The North America metalaxyl-M market was valued at US$ 12415.90 thousand in 2022 and is projected to reach US$ 16469.97 thousand by 2028; it is expected to grow at a CAGR of 4.8% from 2022 to 2028.
Market Introduction
Metalaxyl-M is the first enantiomeric form of a fungicide and is a mixture of the R-enantiomer and S-enantiomer. Technical-grade metalaxyl-M consists of a minimum of 97% of the R-enantiomer and 3% of the S-enantiomer. It provides the same excellent level of efficacy compared to metalaxyl but at half the utilization rate. The North America metalaxyl-M market is segmented based on form, crop type, mode of application, and country.
treatment of fungi from phytophthora and Peronospora (in vines) is one of the major applications of Metalaxyl-M. Thus, this fungicide can be used for the more effective management of late blight in tomato and potato crops, caused by Phytophthora infestans. The Metalaxyl-M formulations required for soil and foliar applications are also available in the market. It is absorbed by the roots of plants and transferred within the cells in different parts. Metalaxyl-M is distributed among cells, which helps protect plants in adverse climatic conditions. Further, Metalaxyl-M is applied as a turf seed coating for the control of Pythium spp. Thus, the fungicidal applications drive the Metalaxyl-M market in North America.
Mode of Application Insights
Based on mode of application, the North America metalaxyl-M market has been segmented into seed treatment, soil treatment, and foliar spray. The seed treatment segment accounted for the largest market share in the North America metalaxyl-M market in 2021. Seed treatment is done for preventing plant diseases, protection from seed rotting and insect storage, and improvement in seed germination. Metalaxyl-M is highly utilized in seed treatment for the control of pythium and other soil-borne pathogens. It also helps in the development of seeds and improving crop performance. In seed treatment, metalaxyl-M is involved in seed dressing, wherein the seed is dressed with a dry formulation or treated with a slurry or liquid formulation (wet formulation). Metalaxyl-M is the most commonly used fungicide for crop protection. The growing use of fungicides in seed treatment is driving the North America metalaxyl-M market in the seed treatment segment.
North America Metalaxyl-M Market, by Application – 2021 and 2028
Seed treatment is one of the fastest-growing segments in the crop protection market in North America. Metalaxyl-M is an active ingredient of liquid systemic seed-applied fungicides that protects crops such as peas, beans, sugar beet, corn, and soybean from early season downy mildew, Pythium spp., and Phytophthora spp. Metalaxyl-M has antimicrobial and antifungal properties, due to which it is used in seed treatment. There is an increase in awareness about the benefits of seed-applied growth stimulators among farmers in the region as they feel the necessity to improve crop productivity. Moreover, rising commodity prices and improving farmer income levels are encouraging farmers to invest in seed treatment products to further maximize yield and profit. Companies are making continuous investments in developing improved high-value seed treatment products. Hence, the growing use of seed treatment products is driving the demand for metalaxyl-M in North America. Furthermore, development in production techniques and new product launches are creating lucrative opportunities in the metalaxyl-M market. For example, Zhejiang, China-based Yifan Biotechnology Group has developed a type of microbial enzymatic method that enables metalaxyl-M efficiency levels to reach a new high. In addition to producing a greater total yield than the conventional process, the new technique also confers a cost advantage to the company.
Key Market Segments
Based on form, the North America metalaxyl-M market is segmented into dry and liquid. In 2021, the liquid segment held a larger share of the North America metalaxyl-M market. Metalaxyl-M is formulated as a microemulsion in its liquid form. These products are available in primex or solo category with mefenoxam as its active ingredient. Metalaxyl-M, as a liquid, can be sprayed on crops using a foliar spray. It is specially formulated to control plant diseases caused by members of the oomycete class of fungi. The product effectively controls root and stem diseases caused by Pythium spp. and Phytophthora spp., as well as foliar diseases such as downy mildew.
Major Sources and Companies Listed
The major primary and secondary sources referred to for preparing this report on the North America metalaxyl-M market include paid databases (factiva), publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Syngenta AG; SPEX CetriPrep, LLC; ChemScene LLC; Chem Service, Inc; Croda International Plc; Albaugh LLC; Toronto Research Chemicals; Yifan Biotechnology Group Co., Ltd; Nufarm; Control Solutions, Inc.; and Atticus, LLC are among the major players operating in the North America metalaxyl-M market.
Reasons to buy report
North America Metalaxyl-M Market Segmentation
North America Metalaxyl-M Market, by Form
North America Metalaxyl-M Market, by Crop Type
North America Metalaxyl-M Market, by Mode of Application
North America Metalaxyl-M Market, by Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 12415.90 thousand |
| Market Size by 2028 | US$ 16469.97 thousand |
| CAGR (2022 - 2028) | 4.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Form
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|
Regions and Countries Covered
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| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
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The North America Metalaxyl-M Market is valued at US$ 12415.90 thousand in 2022, it is projected to reach US$ 16469.97 thousand by 2028.
As per our report North America Metalaxyl-M Market, the market size is valued at US$ 12415.90 thousand in 2022, projecting it to reach US$ 16469.97 thousand by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The North America Metalaxyl-M Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Metalaxyl-M Market report:
The North America Metalaxyl-M Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Metalaxyl-M Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Metalaxyl-M Market value chain can benefit from the information contained in a comprehensive market report.
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