Penoxsulam Market

By Product;

Liquid Concentration and Granules

By Crop;

Rice, Aquatic Plants and Others

By Application;

Agrochemical, Fertilizer, Pharmaceutical, Food Additive, Biochemical and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn203408132 Published Date: September, 2025 Updated Date: October, 2025

Penoxsulam Market Overview

Penoxsulam Market (USD Million)

Penoxsulam Market was valued at USD 390.74 million in the year 2024. The size of this market is expected to increase to USD 546.15 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.


Penoxsulam Market

*Market size in USD million

CAGR 4.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.9 %
Market Size (2024)USD 390.74 Million
Market Size (2031)USD 546.15 Million
Market ConcentrationHigh
Report Pages323
390.74
2024
546.15
2031

Major Players

  • DOW
  • Bayer AG
  • BASF SE
  • Syngeta
  • Nufarm
  • Monsanto Company
  • Lanxess
  • Sumitomo Chemical
  • UPL
  • Shijiazhuang Xingbai Bioengineering Co.ltd
  • Hangzhou Tianlong Biotechnology

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Penoxsulam Market

Fragmented - Highly competitive market without dominant players


The Penoxsulam Market is experiencing strong growth as demand for innovative herbicide formulations rises across agriculture. More than 65% of producers now prefer penoxsulam-based solutions for their superior selectivity and ability to manage a wide range of weeds. The focus on high-yield crop protection methods is significantly driving market expansion.

Growing Focus on Sustainable Crop Protection
Sustainability is a vital driver of the Penoxsulam Market, with over 58% of manufacturers channeling efforts toward environmentally friendly herbicides. Its low toxicity profile and reduced ecological footprint make it a preferred choice for maintaining soil health and protecting water resources. This shift promotes eco-friendly farming practices while supporting long-term agricultural productivity.

Technological Advancements Enhancing Efficacy
The industry is witnessing continuous technological improvements that refine herbicide efficiency. Around 55% of producers are adopting next-generation formulations to strengthen weed resistance management and improve yields. Advanced controlled-release technologies are also gaining traction, helping reduce costs while boosting precision in application.

Rising Investments in Research and Development
Investment in R&D initiatives continues to shape the future of the Penoxsulam Market. Close to 52% of producers are partnering with agrochemical research centers to design advanced resistance solutions and optimize dosage effectiveness. These efforts are paving the way for more sustainable, high-performance herbicide options to meet evolving farming challenges.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Crop
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Penoxsulam Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for effective weed control solutions
        2. Advancements in agricultural practices
        3. Need for enhanced crop productivity
      2. Restraints
        1. High cost of herbicide formulation
        2. Regulatory restrictions and approval processes
        3. Potential for weed resistance development
      3. Opportunities
        1. Expansion in emerging agricultural markets
        2. Development of new formulations and application methods
        3. Integration with other crop management practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Penoxsulam Market, By Product, 2021 - 2031 (USD Million)
      1. Liquid Concentration
      2. Granules
    2. Penoxsulam Market, By Crop, 2021 - 2031 (USD Million)
      1. Rice
      2. Aquatic Plants
      3. Others
    3. Penoxsulam Market, By Application, 2021 - 2031 (USD Million)
      1. Agrochemical
      2. Fertilizer
      3. Pharmaceutical
      4. Food Additive
      5. Biochemical
      6. Others
    4. Penoxsulam Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. `Company Profiles
      1. Dow (Dow AgroSciences)
      2. BASF SE
      3. Bayer AG / Bayer CropScience
      4. Syngenta International AG
      5. DuPont / DuPont de Nemours
      6. Sumitomo Chemical Co., Ltd.
      7. Nufarm Ltd
      8. Arysta Lifescience
      9. Shijiazhuang Xingbai Bioengineering Co. Ltd.
      10. Hangzhou Tianlong Biotechnology Co. Ltd.
      11. Corteva
      12. UPL Ltd
      13. Certis USA LLC
      14. Novozymes
      15. Chemtura Corp
  7. Analyst Views
  8. Future Outlook of the Market