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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:
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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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