Global Penoxsulam Market Size, Share, Opportunities, And Trends By Crop Type (Rice, Wheat, Soybeans, Others), By Formulation (Liquid Formulations, Granular Formulations, Water-dispersible granules (WDG)), And By Geography - Forecasts From 2025 To 2030

The global penoxsulam market is expected to grow at a CAGR of 5.06%, reaching a market size of US$533.811 billion in 2030 from US$417.128 billion in 2025.

Penoxsulam is a selective herbicide used to manage weeds in a variety of crops, including soybeans, wheat, and rice. It functions by preventing the enzyme acetolactate synthase, which is necessary for plant development. Furthermore, penoxsulam is effective for post-harvest control of Striga, but its usage should be careful because of its dangers to human health and the environment.

Penoxsulam is an herbicide that inhibits the activity of ALS, also known as AHAS, in susceptible plant species. It is taken up by the leaves and stems of the target weeds when spray is applied. It travels throughout the vascular system of the plant as it translocates. Penoxsulam selectively targets and inhibits the ALS enzyme once it is within the plant. The main rice-growing nations use penoxsulam, the herbicide sold the most worldwide for rice. The United States Environmental Protection Agency (USEPA) has categorized penoxsulam as one of the reduced-risk herbicides.

What are the global penoxsulam market drivers?

• Penoxsulam consumption receives a boost from the increased need for high-yielding crop varieties, something that exposes the need for effective weed management practices to boost agricultural productivity. In line with this, the agri-food sector's contribution to the United Kingdom’s GDP in 2022 was £146.7 Billion. Farmers are under more pressure to generate larger yields from their limited agricultural land as the world's population rises and food security becomes a critical problem. Yields are decreased by plants such as weeds because they require the same resources such as light, nutrients, and water as the crops. Consequently, farmers look for efficient measures in the form of fungicides or pesticides for controlling weed growth without damaging crops.

To reduce weed competition, penoxsulam is a hormone herbicide with a good record in selectivity and effectiveness for controlling an array of weeds for boosting rice and high-yielding crops. Therefore, with the help of the USAID product, it is possible to grow crops with interruptions, increasing the quality and quantity of the crops. Moreover, penoxsulam is the perfect solution for this purpose in regions where raising crop yield is essential due to rising food scarcity. This is because it has little or no harm to the environment or any modern or efficient farming techniques. In agricultural markets, these are used to optimize crop yield in countries where rice is often consumed or in those that use intensive farming methods.

• Environmental regulations are another significant indicator that affects the preference for safer herbicides, such as penoxsulam. In most countries, governments and regulatory bodies are establishing measures to minimize these agrochemicals' risks to humans and the environment. These laws often limit or completely ban the use of older and more toxic herbicides, allowing farmers to use less harmful, non-accumulative substitutes. As a result of these regulatory pressures, penoxsulam has risen in popularity because of its mode of action and favorable environmental characteristics, such as relative non-toxicities to non-target organisms and biodegradation in soil and water media.

In addition to these, rising consumer concerns and awareness about pesticide residues in food crops have continued to drive penoxsulam market growth. They have also led to a shift in preference for weed controls less detrimental to the environment, particularly herbicides. This post-emergence selective herbicide answers to the societal push for sustainable farming practices and approval by authorized bodies.

Segment analysis of the global penoxsulam market:

• By crop type, rice is anticipated to be one of the fastest-growing segments in the penoxsulam market.

The Asia-Pacific region, where more than half of the global population depends on rice as the staple food, makes rice the fastest-growing crop, positively affecting the penoxsulam industry. For example, rice production in India from 2022 to 2023 was 1308.37 lakh tonnes as per PIB. The increasing demand for utilization of penoxsulam, which is manufactured for aquatic and terrestrial weeds in rice fields without affecting the rice crop, is attributable to the rising need for efficient weed solutions in paddy production. 

As countries like China, India, and others in southeast Asia try to double yields to feed their populations, the targeted and efficient use of herbicides like penoxsulam is becoming more important. It is an indispensable tool for farmers who seek to get the highest yield from their rice because it can enhance crop productivity by reducing weed interference.

• Asia Pacific’s penoxsulam market is anticipated to grow significantly. 

Since Asia Pacific is one of the major producers and consumers of rice globally, it is anticipated that the penoxsulam market will grow quickly. China, India, Vietnam, and Indonesia are some of the largest rice producers in the international market. For instance, as per the Chinese government, the output of early rice was 28,337 thousand tons in 2023, which increased by 215 thousand tons compared to 2022. These nations are under increased pressure to raise agricultural production to fulfill the growing demands of their expanding populations. 

Penoxsulam is a highly sought-after herbicide in this region due to its broad spectrum of efficiency in eliminating weeds in rice paddies. The use of contemporary agricultural methods, the increased focus on food security, and encouraging government initiatives meant to increase crop yields are all contributing to the demand for penoxsulam. Nonetheless, in India, the development of weed management technologies for diversified cropping systems, the biology and management of problem weeds in cropped and non-cropped areas, and the environmental impact of herbicides have all been areas in which the directorate has been heavily involved.

The herbicide's low toxicity and good environmental profile also help with its rising use as environment-friendly agricultural methods gain hold and environmental restrictions become more stringent.

Key developments in the global penoxsulam market:

• In May 2024, Best Agrolife Ltd (BAL) introduced a new proprietary formulation under the brand name Orisulam, combining Bispyribac Sodium 0.25%, Penoxsulam 0.25%, and Pyrazosulfuron Ethyl 0.20% GR results. CIB & RC have awarded the firm registration as a 9(3) Formulation Indigenous Manufacture (FIM).

The global penoxsulam market is segmented and analyzed as follows:

• By Crop Type
  • Rice
  • Wheat
  • Soybeans
  • Others
• By Formulation
  • Liquid Formulations
  • Granular Formulations
  • Water-dispersible granules (WDG)
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Rest of the Middle East and Africa
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Growing Demand for Rice

4.1.2. Rise in Sustainable and Precision Framing

4.2. Market Restraints

4.2.1. High Costs for Small-Scale Farmers

4.2.2. Competition from Alternative Herbicides

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL PENOXSULAM MARKET BY CROP TYPE

5.1. Introduction

5.2. Rice

5.3. Wheat

5.4. Soybeans

5.5. Others

6. GLOBAL PENOXSULAM MARKET BY FORMULATION

6.1. Introduction

6.2. Liquid Formulations

6.3. Granular Formulations

6.4. Water-dispersible granules (WDG) 

7. GLOBAL PENOXSULAM MARKET BY GEOGRAPHY

7.1. Global Overview

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Rest of South America

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Rest of Europe

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. United Arab Emirates

7.5.3. Rest of the Middle East and Africa

7.6. Asia-Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Corteva Agriscience

9.2. Peptech Biosciences Ltd.

9.3. Nova Agri Group

9.4. Swal Corporation Ltd. 

9.5. Ningbo Tital Unichem Co., Ltd. 

9.6. Crystal Corp

9.7. Best Agrolife Limited

9.8. Chico Crop Science Co., Ltd.

Corteva Agriscience

Peptech Biosciences Ltd.

Nova Agri Group

Swal Corporation Ltd. 

Ningbo Tital Unichem Co., Ltd. 

Crystal Corp

Best Agrolife Limited

Chico Crop Science Co., Ltd.