Picoxystrobin is a suspension concentrate, which is trans-lamina and systemic fungicide with preventive, curative, and systemic activity for use on canola, cereal grains except rice , dried peas, corn, and soybeans. This type of fungicide inhibits mitochondrial respiration by blocking electron transfer at the quinone outside center of cytochrome bcl. It is used on various crops such as corn,

soya bean, wheat, canola, and oats. It was initially launched as Acanto by Syngenta in Europe. Acanto was primarily launched for the control of yellow, brown, and crown rusts; powdery mildew; sooty mold; net and leaf blotch; and tan spot on cereal crops such as wheat, barley, and oats. The product is majorly marketed and commercialized by DuPont.  

Picoxystrobin is marketed as a single ingredient fungicide, It is also in several mixtures with other fungicides such as cyproconazole (Furlong, Stinger, and Aproach Prima); chlorothalonil (Credo and Plinker); and cyprodinil (Acanto Prima). 

Rise in demand for picoxystrobin is largely attributed to the developing and advancing agriculture sector in various regions around the world. Strong growth in the agriculture sector in regions such as Latin America is also expected to boost the picoxystrobin market. However, availability of low-cost substitutes is anticipated to hamper market growth during the forecast period. Furthermore, the high initial investments and expertise required in the manufacturing process are estimated to restrict the entry of new players in the market. 

Based on geography, the global picoxystrobin market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Picoxystrobin is currently registered in the 28 countries. These include Argentina, Austria, Belgium, Brazil, Colombia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Kenya, Latvia, Lithuania, the Netherlands, New Zealand, Norway, Poland, Romania, Slovakia, South Africa, Sweden and the UK. Led by the rapid development in the agriculture sector in China, India, Australia, New Zealand, and Thailand, the picoxystrobin market in Asia Pacific is projected to expand and dominate the global market during the forecast period. North America and Europe are estimated to follow Asia Pacific. The picoxystrobin market in Latin America is anticipated to expand at a significant pace during the forecast period. The market in Middle East & Africa is projected to witness considerable growth during the forecast period due to the rise in advanced agricultural practices in South Africa. 

The global picoxystrobin market is consolidated; major producers dominate the global market. Key players operating in the market include E.I. du Pont de Nemours and Company, Shanghai Bosman Industrial Co., Ltd. and other Chinese players.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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