to wheat crops against several types of diseases such as wheat septoria , septoria leaf spot , wheat leaf rust , rye leaf rust and powdery mildew . The wide range of fungicidal properties of azoxystrobin is expected to act as a major driver for azoxystrobin market in agriculture industry in the next six years . However , the aquatic toxicity of azoxystrobin is considerably high , posing a great threat to aquatic animals . This factor is anticipated to act as a potential restraint to azoxystrobin market in the next few years .
The developing economies across Asia Pacific region are anticipated to be the fastest growing market for azoxystrobin in the next few years . The main reason for this is the rising demand for fungicides to control the growth of fungi and related problems associated with spread of infection through it . Moreover , the demand for azoxystrobin is expected to remain high in the countries such as China and India due to growing need for better yield for fulfilling the increasing food demand from the constantly escalating population . In addition to developing nations , developed economies are concentrating on attaining highest agriculture output from the available cultivable land .
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Presently , azoxystrobin is approved for use on a wide variety of crops in the UK , including barley , asparagus , broccoli , onions , carrots , cauliflowers , cabbages , potatoes , rye , triticale , vining peas and wheat . Additionally as azoxystrobin is effective against numerous classes of fungi , makes azoxystrobin an economical solution for treatment of various types of fungi . All these factors are creating a positive prospect for the global fungicide industry in general . This reason is expected to have a positive impact on azoxystrobin market thus , boosting the demand for azoxystrobin fungicide across the globe . Some of the major manufacturers of azoxystrobin fungicide are Syngenta and Cheminova , Inc . USA .
This research report analyzes this market on the basis of its market segments , major geographies , and current market trends . Geographies analyzed under this research report include
• North America
• Asia Pacific
• Europe