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【Market research】New Horizons for Herbicides - Analysis of 2020 Global Top 20 Molecules and Top Cropsqrcode

Dec. 14, 2021

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Dec. 14, 2021

Highlights:


  • Largest increase in herbicide consumption is to occur in Asia by 2050. LATAM countries are also expected to drive demand for herbicides.

  • About 20 molecules encompass over 55% of the global herbicide market. 17 of the top 20 molecules are selective herbicides.

  • Top crops using herbicides are cereals, soybean, maize, rice and sugarcane. 

  • Flumioxazin, Pendimethalin, Clomazone and Sulfentrazone are the major pre-emergence herbicides that find application in a wide range of crops, especially in the top crops by consumption in this segment.

  • China in particular, remained one of the major exporters of Sulfentrazone technical worldwide, until recently. India is emerging to be a production hub for Sulfentrazone. 


Every year, crop protection chemicals save around 50% of yield losses, caused by pests, diseases and weeds. The fact that 800 plant protection chemicals are registered worldwide is a testament to the speed with which the industry has been evolving. It also speaks volumes about the increasing demand for newer and more custom-made solutions as time moves on. As we slowly emerge out of the pandemic, the need to secure food supply is set to be top priority in every nation. And with climate change looming large, the vagaries of biotic and abiotic factors affecting a crop are today more pronounced than ever before. And it throws the door wide open for newer, unprecedented challenges to the farming community, keeping the researchers, policy makers and industry players on their toes. 


Herbicides to the fore


If we can be sure of one thing, it’s that however the challenges unfold, herbicides are set to play a vital role in it. The global crop protection market size for 2020 was estimated at USD 62.04 billion and is expected to grow at a CAGR of 2.3%. Herbicides continue to dominate the business by a whopping 44% at USD 27.4 billion followed by fungicides (USD 16.8 billion) and insecticides (USD 15.6 billion) taking 27% and 25% market share between them. 


Population trends indicate the largest increase in herbicide consumption is to occur in Asia by 2050. Also, significant changes in farm policies in LATAM countries are also expected to drive demand for herbicides – in order to increase crop yield and productivity.

Emerging Trend in Herbicides-2.jpg 

A recent study indicates that about 20 molecules encompass over 55% of the global herbicide market. Glyphosate remains numero uno contributing to about 21% of the total herbicide market at USD 5855 million in spite of many major regulations implemented on the usage of this herbicide worldwide. Glufosinate ammonium comes a by-far second at USD 1220 million, having posted a healthy CAGR of 17% during the period 2016-2020. 17 of the top 20 molecules in this segment are selective herbicides. Other molecules that registered a double-digit growth rate are Dicamba, at a staggering 27%, Nicosulfuron at 16%, Sulfentrazone at 13% and Clethodim at 10% for the period 2016-2020.


Top 20 Molecules in Global Herbicide Market

Product

Value (USD mn.)

2016

2017

2018

2019

2020*

Glyphosate

4408

5110

5325

5251

5855

Glufosinate Ammonium

660

750

916

980

1220

2,4-D

585

671

748

815

910

Mesotrione

650

709

780

800

470

Atrazine

560

590

655

668

590

Metolachlor

590

608

645

630

tbc

Paraquat dichloride

610

568

585

620

850

Acetochlor

420

452

475

452

425

Pinoxaden

390

421

435

421

440

Dicamba

270

341

388

409

700

Flumioxazin

350

336

380

402

tbc

Pendimethalin

335

393

405

397

390

Clomazone

300

320

365

375

tbc

Clethodim

260

283

309

348

380

Picloram

260

294

310

321

tbc

Nicosulfuron

220

267

282

295

395

Sulfentrazone

210

253

280

293

345

Fenoxaprop

180

266

272

286

tbc

Clodinafop Propargyl

165

273

282

275

tbc

Isoxaflutole

220

235

258

265

tbc


If we look at the top crops using agrochemical products we find Soybean and Maize dominating consumption individually, followed by Rice and Sugarcane. As composites, Cereals, and Fruits & Vegetables are the top crops for the year 2020. Maize and Soybean rule the roost, particularly in the herbicide segment, with increase in planted areas in LatAm as the region witnesses a paradigm shift in its agricultural policies brought about by the geo-political climate.


