Trifluralin Market

Trifluralin Market Overview

The Trifluralin Market size is estimated to reach $202.5 million by 2027. Furthermore, it is poised to grow at a CAGR of 3.57% over the forecast period of 2022-2027. Trifluralin is one of the most commonly used pre-emergence herbicides in the world. The chemical is applied on the soil to suppress the root development of grass and weed species. It is observed that trifluralin is inactivated when used in wet soil as they get transformed by reduced soil minerals produced by anaerobic respiration of soil microorganisms. This process is also common in many of the dinitroanilines class of chemicals as well as in picric acid. The robust growth in the demand for food products owing to the rapid rise in global disposable income and population is increasing the demand for herbicides and pesticides as they are crucial for maximizing agricultural output. This is projected to drive the market during the forecast period 2022-2027.

Trifluralin Segmentation Analysis – By Type

The Trifluralin market based on type can be further segmented into Miscible Oil and Granular. The miscible oil segment accounted for the largest share in 2021 and is poised to continue dominating the market during the forecast period 2022-2027. The highly concentrated miscible form can be mixed with water to form an emulsion owing to the presence of emulsifiers in the substance. This ensures that the herbicide is delivered uniformly across the soil surface, thereby minimizing wastage.

However, the Granular segment is projected to witness robust growth at a CAGR of 4.2% during the forecast period. Unlike miscible oil, granular trifluralin comes in a dry form and is combined with organic materials that are water-soluble. The trifluralin present in the product bind near the surface of the soil, creating a protective barrier. Moreover, granular trifluralin can also provide significantly longer periods of control than miscible oil type. FAO estimates that annually between 20 to 40 percent of global crop production is lost to pests. Each year, plant diseases cost the global economy around $220 billion and invasive insects around US$70 billion.

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Trifluralin Segmentation Analysis – By Application

The trifluralin market based on crop type can be further segmented into field crops and fruits & vegetables. The field crop segment held a dominant market share in the year 2021. The high market share of the segment can be attributed to factors such as rising global population, advancements in agricultural technologies, and growth in adoption of capital-intensive agricultural processes in developing regions.

The fruits & vegetable segment is estimated to witness significant growth, with a CAGR of 4.4% over the forecast period of 2022-2027 owing to the growing demand for healthy food products during the COVID-19 pandemic. The consumption of fresh fruits and vegetables has increased owing to the presence of various vitamins and minerals that are crucial for developing immunity and fighting infections. For instance, the World Health Organization recommends the consumption of 4 servings of fruit and 25 servings of vegetables per day to maintain a healthy immune system.

Trifluralin Segmentation Analysis – By Geography The Trifluralin market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the rest of the World. North America is estimated to have the largest share of the market with 33% in 2021 and is predicted to dominate the market during the forecast period 2022-2027. This can be attributed to the large farm size and the growing adoption of technology in the field of agriculture. For instance, the average size of a farm in the US was 444 acres in 2020 while the average farm size of India was only around 3 acres.

The Asia Pacific segment is expected to offer lucrative growth opportunities to the marketers during the forecast period 2022-2027 owing to the rising use of herbicides and pesticides for increasing crop yield. Moreover, the absence of stringent regulations in emerging economies such as China and India is also increasing the demand for Trifluralin.

Trifluralin Market Drivers

The rapid development of the agricultural sector has readily aided the market growth

Rapid growth in the agricultural sector, especially in developing regions is driving the market for Trifluralin. Swift development of the sector is leading to a rise in the disposable income of farmers, which is increasing their purchasing power. This is crucial as most developing regions are eliminating subsidies for pesticide and herbicide products. For instance, India has made significant progress in the agricultural sector owing to the increased use of herbicides and the development of efficient water management and supply system. According to the Indian Brand Equity Foundation (IBEF), the overall agricultural production of India increased from 285.21 million tonnes in 2019 to 296.65 million tonnes in 2020. Moreover, the demand for food grains is projected to reach 345 million tonnes by 2030.

The increasing prevalence of infestation is driving the market

The rising prevalence of invasive plant species in farms is significantly decreasing crop yield. This is driving the market for Trifluralin as it effectively restricts the growth of such plants while not adversely impacting the growth of the crop itself. It is estimated that the average yield loss of corn and soybean cultivation without the use of any herbicides is around 52% and 49.5% respectively. The weeds compete with the crop for essential resources such as sunlight, nutrients, water, space, and other growth requirements, thereby reducing crop yield. In addition, they also reduce the quality of crops as well as reduce the efficiency of other products such as fertilizers and insecticides.

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Trifluralin Market Challenges

Adverse effects of Trifluralin are a major factor impeding the market growth

The adverse effects associated with the use of Trifluralin are anticipated to hamper market growth during the forecast period. The United States Environmental Protection Agency (EPA) classifies trifluralin as a group C, a possible human carcinogen. It has been observed in some studies that trifluralin is carcinogenic to some animals. Moreover, the sale of trifluralin is banned in the European Union owing to its adverse effects on aquatic life. Furthermore, the US EPA considers the substance as a hazardous air pollutant and is regulated under the Clean Air Act. Such regulations and restrictions are further decreasing the demand for the product in developed regions.

Trifluralin Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the market. Trifluralin top 10 companies include:

BASF SE

Adama Agriculture Solution

Haoyang Chemical Industry

Gowan Company

Chongqing Shurong Chemical

Dow Agrosciences

Nufarm S.A.S

Shenzhen Sunrising Industry

Shandong Qiaochang Chemistry

Jiangsu Aijin Agrochemical

Recent Developments

In September 2020, it was reported that the UK, Spain, and Italy exported around 15,983 tonnes of paraquat and the herbicide trifluralin, even though they were banned in the EU. This is increasing the campaign to ban the export of banned substances trifluralin from the EU as it is harming the importing countries.

Key Takeaways

Geographically, the North American segment held a dominant market share in the year 2021. This can be attributed to the rising demand for herbicides in the region for combating the rising prevalence of parasitic and invasive weed species in the region. The Asia Pacific segment is anticipated to witness the fastest growth during the forecast period owing to the presence of less stringent regulations.

Loss of crops owing to invasive plant species is anticipated to drive the market during the forecast period. However, adverse environmental and health effects associated with the use of Trifluralin is projected to hamper growth opportunities.

A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Trifluralin Market Report.

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