Propanil Market to Expand with Significant CAGR During 2024
Propanil
is a chemical known for its use as herbicide, primarily on paddy
crop. Propanil is a contact herbicide which is usually applied to the
foliage and plant parts above the ground. Propanil also acts as a
selective herbicide, which cause no damage to rice, but might damage
other plants or crops. It is a compound which helps to inhibit and
neutralize the growth of unwanted weed in paddy fields. The main
application for propanil is as herbicide, where it competes with
chemicals such as butachlor, thiobencarb and 2,4-D among others. It
is generally applied in the form of an aqueous spray or suspension.
Propanil functions by inhibiting the growth of weeds, which hamper
the quality of rice crop. Propanil acts by building up a toxic
substance inside the weeds, which eventually kills the plant.
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Herbicides
are in high demand in the agriculture sector, as it is essential to
protect crops from fungal infections, which often weaken and stunt
the growth of crops. Application of herbicides of crops ensures
higher yield by neutralizing the threat posed by growth of weeds.
Propanil market is a subset of herbicide market and its growth
dynamics are related to the growth of herbicides market. The primary
driver of the herbicide market is the demand for higher food
production amidst growing global population and diversified food
preferences.
The
main crop types which account for the majority of propanil use is
paddy. Rice crop has experienced high demand growth with increasing
population especially in Asia Pacific region and Sub-Saharan Africa.
In order to comply with the high demand, farmers across the world
have adopted various methods to increase yield and profitability.
Higher use of propanil is one of the many measures undertaken to
improve food quality and yield.
Although
herbicides are extremely important for the growth of healthy plant,
it has certain restraints. Propanil being a selective herbicide, is
safe to use in paddy. However in some cases it might destroy paddy as
well. Propanil is moderately toxic in nature, however the extent of
precaution required to prevent environmental toxification is yet to
be determined. Prolonged dermal exposure leads to skin irritation.
However, the toxicity of propanil is lower than most of its
counterparts, which provides an incentive to growth for the chemical.
Propanils growth is restricted to use in paddy fields and are not
useful for other crops.
The
demand for propanil base herbicide is highest in Asia Pacific region
followed by Latin America, Africa, North America and Europe. The
market is also expected to exhibit highest growth from Asia Pacific
and Latin America regions in the near future owing to increased
investment in agriculture and high demand for rice in this region.
Rice being one of the main staple food across the world, generates
high demand for propanil herbicide.
The
top countries by rice produce are China, India, Bangladesh, Vietnam,
Thailand, Myanmar, Brazil and Japan. China is the largest
manufacturer of propanil herbicide. Almost 75% of China’s produce
are exported. High capacity addition is prevalent in China on the
back of rising overseas demand for the chemical.
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Some
of the major companies operating in the propanil market are Bayer
CropScience, SinoHarvest, Kenvos Biotech Co. Ltd., Willwood USA, and
Westrade Guatemala S.A. among many others.
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