The global Iprodione market was valued at USD 1.71 billion in 2023 and is anticipated to reach USD 1.83 billion in 2024 from USD 3.08 billion by 2032, growing at a CAGR of 6.75% from 2024 to 2032.
Iprodione is a colorless and odorless crystal and is soluble in water and other solvents such as ethanol, methanol, toluene, acetonitrile, acetone, benzene, and dimethylformamide. Iprodione is a hydantoin fungicide and a nematicide that is used in the agriculture industry across many parts of the world.
Iprodione is used in formulations with various other fungicides, including carbendazim and thiabendazole. Moreover, iprodione is compatible with a lot of other pesticides. Iprodione is utilized on crops that are affected by Sclerotinia Brown rot, Botrytis bunch rot, and other fungal diseases in plants. Iprodione is currently applied in a wide variety of crops such as ornamental trees, fruit, vegetables and scrubs and on lawns. Iprodione is a contact fungicide that inhibits the germination of fungal spores, and iprodione blocks the breakdown of fungal mycelium.
The key driving factor of the Iprodione market is the rising global population, especially in developing countries. Hence, the agricultural industry is emphasizing escalating the overall agriculture output. Moreover, owing to the reduced availability of arable land, farmers are focusing on increasing the crop yield from the available arable land by using different types of fungicides, fertilizers, and insecticides. Moreover, the major players operating in the iprodione market are largely giving importance to the developing economies for tapping their enormous market potential. These companies are installing manufacturing facilities in developing nations so as to fulfill the rapidly growing demand for iprodione.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
6.75% |
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Segments Covered |
By Trade, Application, Distribution Channel and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Bayer CropScience AG, Dow AgroSciences, BASF SE, E.I. Dupont De Nemours & Company, Syngenta AG and Others. |
North America is the leading market for Iprodione in the world, followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, owing to rising demand for maximizing agricultural output in the region.
Bayer CropScience AG, Dow AgroSciences, BASF SE, E.I. Dupont De Nemours & Company, Syngenta AG. These are some of the market players that dominate the global Iprodine market.
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