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Soybean Rust Control Market

Global Market Study on Soybean Rust Control: Additional Positive Impact on Soybean Yield to Boost Sales

Soybean Rust Control Market by Form (Powder and Liquid), North American Soybean Rust Control Market represent an incremental opportunity of US$ 1,273.67 Million in the period 2023 to 2033.

Soybean Rust Control Market Outlook (2023 to 2033)

The Global Market for Soybean Rust Control is currently valued at around US$ 6,287.00 Million, and is anticipated to progress at a CAGR of 4.70% to reach US$ 9,952 Million by 2033.

Soybean Rust Control Market Size (2023E)

US$ 6,287.00 Million

Projected Sales of Soybean Rust Control (2033F)

US$ 9,952 Million

Value CAGR (2023 to 2033)

4.70%

Value Share of Top 4 Countries (2022E)

56%

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Soybean Rust Control Consumption Analysis (2018 to 2022) Vs. Market Estimations (2023 to 2033)

The Global Soybean Rust Control Market has witnessed significant growth in the historical period registering a CAGR of 3.30% in the historical period and was valued at US$ 6,287.00 Million in 2023.

Soybean rust is a huge problem for soybean producers across the globe. Fungicides are presently the only option to control the aggressive disease. Companies are focused to launch better and safer products to control disease with both, preventive and curative approach. Companies are also focusing on offering cost-friendly solutions, to reduce the production cost of soybean. The global market for soybean rust control is estimated to reach an approximate valuation of US$ 9,952 Million in the forecast period.

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What are the Key Trends in the Market for Soybean Rust Control?

Growing Population- High Demand for Food Security”

With the increase in human population, there has been an increased strain on croplands. Farmers across the world need to increase the production of their crops to meet the growing demand from the population and enhancing the productivity of the existing agricultural land is the main focus today. Adopting new methods such as, precision farming involves use of science in improving the quality of seeds as well as protecting crops from diseases in the existing land with the help of various pesticides.

“Changing Climatic Conditions Favouring Disease Occurrence”

Climatic changes have influenced the prevalence, occurrence, and severity of plant diseases. These climate change cause effects between the interaction of crops and pathogens in many ways and have impacted crop protection products. The changes in CO2 concentration and temperature have effects on disease development variations.

Owing to the changing climatic conditions and increased prevalence of diseases in crops, there has been an increased demand for crop protection products such as, pesticides that protect crops against the diseases. Thus, minimizing the devastating consequences on the production of crops on a global scale.

“Increased Demand for Nutrient Rich Food to Promote Growth of Soybean Rust Control Market”

Awareness about high-quality food that contributes to good health and offers nutritional value has led to consumer inclination toward healthy eating regimes. Soybeans add value in the diet by being a good source of protein, nitrogen, phosphorus, and potassium.

The consumer driven trend of vegan diets is becoming popular in many countries around the world and has boosted demand for plant-based protein, which is found in abundance in soybeans. This factor increases the interest of consumers in soybean and its products. The soybean rust disease has devastating effects on the production of soybeans, thereby leading to increased sales of fungicides to protect the crop from rust.

“Increased Applications for Soybeans to Drive Growth of Market for Fungicides against Soybean Rust”

Soybeans are known for various health benefits and high-protein content. Hence, it finds applications in the food industry. The current marketing of soybeans is in the packaged form with different variety of snacks made from soybeans along with use as garnish in salads.

Soy milk proves to be a great alternative for lactose intolerant consumers. Key players such as, Archer Daniels Midland Company and Cargill, Incorporated use soybean oil for many edible uses. With the increased application of soybeans in the food industry, animal feed, and non-food industry, the demand for soybeans is high. Soybean rust acts as a barrier in the large-scale production of soybeans. Thus, driving the sales of fungicides that protect soybeans from the disease. This factor contributes to the growth of the soybean rust control market.

“Stringent Norms by Government for Fungicides Hampering Market Growth”

Pesticides have been recognized to enhance economic potential and increase the production of food by protecting crops against various diseases. But there is evidence proving that chemicals have serious health implications- both for humans and the environment. Hence, the norms for utilization of pesticides and fungicides are very rigid.

Different regulatory bodies including the European Food Safety Authority, the U.S. Food & Drug Administration, and Food Safety and Standard Authority of India look after the safety concerns of pesticides in order to deliver safe products. Manufacturers must go through tedious procedures for obtaining the license for production of pesticides. The government regulates use of pesticides and ensures that products are safe to use and do not have any adverse effects on the environment or human health. These strict regulations may discourage and delay introduction of new products, thereby limiting the soybean rust control market from reaching its full potential.

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Country-wise insights

Why does the Soybean Rust Control Market Show Potential in Latin American Region?

Brazil is amongst the largest producers of soybeans in the world with 35.15 Million hectares of land dedicated to the cultivation of the crop, owing to various factors supporting its production such as semi-temperate climate, fertile soil, high rainfall, and advanced technology.

