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Global SDHI Fungicide Market to Grow at a CAGR of 7.8% During 2022-2027, Driven by the Rising Prevalence of Crop Diseases

According to a new report by EMR titled, ‘Global SDHI Fungicide Market Report and Forecast 2022-2027’, the global market for SDHI fungicide is expected to grow at a CAGR of 7.8% in the forecast period of 2022-2027.

Europe holds a significant share of the SDHI fungicide industry owing to the rising prevalence of crop diseases. The increasing cultivation of cereals like wheat and barley in the region is surging the use of SDHI fungicide to boost their yield and meet their growing demand, which is driving the industry growth. Moreover, the growing incidences of light leaf spots in wheat and barley crops in the United Kingdom and Ireland are surging the use of SDHI fungicides, thereby propelling the growth of the market. In addition, the increasing approvals of SDHI fungicides in the region are escalating the use of SDHI fungicides, which is significantly contributing to the market growth.

BASF SE (OTCMKTS: BASFY), one of the leading companies in the market, announced in July 2020 that its innovative fungicide, Revystar, was approved for use on wheat and barley in New Zealand. The fungicide is a co-formulation of active ingredients- fluxapyroxad, a Group 7 fungicide, and mefentrifluconazole, a Group 3 triazole fungicide. The fungicide allows growers to effectively control diseases in wheat and barney while pursuing optimal yields in every season. Revystar also provides enhanced control of Ramularia, which makes it an ideal alternative to fungicides with declining efficacy. The product can control pathogens that have developed tolerance to older Group 3 triazole fungicides while eliminating disease resistance problems faced by crop growers. Moreover, the fungicide aids growers to boost crop yields, protect crops, as well as enhance resistance sustainably. The development of such innovative products is surging the use of SDHI fungicide, which is driving the growth of the market.

Market Analysis by Crop Application and Region:

  • The market, on the basis of crop application, can be divided into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and turf and ornamentals, among others.
  • The regional markets for SDHI fungicide include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing focus on crop management and the increasing deployment of multi-site fungicides to enhance the protection of crops is aiding the growth of the SDHI fungicide industry.
  • The market is being aided by the increasing approvals of SDHI fungicides by various governments to enhance crop yield.
  • The increasing prevalence of crop diseases and the growing use of SDHI fungicides as an alternative to azole fungicides are augmenting the growth of the market.
  • The rising adoption of innovative solutions to boost the quality and yield of cereals to meet the growing food demand by the increasing global population is driving the market for SDHI fungicides.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for SDHI fungicide for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the crop applications and major regions of SDHI fungicide.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global SDHI fungicide market are BASF SE, Syngenta Crop Protection AG, Bayer AG, Adama Agricultural Solutions Ltd., and FMC Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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