Global Azoxystrobin Market Research Report 2023

The global Azoxystrobin market was valued at US$ 748 million in 2022 and is anticipated to reach US$ 1926.7 million by 2029, witnessing a CAGR of 14.3% during the forecast period 2023-2029.

Azoxystrobin Market

The Azoxystrobin market is one type of funbicide of Strobilurin. Azoxystrobin is a systemic, broad-spectrum fungicide that was first introduced in 1998. It inhibits spore germination and is used on vines, cereals, potatoes, apples, bananas, citrus, tomatoes and other crops.

The demand for azoxystrobin and its market dynamics within each segment depend on factors such as crop cultivation practices, prevalence of fungal diseases, regulatory frameworks governing pesticide use, and the need for crop protection solutions.

It is used to protect various crops from fungal diseases and is effective against a wide range of plant pathogens. The azoxystrobin market can be categorized based on the crops or sectors in which it is used. Here are the major segments within the azoxystrobin market:

Cereals and Grains: Azoxystrobin is commonly applied to cereals and grains such as wheat, corn, rice, barley, and oats. It provides protection against fungal diseases like powdery mildew, rust, and leaf spot, which can significantly impact crop yield and quality. Azoxystrobin is often used as part of integrated disease management strategies to maintain healthy crops and maximize productivity.

Fruits and Vegetables: Fungicide applications, including the use of azoxystrobin, are essential in fruit and vegetable production to combat fungal infections that can cause fruit rot, leaf diseases, and post-harvest decay. Azoxystrobin is used on a variety of fruits such as apples, citrus fruits, strawberries, and bananas, as well as vegetables like tomatoes, cucurbits, potatoes, and peppers. The fungicide helps protect these crops during various growth stages, ensuring optimal yield and quality.

Oilseeds and Pulses: Oilseeds and pulses, such as soybeans, sunflowers, peanuts, lentils, and chickpeas, are susceptible to fungal diseases that can lead to yield loss and reduced crop quality. Azoxystrobin is utilized to control fungal pathogens in these crops, contributing to improved plant health and increased productivity. The fungicide's preventative and curative properties make it valuable in managing diseases like anthracnose, rust, and seedling blight.

The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global Azoxystrobin key players include Syngenta, Suli Chemical, Nutrichem, Shanghai Heben, etc. Global top four manufacturers hold a share over 70%.
China is the largest market, with a share over 60%, followed by Europe, and North America, both have a share about 35 percent.

In terms of product, Azoxystrobin Tech 98% Min is the largest segment, with a share nearly 50%. And in terms of application, the largest application is Cereals and Grains, followed by Fruits and Vegetables, Oilseeds and Pulses, etc.

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Segment by Type
• Azoxystrobin Tech 98% Min
• Azoxystrobin Tech 95% Min
• Others

Segment by Application
• Cereals and Grains
• Fruits and Vegetables
• Oilseeds and Pulses
• Others

BY REGION
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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SIMILAR REPORTS

https://reports.valuates.com/market-reports/QYRE-Auto-14H8017/global-strobilurin-fungicide

https://reports.valuates.com/market-reports/QYRE-Auto-38F7129/global-fungicide-for-golf-courses

https://reports.valuates.com/reports/QYRE-Auto-24R5086/global-agrochemicals

https://reports.valuates.com/market-reports/QYRE-Auto-22K5281/global-insecticides-in-agriculture-sales

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This release was published on openPR.