Market Size, Share, Trends, Growth and Forecast 2030

The global myclobutanil market size was worth around USD 590.47 million in 2022 and is predicted to grow to around USD 1,840.22 million by 2030 with a compound annual growth rate (CAGR) of roughly 15.27% between 2023 and 2030.

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Global Myclobutanil Market: Overview

Myclobutanil is a fungicide that is made up of three triazole chemicals. It's a steroid demethylation inhibitor that blocks ergosterol synthesis in particular. Fungal cell membranes require ergosterol to function properly. When myclobutanil is heated, it breaks down into corrosive and/or hazardous fumes, including carbon dioxide, carbon monoxide, hydrogen cyanide, hydrogen chloride, and nitrogen oxides. Myclobutanil is a conazole-type fungicide (triazoles).

Global Myclobutanil Market: Growth Factors

The global myclobutanil market is growing at an exponential rate. Due to the rise of the pesticide business, the myclobutanil market has seen tremendous growth. Myclobutanil is widely used on crops to kill or inhibit the growth of pathogenic microorganisms such as fungus, viruses, and bacteria. It is widely employed on almond crops, strawberries, and table grapes. It is rated as having a low acute toxicity. It's used in greenhouses, on grass, landscaping, food crops, and public right-of-way zones, among other places. As a result, the widespread use of myclobutanil as a crop care product is propelling the myclobutanil market significantly.

In addition, the market for myclobutanil is growing due to increased demand from myclobutanil applications. However, the market is constrained by government environmental rules prohibiting the use of myclobutanil. Also, governments are investing extensively in agricultural projects and investments since it is among the most effective methods to improve environmental sustainability thereby ultimately contributing to the market growth. However, excess and inappropriate usage of fungicides like myclobutanil degrades the environment and has unintended consequences for animals and plants. This may impede the growth of the global myclobutanil market.

Furthermore, an increase in R&D activities and technology advancements owing to heavy investments by the key players may lead to numerous opportunities for the growth of the global myclobutanil market during the forecast period.

The impact of the COVID-19 pandemic has seen severe on the overall market growth. Myclobutanil is widely used in the production of fruits, vegetables, wine, and crops, which necessitates intensive crop care such as crop protection, soil management, seed treatment, and more. However, because of the pandemic, these industries are expected to face challenges such as pesticide product supplies, late crop care, trade, and delivery complications. Governments have also restricted the export and import of particular commodities, which were outlawed by the Eurasian Economic Commission on March 31, 2020. Such import and export limitations restricted the expansion of the global myclobutanil market.

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Global Myclobutanil Market: Segmentation

The global market for myclobutanil is categorized on the basis of product, application, and region.

Based on the product, the global myclobutanil market is bifurcated into 94 percent myclobutanil, 95 percent myclobutanil, 96 percent myclobutanil, and others.

The application segment of the market covers turf & ornamentals, vegetables, fruits, and others.

Myclobutanil Market: Report Scope

Global Myclobutanil Market: Regional Analysis

Asia Pacific is likely to lead the global myclobutanil market in terms of revenue during the forecast period. Due to increased agricultural investments by governments in the area, the Asia Pacific region held the highest share of the myclobutanil market in 2019. Governments in the region are investing expansively in agricultural sectors as a fact it is among the most efficient methods to reduce hunger and poverty while also increasing agricultural output. According to China's Ministry of Agricultural, over 1,300 Chinese companies have USD 26 billion investments in international forestry, agriculture, and fisheries. The agriculture sector in India is also contributing a significant share in the growth of the regional market.

Global Myclobutanil Market: Competitive Players

• Jiangsu Frey Agrochemicals
• Dow AgroSciences
• Rainbow
• Yifan Biotech Group
• Zhejiang Heben Pesticide & Chemicals
• Dapeng Pharm
• Shenyang Sciencreat Chemicals
• Jiangsu Good Harvest
• Kenso
• Shandong Sino Agro

Global Myclobutanil Market: Segment Analysis

By Product

• 96% Myclobutanil
• 95% Myclobutanil
• 94% Myclobutanil
• Other Grades

By Application

• Turf & Ornamentals
• Fruits
• Vegetables
• Other

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa