What is Azoxystrobin Market Scope?
Fungicides are biocidal chemical compounds that are mainly used to inhibit fungal growth. Fungicides are one of the most important chemicals used in agriculture to fight fungal infections. Fungicides can be divided into three classes based on their mode of action as contact, systemic and translaminar fungicides. Azoxystrobin belongs to the class of systemic fungicides because it is absorbed through the xylem vessels. Azoxystrobin is typically used in fruits and vegetables to prevent fungal infections. Azoxystrobin belongs to the chemical family of strobilurins. They are based on naturally occurring antifungal drugs. Azoxystrobin is one of the most famous fungicides as it possesses a broad spectrum of antifungal properties against diseases such as Oomycete (infects grapes), Deuteromycota (infects rice), and Ascomycota (numerous crops and vegetables). Azoxystrobin is generally sold in the form of water formulation or as a suspension concentrate that is present in numerous concentrations. Azoxystrobin is generally used as a foliar spray because azoxystrobin has a far-reaching residual effect. Azoxystrobin acts as a systemic fungicide and has a curative, translaminar, and preventive mode of action. Azoxystrobin's effective mode of action makes it an essential fungicide in crops, grapes, and bananas. In addition, the toxicity of azoxystrobin to mammals, bees, insects, birds, and earthworms is moderate because azoxystrobin is easily broken down into sub-components once it is applied through the soil. Azoxystrobin is widely used in agriculture, especially wheat growing, as it greatly protects wheat plants against various types of diseases such as wheat septoria, septoria leaf spot, wheat leaf rust, rye leaf rust, and powdery mildew. The wide range of fungicidal properties of azoxystrobin is expected to play an important role in the agricultural azoxystrobin market over the next few years. However, the aquatic toxicity of azoxystrobin is considerably high and poses a major threat to aquatic animals. This factor is expected to be a potential drag on the azoxystrobin market over the next several years.
The Azoxystrobin market study is being classified by Type (Azoxystrobin Tech 98% Min, Azoxystrobin Tech 95% Min and Others), by Application (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from Asian will contribute to the maximum growth of Global Azoxystrobin market throughout the predicted period.
Syngenta (Switzerland), Suli Co Ltd. (China), Limin Group Co., Ltd. (China), Hangzhou Udragon Chemical Co., Ltd. (China), Jiangsu Yunnong Chemical Co., Ltd. (China), Advance Agro Chemicals Shanghai Limited (India), Parijat Industries Pvt. Ltd. (India), Swal Corporation Ltd. (India), Meghmani Organics Limited (India) and Super Bio Tech Marketing Company (India) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Azoxystrobin market by Type, Application and Region.
On the basis of geography, the market of Azoxystrobin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- A Recent Shift toward the Use of Bio Fungicides
- The Increased Emphasis on Economic, Environmental, and Social Sustainability in the Agricultural Sector
- The Growth in Agriculture Industry across the Globe
- Problems Associated With Spread of Infection through Fungicides
- The Increasing Food Demand from the Constantly Escalating Population
- The Growing Adoption of Soil Fertility Management Practices
- Rising Demand for Fungicides in Developing Economies across Asia Pacific Region
- The Several Restrictions Imposed On the Fungicides
- The High Aquatic Toxicity of Azoxystrobin
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Azoxystrobin, Suppliers and Distributors of Azoxystrobin, Venture Capitalists and Private Equity Firms and End-Use Industry
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