Forecast 2025-2031 Published On : 02 March 2025
• The global strobilurin fungicide market was valued at US$ 5,293 million in 2024 and is projected to grow to US$ 6,674 million by 2031, at a CAGR of 3.5% during the forecast period. This growth is driven by increasing demand for high-yield crop production, rising incidences of fungal diseases, and technological advancements in agrochemicals.
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• Strobilurin fungicides are a class of agricultural chemicals derived from the naturally occurring antibiotic strobilurin A. These fungicides are highly effective in controlling a broad spectrum of fungal diseases, including water molds, downy mildews, powdery mildews, leaf spots, and rusts. The primary active ingredients in this group include azoxystrobin, kresoxim-methyl, trifloxystrobin, picoxystrobin, and pyraclostrobin. These compounds are widely used across various agricultural applications, such as cereals, field crops, fruits, tree nuts, vegetables, turfgrasses, and ornamentals. Additionally, some strobilurins have been found to promote plant growth in specific conditions.
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•Azoxystrobin – The largest segment, with a 37% market share, due to its broad-spectrum activity.
•Kresoxim-methyl – Used for fruit and vegetable protection, offering systemic and contact action.
•Pyraclostrobin – Effective against a variety of fungal pathogens in cereals and oilseeds.
By Applications
• Cereals and Grains – Used extensively for wheat, rice, and corn to prevent rust and mildew diseases.
• Pulses and Oilseeds – Leading application segment with a 34% market share, covering crops like soybeans and peanuts.
• Fruits and Vegetables – Increasing use for apples, grapes, and tomatoes to prevent fungal rot.
• Others – Includes turfgrass and ornamental plants, particularly in landscaping and golf course maintenance.
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