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Flutriafol Market Overview
Flutriafol market size is estimated to reach a value of US$463.381 million by the end of 2023 after growing at a CAGR of 3.2% during 2024-2030. Flutriafol is a class of triazole fungicide and a member of monofluorobenzenes. It is majorly used as a preventative and curative fungicide. It is considered as one of the most systematic triazole fungicide which translocated quickly into the plant and rapidly taken up by the plant. It is widely utilized for resistance to major fungal diseases. This fungicide acts by blocking the synthesis of ergosterol in sensitive specifies of fungi. It protects plants from rust and powdery mildew. It is moderately soluble in water and stable in aquatic systems. The fungicides such as triadimefon and flutriafol are applied to seed at sowing in cereals and grains in order to develop protection from diseases.
Flutriafol is highly regarded for its systemic action, quickly translocating within plants and providing protection against major fungal diseases. Flutriafol acts by inhibiting ergosterol synthesis in sensitive fungi, making it effective against rust and powdery mildew. Its moderate water solubility and stability in aquatic systems contribute to its widespread use.
COVID-19 Impact
Many industries across the globe have faced several challenges due to the COVID-19 pandemic. The industries such as textile, agriculture, automotive, construction and furniture including many others have experienced pitfalls. Many projects in such industries have been halted due to an interrupted supply chain and employee shortages due to quarantines. Also, the production and demand in agriculture industry has declined due to an interrupted supply chain and cessation in transportation of agricultural goods and fertilizers. Thus, the global pause in industrial production and distribution, the demand and consumption of flutriafol has hampered to an extent in several industries. However, the COVID-19 pandemic impacted various industries, including agriculture, leading to decreased demand for flutriafol. Despite these challenges, flutriafol remains valuable across sectors such as cereals, grains, oilseeds, fruits, vegetables, and more.
Market Snapchat
Report Coverage
The report: “Flutriafol Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the flutriafol industry.
By Type: Flutriafol 250 g/L SC, Flutriafol 500 g/L SC, Flutriafol 125 g/l SC and Others.
By Purity: Below 95%, 95% and Above 95%.
By Application Method: Foliar and Soil.
By Application: Cereals and Grains (Wheat, Barley, Rice and Others), Oilseeds and Pulses, Fruits and vegetables (Apple, Banana, Pears, Watermelon, Tomato and Others), Others (Cotton, Coffee, Sugar Cane and Others).
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC) and South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and Rest of the World (the Middle East and Africa).
Key Takeaways
- Asia-Pacific is the dominating region in the global flutriafol market. This growth is mainly attributed to the increased demand for flutriafol in cereals & grains and oilseeds & pulses application.
- The significant growth in global agriculture output and adoption of healthy diet is driving the growth of global flutriafol market.
- Flutriafol plays an important role in several applications such as fruits, vegetables, cereals and grains and oilseeds & pulses which is expected to provide significant growth opportunity for the global market.
Figure: Flutriafol Market Revenue, 2024-2030 (US$ Million)
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Flutriafol Market Segment Analysis – By Type
The flutriafol 250 g/L SC segment held the largest flutriafol market share in 2023 and is projected to grow with a CAGR of 3.1% during the forecast period. Flutriafol is a demethylation inhibitor fungicide that is used for preventative and curative treatment. It inhibits specific enzymes such as fungal cytochrome P450 and C14-demethylase which plays a significant role in sterol production. Flutriafol 250 g/L SC can be used in wide range of plants such as barley, corn, grapes, almond, celery, cotton, pear, soybean, sugar beet, wheat and peanut including many others. It can be applied through drip irrigation or sprinkler irrigation. Flutriafol 250 g/L SC is considered compatible with many other products and can be mixed with other herbicide, fungicides and insecticides. The aforementioned factor is increasing the demand for flutriafol 250 g/L SC.
Flutriafol Market Segment Analysis –By Application
The cereals and grains segment is expected to grow at a fastest CAGR of 3.7% during the forecast period in the global flutriafol market. Flutriafol is a triazole fungicide utilized to control powdery mildew and rusts on the crops. It mainly prevents sterol biosynthesis in fungi and can be used in range of fruits, vegetables, cereals and grains and cash crops including others. It is suitable to use in range of cereals and grains such as wheat, barley and rice including many others. The increasing consumer inclination towards fresh food diet and healthy packaged food owing to the change in lifestyle, increase in disposable income and surge in population is boosting the demand for cereals and grains. Surge in demand and production of cereals and grains is providing the ample growth opportunities to the industry players in global flutriafol market.
