Chlorothalonil Market 2024-2032:
- The global chlorothalonil market size reached USD 256.9 Million in 2023.
- The market is expected to reach USD 407.6 Million by 2032, exhibiting a growth rate (CAGR) of 5.26% during 2024-2032.
- Asia Pacific leads the market, accounting for the largest chlorothalonil market share.
- 98% chlorothalonil accounts for the majority of the market share in the product type segment as it provides effective protection across diverse crops.
- Wettable powder holds the largest share in the chlorothalonil industry, owing to its ability to cover large areas efficiently.
- Cereals and grains remain a dominant segment in the market, due to the extensive cultivation of these crops.
- The growing need for fertilizers in the agricultural sector is a primary driver of the chlorothalonil market.
- The widespread product application in turf and ornamental sectors is reshaping the chlorothalonil market.
Industry Trends and Drivers:
- Increasing Demand for Fungicides in Agriculture:
The growing demand for effective fungicides in agriculture is one of the major factors bolstering the market growth. Moreover, the increasing adoption of chlorothalonil in protecting crops from fungal infections to improve crop yields is creating a positive outlook for the market. Besides this, the rising food demand across the globe, encouraging farmers to adopt advanced fungicides that ensure higher crop protection and productivity, is enhancing the chlorothalonil market growth. Apart from this, the widespread demand for chlorothalonil, as it is used widely on vegetables, fruits, and cereals to control diseases like powdery mildew, rust, and leaf spots, is contributing to the market growth.
- Growing Regulatory Approvals and Agricultural Modernization:
The rising approval for the use of chlorothalonil, with specific guidelines to ensure its safe application in agriculture, is acting as a growth-inducing factor. Moreover, the widespread utilization of chlorothalonil with agricultural practices to boost productivity is anticipated to drive the market growth. Along with this, the rising modernization of agricultural practices, leading to increased reliance on chemical fungicides like chlorothalonil to enhance crop health and yields, is fostering the market growth. Besides this, rapid technological advancements in farming, such as precision agriculture, driven by the use of efficient fungicides, are fueling the market growth. Chlorothalonil is known for its versatility, as it is effective against multiple fungal diseases across various crops.
- Growth in Turf and Ornamentals Industry:
The increasing popularity of chlorothalonil in the turf and ornamentals industry is another factor fueling the market growth. Chlorothalonil is widely used to control fungal diseases on golf courses, sports fields, and ornamental plants. Moreover, the rising demand for well-maintained recreational spaces, coupled with the growing popularity of gardening and landscaping, is acting as a growth-inducing factor. Besides this, rapid urbanization that led to the development of green spaces in cities and an emphasis on aesthetic landscaping, propelling the need for effective fungicides to maintain healthy turf and ornamental plants, is supporting the market growth. Apart from this, the heightened product effectiveness in preventing diseases like dollar spot, brown patch, and gray leaf spot is enhancing the market growth.
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Chlorothalonil Market Report Segmentation:
Breakup By Product Type:
- 98% Chlorothalonil
- 96% Chlorothalonil
- 90% Chlorothalonil
98% chlorothalonil account for the majority of shares as it offers high efficacy in controlling a wide range of fungal diseases.
Breakup By Form:
- Wettable Powder
- Suspending Agents
- Others
Wettable powder dominates the market as they are easy to mix and apply.
Breakup By Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Turfs and Ornamentals
- Vegetables and Fruits
- Others
Cereals and grains represent the majority of shares as they are highly susceptible to fungal diseases.
Breakup By Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Asia Pacific holds the leading position owing to a large market for chlorothalonil driven by the large agricultural sector, increasing adoption of fungicides to enhance crop productivity, and vast agricultural landscapes.
Top Chlorothalonil Market Leaders:
The chlorothalonil market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
- Bayer AG
- Jiangsu Weunite Fine Chemical Co. Ltd.
- Limin Group Co. Ltd.
- Rallis India Limited (Tata Chemicals Limited)
- SDS Biotech K.K. (Idemitsu Kosan Company Ltd.)
- Shandong Dacheng Biochemical Co. Ltd.
- Sipcam Oxon Spa
- Suli Co. Ltd.
- Syngenta India Private Limited
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