Global Penoxsulam Market - Forecasts from 2025 to 2030

Global Penoxsulam Market - Forecasts from 2025 to 2030

The global penoxsulam market is expected to grow at a CAGR of 5.06%, reaching a market size of US$533.811 billion in 2030 from US$417.128 billion in 2025.

Penoxsulam is a selective herbicide used to manage weeds in a variety of crops, including soybeans, wheat, and rice. It functions by preventing the enzyme acetolactate synthase, which is necessary for plant development. Furthermore, penoxsulam is effective for post-harvest control of Striga, but its usage should be careful because of its dangers to human health and the environment.

Penoxsulam is an herbicide that inhibits the activity of ALS, also known as AHAS, in susceptible plant species. It is taken up by the leaves and stems of the target weeds when spray is applied. It travels throughout the vascular system of the plant as it translocates. Penoxsulam selectively targets and inhibits the ALS enzyme once it is within the plant. The main rice-growing nations use penoxsulam, the herbicide sold the most worldwide for rice. The United States Environmental Protection Agency (USEPA) has categorized penoxsulam as one of the reduced-risk herbicides.

Global penoxsulam market drivers

Penoxsulam consumption receives a boost from the increased need for high-yielding crop varieties, something that exposes the need for effective weed management practices to boost agricultural productivity. In line with this, the agri-food sector's contribution to the United Kingdom’s GDP in 2022 was £146.7 Billion. Farmers are under more pressure to generate larger yields from their limited agricultural land as the world's population rises and food security becomes a critical problem. Yields are decreased by plants such as weeds because they require the same resources such as light, nutrients, and water as the crops. Consequently, farmers look for efficient measures in the form of fungicides or pesticides for controlling weed growth without damaging crops.

To reduce weed competition, penoxsulam is a hormone herbicide with a good record in selectivity and effectiveness for controlling an array of weeds for boosting rice and high-yielding crops. Therefore, with the help of the USAID product, it is possible to grow crops with interruptions, increasing the quality and quantity of the crops. Moreover, penoxsulam is the perfect solution for this purpose in regions where raising crop yield is essential due to rising food scarcity. This is because it has little or no harm to the environment or any modern or efficient farming techniques. In agricultural markets, these are used to optimize crop yield in countries where rice is often consumed or in those that use intensive farming methods.

Global penoxsulam market geographical outlook
Asia Pacific’s penoxsulam market is anticipated to grow significantly.

Since Asia Pacific is one of the major producers and consumers of rice globally, it is anticipated that the penoxsulam market will grow quickly. China, India, Vietnam, and Indonesia are some of the largest rice producers in the international market. For instance, as per the Chinese government, the output of early rice was 28,337 thousand tons in 2023, which increased by 215 thousand tons compared to 2022. These nations are under increased pressure to raise agricultural production to fulfill the growing demands of their expanding populations.

Penoxsulam is a highly sought-after herbicide in this region due to its broad spectrum of efficiency in eliminating weeds in rice paddies. The use of contemporary agricultural methods, the increased focus on food security, and encouraging government initiatives meant to increase crop yields are all contributing to the demand for penoxsulam. Nonetheless, in India, the development of weed management technologies for diversified cropping systems, the biology and management of problem weeds in cropped and non-cropped areas, and the environmental impact of herbicides have all been areas in which the directorate has been heavily involved.

The herbicide's low toxicity and good environmental profile also help with its rising use as environment-friendly agricultural methods gain hold and environmental restrictions become more stringent.

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Historical data & forecasts from 2022 to 2030
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The global penoxsulam market is segmented and analyzed as follows:

By Crop Type

Rice
Wheat
Soybeans
Others

By Formulation

Liquid Formulations
Granular Formulations
Water-dispersible granules (WDG)

By Geography

North America
United States
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of the Middle East and Africa
Asia-Pacific
China
India
Japan
South Korea
Taiwan
Thailand
Indonesia
Rest of Asia-Pacific