Brazil is also the largest exporter of soybeans in the world, generating income for the country. Soybean rust can result in yield loss of up to 80% in soybeans, and thus the demand for soybean rust control against the disease is high in Brazil. Key players such as BAYER AG, Syngenta, and UPL are collaborating with companies in Brazil to market and distribute soybean rust control offerings for preventing soybean rust. Opportunities for other players also exist as demand for high resistance soybean rust control against soybean rust is high in Brazil.

What is the Outlook for the North American Soybean Rust Control Market?

The North American soybean rust control market is estimated to be valued at US$ 1,798.6 Million by the end of 2023, and is expected to reach US$ 3,072.26 Million by the end of 2033, registering a CAGR of 5.5% over the forecast period

The North American soybean rust control market is estimated to create an absolute $ opportunity of US$ 73.6 Million by the end of 2020 over 2019, and represent an incremental opportunity of US$ 1,273.67 Million in the period 2023 to 2033.

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Prerna Shiv
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Category-wise insights

What is the Segmental Breakdown of the Soybean Rust Control Market?

The market for soybean rust control is segmented based on type, species, fungicide, and region. Type segment is further broken down into liquid and powder types while the species consist of Phakopsora meibomiae and Phakopsora pachyrhizi. Based on the fungicidal property, segments are divided into protective and curative respectively.

Which species is most commonly used in the market for the Soybean Rust Control Market?

Based on the species, Phakopsora pachyrhizi holds around 89.0% of the market and was valued at US$ 5,342.8 Million in 2022, and is likely to rise in the forecast duration to reach around US$ 8,982.82 Million in 2033. This is due to an increase in demand for food production, there has been a corresponding demand for crop protection products, enabling manufacturers to collaborate with different crop science departments to introduce soybean variants while also acquiring different key businesses in different regions involved in production of crop protection products.

Competitive Dashboard

Leading market players such as Bayer AG, Syngenta, SIPCAM NICHINO BRASIL S/A, Corteva Agriscience, Nufarm, UPL, BASF SE, ADAMA Ltd, and others are focused on the development of new soybean rust control products with more effectiveness. Thus, key players in the global soybean rust control market are focused on increasing investments in research & development to innovate and develop advanced soybean rust control products.

  • Bayer AG partnered with Embrapa to carry out research and development for agricultural problems in Brazil. This partnership focused on the research of the resistance of the fungicides available in the market for soybean rust and also to develop new varieties of fungicides to control the disease.
  • Corteva Agriscience brought together DuPont Pioneer Dow AgroSciences, and DuPont Crop Protection to create a standalone market presence, shaping an agricultural company with leading positions in crop protection, seed technologies, and digital agriculture.
  • On April 30, 2018, Syngenta acquired Strider Desenvolvimento de Software Ltd., a company in Brazil involved in the digital agriculture market. The company is one of the key players in Latin America, which develops and markets digital farm management solutions and technological tools. The aim behind this acquisition was enhancing the digital agriculture capability for Syngenta, along with reaching more growers in Brazil for crop protection products.
  • On 24 October 2017, Nufarm entered into an agreement with Syngenta Crop Protection AG and Adama Agricultural Solutions Ltd. for purchasing a European business with a wide portfolio of crop protection products to expand its reach in the European market.

Soybean Rust Control Industry Report Scope

Attribute

Details

Forecast period

2023 to 2033

Historical data available for

2018 to 2022

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Key countries covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC countries
  • Turkey
  • Northern Africa
  • South Africa

Key market segments covered

  • Form
  • Species
  • Fungicide
  • Region

Key companies profiled

  • DuPont
  • BASF SE
  • Arysta LifeScience Corporation.
  • Nufarm
  • PIONEER
  • Bayer AG
  • Syngenta
  • Albaugh, LLC.
  • Monsanto Company
  • ADAMA Agricultural Solutions Ltd.
  • FMC Corporation
  • Bharat Group.
  • Corteva Agriscience
  • UPL
  • ADAMA Ltd.

Report coverage

  • Market forecast
  • Company share analysis
  • Competition intelligence
  • DROT analysis
  • Market dynamics and challenges
  • Strategic growth initiatives

Customization & pricing

Available upon request

Soybean Rust Control Industry Research by Category

By Form:

  • Powder
  • Liquid

By Species:

  • Phakopsora pachyrhizi
  • Phakopsora meibomiae

By Fungicide:

  • Protective
  • Curative

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

- Companies Covered in This Report -

  • DuPont
  • BASF SE
  • Arysta LifeScience Corporation.
  • Nufarm
  • PIONEER
  • Bayer AG
  • Syngenta
  • Albaugh, LLC.
  • Monsanto Company
  • ADAMA Agricultural Solutions Ltd.
  • FMC Corporation
  • Bharat Group.
  • Corteva Agriscience
  • UPL
  • ADAMA Ltd.

- Frequently Asked Questions -

The global market for soybean rust control has a value of US$ 6,287.00 Mn in 2023.

The global market for soybean rust control has a value CAGR of 3.30% from 2018-2022.

The global market for soybean rust control has a value of US$ 9,952 Mn in 2033.

The global market for soybean rust control has a value CAGR of 4.70% from 2023-2033.

The top players hold more than 60-65% of the market share. They include Syngenta, Bayer, Corteva, BASF, UPL, FMC.

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