The SDHI Fungicide Market was valued at approximately US$ 2.7 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2022 to 2032, according to a recent Fact.MR report. By the end of 2033, the market is expected to achieve a valuation of US$ 5.6 billion.
China, a major producer of SDHI fungicides, faced significant challenges during the initial wave of COVID-19. Trade restrictions and halted shipments imposed by the government had a notable impact on the market. Additionally, the economic downturn and financial strain experienced by farmers due to the pandemic further hindered market growth, leading to a downward revision of market estimates during the COVID-19 crisis.
Despite these challenges, the market showed a strong recovery as lockdowns and restrictions were lifted. This recovery was marked by increased demand for SDHI fungicides in the post-pandemic period. Looking ahead, the market for crop protection products is anticipated to grow significantly in the coming years, driven by rising global demand and the growing importance of sustainable agricultural practices.
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Globalization and urbanization have led to a decline in the availability of arable land, which has further driven the growth of the market. SDHI fungicides have proven effective in combating turfgrass infections and supporting resistance management strategies, making them valuable tools for modern agriculture. Additionally, the rise in agricultural trade has positively impacted the market, boosting the demand for crop protection products. This growth is further supported by heightened agricultural activity worldwide, underscoring the critical role of SDHI fungicides in ensuring sustainable crop production.
Key Takeaways from the Market Study
- SDHI Fungicides Market was valued at US$ 2.7 Bn in 2023. According to Fact.MR, SDHI Fungicides Market revenue would increase 2.3X between 2023 and 2033, reaching roughly US$ 5.6 Bn in 2033.
- In terms of type, revenue through Boscalid is projected to account for a CAGR of 10.3%, during 2022 - 2032.
- US is expected to remain the dominant country in the SDHI Fungicides Market with an absolute dollar growth opportunity of US$1 Bn
- APAC is the dominant region in the SDHI Fungicides Market with a predicted CAGR of over 8.8%.
“During the projected period, the rise in concern over long degradation and government intervention can become a key driver in raising the SDHI Fungicide market revenue.” comments a Fact.MR analyst.
Key Segments of SDHI Fungicide Industry Research
By Type :
- Boscalid
- Fluopyram
- Penthiopyrad
- Fluxapyroxad
- Isofetamid
- Other Types
By Application :
- Grains and Cereals
- Oilseed
- Fruits and Vegetables
- Turf and Ornamentals
- Commercial Crops
- Other Applications
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Competitive Landscape
The SDHI Fungicide Market is highly competitive, with key players striving to gain a strategic edge through innovation and technological advancements. Leading companies are heavily investing in research and development to deliver cutting-edge solutions that address evolving agricultural challenges.
- In June 2020, Syngenta Group Co. Ltd. officially launched, combining the strengths of Syngenta AG (Switzerland), ADAMA (Israel), and Sinochem's agricultural businesses (China) under one unified organization. This consolidation underscores their commitment to driving innovation in agricultural research.
- In May 2020, FMC Corporation entered into a binding agreement with Isagro to acquire the latter's Fluindapyr active ingredient assets for US$ 60 million. This cash transaction included intellectual property, know-how, registrations, product formulations, and other global assets related to the broad-spectrum fungicide. The deal was finalized by the end of Q3 2020, marking a significant expansion of FMC's fungicide portfolio.
- In June 2021, FMC Corporation announced that the US Environmental Protection Agency (EPA) had approved Fluindapyr, a new broad-spectrum succinate dehydrogenase inhibitor (SDHI) fungicide. This innovative compound provides extensive protection for row crops, specialty crops, and turf against a wide range of harmful diseases, reinforcing FMC's position as a leader in agricultural sciences.
Key Companies Profiled-
- Adama Ltd
- Nufarm Limited
- BASF SE
- Bayer AG
- Isagro S.p.A
- Syngenta Crop Protection AG
- FMC Corporation
- UPL Limited
- Corteva, Inc
- Valent U.S.A. LLC
Read More: https://www.factmr.com/report/sdhi-fungicides-market
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the SDHI Fungicide Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in SDHI Fungicide Market in terms of Type (Boscalid, Fluopyram, Fluxapyroxad, Isofetamid, and Other Types), Application (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits and Vegetables, Turf & Ornamentals, and Other Applications) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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