Flutriafol Market - Forecast(2023 - 2028)

Report Code: CMR 81611 Report Format: PDF + Excel

Flutriafol Market Overview

Flutriafol market size is estimated to reach a value of US$421.6 million by the end of 2027 after growing at a CAGR of 3.2% during 2022-2027. Flutriafol is a class of triazole fungicide and a member of monofluorobenzenes. It is majorly used as a preventative and curative fungicide. It is considered as one of the most systematic triazole fungicide which translocated quickly into the plant and rapidly taken up by the plant. It is widely utilized for resistance to major fungal diseases. This fungicide acts by blocking the synthesis of ergosterol in sensitive specifies of fungi. It protects plants from rust and powdery mildew. It is moderately soluble in water and stable in aquatic systems. The fungicides such as triadimefon and flutriafol are applied to seed at sowing in cereals and grains in order to develop protection from diseases.

COVID-19 Impact

Many industries across the globe have faced several challenges due to the COVID-19 pandemic. The industries such as textile, agriculture, automotive, construction and furniture including many others have experienced pitfalls. Many projects in such industries have been halted due to an interrupted supply chain and employee shortages due to quarantines. Also, the production and demand in agriculture industry has declined due to an interrupted supply chain and cessation in transportation of agricultural goods and fertilizers. Thus, the global pause in industrial production and distribution, the demand and consumption of flutriafol has hampered to an extent in several industries. According to the U.S. Department of Agriculture (USDA), in early February 2020, the combined value of 8 major crops such as corn, oats, sorghum, barley, upland cotton, rice, wheat and soybeans was estimated at US$ 108.8 billion. However, with WASDE report in June 2020, the combined value of production forecast was revised to US$ 103.7 billion which is reduced by 5%. Thus, the decrease in agricultural production in turn hampered the demand for flutriafol during the COVID-19 pandemic.

Report Coverage

The report: “Flutriafol Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the flutriafol industry.

By Type: Flutriafol 250 g/L SC, Flutriafol 500 g/L SC, Flutriafol 125 g/l SC and Others.
By Purity: Below 95%, 95% and Above 95%.
By Application Method: Foliar and Soil.
By Application: Cereals and Grains (Wheat, Barley, Rice and Others), Oilseeds and Pulses, Fruits and vegetables (Apple, Banana, Pears, Watermelon, Tomato and Others), Others (Cotton, Coffee, Sugar Cane and Others).
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC) and South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and Rest of the World (the Middle East and Africa).

Key Takeaways

  • Asia-Pacific is the dominating region in the global flutriafol market. This growth is mainly attributed to the increased demand for flutriafol in cereals & grains and oilseeds & pulses application. 
  • The significant growth in global agriculture output and adoption of healthy diet is driving the growth of global flutriafol market. 
  • Flutriafol plays an important role in several applications such as fruits, vegetables, cereals and grains and oilseeds & pulses which is expected to provide significant growth opportunity for the global market.

 Figure: Asia Pacific Flutriafol Market Revenue, 2021-2027 (US$ Million)

Flutriafol Market

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Flutriafol Market Segment Analysis – By Type

The flutriafol 250 g/L SC segment held the largest flutriafol market share in 2021 and is projected to grow with a CAGR of 2.9% during the forecast period. Flutriafol is a demethylation inhibitor fungicide that is used for preventative and curative treatment. It inhibits specific enzymes such as fungal cytochrome P450 and C14-demethylase which plays a significant role in sterol production. Flutriafol 250 g/L SC can be used in wide range of plants such as barley, corn, grapes, almond, celery, cotton, pear, soybean, sugar beet, wheat and peanut including many others. It can be applied through drip irrigation or sprinkler irrigation. Flutriafol 250 g/L SC is considered compatible with many other products and can be mixed with other herbicide, fungicides and insecticides. The aforementioned factor is increasing the demand for flutriafol 250 g/L SC.

Flutriafol Market Segment Analysis –By Application 

The cereals and grains segment is expected to grow at a fastest CAGR of 3.7% during the forecast period in the global flutriafol market. Flutriafol is a triazole fungicide utilized to control powdery mildew and rusts on the crops. It mainly prevents sterol biosynthesis in fungi and can be used in range of fruits, vegetables, cereals and grains and cash crops including others. It is suitable to use in range of cereals and grains such as wheat, barley and rice including many others. The increasing consumer inclination towards fresh food diet and healthy packaged food owing to the change in lifestyle, increase in disposable income and surge in population is boosting the demand for cereals and grains. Surge in demand and production of cereals and grains is providing the ample growth opportunities to the industry players in global flutriafol market.

