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The penoxsulam market size is estimated to grow by USD 91.6 million at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth due to the rising food demand globally and the increasing use of penoxsulam in the agrochemicals industry. Penoxsulam is a widely used herbicide known for its effectiveness in controlling broadleaf weeds in crops such as corn and sorghum. However, the market faces challenges due to the hazardous nature of penoxsulam towards aquatic animals and humans. The environmental impact of penoxsulam has led to stringent regulations in various regions, limiting its usage and increasing production costs. Additionally, the emergence of alternative herbicides with fewer environmental concerns is expected to impact the market negatively. Despite these challenges, the market is expected to grow at a steady pace due to the high demand for food production and the effectiveness of penoxsulam in controlling weeds.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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