According to the latest market survey conducted by Future Market Insights, the global mecoprop market is relishing a market valuation of US$ 356.6 Million in 2023, and all are set to expand with a CAGR of 4.2% during the 2023 to 2033 period. The market is anticipated to top a valuation of US$ 538.0 Million by the end of the forecast period.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 345.5 Million |
| Market Size 2023 | US$ 356.6 Million |
| Market Size 2033 | US$ 538.0 Million |
| Value CAGR (2023 to 2033) | 4.2% |
| Collective Value Share: Top 3 Countries (2023E) | 65% to 70% |
Mecoprop or Methylchlorophenoxypropionic acid (also known as MCPP) is an herbicide that is used to control broadleaf weeds in lawns, turf, and other grassy areas. It is a selective herbicide, meaning that it targets specific types of plants while leaving others unharmed.
Mecoprop is a member of the phenoxy herbicide family, which includes other common herbicides such as 2,4-D and dicamba. It works by inhibiting the growth of weeds by disrupting their hormone balance. It should be used with caution and according to the label instructions to avoid potential harm to human and the environment.
Mecoprop is applied as a spray to lawns, turf, and other grassy areas to control broadleaf weeds. The application rate and timing will vary depending on the specific product and the type of weeds that are being controlled. It should not be applied to areas where there is a risk of runoff or contamination of water sources.
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Over the period covered by the study 2018 to 2022, the market for mecoprop was recorded to grow at a phenomenal CAGR of 3.2% from 2018 to 2022, owing to the increasing demand for herbicides, and pesticides from the agrochemicals industry.
Whereas, as per the latest survey conducted by Future Market Insights, the mecoprop market is expected to progress at a CAGR of 4.2% between 2023 and 2033. This is attributed to the growing demand for mecoprop from various end-use sectors including agriculture and non-agriculture such as residential lawns and sports fields.
Increasing Demand from Agriculture and Agrochemicals Industry
Mecoprop, also known as Methylchlorophenoxypropionic acid, can be obtained as an acid, potassium, diethanolamine, dimethylamine salt, or an isooctyl ester. Different formulas are produced by various firms. Many products contain pesticide combinations, including additional phenoxy herbicides such as 2,4-D, dicamba, MSMA, and MCPA. Some products are herbicide/fertilizer blends. Similar to these herbicides, methylchlorophenoxypropionic acid impedes regular cell division.
According to the Environment Protection Agency, 1-6 million pounds of post-emergent herbicides are used yearly to suppress broadleaf weeds including chickweed, stitchwort, ground ivy, knotweeds, clover, and plantains. 96% of all uses are for grass, which includes lawns, sports fields, and industrial sod manufacturing. 1–4% of the total is utilized for non-crop purposes, such as right-of-way clearing, building the banks of drainage ditches, and preparing forest sites. For specialized non-cropland situations, aerial application is an option in addition to pressurized hose-end sprayers, ground spreaders, and sprayers.
Mecoprop's use as an herbicide boosts demand owing to the growth of agricultural and agrochemical sectors and the rise in demand for superior-quality food and agricultural products, all of which are significant factors driving the global market for mecoprop.
Principal Consultant
Herbicide is the most preferred application segment. One of the key factors driving growth of the mecoprop market is the rising demand for herbicides in the agriculture industry. Mecoprop is primarily used to manage weeds around orchard fruit, particularly apples and pears.
Mecoprop is widely employed on grass surfaces like home lawns and sports grounds. Increasing use of mecoprop in recreational turf & fields, sods, pavements, and other residential and commercial areas is expected to open up new grounds for the market. As a result, the demand for mecoprop as a home herbicide is anticipated to spur market expansion.
North America is the leading mecoprop consumer, holding shares of approximately 35-40% in global revenue in 2023, due to the United States prominence in mecoprop production, North America is expected to dominate over the projected period.
Increasing demand for bio-based herbicides, coupled with increasing recreational turf & fields, sods, pavements, and home lawns in the United States and Canada are expected to boost the market during the forecast period.
The mecoprop market was dominated by Asia Pacific with a share of more than 45-50%, followed by North America and Europe. The market in Asia Pacific is anticipated to grow over the course of the forecast period due to the presence of international mecoprop manufacturers within this region.
The market for herbicides and agrochemicals in China is expanding as a result of a surge in agriculture and agrochemical production. Growth in the building and construction industries in Asia Pacific countries proliferate the rate of turf and home lawn installation, which have a positive impact on the mecoprop market in China.
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To extend regional and global footprint, manufacturers have invested in increasing the production capacity of herbicides and pesticides. The variety of applications that mecoprop provides has pushed market participants to diversify their product offerings.
A similar development has been tracked by Future Market Insights in its latest market study.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.2% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ Million, Volume in Tons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Form, Application, End-Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Central Asia; Russia and Belarus; Balkan and Baltic Countries; The Middle East and Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, South Korea, China, Japan, India, ASEAN, Australia and New Zealand, Germany, France, Spain, Italy, BENELUX, NORDICS, United Kingdom, Poland, Hungary, Romania, Czech Republic, King of Saudi Arabia, The United Arab Emirates, Türkiye, Northern Africa, South Africa, Israel |
| 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; Alfa Chemistry; Caledon Laboratories; Apollo Scientific Ltd.; VWR International LLC |
| Customization and Pricing | Available upon Request |
In 2023, the value of the global market reached over US$ 356.6 Million
During the forecast period, the global market is estimated to expand at a CAGR of 4.2% from 2023 to 2033.
The global market is projected to reach US$ 538.0 Million by the end of 2033.
The key players operating in the market are 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, Alfa Chemistry, Caledon Laboratories, Apollo Scientific Ltd., VWR International LLC and various others.
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Mecoprop Market
