The SDHI fungicide market size is anticipated to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to rapid development in food industry, increasing demand for high yield crops, increased concern about environment, and rising environmental regulations.
To manage a range of fungal diseases, succinate dehydrogenase inhibitor (SDHI) fungicides have been rapidly adopted by the agricultural industry which belongs to a class of broad-spectrum respiration-inhibiting fungicides. The covid-19 pandemic disturbed the supply and demand of the SDHI fungicide market. Oscillating supply of raw materials, lockdown across the globe, and supply chain disorders forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increased demand for bio-fungicide is projected to boost the market.
- Increasing research funding for agriculture sector is the major factor fueling the market.
- Low adaptation rate and high cost of SDHI fungicide is anticipated to restrict the market growth during the forecast period.
- Lack of awareness about SDHI fungicide among farmers is estimated to hamper the market growth in the coming years.
- R&D investment and technological advancement in SDHI fungicide market is projected to offer lucrative opportunities for the market players.
Scope of SDHI Fungicide Market Report
The report on the SDHI fungicide market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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SDHI Fungicide Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018-2019
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Forecast Period
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2021-2028
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Segmentation
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Types (Organic Residues and Microorganism), Applications (Turf & Ornamentals, Fruits & Vegetables, Grains & Cereals, Commercial Crops, Oilseed, and Others), Formulations (Dry Formulations and Liquid Formulations)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Adma Ltd.; IsAgro USA; Syngenta AG; Lallemand; Koppert Biological Systems; Certis USA LLC; Bioworks Inc.; The Stockton Group; Marrone Bioinnovations; International Pannacea Ltd; Seipasa; UPL (Arysta Lifescience); De Dargosse Ltd.; Biotech International Ltd.; FMC Corp.; Casmson Bio Technologies Ltd.; Monsanto Company; Bayer Cropscience AG; DOW Chemical Company; BASF SE; and Mitsui & Co. (Certis Europe)
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SDHI Fungicide Market Segment Insights
The fruit & vegetables segment accounts for a key share of the market
Based on applications, the SDHI fungicide market is fragmented into turf & ornamentals, fruits & vegetables, grains & cereals, commercial crops, oilseed, and others. The fruit & vegetables segment accounts for a key share of the market. Growth of the market is attributed to increasing adaptation of organic farming methods, increasing population, and growing crop production. However, the turf & ornamental segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid expansion of organic food industry, increasing demand for biofertilizers, and rising consumption of organic food.
The dry formulations segment accounts for a key share of the market
On the basis of formulations, the market is segmented into liquid formulations and dry formulations. The dry formulations segment accounts for a key share of the market. Growth of the market is attributed to increasing supply of quality products and increasing cost of chemical fertilizers. The liquid formulations segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing customer preferences towards organic methods of cultivation, rising availability of arable land, and increased research funding for agriculture sector.
The microorganism segment accounts for a key share of the market
Based on types, the SDHI fungicide market is bifurcated into organic residues and microorganism. The microorganism segment accounts for a key share of the market. Growth of the market is attributed to growing demand for food safety and easy registration procedure of bio-fungicides. The organic residues segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing development & research, partnership among the market players, minor use of synthetic fertilizers, and increasing usages of bio-fungicides.
Europe is estimated to hold key market share
On the basis of region, the SDHI fungicide market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period due to rapid economic growth in region and encouragement from government organizations. The market of Europe is estimated to hold a key market share due to increasing population, rising preference for organic cultivation methods, and increasing demand for premium quality crops.
Segments
The SDHI fungicide market has been segmented on the basis of
Types
- Organic Residues
- Microorganism
Applications
- Turf & Ornamentals
- Fruits & Vegetables
- Grains & Cereals
- Commercial Crops
- Oilseed
- Others
Formulations
- Liquid Formulations
- Dry Formulations
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Adma Ltd.
- IsAgro USA
- Syngenta AG
- Lallemand
- Koppert Biological Systems
- Certis USA LLC
- Bioworks Inc.
- The Stockton Group
- Marrone Bioinnovations
- International Pannacea Ltd
- Seipasa
- UPL (Arysta Lifescience)
- De Dargosse Ltd.
- Biotech International Ltd.
- FMC Corp
- Casmson Bio Technologies Ltd.
- Monsanto Company
- Bayer Cropscience AG
- DOW Chemical Company
- BASF SE
- Mitsui & Co. (Certis Europe)
Competitive Landscape
Key players competing in the SDHI fungicide market include Adma Ltd.; IsAgro USA; Syngenta AG; Lallemand; Koppert Biological Systems; Certis USA LLC; Bioworks Inc.; The Stockton Group; Marrone Bioinnovations; International Pannacea Ltd; Seipasa; UPL (Arysta Lifescience); De Dargosse Ltd.; Biotech International Ltd.; FMC Corp.; Casmson Bio Technologies Ltd.; Monsanto Company; Bayer Cropscience AG; DOW Chemical Company; BASF SE; and Mitsui & Co. (Certis Europe)
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.