Paraquat Dichloride Market: By Application (Herbicide, Desiccant, Defoliant, Plant Growth Regulator, Others) & By Geography (Europe, Asia Pacific, North America, Rest of the World)-Forecast (2016-2021)
Dec 15 2016
Paraquat dichloride is organic in nature and is a chloride salt of paraquat. Paraquat dichloride also known as 1, 1- dimethyl-4, 4’-bipyridinium is classified as a viologen, which is a family of redox - active heterocyclic’s of similar structures. Paraquat dichloride is majorly used as a non-selective and quick acting herbicide, which kills plant tissues directly on contact. However, it seeps into ground water and contaminate it, thereby reducing the quality of drinking water. It is extremely phototoxic and hence Environmental Protection Agency (EPA) recommended that the use of this chemical be stopped. Globally, increasing agricultural activities, growing demand for herbicides in order to get rid of unwanted plants and weeds, and increasing government initiative across the globe are the prime growth drivers of global paraquat dichloride market. In addition, increase in adoption of paraquat dichloride in emerging economies such as China, India and others, will create new opportunities for global paraquat dichloride market. However, higher cost of the research and development, hazardous to human health, and stringent government environmental regulations are the key restraints for global paraquat dichloride market.
Geographically Asia Pacific dominated global paraquat dichloride market and is projected to have fastest growth, owing to rapidly increasing agricultural activities, rise in consumer awareness, favourable government policies, and rising need to get rid of unwanted plants and weeds in forest areas, for reforestation, to clear weeds, which hamper the cultivation and the growth of crops among others in developing nations such as China, and India in this region. Among all the application, herbicides has the highest market share in global paraquat dichloride market.
This report identifies the global paraquat dichloride market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global paraquat dichloride market.
This report segments global paraquat dichloride market on the basis of application and regional market as follows:
- The report has focused study on paraquat dichloride market by basis of application such as: Herbicide, Desiccant, Defoliant, Plant Growth Regulator, and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the paraquat dichloride market. Some of the major companies’ profiles in detail are as follows:
- Bhaskar Agrochemicals Ltd.
- Dow Agrosciences Ltd.
- Canary Agro Chemicals Pvt. Ltd.
- 9Ci agrochemicals Ltd.
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