Flutriafol Market Segment Analysis – By Geography
The Asia Pacific held the largest flutriafol market share in 2023 and is projected to grow with a CAGR of 4.2% during the forecast period. This growth is mainly attributed to the increase in demand for flutriafol in several application in this region such fruits, vegetables, cereals and grains and oilseeds and pulses including many others. The presence of numerous developing countries such as China, India, Indonesia and Malaysia among others are the major countries supporting the growth of the market. Increase in population, change in lifestyle and rise in disposable income increases the demand for healthy food items such as fruits and vegetables. Thus, the growth of arable land and agricultural output in this region is boosting the demand for flutriafol. The growth in production of high value crops is boosting the demand for flutriafol in this region.
Flutriafol Market Drivers
Surge in demand for fruits owing to adoption of a healthy diet
Currently, agricultural practices are developing across the globe in order to provide diverse food, meet the fast-increasing food demand and provide nutritious food. Rising urbanization, increase in working population and increase in disposable income has shifted consumer food preferences towards fruits and vegetables, meat, dairy, eggs and fish. The change in food preferences demand more resource-intensive production and requires maximum output from the invested resources. Agricultural fertilizers and fungicides help to reduce the loss of food crops by removing the adverse effects from the fungi and other microorganisms in turn increases the demand for fungicide such as flutriafol. According to the National Horticulture Database published by National Horticulture Board, the fruits production of India stood at 108.34 million metric tonnes during 2022-23 and accounted for 7.51 million hectares area under cultivation of fruits. Thus, an increase in the production and consumption of fruits boosts the growth of the global flutriafol market.
Increase in agricultural output across the globe
Over the years, agriculture industry has evolved with the adoption of developed technologies, green practices and sustainable production across the globe. Agriculture is highly diverse sector comprising of operations from small farms to large multinational holdings. According to United Nations Food and Agriculture Organization (FAO), Agricultural Outlook 2022-2031, the world demand for agricultural products is estimated to grow by 16% over a coming decade. Over this period, the demand for cereals for food is estimated to grow by 158 million tons. Increase in world food demand and rapidly growing technological innovation has fueled the agriculture output. However, changing climatic conditions, spread of crop diseases and new plant-breeding techniques requires effective fertilizer and agricultural chemical solutions, in turn, increasing the demand for Flutriafol. Thus, the growth in agricultural output drives the growth of the global flutriafol market.
Flutriafol Market Challenge
Adverse health impact of flutriafol
Flutriafol is a triazole fungicide which widely used in fruits, vegetables, oilseed and pulses and cereals and grains. However, it is registered to have certain adverse impacts on human health and environments. It is considered a toxic fungicide for aquatic life having long-lasting effects. It is moderately toxic when comes in contact with skin and ingestion. Thus, there are also several regulations related to the use of flutriafol for its labeling and residue level. Thus, the health and environmental impacts of flutriafol is hindering the market growth.
Flutriafol Industry Outlook
The top 10 companies in the Flutriafol industry include -
- FMC Corporation
- Yancheng Limin Chemical
- Huifeng Joint-stock
- Zenith Crop Sciences
- Apparent Ag
- Syngenta
- Rudong Zhongyi Chemical Co. Ltd.
- Jiangsu Tuoqiu Agriculture Chemical Co. Ltd.
- Zhejiang Sega Science and Technology Co. Ltd.
- Jiangsu Luye Agrochemicals Co. Ltd.
Flutriafol Market-Acquisitions/Technology Launches
- On February 5, 2024, Everbridge entered into a definitive agreement to be acquired by Thoma Bravo for a whopping $1.5 billion.
- Merck Animal Health is set to acquire Elanco’s Aqua Business on February 2, 2024.
- Amphenol Corporation acquired the Carlisle Interconnect Technologies business of Carlisle Companies Inc. for a substantial amount of $2.025 billion on January 31, 2024.
