Global Guide of Coming Off-patent Agrochemical Active Ingredients - sale volume of penoxsulam applied in non-agriculture market reached about USD140 million
NEW YORK, Oct. 17, 2016 /PRNewswire/ -- Penoxsulam, developed and produced by Dow AgroSciences LLC (Dow AgroSciences), is a trizolopyrimidine herbicide applied in paddy fields with the widest herbicidal spectrum. It has great effect not only on aquatic weeds but also on barnyard grass which has resistance to herbicides like quinclorac, propanil and sulfonylurea.
Penoxsulam was registered in U.S. Environmental Protection Agency in 2004; later in 2005, it got promoted and applied in paddy fields in the southern US in 2005.
In 2006, penoxsulam was used in Spain, Brazil, Columbia, South Korea and Thailand.
In 2007, it was registered in Japan and China. In 2009, penoxsulam finally entered the Chinese market.
"After years of development, penoxsulam enjoys a very potential future in the market," stated Chen Zaoqun, chief editor of Herbicide China News, CCM.
In fact, when penoxsulam first came into the market, the global sales volume was less than USD10 million, but in 2009, the sales volumes reached USD110 million. In 2013, the sales volume climbed to about USD225 million.
Penoxsulam also has a great performance in weed control in non-agriculture market such as in lawns and in orchards. In 2013, the sale volume of penoxsulam applied in non-agriculture market reached about USD140 million, which surpassed that of those applied in paddy fields, USD110 million.
Currently, most of the penoxsulam is applied on paddy fields and the paddy cultivation countries are mainly in Asia-Pacific and East Africa. Those markets belong to middle- and low-end market; thus, it is not difficult for enterprises to register penoxsulam products.
"Penoxsulam' great effect in weeds control makes it be needed in the market and it would be consumed most in Asia-Pacific in the next five years," Chen commented.
Besides, according to CCM's research, there is no substitute product for penoxsulam; thus, penoxsulam would be the key product in weeds control in paddy fields.
If you are interested in finding out the information on coming off-patent agrochemical active ingredients in different countries, you could have a look at our report: Global Guide of Coming Off-patent Agrochemical Active Ingredients.
In this report, you will be able to find the profiles of 36 active ingredients (11 herbicides, 8 insecticides, 17 fungicides) whose patents had been or will be expired during 2015-2020. Each profile of the agrochemical active ingredients includes basic information, history, synthesis route, application, physical & safety data, patent information and registration information in 15 target countries (Argentina, Australia, Belgium, Brazil, Canada, Chile, China, Denmark, Finland, France, Greece, the Netherlands, South Africa, Switzerland and Uruguay).
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Read the full report: http://www.reportlinker.com/p04224672-summary/view-report.html
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