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


Soybean Rust Control  Market
  • Published On : Nov-2020 |
  • Pages : 252 Pages |
  • Format : Soybean Rust Control  Market Soybean Rust Control  Market Soybean Rust Control  Market 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 to a diet by being a good source of protein, nitrogen, phosphorus, and potassium. 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 various products, which is aiding the expansion of the soybean rust control market size. This is because of the fact that, the soybean rust disease has devastating effects on the production of soybeans, thereby leading to increased need for soybean rust control to protect crops from rust.

Soybean Rust Control Market Trends

Advancements in Farming Practices & Techniques Fueling Growth: With rapid increase in population, there is heightened demand for food production with limited land resources and manpower, and climatic conditions that necessitate the use of inputs such as narrow genetic base, use of intensive farming systems, and high dose of pesticides, soybean rust control, and fertilizers. The implementation of science & technology in agricultural products enables increased availability of food grains with plant protection measures and an amplified dosage of synthetic fertilizers. Advancements made with research & development in farming have helped implement control strategies for managing pests and diseases with higher use of pesticides, fungicides, and soybean rust control, which is fuelling the growth of the soybean rust control market.

Changing Climatic Conditions Favoring Disease Occurrence in Plants: Climatic changes have influenced the prevalence, occurrence, and severity of plant diseases. Climate changes cause effects between the interaction of crops and pathogens in many ways, and have impacted crop protection products. Changes in CO2 concentration and temperature have effects on disease development variations. Owing to changing climatic conditions and increased prevalence of diseases in crops, there has been increased demand for crop protection and soybean rust control products such as pesticides and fungicides that protect crops against these diseases. This is meant to minimize the devastating consequences on the production of crops on a global scale, which thereby increases demand in the global soybean rust control market.

Increased Applications for Soybeans to Drive Market Growth: Soybeans are known for various health benefits and high-protein content. Hence, they find various applications in the food industry. Current marketing of soybeans is in the packaged form with a 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 incorporate soybean oil for many edible uses. With increased application of soybeans in the food, animal feed, and non-food industry, demand for soybeans is high.

Soybean rust control acts as a barrier in the large-scale production of soybeans, thus, driving the sales of fungicides that protect soybeans from diseases. This factor contributes to the growth of the soybean rust control market on a global scale.

Regional Outlook of Soybean Rust Control Market

Brazil is amongst the largest producers of soybeans in the world, with 35.15 Mn 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 valuable income for the country. Soybean rust can result in yield loss of up to 80% in soybeans, and thus, demand for soybean rust control against the disease is high in Brazil.

Key players in the soybean rust control market 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.

COVID-19 Impact on Soybean Rust Control Market

As the COVID-19 disease has spread across the world, most industries are witnessing a slowdown across the world. COVID-19 has affected both, supply and demand channels, and has also affected all elements of the food system, from primary supply to processing, trade as well as national and international logistics systems, to intermediate and final demand.

Countries such as Brazil and the U.S. are the largest producers of soybean in the world, which have been badly affected by the spread of COVID-19. Thus, production and export of the soybean have reduced during the pandemic. These factors have ultimately impacted the movement and demand for crop protection and soybean rust control products, adversely impacting the progress of the soybean rust control market.

Analysts’ Viewpoint

The global soybean rust control market is anticipated to exhibit moderate growth, with North America and Latin America projected to offer potential growth opportunities during the forecast period of 2020-2030. Increasing spread of Phakopsora Pachyrhiziwhich rust on soybean crops will support the growth of the global soybean rust control market in the foreseeable future.

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.

Soybean Rust Control Market: Report Scope

A latest market report by Persistence Market Research on the global soybean rust control market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global soybean rust control market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global soybean rust control market. This market study contains exclusive insights into how the global soybean rust control market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global soybean rust control market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with soybean rust control. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global soybean rust control market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global soybean rust control market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the soybean rust control market. Furthermore, new and emerging players in the global soybean rust control market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global soybean rust control market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global soybean rust control market. All stakeholders in the global soybean rust control market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

Key Segments of Global Soybean Rust Control Market

PMR’s report on the global soybean rust control market offers information divided into four segments - type, species, fungicide, and region.

Type

  • Liquid
  • Powder

Species

  • Phakopsora Meibomiae
  • Phakopsora Pachyrhizi

Fungicide

  • Protective
  • Curative

Region

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

Key Questions Answered in PMR’s Global Soybean Rust Control Market Study

  • Which region will hold the highest market share in the global soybean rust control market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global soybean rust control market?
  • What are the global trends impacting the soybean rust control market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the soybean rust control market?
  • What is the market structure of the global soybean rust control market?

Global Soybean Rust Control Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global soybean rust control market, and reach conclusions about the future growth factors of the industry. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research

Companies covered in Soybean Rust Control Market Report

  • Corteva Agriscience
  • Bayer AG 
  • Syngenta
  • Nufarm
  • SIPCAM NICHINO BRASIL S/A
  • UPL
  • FMC Corporation
  • BASF SE
  • ADAMA Ltd.
  • Ourofino Agrociência
  • Sumitomo Chemical Co., Ltd.
  • Albaugh, LLC.
  • Nortox
  • Rotam
  • IHARA

Soybean Rust Control Market

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