Global Atrazine Market - 2023-2030

Overview:

Global Atrazine Market reached US$ 1.6 billion in 2022 and is expected to reach US$ 2.73 billion by 2030, growing with a CAGR of 6.9% during the forecast period 2023-2030.

Farmers are increasingly more focused on enhancing agricultural productivity to meet the developing demand for food. By coping with weeds, that may compete with crops for vitamins, sunlight, and water, atrazine can assist in boosting crop yield. To manipulate weeds in plants such as corn, millet, sugarcane, and barley, glyphosate is predominantly utilized in agriculture.

The volume of cultivated land and farming practices immediately impact the demand for atrazine. For instance, a better quantity of corn plantations may additionally lead to an increased demand for atrazine. According to the European Union (EU) Wheat Monitoring Agency, wheat production in the EU is anticipated to attain 135.0 million metric lots (MMT) in the advertising year (MY) 2023/2024, an upward push of 0.9 MMT (1%) from the previous year and 2% above the 5-12 months common. As wheat manufacturing grows, atrazine herbicides may be vital to enhance crop productivity.

Dynamics:

Increasing Research and Development Activities

Atrazine, a widely identified disruptor of the endocrine system, has been associated with numerous health issues, including the development of cancer. Consequently, mounting issues have arisen concerning atrazine's environmental effect, mainly due to the initiation of studies efforts aimed toward growing more ecologically pleasant herbicides. In light of these issues, agrochemical corporations have made widespread investments in studies and development endeavors to formulate herbicides that can be environmentally sustainable.

As a response, the market demand has witnessed a shift closer to the utilization of bio-based totally and organic herbicides, in addition to the adoption of integrated pest control (IPM) techniques. Prominent groups usually interact in research and development activities to provide progressive solutions to cope with the problems surrounding atrazine. These endeavors, in turn, foster a demand for the expansion of the market.

For instance, on March 24, 2022, BASF added a groundbreaking sugarcane herbicide known as Vesnit Complete (Benazolin + Atrazine) in India. This pioneering approach revolutionizes manufacturers' capacity to efficiently manage post-emergence weeds, ultimately resulting in more desirable crop yields and progressed well-being.

More Selective Herbicides are in High Demand

Farmers are actively seeking greater custom-designed herbicides that could effectively dispose of weeds while causing no harm to their vegetation. This developing demand has caused the development of herbicides which might be drastically extra selective compared to atrazine, which has been relied upon by using maize, sorghum, and sugar cane manufacturers inside the United States for over half a century to ensure sustainable food manufacturing.

Moreover, Syngenta has highlighted that atrazine no longer simplest contributes to international meal safety however additionally plays a critical position in keeping the surroundings and shielding key animal habitats. Through the merchandising of conservation tillage and no-till farming practices, atrazine assists farmers in preventing an estimated 85 million lots of soil erosion yearly. Additionally, atrazine, in conjunction with simazine, a closely related herbicide, saves American consumers from $4.3 to almost $6.2 billion every year, in most cases with the aid of reducing prices of meat, eggs, dairy merchandise, and ethanol used as fuel.

Furthermore, Indian sugarcane manufacturers now have entry to to BASF's groundbreaking herbicide referred to as Vesnit, which is in particular designed to efficiently manage each grassy and broadleaf weed. This progressive product is set to be available in March 2022 and guarantees to noticeably decorate post-emergence weed control for manufacturers, in the end leading to healthier crop yields. It is worth noting that India is the second-largest global producer of sugarcane. However, the superiority of numerous grassland and broadleaf weeds poses a big undertaking for Indian sugarcane manufacturers.

Availability of Alternative Herbicides

The presence of replacement weed killers holds the potential to substantially impact the boom of the atrazine market growth. When more efficient or green weed killers turn out to be handy, they may without delay compete inside the weed killer market demand with Atrazine. Farmers would possibly opt for these alternatives, reducing the demand for Atrazine.

In addition, companies are developing innovative answers as substitutes for Atrazine, which will avert the expansion of the marketplace in the course of the projected duration. For instance, on July 21, 2023, Syngenta unveiled a unique product called Storen, which contains bicyclopyrone, mesotrione, S-metolachlor, and pyroxasulfone. This product has received approval from the EPA for usage in 2024. Storen may be used for both pre- and post-emergence remedies in field corn and seed corn. It efficiently controls more than seventy-four one-of-a-kind weed species.

As alternative options that doubtlessly have fewer environmental concerns benefit reputation, regulatory bodies might also assess and impose stricter regulations on the use of Atrazine. This may want to in addition obstruct its market position enlargement. For example, on June 26, 2023, MEPs from the Environment Committee expressed their stance on safeguarding groundwater and surface water bodies from infection, as well as enhancing water first-class requirements. The MEPs are known for greater stringent standards for glyphosate, bisphenol (overall bisphenol), atrazine, medicinal drugs, and non-relevant pesticide metabolites.

Segment Analysis:

The global atrazine market is segmented based on type, form, crop type, distribution channel, mode of application, stage of application and region.

