Nov 3, 2021   SOURCE: BusinessWire

Outlook on the SDHI Fungicide Global Market to 2026 - Key Drivers and Restraints - ResearchAndMarkets.com

The "SDHI Fungicide Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.

The SDHI fungicide market is evaluated at US$2,167.362 million for the year 2019 and is projected to grow at a CAGR of 6.09% to reach a market size of US$3,277.389 million by the year 2026.

Companies Mentioned

  • Adama Ltd.
  • FMC Corporation
  • Corteva Agriscience
  • Bayer Cropscience AG
  • UPL
  • BASF SE
  • Syngeta AG
  • Valent USA LLC

The market is expected to surge in the coming years, due to the rise in the number and development of novel and advanced crop protection products. Succinate Dehydrogenase Inhibitor (SDHI) fungicides have been playing an imperative role in the protection of plants from various types of fungus infections and diseases. There has been an imperative demand to provide and ensure food protection for an increasing population. The market is also expected to surge in the coming years, intending to increase the productivity of global arable land. The FAO report had stated that worldwide arable land under the vegetable accounted for around 57.8 million hectares. The rise in urbanization and global development has been reducing the amount of arable land, worldwide. These trends and developments are expected to play a major role in the market growth and are anticipated to propel the market growth during the forecast period.

During the COVID-19 pandemic, the market suffered a slight decline owing to the trade restrictions leading to a lack of SDHI fungicides to the farmers. China, which is a major exporter of FDHI fungicide, witnessed a devastating wave of COVID during the initial months of the outbreak. The country implemented trade restrictions and halted the export of SDHI fungicide, which impacted the market negatively. Furthermore, the economic slowdown and financial uncertainties among the farmers that arose due to pandemics impacted the market as well. Thus, the projection for SDHI fungicide market in the COVID-19 scenario is slightly revised downwards. The market is estimated to witness negative growth in 2020.

Rise in the demand for crop protection products and compounds

The market is expected to surge in the coming years, due to the rise in the demand for crop protection products, worldwide. Succinate Dehydrogenase Inhibitors Fungicide has been taking an important role as an alternative to fungicides in controlling turfgrass diseases and resistance management. The rising agricultural trade has also been one of the major factors in the growth of crop protection products. The increase in urban population and rising disposable income have propelled the need for high-quality food and agricultural products. Major companies have been making significant developments in the market.

For instance, in June 2021, Syngenta announced that their novel active undergoing approval of SDHI fungicide had been offering enhanced Septoria control in wheat, and also could be the solutions to ramularia control in a barley crop. The company had stated that the novel product had been a third-generation fungicide. In May 2021, BASF announced the development of a novel generation seed treatment, known as Kinto Plus, which had been used to control a plethora of soil-born and seed diseases. The company's product had active ingredients and also contain SDHI fungicide fluxapyroxad. These trends and developments are expected to play a major role in the market growth in the coming years.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter's Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. SDHI Fungicide Market Analysis, by Type

5.1. Introduction

5.2. Boscalid

5.3. Fluxapyroxad

5.4. Bixafen

5.5. Benzovindiflupyr

5.6. Fluopyram

5.7. Others

6. SDHI Fungicide Market Analysis, by Application

6.1. Introduction

6.2. Pulses and Oilseeds

6.3. Commercial Crops

6.4. Grains and Cereals

6.5. Fruits and Vegetables

6.6. Turf and Ornamentals

6.7. Others

7. SDHI Fungicide Market Analysis, by Geography

8. Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/g7octi