Recent Developments

Syngenta AG is a large Swiss-based global establishment that produces agrochemicals and seeds. It is a biotechnology company and conducts genomic research. It established in the year 2000 by the collaboration of Novartis Agribusiness and the Zeneca Agrochemicals.

AXIAL is the Syngenta AG’s main tailor-prepared cereal grass weed solution. It has introduced for the use on both barley and wheat crops around the world. pinoxaden is the dynamic ingredient in AXIAL and it has registration in several major cereal markets globally.

Syngenta AG grasps patent for the pinoxaden which is about to expire in the year of 2020. This will affect the main wrinkles in the global pinoxaden market. New participants will raise the rivalry and will affect the valuing of pinoxaden related products.

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Market Segmentation:

Market Data Forecast published a report named as Pinoxaden Market. The Global Pinoxaden Market worth was USD 680.96 million in 2019 and it was expected to reach at a CAGR of 12.4%, to grow USD 1221.67 million by 2024.

 Report segmented as:

 By Crop:

Wheat
Barley
Rising awareness among farmers regards to weed control measures is likely to enlarge market progress over the forecast period. The rising trend in the use of herbicides as a modern agricultural practice has expected to further fuel pinoxaden demand.

Geographical Segmentation:

Based on geography, the market divided under many countries such as North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa.

Key Market Players:

Agchem Access
Syngenta Crop Protection AG
Haihang Industry Co. Ltd.
Sigma Aldrich
Simagchem
Advanced Technology & Co. Ltd.
Hebei Duoke Chemical Technology Co. Ltd.
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The Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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