Isoxaflutole is a chemical and it is used in the agrochemical industry to enhance the growth of plants. The major plants on which this chemical is used are sugarcane and maize. It is also used on food crops such as apple, peach, almond etc. The Growth of the global herbicide industry is expected to remain a key factor for global isoxaflutole market. Isoxaflutole is generally used to increase the quality and yield of corn and soy as it protects chlorophyll in crops from decomposition by sunlight.
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Drivers and Restraints:
Isoxaflutole market is driven by the factors such as growing demand for food especially in developing regions, rising investment in research and development, rising soy and corn plantations and rising importance for quality among others. The market is constrained by factors like a lack of awareness about phytotoxicity of Isoxaflutole.
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Isoxaflutole market is segmented based on geography as North America, Latin America, Asia-Pacific, Middle East, and Africa and Europe. North America has the largest market share in the world which is followed by Asia-Pacific. Asia-Pacific region is also the fastest growing market in the world because of the huge demand for food in developing nations like India and China.
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The major companies of this the market are DuPont, CropScience, Santa Cruz Biotechnology Ltd., Wanko Chemical Co. Ltd., and Chemos GmbH.
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