Onmira (Picoxystrobin) Market Size, Share, Growth, And Industry Analysis by Type (0.97, 0.98) by Application (Cereals and Grains, Pulses and Oilseeds, Fruits and Vegetables) and Regional Forecast to 2027

Updated On: 20 November 2023

Report Overview

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The global Onmira (picoxystrobin) market size was USD 581.46 million in 2021. As per our research, the market is expected to reach USD 963.4 million in 2027, exhibiting a CAGR of 8.78 % during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with Onmira (picoxystrobin) market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Onmira (picoxystrobin) is a fungicide used in agriculture to combat various fungal diseases in crops. It belongs to the strobilurin class of fungicides and is known for its broad-spectrum activity against pathogens. Onmira is effective against a range of fungal infections, including powdery mildew, leaf spots, and rusts, among others. It works by inhibiting the energy production process in fungi, ultimately leading to their death. Onmira is available in different formulations, including liquid concentrates and suspension concentrates, making it convenient for farmers to apply via foliar sprays or seed treatments. Its efficacy, versatility, and low application rates have made Onmira a valuable tool in disease management strategies, helping farmers protect their crops and enhance yield potential.

The Onmira (picoxystrobin) market size is experiencing growth due to the global agricultural industry as it is facing numerous challenges, including the rising incidence of fungal diseases and the need for sustainable crop protection solutions. Onmira's effectiveness in controlling a wide range of fungal pathogens makes it an attractive choice for farmers looking to protect their crops and maximize yields. Secondly, there is a growing awareness among farmers about the importance of disease management and the potential economic losses caused by fungal infections. This increased awareness has led to a greater adoption of preventive measures, including the use of fungicides like Onmira, to safeguard crop health and productivity. Moreover, the ease of application and the ability of Onmira to provide long-lasting protection further contribute to its rising demand. Farmers appreciate its convenience and efficacy, leading to its integration into their disease management strategies.

COVID-19 Impact: The Pandemic Produced Limitations On Transportation And Commerce Enforced To Stop The Virus's Spread, Which Caused Problems With The Supply And Distribution Of Fungicides

The COVID-19 pandemic has had a notable impact on the market for Onmira (picoxystrobin). While the agricultural sector remained essential during the crisis, there were significant disruptions in the supply chain and agricultural practices. The restrictions on movement and trade imposed to curb the spread of the virus caused challenges in the availability and distribution of fungicides like Onmira. Furthermore, the economic uncertainties resulting from the pandemic affected farmers' purchasing decisions and investments. Some farmers had to adjust their budgets and prioritize essential inputs, which impacted the demand for fungicides. However, the pandemic also highlighted the importance of maintaining a resilient food supply chain and ensuring crop health. As the situation stabilized and agricultural activities resumed, the demand for fungicides like Onmira gradually recovered, driven by the need to protect crops and ensure food security in the face of ongoing challenges. 

Latest Trends

"The Growing Emphasis On Ecologically Friendly And Sustainable Solutions Is One Discernible Trend In The Market For Fungicides Like Onmira"

One notable trend in the market for fungicides like Onmira is the increasing focus on sustainable and environmentally friendly solutions. With growing concerns about the ecological impact of chemical inputs in agriculture, there is a demand for products and technologies that minimize harm to the environment while effectively controlling fungal diseases. In response to this trend, leading players in the agricultural industry are launching new products and technologies that align with sustainability goals. For instance, there has been a rise in the development and promotion of biofungicides, which are derived from natural sources such as beneficial microorganisms or plant extracts. These bio-based alternatives offer effective disease control while reducing chemical residues and environmental risks. Additionally, companies are investing in research and development to improve existing fungicide formulations, making them more targeted, efficient, and eco-friendly. They are exploring innovative delivery systems, such as encapsulation technologies, to enhance the efficacy and reduce the environmental impact of fungicides. 

SEGMENTATION

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• By type

Depending on Onmira (picoxystrobin) given are types: 0.97, 0.98. The 0.97 type will capture the maximum market share through 2027.

• By Application

The market is divided into Cereals and Grains, Pulses and Oilseeds, Fruits and Vegetables based on application. The global Onmira (picoxystrobin) market  players in cover segment like Cereals and Grains will dominate the market share during 2021-2027.

