The global mecoprop market is worth US$ 356.6 Million as of now and is expected to reach US$ 538 Million by the year 2033 at a CAGR of 4.2% between 2023 and 2033.
Mecoprop, better known as methylchlorophenoxypropionic acid (MCPP), comes across as one of the herbicides meant for post-emergence control over widely-leaved weeds on the grass. It is devoid of odor and moderately water-soluble. The application areas include ornamental lawns, sports fields, recreational turf, industrial areas, roadsides, and rites-of-ways. 4-chloro-o-cresol is chlorinated and coupled with 2-chloropropionic acid. The trade names of mecoprop include Mecopar, Kilprop, Mecomin-D, Triester-II, Triamine-II, and likewise. The US Environmental Protection Agency (EPA) has categorized mecoprop as ‘toxicity class III’, i.e. slightly toxic.
At the same time, the New Jersey Department of Health Right to Know Hazardous Substance List states that mecoprop is amongst the carcinogens. In other words, it proves to be hazardous and toxic on getting inhaled. Excessive intake may also result in metabolic acidosis, increased heatbeats, and kidney failure. Besides, growing preference for bio-based pesticides and herbicides is another factor hampering the mecoprop market and the scenario is expected to remain the same even going forward.
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Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Mecoprop Market’. It has its team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.
“With growing inclination toward herbicides by farming sector, the global mecoprop market is likely to grow in an astonishing note in the near future”, says an analyst from Future Market Insights.
Key Takeaways from Mecoprop Market
- North America holds the largest market share with the US being subject to rising demand for bio-based herbicides along with increasing number of recreational turfs and fields, pavements, sods, and home lawns.
- The Asia-Pacific is expected to grow at a rapid pace in the mecoprop market going forward with countries like India and China being the flagbearers. It is a known fact that India is known as an agrarian economy.
- Europe is expected to witness flat growth due to restrictions imposed regarding usage of herbicides.
Competitive Analysis
- Nufarm, in March 2019, came up with a novel herbicide called ‘Trimec’; which is inclusive of 600 g/L mecoprop, 18.7 g/L dicamba, and 150 g/L methylchlorophenoxy acetic acid (MCPA). The major objective is that of launching to exercise control over a broad spectrum of weeds in ryegrass crops, wheat, oats, and barley.
- Nufarm has Duplosan KV for exercising control over weeds on the cereals. It is well-suited to control weeds from the turf grasses.
- As per the UN’s Department of Economics and Social Affairs, the global population would be reaching 9.8 Billion by the year 2025. As per the Ministry of Agriculture & Farmers Welfare of India, the total production of foodgrains in India was 284.83 Million tons in 2017-18 alone. This is another factor prompting the key participants to go for production of mecoprop.
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Key Companies Profiled
- BASF SE
- Corteva, Inc.
- Syngenta
- Monsanto Company
- Bayer AG
- FMC Corporation
- Adama Agricultural Solutions Ltd.
- Nufarm Ltd.
- Conier Chem and Pharma Limited
- Toronto Research Chemicals
- DAYANG CHEM (HANGZHOU) CO., LTD.
- Henan Allgreen Chemical Co., Ltd.
- Angene Chemical Private Limited
What does the Report say?
- The research study is based on form (mecoprop and mecoprop-P), by application (herbicide, pesticide, and likewise), and by end-use (agricultural (pasture, rangeland, cropland, and likewise), non-agricultural (residential law, recreational turf, sports field, sod farm, and pavements), and likewise).
- With exorbitant demand for mecoprop from agrochemicals and agriculture verticals, the global mecoprop market is expected to grow on a good note in the near future.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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