Trifluralin Market Overview
The Trifluralin Market size is estimated to reach $202.5 million by 2027. Furthermore, it is poised to grow at a CAGR of 3.57% over the forecast period of 2022-2027. Trifluralin is one of the most commonly used pre-emergence herbicides in the world. The chemical is applied on the soil to suppress the root development of grass and weed species. It is observed that trifluralin is inactivated when used in wet soil as they get transformed by reduced soil minerals produced by anaerobic respiration of soil microorganisms. This process is also common in many of the dinitroanilines class of chemicals as well as in picric acid. The robust growth in the demand for food products owing to the rapid rise in global disposable income and population is increasing the demand for herbicides and pesticides as they are crucial for maximizing agricultural output. This is projected to drive the market during the forecast period 2022-2027.
Trifluralin Market Report Coverage
report: “Trifluralin Market Forecast (2022-2027)", by Industry ARC covers an
in-depth analysis of the following segments of the Trifluralin Market.
By Type: Miscible
Oil and Granular.
By Crop Type: Field Crops, and Fruits & Vegetables.
By Application: Annual Grasses, Spurrey, Wireweed, Fathen, Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).
- Geographically, the North American segment held a dominant market share in the year 2021. This can be attributed to the rising demand for herbicides in the region for combating the rising prevalence of parasitic and invasive weed species in the region. The Asia Pacific segment is anticipated to witness the fastest growth during the forecast period owing to the presence of less stringent regulations.
- Loss of crops owing to invasive plant species is anticipated to drive the market during the forecast period. However, adverse environmental and health effects associated with the use of Trifluralin is projected to hamper growth opportunities.
- A detailed analysis of strengths,
weaknesses, opportunities, and threats will be provided in the Trifluralin Market
Trifluralin Market- Geography (%) for 2021.
Trifluralin Segmentation Analysis - By Type
The Trifluralin market based on type can be
further segmented into Miscible Oil and Granular. The miscible oil segment accounted
for the largest share in 2021 and is poised to continue dominating the market
during the forecast period 2022-2027. The highly concentrated miscible form can
be mixed with water to form an emulsion owing to the presence of emulsifiers in
the substance. This ensures that the herbicide is delivered uniformly across
the soil surface, thereby minimizing wastage.
However, the Granular segment is projected
to witness robust growth at a CAGR of 4.2% during the forecast period. Unlike
miscible oil, granular trifluralin comes in a dry form and is combined with
organic materials that are water-soluble. The trifluralin present in the
product bind near the surface of the soil, creating a protective barrier.
Moreover, granular trifluralin can also provide significantly longer periods of
control than miscible oil type. FAO estimates that
annually between 20 to 40 percent of global crop production is lost to pests.
Each year, plant diseases cost the global economy around $220 billion and
invasive insects around US$70 billion.
Trifluralin Segmentation Analysis - By Application
The trifluralin market based on crop type can
be further segmented into field crops and fruits & vegetables. The field
crop segment held a
dominant market share in the year 2021. The high market share of the segment
can be attributed to factors such as rising global population, advancements in
agricultural technologies, and growth in adoption of capital-intensive
agricultural processes in developing regions.
& vegetable segment is estimated to witness significant growth, with a CAGR
of 4.4% over the forecast period of 2022-2027 owing to the growing demand for
healthy food products during the COVID-19 pandemic. The consumption of fresh
fruits and vegetables has increased owing to the presence of various vitamins
and minerals that are crucial for developing immunity and fighting infections.
For instance, the World Health Organization recommends the consumption of 4
servings of fruit and 25 servings of vegetables per day to maintain a healthy
Trifluralin Segmentation Analysis - By Geography
The Trifluralin market based on Geography
can be further segmented into North America, Europe, Asia-Pacific, South
America, and the rest of the World. North America is estimated to have the
largest share of the market with 33% in 2021 and is predicted to dominate the market
during the forecast period 2022-2027. This can be attributed to the large farm size
and the growing adoption of technology in the field of agriculture. For instance,
the average size of a farm in the US was 444 acres in 2020 while the average
farm size of India was only around 3 acres.
The Asia Pacific segment is expected to offer lucrative growth opportunities to the marketers during the forecast period 2022-2027 owing to the rising use of herbicides and pesticides for increasing crop yield. Moreover, the absence of stringent regulations in emerging economies such as China and India is also increasing the demand for Trifluralin.
Trifluralin Market Drivers
The rapid development of the agricultural sector has readily aided the market growth
Rapid growth in the agricultural sector,
especially in developing regions is driving the market for Trifluralin. Swift
development of the sector is leading to a rise in the disposable income of farmers,
which is increasing their purchasing power. This is crucial as most developing
regions are eliminating subsidies for pesticide and herbicide products. For
instance, India has made significant progress in the agricultural sector owing to
the increased use of herbicides and the development of efficient water
management and supply system. According to the Indian Brand Equity Foundation
(IBEF), the overall agricultural production of India increased from 285.21
million tonnes in 2019 to 296.65 million tonnes in 2020. Moreover, the demand
for food grains is projected to reach 345 million tonnes by 2030.
The increasing prevalence of infestation is driving the market
The rising prevalence of invasive plant
species in farms is significantly decreasing crop yield. This is driving the
market for Trifluralin as it effectively restricts the growth of such plants
while not adversely impacting the growth of the crop itself. It is estimated
that the average yield loss of corn and soybean cultivation without the use of
any herbicides is around 52% and 49.5% respectively. The weeds compete with the
crop for essential resources such as sunlight, nutrients, water, space, and
other growth requirements, thereby reducing crop yield. In addition, they also
reduce the quality of crops as well as reduce the efficiency of other products such
as fertilizers and insecticides.
Trifluralin Market Challenges
Adverse effects of Trifluralin are a major factor impeding the market growth
The adverse effects associated with the use
of Trifluralin are anticipated to hamper market growth during the forecast
period. The United States Environmental Protection Agency (EPA) classifies trifluralin
as a group C, a possible human carcinogen. It has been observed in some studies
that trifluralin is carcinogenic to some animals. Moreover, the sale of trifluralin
is banned in the European Union owing to its adverse effects on aquatic life.
Furthermore, the US EPA considers the substance as a hazardous air pollutant
and is regulated under the Clean Air Act. Such regulations and restrictions are
further decreasing the demand for the product in developed regions.
Trifluralin Industry Outlook
Product launches, mergers and acquisitions,
joint ventures, and geographical expansions are key strategies adopted by
players in the market. Trifluralin top 10 companies include:
- BASF SE
- Adama Agriculture Solution
- Haoyang Chemical Industry
- Gowan Company
- Chongqing Shurong Chemical
- Dow Agrosciences
- Nufarm S.A.S
- Shenzhen Sunrising Industry
- Shandong Qiaochang Chemistry
- Jiangsu Aijin Agrochemical
- In September 2020, it was reported that the UK, Spain, and Italy exported around 15,983 tonnes of paraquat and the herbicide trifluralin, even though they were banned in the EU. This is increasing the campaign to ban the export of banned substances trifluralin from the EU as it is harming the importing countries.
Market - Forecast (2022 - 2027)
Report Code- CMR 0421
Agrochemicals Market - Forecast (2022 - 2027)
Report Code- CMR 0115
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