Crop-wise share of Crop Protection Products - 2020

Crop

Value (USD mn)

Herbicides

Insecticides

Fungicides

Others

Total

Cereals

5,375

907

3,190

391

9,863

Maize

4,491

2,345

2,692

62

9,589

Soybean

4,903

1,418

645

50

7,017

Rice

2,479

2,251

1,533

120

6,381

Other Fruits & Vegetables

899

1,537

235

304

2,975

Other crops

313

376

1,205

181

2,075

Sugarcane

474

536

900

110

2,019

Oilseed Rape

1,207

535

172

88

2,002

Cotton

470

480

921

81

1,952

Sunflower

1,081

322

503

37

1,944

Sugarbeet

490

104

120

3

717

Pome fruit

825

72

40

0

937

Potato

2,253

3,299

3,282

414

9,248

Vine

2,148

1,499

1,368

303

5,318

Total

27,407

15,681

16,804

2,144

62,036


Mesotrione, Atrazine and Nicosulfuron are exclusive herbicides for broad spectrum control of weeds in Maize. Flumioxazin, Pendimethalin, Clomazone and Sulfentrazone are the major pre-emergence herbicides that find application in a wide range of crops, especially in the top crops by consumption in this segment. Among this, Flumioxazin and Sulfentrazone are known to exhibit both pre-emergence and post-emergence activity thus giving longer residual control in broader spectrum of annual grasses and broad leaf weeds. Research studies taken up by various institutions globally suggest that Sulfentrazone has an edge over Flumioxazin in the control of sedges, thereby garnering wider acceptance in the farming community.


We first come across Sulfentrazone at the time of its launch in the mid-nineties by the FMC Corporation. It was introduced for Soybean crop in Brazil starting from that period. Later on, combinations of Sulfentrazone with S-Metolachlor, Imazethapyr, Chlorimuron ethyl were introduced to tap into its full potential.  Today, Sulfentrazone is a popular choice for weed management in Soybean and Sugarcane crop, particularly in the US and Latin America.


In recent times, Sulfentrazone again rose to the occasion to meet the challenge of glyphosate-resistant weeds in the US. Some difficult market conditions seem to have caused a dip in its usage around 2015, with consumption restricted to around USD 200 million. The molecule emerged stronger with favourable market conditions. But Sulfentrazone proved that it is here to stay, with a resurgence in the following years.

Emerging Trend in Herbicides-4.jpg

Though the Americas continue to be the hotspot for consumption, Asia commands Sulfentrazone production globally. China in particular, remained one of the major exporters of Sulfentrazone technical worldwide, until recently. In the past few years, a new players has stepped up into the spotlight, quite notably, India. The subcontinent is emerging to be a production hub for Sulfentrazone apart from the other agrochemicals it is known for. 


Manufacturer-Wise Export Volumes for Sulfentrazone Tech. (2017-2020)



Name of the Company

Exporting Country

Volumes in terms of Tech. (MT)


2017

2018

2019

2020


Jiangsu Baozong & Baoda Pharmaceutical Co., Ltd.

China

1,760

2,064

2,032

1,435


Jiangsu Lianhe Chemical Technology Co., Ltd.

China

2,900

2,845

248

288


Jiangxi Heyi Chemicals Co., Ltd.

China

211

100

58

189


Luzhou Dongfang Agricultural Chemical Co., Ltd.

China

252

883

-

-


Luzhou East Agrochemical Co., Ltd.

China

-

57

975

1,606


Shandong Weifang Rainbow Chemical Co., Ltd.

China

131

32

-

-


Suzhou FMC Crop Care Co., Ltd.

China

1

1

-

-


Tagros Chemcials India Private Limited

India

185

842

2,787

3,481


UPL Limited

India

0

0

54

138


Willowood Chemicals Private Limited

India

104

-

20

-


Others

China

23

79

213

466


Grand Total

-

5,568

6,903

6,386

7,604



Contributing factors to India being big on herbicides


Policy support from the Government of India and the impetus to be Self-reliant, has helped the agrochemicals industry to be competitive in the global market without compromising on the quality. Indian manufacturers have not only captured the growing demand for Sulfentrazone, but also have replaced the Chinese volumes taking almost half of the global production. 


Tagros, one of the key players in the Indian agrochemical market, has become the focal point for this shift in the global market dynamics in Sulfentrazone technical. While the total export volume from Asia to the world is pegged at 7604 MT in 2020, Tagros has solely contributed 3481 MT for the same year taking 45% share in worldwide Sulfentrazone market.


Emerging Trend in Herbicides-1.jpg


Emerging Trend in Herbicides-6.jpg


Agrochemical companies worldwide are working extensively to expand application of Sulfentrazone to other major crops like Rice, Maize and Fruits and vegetables. Various industry players have launched multiple combinations of Sulfentrazone for broader spectrum control in a wide range of crops. 


The exciting growth trends surrounding Sulfentrazone are likely to continue for quite a while. For one, there have been negligible variations in planted areas for Soybean, thus increasing pressure for more productivity - the global supply of Soybean is likely to remains tight in the commodity market. The scenario is no different for Sugarcane as it accounts for 80% of global sugar production. With opportunities in Soybean and Sugarcane looking solid and Rice and Maize poised to become potential game changers, Sulfentrazone is all set to explore unchartered territories.


Any comments, please contact AgroPages at christina@agropages.com



Source: AgroNews

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