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Fludioxonil, chemically known as 2,2-difluoro-1,3-benzodioxole, substituted at the 4th position by 3-cyanopyrrol-4-yl group is one of the chemical of the class benzodioxoles. It is generally used as an anti-fungal agent in agrochemicals. It is a non-systemic fungicide used along with other fungicides like cyprodinil for foliar applications. It is effective on various types of fungii including Alternaria, Rhizoctonia, Botrytis cineria, and fusariam. The chemical inhibits the transport related phosphorylation of glucose which results in reduction of mycelial growth rate.
The increasing population has substantially increased the demand for food crops across the world which is expected to drive the market. Additionally, the technological advancements like use of fungicides and insecticides to protect the crops and obtain higher yield by reducing the damage by crop diseases and fungi shall drive the market demand for fludioxonil.
However, the fludioxonil is a type of androgen and estrogen receptor antagonist. It is also observed that it induced the cancer growth in body via epithelial-mesenchymal transition. This is expected to limit the market growth.
Based on type, the market is segmented into type I, type II, and type III. Based on application, the market is segmented into fruits, vegetables, cereals, ornamental plants, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increasing demand from agricultural sector.
Key Market Restraint -
Carcinogenic nature.
The global fludioxonil market consists of global & regional players operating. Some of the key players in the market include AgChemAccess, Syngenta, BASF, Huntsman, Rudong Zhongyi Chemical, Nanjing Bestgreen Chemical, Modern Chemical, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold largest share in the market, attributed to the technological advancement and extensive R&D in agricultural sector. Europe is estimated to show significant growth attributed to the growth in fresh produce for export. Asia Pacific is estimated to show considerable growth due to the increasing adoption of advanced technologies over traditional method like use of pesticides and insecticides to yield good produce. Latin America and Middle East & Africa is expected to show sluggish growth by the end of the forecast period.
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