Oryzalin Market - Forecast (2022 - 2027)

The Oryzalin Market size is forecast to reach $XX million by 2027, after growing at a CAGR of XX% during 2022-2027. The growth of the global oryzalin market is driven by the increasing demand for oryzalin from the agricultural industry. Oryzalin is a widely used surface-applied Herbicides to combat perennial broadleaf weeds and grasses. It regulates the growth of weed seeds that germinate. It is an active factor used in orchards, vineyards and row crops to manage grass and weeds. Rising demand from the forest division is expected to fuel the market demand for oryzalin to manage grass growth in the forest.

Report Coverage

The report: “Oryzalin Market- Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Oryzalin Industry.

• By Application: Agricultural Crops (Fruits, Vegetables, Wheat & Barley, Others), Turf grass, Nursery, Commercial Landscapes, Forestry and others.
• By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

• the Asia Pacific dominates the market, owing to the increasing agricultural investments by the government in the region. In May 2019, NABARD announced an investment of Rs 700 crore (US$ 100 million) venture capital fund for equity investments in agriculture and rural-focused start-ups in India.
• Globally, development in anti-mitotic agents such as Colchicine is growing demand for oryzalin from the agriculture industry is the key factor expected to drive the global oryzalin market.
• Due to the COVID-19 Pandemic most of the countries have gone under lockdown, due to which operations of various industries such as agriculture and horticulture have been negatively affected, which is hampering the oryzalin market growth.

Oryzalin Market Segment Analysis - By Application

Oryzalin is widely used for controlling grass and weeds in orchards, vineyards and row crops. It is also used as a pre-emergence herbicide which, as they germinate, destroys the seedlings. By destroying young, developing plants by inhibiting the division of cells in the plant, Oryzalin acts as an herbicide. Some protein molecules called tubulin combine to form microtubules as cells divide, which are long structures such as fibers. In the division of cells in plants, these structures play a key role. Oryzalin does not allow the fiber structures to combine together when added to plants, thereby disrupting the division of cells.

Oryzalin Market Segment Analysis - Geography

Asia Pacific region held the largest share in the Oryzalin market in 2019 up to 28%, owing to the increasing agricultural investments by the government in the region. The governments are spending heavily on initiatives and investments in the field of agriculture. For instance, in 2016, according to China’s Ministry of Agriculture, over 1,300 Chinese enterprises had overseas investments in agriculture, forestry, and fisheries valued at $26 billion. The total quantum of private investment in India is projected to increase (with an added investment of Rs. 78,424 crore) from Rs. 61,000 crores in 2015-16 to Rs. 139,424 crores by 2022-23. The Indian government introduced Pradhan Mantri Samman Nidhi Yojana under Budget 2019-20, in which a minimum fixed pension of Rs 3000 (US$ 42.92) is to be provided to the eligible small and marginal farmers, on attaining the age of 60 years. In Japan, a digital farming technology has been developed to help experienced farmers to use water and fertilizers more efficiently. Thus, such government initiatives are increasing the agricultural sector which is further increasing the oryzalin demand.

Oryzalin Market Drivers

Increasing agricultural initiatives by the government

The governments are spending heavily on initiatives and investments in the field of agriculture as it is one of the most effective ways of enhancing environmental sustainability. The United States Department of Agriculture took an initiative - “The Agriculture and Food Research Initiative (AFRI)” to ensure food safety and security and train the next generation of the agricultural workforce. In 2020, the Canadian government invested a total of $560,000 on the Canadian Federation of Agriculture (CFA) to develop the Canadian Agri-Food Sustainability Initiative. The European government has taken initiatives such as Common Agricultural Policy (CAP) and Young Farmers. The 2010- 2013 National Strategy for France’s Sustainable Development aimed to develop a more sustainable food production and support a green economy and business innovation, and during the tenure it achieved a higher domestic organic production and consumption. Thus, the various agricultural initiatives by the government are booming the agricultural sector in various regions. And with the increasing agricultural sector the demand for oryzalin is also increasing.

Oryzalin Market Challenges

Hazardous effects of oryzalin

The adverse effects of oryzalin are likely to hamper the growth of the global demand for oryzalin. It is reported that this herbicide is harmful for human health. Many oryzalin-containing herbicides cause eye irritation, leading to skin allergies in individuals who are exposed to oryzalin for a longer period of time. Anemia, cancer and tumors are the chronic symptoms of oryzalin. Oryzalin has been reported as a possible human carcinogen by the U.S. Environmental Protection Agency. As a water contaminant, it is also reported. Such factors are likely to hinder the growth of the global demand for oryzalin in the coming years.

Emergence of COVID-19

The outbreak of coronavirus has impacted the growth of the oryzalin market. Industries are shuttered all around the world and people stuck in their houses due to lockdown. Disruption of the supply chain led huge losses to the farmers. Late deliveries of agricultural products impacted the farmers which in turn hampered the growth of the oryzalin market. According to the Agricultural and Processed Food Products Export Development Authority (APEDA) India's fruits and vegetables export declined by 16% and reached at $1 billion for the period between April 2019 and January 2020, from $1.19 billion for the same period the previous year. In addition, World Trade Organization forecasted that the global trade will fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world, subsequently affecting the growth of the oryzalin market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Oryzalin Market. In 2019, the market of Oryzalin Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Oryzalin market includes Adama, Alligare LLC, Rosi Chemical Co., Ltd., Uniphos Enterprises, MANA, Nufarm Americas Inc, United Phosphorus Ltd., JAI RADHE SALES, Southern Agricultural Insecticides, Inc., Southern Agricultural Insecticides, Inc. and BESSEN CHEMICAL CO., LTD among others.


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