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1. Flutriafol Market - Market Overview
1.1 Definitions and Scope
2. Flutriafol Market - Executive Summary
2.1 Key Trends by Type
2.2 Key Trends by Purity
2.3 Key Trends by Application Method
2.4 Key Trends by Application
2.5 Key Trends by Geography
3. Flutriafol Market – Comparative analysis
3.1 Market Share Analysis - Major Companies
3.2 Product Benchmarking - Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis - Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Flutriafol Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Flutriafol Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Flutriafol Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter's Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Flutriafol Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Flutriafol Market – By Type (Market Size - $Million/Billion)
8.1 Flutriafol 250 g/L SC
8.2 Flutriafol 500 g/L SC
8.3 Flutriafol 125 g/l SC
8.4 Others
9. Flutriafol Market – By Purity (Market Size - $Million/Billion)
9.1 Below 95%
9.2 95%
9.3 Above 95%
10. Flutriafol Market – By Application Method (Market Size - $Million/Billion)
10.1 Foliar
10.2 Soil
11. Flutriafol Market – By Application (Market Size - $Million/Billion)
11.1 Cereals and Grains
11.1.1 Wheat
11.1.2 Barley
11.1.3 Rice
11.1.4 Others
11.2 Oilseeds and Pulses
11.3 Fruits and vegetables
11.3.1 Apple
11.3.2 Banana
11.3.3 Pears
11.3.4 Watermelon
11.3.5 Tomato
11.3.6 Others
11.4 Others
11.4.1 Cotton
11.4.2 Coffee
11.4.3 Sugar Cane
11.4.4 Others
12. Flutriafol Market - By Geography (Market Size - $Million/Billion)
12.1 North America
12.1.1 the USA
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 the UK
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 the Netherlands
12.2.6 Spain
12.2.7 Russia
12.2.8 Belgium
12.2.9 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.3.5 Australia and New Zeeland
12.3.6 Indonesia
12.3.7 Taiwan
12.3.8 Malaysia
12.3.9 Rest of APAC
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Colombia
12.4.4 Chile
12.4.5 Rest of South America
12.5 Rest of the World
12.5.1 the Middle East
12.5.2 Africa
13. Flutriafol Market – Entropy
13.1 New Product Launches
13.2 M&As, Collaborations, JVs and Partnerships
14. Flutriafol Market – Industry/Competition Segment Analysis Premium
14.1 Company Benchmarking Matrix – Major Companies
14.2 Market Share at Global Level - Major companies
14.3 Market Share by Key Region - Major companies
14.4 Market Share by Key Country - Major companies
14.5 Market Share by Key Product Type/Product category - Major companies
15. Flutriafol Market – Key Company List by Country Premium Premium
16. Flutriafol Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES
1.Global Flutriafol Market, by Type Market 2019-2024 ($M)2.Global Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Flutriafol Market, by Type Market 2019-2024 (Volume/Units)
4.Global Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Flutriafol Market, by Type Market 2019-2024 ($M)
6.North America Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Flutriafol Market, by Type Market 2019-2024 ($M)
8.South America Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Flutriafol Market, by Type Market 2019-2024 ($M)
10.Europe Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Flutriafol Market, by Type Market 2019-2024 ($M)
12.APAC Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Flutriafol Market, by Type Market 2019-2024 ($M)
14.MENA Flutriafol Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
LIST OF FIGURES
1.US Global Flutriafol Market Revenue, 2019-2024 ($M)2.Canada Global Flutriafol Market Revenue, 2019-2024 ($M)
3.Mexico Global Flutriafol Market Revenue, 2019-2024 ($M)
4.Brazil Global Flutriafol Market Revenue, 2019-2024 ($M)
5.Argentina Global Flutriafol Market Revenue, 2019-2024 ($M)
6.Peru Global Flutriafol Market Revenue, 2019-2024 ($M)
7.Colombia Global Flutriafol Market Revenue, 2019-2024 ($M)
8.Chile Global Flutriafol Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Flutriafol Market Revenue, 2019-2024 ($M)
10.UK Global Flutriafol Market Revenue, 2019-2024 ($M)
11.Germany Global Flutriafol Market Revenue, 2019-2024 ($M)
12.France Global Flutriafol Market Revenue, 2019-2024 ($M)
13.Italy Global Flutriafol Market Revenue, 2019-2024 ($M)
14.Spain Global Flutriafol Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Flutriafol Market Revenue, 2019-2024 ($M)
16.China Global Flutriafol Market Revenue, 2019-2024 ($M)
17.India Global Flutriafol Market Revenue, 2019-2024 ($M)
18.Japan Global Flutriafol Market Revenue, 2019-2024 ($M)
19.South Korea Global Flutriafol Market Revenue, 2019-2024 ($M)
20.South Africa Global Flutriafol Market Revenue, 2019-2024 ($M)
21.North America Global Flutriafol By Application
22.South America Global Flutriafol By Application
23.Europe Global Flutriafol By Application
24.APAC Global Flutriafol By Application
25.MENA Global Flutriafol By Application