicides
Persistent herbicides can remain active in the environment for long periods of time, potentially causing soil and water contamination and adverse effects to nontarget organisms. In some cases, compounds that result from herbicide degradation may continue to be significantly toxic in the environment. This has worked as a constraint for the clomazone market.
Clomazone Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Clomazone market. In 2020, the market of Clomazone has been consolidated by the top five players accounting for xx% of the share. Major players in the Clomazone Market are Bessen Chemical Ltd, Dow Agrosciences Llc, E. I. Du Pont De Nemours And Company, Fmc Corporation, Makhteshim Agan Industry Ltd, Shanghai Bosman Industrial Co , Ltd, Syngenta Limited, Willowood Usa, Zhejiang Heben Pesticide Chemical Co , Ltd, among others.
In August 2020, Syngenta Seeds completes acquisition of Sensako. Sensako is a leading South African R&D seeds company with a strong wheat market position.
Asia-Pacific dominates the clomazone market owing to increasing demand for herbicides in the agricultural sector.
The growing agricultural sector, is likely to aid in the market growth of Clomazone.
Implementation of stringent government regulations related to agricultural growth will increase the market demand for clomazone in the near future.
Negative impacts of herbicides on the soil, will create hurdles for the clomazone market.
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Phone: (+1) 970-236-3677