Driving Factors

"The Rising Demand For Food As A Result Of Population Increase And Shifting Dietary Habits Is One Reason Fueling The Market's Expansion"

One driving factor behind the Onmira (picoxystrobin) market growth is the increasing demand for food due to population growth and changing dietary patterns. As the global population continues to grow, there is a corresponding increase in demand for food, which drives the expansion of agriculture and intensifies crop production. This puts crops at a higher risk of fungal diseases, making fungicides like Onmira crucial tools in disease management and crop protection. Additionally, changing dietary patterns and the demand for high-quality produce has led to an increased focus on yield potential, driving the adoption of crop protection solutions like Onmira to enhance productivity and ensure quality.

"The Growing Knowledge Among Farmers Of The Advantages Of Disease Management And Prevention Is Another Reason Fueling The Expansion Of The Market "

Another driving factor behind the Onmira (picoxystrobin) market growth is the increasing awareness among farmers about the benefits of disease management and prevention. Fungal infections can cause significant economic losses, reducing yields and affecting crop quality, leading to financial distress for farmers. The use of fungicides like Onmira provides an effective means of controlling and preventing fungal diseases, which has led to their widespread adoption. Moreover, the rising concern about the health and safety of agricultural workers and consumers has made farmers more conscious of the quality and safety of their produce. Onmira's ability to protect crops from fungal infections translates to safer and higher quality produce for consumers, thereby boosting its demand. Additionally, the low application rates and effectiveness of Onmira make it an economical and practical solution for disease control, contributing to its popularity among farmers.

Restraining Factors

"The Rising Regulatory Requirements And Public Scrutiny Of Pesticide Use Are One Restraint On The Market's Expansion And The Demand For Onmira (Picoxystrobin)"

One restraining factor affecting the demand and Onmira (picoxystrobin) market growth is the increasing scrutiny and regulatory pressures surrounding pesticide usage. Governments and regulatory bodies are imposing stricter regulations and requirements on the registration, approval, and use of fungicides and other agricultural chemicals. This increased scrutiny aims to ensure environmental safety, protect public health, and minimize the potential risks associated with pesticide residues. As a result, the registration process for fungicides has become more complex and time-consuming, leading to delays in product launches and limited availability in certain regions. Additionally, the requirement for extensive data on product efficacy, environmental impact, and safety adds to the cost and time involved in bringing fungicides to market. Furthermore, the growing consumer demand for organic and pesticide-free produce has created a preference for alternative pest and disease management strategies, including organic and biological control methods. This shift in consumer preferences towards sustainable and environmentally friendly practices poses a challenge to the demand for conventional fungicides like Onmira.

Regional Insights

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"North America Is Anticipated To Dominate The Worldwide Market Due To Its Wide Variety Of Crops And Cutting-Edge Agricultural Practises"

The leading region in the market for Onmira (picoxystrobin) is North America. North America has emerged as a significant market for fungicides, driven by its extensive agricultural industry and focus on high-yield crop production. The region encompasses countries like the United States and Canada, which have a diverse range of crops and face various fungal disease pressures. The adoption of advanced agricultural practices, along with the need for efficient disease management, has fueled the demand for fungicides like Onmira. Additionally, the presence of major agricultural players, research institutions, and technological advancements in North America contribute to the region's leadership in the market. Furthermore, increasing awareness about crop protection, regulatory support, and the emphasis on sustainable farming practices are expected to continue driving the growth of the market for Onmira (picoxystrobin) market share in North America. 

The second-leading region in the market for Onmira (picoxystrobin) is Europe. Europe has a significant market share in the fungicide industry, driven by its extensive agricultural sector and focus on high-quality produce. The region encompasses countries such as Germany, France, and Spain, which have large-scale agricultural operations and diverse crop cultivation. Europe's strict regulatory framework and emphasis on sustainable agriculture have contributed to the demand for effective fungicides like Onmira. The region's farmers recognize the importance of disease management to ensure crop health and productivity. Moreover, Europe's increasing consumer demand for safe and residue-free food has led to the adoption of stringent quality standards, further driving the need for reliable fungicides. The region's commitment to sustainable farming practices and technological advancements also play a vital role in maintaining Europe's position as the second-leading region in the market for Onmira (picoxystrobin) market share.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Join Dream Fine Chemical (China)
• Corteva (U.S)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.