Global Prothioconazole Market Overview:
Prothioconazole is a synthetic compound belongs to the triazolinthione family of compounds. It is a broad spectrum systemic fungicide, with preventative, curative, and eradicative action. It can be used as both a foliar treatment and a seed treatment. After absorption it moves into cells of the target organisms, affecting sterol biosynthesis and thus disrupting membrane structure. This ultimately affects germ tube elongation and hyphal growth. Prothioconazole is approved for use on oats, barley, durum wheat, oilseed rape, rye, and wheat. It is sold in combination with several other fungicides, comprising bifaxen, tebuconazole, spiroxamine, fluoxastrobin, trifloxystrobin, and floupyram.
As per latest study released by AMA Research, the Global Prothioconazole market is expected to see growth rate of 6.1% and may see market size of USD1060.0 Million by 2030.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Use of Fungicides to Increase Agriculture Productivity across the Globe
Market Growth Drivers:
Growing Food Demand and Shrinking Land, Flourishing Horticulture Industry, Adoption of New Farming Practices and Rise in Number of Resistant Fungi
Challenges:
Stringent Government Regulations Owing to the Toxicity
Restraints:
Growing Demand for Food Safety and Quality, Low per Capita Use of Fungicides in Several Regions and Research and Development Costs Burgeoning
Opportunities:
Increasing Awareness Related To Emerging Synthetic Fungicides
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market
Some of the key players profiled in the report are Kaneka Corporation (Japan), Dow Chemical Company (United States), Arkema (France), DuPont (United States), LG Chem (South Korea), Mitsubishi Rayon (Japan), Mitsui & Co. Plastics Ltd. (United States), Indofil Industries Limited (India), Shandong Rike Chemical Co., LTD. (China) and Shandong Ruifeng Chemical Co., Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Yaxing Chemical (China), HUBEI JINGHONG CHEMICAL CO., LTD (China), Wanda Chemicals (China), Huaxing Manufacturing CO. Ltd. (China) and Anhui Jiuyi Agriculture Co., Ltd. (China). Analyst at AMA Research see Chinese Vendors to retain maximum share of Global Prothioconazole market by 2030.
Latest Market Insights:
In March 2022, Sumitomo Chemical announced it had formed a strategic partnership with BASF to develop and commercialize new fungicides, including prothioconazole-based formulations.
In February 2022, Syngenta launched Verdi® Pro, a new prothioconazole-based fungicide for use on fruits, vegetables, and ornamentals.
What Can be Explored with the Prothioconazole Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Prothioconazole Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Prothioconazole
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Prothioconazole market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Prothioconazole market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Prothioconazole Manufacturers, Prothioconazole Traders/Distributors, Prothioconazole Importer/Exporter, Regulatory Bodies, Government Bodies and Downstream Vendors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.