Myclobutanil Market - Forecast(2023 - 2028)

Report Code: AGR 11478 Report Format: PDF + Excel

Myclobutanil Market Overview

Myclobutanil market size is forecast to reach $XX million by 2025, after growing at a CAGR of XX% during 2020-2025, owing to the vital role of myclobutanil fungicide in killing or preventing the growth of fungi and their spores that harm or destroy the food crops. With growing global populations that constantly challenge food production, myclobutanil fungicides offer a means towards meeting the challenge of more food from less land. The myclobutanil market has witnessed significant growth due to development of the pesticide industry. Myclobutanil are being extensively used to destroy or suppress the growth of harmful microorganisms such as bacteria, viruses, or fungi on the crops. Thus, the extensive usage of myclobutanil as a crop care product is anticipated to drive the myclobutanil market substantially during the forecast period.

Report Coverage

The report: “Myclobutanil Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the myclobutanil Industry. 
By Product: 94% Myclobutanil, 95% Myclobutanil, 96% Myclobutanil, and Others.
By Application: Fruits (Mango, Strawberry, Guava, Grapes, Apple, and Others), Vegetables (Tomato, Potato, Cauliflower, Carrot, Beet Root, and Others), Turf & Ornamental, and Others. 
By Geography: North-America, South-America, Europe, Asia Pacific, and RoW

Key Takeaways

  • Asia Pacific dominates the myclobutanil market, owing to the increasing agricultural investments by the government in the region. In May 2019, NABARD announced an investment of Rs 700 crore (US$ 100 million) venture capital fund for equity investments in agriculture and rural-focused start-ups in India.
  • Myclobutanil is a triazole chemical used as a fungicide registered for use on a wide variety of agricultural crops. They are mostly used in agricultural settings for preventative and curative control of fungal diseases that may appear on grapes, strawberries, and almond crops.
  • Myclobutanil fungicide are often used to control fungi that damage plants, including rusts, mildews and blights as it is a steroid demethylation inhibitor, specifically inhibiting ergosterol biosynthesis. They are widely used in greenhouses, landscaping, residential and commercial turf areas.
  • Due to the COVID-19 Pandemic most of the countries has gone under lockdown, due to which operations of various industries such as Agriculture and Horticulture has been negatively affected, which is hampering the myclobutanil market growth.

Myclobutanil Market Segment Analysis - By Application 

The fruit segment held the largest share in the myclobutanil market in 2019 and is growing at a CAGR of XX%, owing to the increasing demand of myclobutanil for proper care of fruits such as apples, strawberries, grapes and others in various regions. It is a steroid demethylation inhibitor, specifically inhibiting ergosterol biosynthesis.  It is abundantly used in California on table grapes, wine, strawberries, and almond crops as it has relatively low acute toxicity rating than other fungicides. In addition, its absorption into plant is very fast, which provides long duration control. And myclobutanil are often used to control the fungal diseases in fruit trees.  As per National Horticulture Database published by National Horticulture Board, during 2015-16, India produced 90.2 million metric tonnes of fruits and the area under cultivation of fruits stood at 6.3 million hectares. Thus, the increasing fruits production will require more myclobutanil fungicide, which is anticipated to drive the myclobutanil market in the food crop sector during the forecast period.

Myclobutanil Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the myclobutanil market in 2019 up to 32%, owing to the increasing agricultural investments by the government in the region. The governments are spending heavily on initiatives and investments in the field of agriculture as it is one of the most effective ways of reducing hunger and poverty, and promoting agricultural productivity. In 2016, according to China’s Ministry of Agriculture, over 1,300 Chinese enterprises had overseas investments in agriculture, forestry, and fisheries valued at $26 billion. The total quantum of private investment in India is projected to increase (with added investment of Rs. 78,424 crore) from Rs. 61,000 crore in 2015-16 to Rs. 139,424 crore by 2022-23. The Indian government introduced Pradhan Mantri Samman Nidhi Yojana under Budget 2019-20, in which a minimum fixed pension of Rs 3000 (US$ 42.92) is to be provided to the eligible small and marginal farmers, on attaining the age of 60 years. In Japan, a digital farming technology has been developed to help experienced farmers to use water and fertilizers more efficiently. Thus, such government initiatives are increasing the agricultural sector which is further increasing the myclobutanil fungicide demand. Thus, the increasing demand of myclobutanil for easy production of crop is anticipated to drive the myclobutanil market in APAC during the forecast period.

Myclobutanil Market Drivers

Increasing Agricultural Initiatives By The Government

The governments are spending heavily on initiatives and investments in the field of agriculture as it is one of the most effective ways of enhancing environmental sustainability. The United States Department of Agriculture took an initiative – “The Agriculture and Food Research Initiative (AFRI)” to ensure food safety and security and train the next generation of the agricultural workforce. In 2020, the Canadian government invested a total of $560,000 on the Canadian Federation of Agriculture (CFA) to develop the Canadian Agri-Food Sustainability Initiative. The European government has take initiatives such as Common Agricultural Policy (CAP) and Young Farmers. The 2010- 2013 National Strategy for France’s Sustainable Development aimed to develop a more sustainable food production and support green economy and business innovation, and during the tenure it achieved a higher domestic organic production and consumption. Moreover, United Nations “Zero Hunger Vision by 2030” which aims to end hunger and double the agricultural productivity and incomes of small-scale food producers is likely to increase the demand of myclobutanil. Thus, the various agricultural initiatives by the government are booming the agricultural sector in various regions. And with the increasing agricultural sector the demand for myclobutanil will also increase, which acts as a driver for the myclobutanil market during the forecast period.

Myclobutanil Market Challenges  

Health Hazards From Using Myclobutanil 

Excessive and irrational use of fungicides such as myclobutanil causes environment deterioration and has non-target effects on plants and animals. The fungicides are responsible for residue problems, resistance development in pathogens and different health hazards to human beings and other living organisms. Myclobutanil is known to harm more than just the pests at which they are targeted. They can even irritate skin and eyes, and may cause throat irritation and coughing when inhaled. Myclobutanil are even known to cause disorders in the development of the embryo or fetus and the material can cause cancer or mutations. These health hazards may hinder the myclobutanil market growth during the forecast period.

Covid-19 Impact on The Myclobutanil Market

The production of vegetables, fruits, wine, and crops requires extensive crop care such as seed treatment, soil management, crop protection, and more for which myclobutanil are extensively used. However, due to the pandemic the production in these sectors is expecting to experience difficulties like untimely crop care and pesticide product deliveries, trade and deliveries issues, and more. Also the governments banned export and import of certain commodities such as on March 31, 2020, the Eurasian Economic Commission (EEC), banned number of food products, most notably sunflower seeds and soy beans. These import and export restrictions are limiting the myclobutanil market growth during the pandemic. 

Market Landscape 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the myclobutanil market. In 2019, the market of myclobutanil has been consolidated by the top five players accounting for xx% of the share. Major players in the myclobutanil market are Dow AgroSciences, Zhejiang Heben Pesticide & Chemicals, Rainbow, Jiangsu Frey Agrochemicals, Yifan Biotechnology Group, Shenyang Sciencreat Chemicals, Jiangsu Good Harvest, Dapeng Pharm, Shandong Sino Agro, and Kenso.

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1. Myclobutanil Market - Overview
        1.1 Definitions and Scope
2. Myclobutanil Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Myclobutanil Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Myclobutanil Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Myclobutanil Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Myclobutanil Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Myclobutanil Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Myclobutanil Market - By Product Type (Market Size -$Million / $Billion)
8.1 96% Myclobutanil
8.2 95% Myclobutanil
8.3 94% Myclobutanil
8.4 Other Grade
9. Myclobutanil Market - By Type (Market Size -$Million / $Billion)
10. Myclobutanil - By Application (Market Size -$Million / $Billion)
10.1 Fruit
10.2 Vegetable
10.3 Turf Ornamental
11. Myclobutanil- By Geography (Market Size -$Million / $Billion)
        11.1 Myclobutanil Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Myclobutanil- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Myclobutanil- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Myclobutanil - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Myclobutanil - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Myclobutanil Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Myclobutanil Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Myclobutanil Market - Key Company List by Country Premium
15. Myclobutanil Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Dapeng Pharm
        15.3 Dow Agrosciences
        15.4 Jaingsu Frey Agrochemicals
        15.5 Jiangsu Good Harvest
        15.6 Kenso
        15.7 Rainbow
        15.8 Shandong Sino Agro
        15.9 Shenyang Sciencreat Chemical
        15.10 Yifan Biotechnology Group
        15.11 Zhejiang Heben Pesticide Chemical
        15.12 Company 12
        15.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Myclobutanil Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Myclobutanil Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends