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Key Insights on Global Bromacil Market, Region Wise Analysis of Top Players and Forecasts till 2027
From the soil, bromacil is absorbed through roots and spread throughout the plant. Mode of action involves interference in the process of photosynthesis by inhibiting transport of photosynthetic electrons


Fact.MR
BriefingWire.com, 9/13/2018 - The global bromacil market is anticipated to find manufacturers focusing on merger and acquisition as a leading business tactic to strengthen their position in the industry. In June 2018, AMVAC Chemical made an announcement about the acquisition of Bayer Crop Science’s bromacil herbicide business assets in the U.S. and Canada. The financial terms and conditions of this acquisition are not disclosed yet. This transaction does not find relation with Monsanto’s acquisition by Bayer.

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By entering into partnership with other companies, players could obtain a position of strength in the global bromacil market. American Vanguard’s chief executive and chair, Eric Wintemute said that the deal with Bayer will open the door for his company to expand its participation in the industrial vegetation management business. Moreover, the deal will place the company in a strong position to serve several niche crop markets. On the other hand, the acquisition will widen the domestic herbicide portfolio of the company along with other initiatives that are being pursued, continued Wintemute.

Demand for Higher Crop Productivity to Boost Utilization

By 2050, the global population is expected to reach 9.7 billion. A two-fold rise in the cereal crop production is expected to feed this increased population. This has generated pressure on the agricultural community to deliver higher productivity. However, to increase the productivity, farmers face variety of challenges including protecting plants from diseases, maintaining crop quality, resource constraints, and financial support. To overcome these challenges and achieve higher productivity, farmers are adopting modern farming methods such as use of pesticides, herbicides, and fungicides.

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Bans Regarding Potential Environmental Damage: A Prominent Influencer

Synthetic chemicals used in the agricultural community have been consistently discussed due to their toxic effects on the environment. Fertilizers, herbicides, pesticides and other chemicals might increase the productivity in volumes, however, they present significant threat to environment, farmers, and other animals. Unwise use of herbicides has been a common approach practiced by farmers. Costa Rica, in 2017, issued a ban on the use of bromacil due to its harmful effect on soil as well as human health. Despite EPA’s stringent regulations, traces of bromacil has been reported some drinking water reservoirs. As the scenario of restricted use or complete ban on bromacil prevails, EPA’s changing risk assessment approaches are likely to influence growth of the global bromacil market.

Organic Herbicide: A New Entrant in the Market

Organic product manufacturers have introduced new natural organic herbicides, which are non-selective, non-systematic, and break down quickly leaving no residues behind. Some of the vendors have launched organic weed control solutions in form of spray that kills seeds and provide long-term sustainable results.

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