Flutriafol Market Segment Analysis – By Geography

The Asia Pacific held the largest flutriafol market share in 2021 and is projected to grow with a CAGR of 4.0% during the forecast period. This growth is mainly attributed to the increase in demand for flutriafol in several application in this region such fruits, vegetables, cereals and grains and oilseeds and pulses including many others. The presence of numerous developing countries such as China, India, Indonesia and Malaysia among others are the major countries supporting the growth of the market. Increase in population, change in lifestyle and rise in disposable income increases the demand for healthy food items such as fruits and vegetables. Thus, the growth of arable land and agricultural output in this region is boosting the demand for flutriafol. According to Asia Development Outlook 2021, currently, fruits and vegetables account for 32% of production value in agriculture with which India and Indonesia being the top producers of fruits and vegetables. Thus, the growth in production of high value crops is boosting the demand for flutriafol in this region. 

Flutriafol Market Drivers

Surge in demand for fruits owing to adoption of a healthy diet

Currently, agricultural practices are developing across the globe in order to provide diverse food, meet the fast-increasing food demand and provide nutritious food. Rising urbanization, increase in working population and increase in disposable income has shifted consumer food preferences towards fruits and vegetables, meat, dairy, eggs and fish. The change in food preferences demand more resource-intensive production and requires maximum output from the invested resources. Agricultural fertilizers and fungicides help to reduce the loss of food crops by removing the adverse effects from the fungi and other microorganisms in turn increases the demand for fungicide such as flutriafol. According to the National Horticulture Database published by National Horticulture Board, the fruits production of India stood at 99.07 million metric tonnes during 2019-20 and accounted for 6.66 million hectares area under cultivation of fruits. Thus, an increase in the production and consumption of fruits boosts the growth of the global flutriafol market. 

Increase in agricultural output across the globe

Over the years, agriculture industry has evolved with the adoption of developed technologies, green practices and sustainable production across the globe. Agriculture is highly diverse sector comprising of operations from small farms to large multinational holdings. According to United Nations Food and Agriculture Organization (FAO), Agricultural Outlook 2019-2028, the world demand for agricultural products is estimated to grow by 15% over a coming decade. Over this period, the demand for cereals for food is estimated to grow by 150 million tons. Increase in world food demand and rapidly growing technological innovation has fueled the agriculture output. However, changing climatic conditions, spread of crop diseases and new plant-breeding techniques requires effective fertilizer and agricultural chemical solutions, in turn, increasing the demand for Flutriafol. Thus, the growth in agricultural output drives the growth of the global flutriafol market.

Flutriafol Market Challenge

Adverse health impact of flutriafol

Flutriafol is a triazole fungicide which widely used in fruits, vegetables, oilseed and pulses and cereals and grains. However, it is registered to have certain adverse impacts on human health and environments. It is considered a toxic fungicide for aquatic life having long-lasting effects. It is moderately toxic when comes in contact with skin and ingestion. Thus, there are also several regulations related to the use of flutriafol for its labeling and residue level. Thus, the health and environmental impacts of flutriafol is hindering the market growth.

Flutriafol Industry Outlook

The top 10 companies in the Flutriafol industry include -

  1. FMC Corporation
  2. UPL
  3. Genfarm
  4. Apparent Ag
  5. Syngenta
  6. Zenith Crop Sciences
  7. Rudong Zhongyi Chemical Co. Ltd.
  8. Jiangsu Tuoqiu Agriculture Chemical Co. Ltd.
  9. Zhejiang Sega Science and Technology Co. Ltd.
  10. Jiangsu Luye Agrochemicals Co. Ltd.

Recent Developments

  • In June 2021, FMC Corporation’s fluindapyr, a novel succinate dehydrogenase inhibitor (SDHI) fungicide received U.S. Environmental Protection Agency (EPA) registration.
  • In February 2021, FMC Corporation collaborated with Novozymes, a world leader in biological solutions, in order to develop and commercialize biological enzyme-based crop protection solutions.
  • In August 2020, FMC Corporation has launched a new fungicide Xyway 3D. It comprises of most systematic triazole fungicide, flutriafol along with unique at-plant flexibility. 

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1. Flutriafol Market - Market Overview
    1.1 Definitions and Scope
2. Flutriafol Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Purity
    2.3 Key Trends by Application Method
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Flutriafol Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Flutriafol Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Flutriafol Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Flutriafol Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Flutriafol Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Flutriafol Market – By Type (Market Size - $Million/Billion)
    8.1 Flutriafol 250 g/L SC
    8.2 Flutriafol 500 g/L SC
    8.3 Flutriafol 125 g/l SC
    8.4 Others 
9. Flutriafol Market – By Purity (Market Size - $Million/Billion)
    9.1 Below 95%
    9.2 95%
    9.3 Above 95%
10. Flutriafol Market – By Application Method (Market Size - $Million/Billion)
    10.1 Foliar
    10.2 Soil
11. Flutriafol Market – By Application (Market Size - $Million/Billion)
    11.1 Cereals and Grains 
        11.1.1 Wheat
        11.1.2 Barley
        11.1.3 Rice
        11.1.4 Others
    11.2 Oilseeds and Pulses
    11.3 Fruits and vegetables
        11.3.1 Apple
        11.3.2 Banana
        11.3.3 Pears
        11.3.4 Watermelon
        11.3.5 Tomato 
        11.3.6 Others
    11.4 Others
        11.4.1 Cotton
        11.4.2 Coffee
        11.4.3 Sugar Cane
        11.4.4 Others
12. Flutriafol Market - By Geography (Market Size - $Million/Billion)
    12.1 North America
        12.1.1 the USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 the UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 the Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 the Middle East
        12.5.2 Africa
13. Flutriafol Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Flutriafol Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Product Type/Product category - Major companies
15. Flutriafol Market – Key Company List by Country Premium Premium
16. Flutriafol Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES

1.Global Flutriafol Market, by Type Market 2019-2024 ($M)
2.Global Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Flutriafol Market, by Type Market 2019-2024 (Volume/Units)
4.Global Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Flutriafol Market, by Type Market 2019-2024 ($M)
6.North America Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Flutriafol Market, by Type Market 2019-2024 ($M)
8.South America Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Flutriafol Market, by Type Market 2019-2024 ($M)
10.Europe Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Flutriafol Market, by Type Market 2019-2024 ($M)
12.APAC Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Flutriafol Market, by Type Market 2019-2024 ($M)
14.MENA Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Flutriafol Market Revenue, 2019-2024 ($M)
2.Canada Global Flutriafol Market Revenue, 2019-2024 ($M)
3.Mexico Global Flutriafol Market Revenue, 2019-2024 ($M)
4.Brazil Global Flutriafol Market Revenue, 2019-2024 ($M)
5.Argentina Global Flutriafol Market Revenue, 2019-2024 ($M)
6.Peru Global Flutriafol Market Revenue, 2019-2024 ($M)
7.Colombia Global Flutriafol Market Revenue, 2019-2024 ($M)
8.Chile Global Flutriafol Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Flutriafol Market Revenue, 2019-2024 ($M)
10.UK Global Flutriafol Market Revenue, 2019-2024 ($M)
11.Germany Global Flutriafol Market Revenue, 2019-2024 ($M)
12.France Global Flutriafol Market Revenue, 2019-2024 ($M)
13.Italy Global Flutriafol Market Revenue, 2019-2024 ($M)
14.Spain Global Flutriafol Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Flutriafol Market Revenue, 2019-2024 ($M)
16.China Global Flutriafol Market Revenue, 2019-2024 ($M)
17.India Global Flutriafol Market Revenue, 2019-2024 ($M)
18.Japan Global Flutriafol Market Revenue, 2019-2024 ($M)
19.South Korea Global Flutriafol Market Revenue, 2019-2024 ($M)
20.South Africa Global Flutriafol Market Revenue, 2019-2024 ($M)
21.North America Global Flutriafol By Application
22.South America Global Flutriafol By Application
23.Europe Global Flutriafol By Application
24.APAC Global Flutriafol By Application
25.MENA Global Flutriafol By Application