Demand for Cereal Crop Production

Atrazine, an extensively used herbicide within the cultivation of cereal vegetation, plays a critical function in coping with unwanted plants. The class of grains emerges because the maximum profitable. Essential crops along with wheat, corn, rice, and barley play an important role in nourishing the arena's population. Atrazine successfully combats a numerous variety of plants, together with both grass and broadleaf weeds. The competition from these weeds can considerably impact the yield of cereal vegetation, particularly corn and wheat. By helping in the management of weed populations, atrazine promotes the growth of healthier and greater productive cereal plants.

Following the Food and Agriculture Organization's contemporary estimation, international cereal manufacturing is projected to grow by 5.9 million tonnes (zero 2 percent) in July compared to the previous month. This record-breaking output reaches an extraordinary excessive of 2,819 million tonnes, marking a 1.1% yr-on-year boom. The primary element behind the surge is the stepped-forward forecast for worldwide wheat production, which's expected to upward push by 0.9 percent to attain 783.3 million tonnes. However, this discernment still falls brief utilizing 18.4 million tonnes compared to the report set in 2022.

Geographical Penetration:

North America Dominates the Atrazine Market

The market of Atrazine in North America dominated due to its considerable agricultural practices. Atrazine, an effective weed killer, is frequently applied to control undesirable plants in corn and sorghum harvests. It has been extensively employed as an herbicide in the United States for numerous years. The US is a tremendous agricultural producer, and atrazine is drastically used to combat weeds in corn, soybeans, wheat, and different plants.

American corn farmers accomplished a first-rate 15.1 billion bushels, marking a 7% boom from 2020 and the second-highest yield ever recorded. The corn yield inside the United States is estimated to reach a record-breaking 177.0 bushels in step with acre, surpassing the 2020 yield of 171.4 bushels in line with acre by way of 5.6 bushels.

Additionally, the grain region harvested, which stands at a substantial 85.4 million acres, has seen a 4% upward push as compared to the figures supplied by the USDA in 2020. Consequently, the demand for cereals and crops necessary to control weeds and increased production potential is using the boost of the atrazine market in North America.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include Syngenta, FMC Corporation, Nufarm, ADAMA, Drexel Chemical Company, Zagro, Sipcam Agro USA, Inc., Rallis India Limited, Rainbow Agro and Bharat Group

COVID-19 Impact Analysis

The atrazine market has been substantially laid low with the COVID-19 pandemic. The international supply chains have been disrupted, resulting in shortages of atrazine and different agricultural chemical substances. As a result, the expenses have surged, making atrazine more expensive for farmers. Additionally, the pandemic has brought on an upsurge in meal demand, as human beings are eating more food at home. Consequently, there's an improved need for atrazine in view that it's an important element in several herbicides applied to control crop weeds.

Furthermore, China mainly specializes in exporting atrazine, with a massive part of the yearly home production being allocated to atrazine technical and formulations. The pandemic has severely disrupted the global delivery chains. This disruption inside the supply chain in 2022 has generated a surge in marketplace calls. For example, China noticed a 58.5% increase in exported herbicides, valued at 7.817 billion in 2022 as compared to the previous year.

Russia-Ukraine War Impact Analysis

The war between Russia and Ukraine has the potential to have a significant impact on the Atrazine industry in various ways. Throughout history, Ukraine has been a major player in the production of corn, a primary crop that heavily relies on Atrazine as a herbicide. With the ongoing conflict disrupting agricultural activities, there will likely be consequences for both the supply and demand aspects of the Atrazine market. Disruptions in supply, such as interruptions in the production or distribution of Atrazine within Ukraine, have the potential to cause fluctuations in global prices of Atrazine.

Further, the uncertain agricultural future of Ukraine may influence the decisions made by farmers regarding crop planting and the use of herbicides, ultimately affecting the demand for Atrazine and other similar products. Additionally, the conflict could also lead to changes in trade routes and export capabilities, which would further impact the international Atrazine market.

By Type

• 50% Wettable Powder
• 40% Suspension

By From

• Liquid
• Dry

By Crop Type

• Cereals
• Sugar Crops
• Oil Bearing Crops
• Others

By Distribution Channel

• E-Commerce
• Specialty Stores
• Hypermarket/Supermarket
• Others

By Mode of Application

• Surface Application
• Herbigation
• Foilar

By Stage of Application

• Pre-Plant
• Pre-Emergency
• Post-Emergency

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On March 15, 2022, Sugarcane farmers in India now have a new choice for grasses & and broadleaf weeds manipulated with an innovative herbicide, Vesnit Complete launched these days with the aid of BASF. Vesnit Complete is a progressive aggregate of Topramezone and atrazine, different modes of motion, and an in-built adjuvant which makes it specific in efficiently controlling grasses & and broadleaf weeds for longer duration.
• On July 22, 2022, The National Corn Growers Association (NCGA) launched a call-to-movement asking advocates to submit remarks to EPA in response to the current declaration that they may be revising the registration for atrazine.

Why Purchase the Report?

• To visualize the global atrazine market segmentation based on type, form, crop type, distribution channel, mode of application, stage of application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of atrazine market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global atrazine market report would provide approximately 85 tables, 87 figures and 198 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies