Chlorothalonil Market: Global Industry Analysis and Forecast (2024 -2030)

The Chlorothalonil Market size was valued at USD 285.60 Million in 2023 and the total Chlorothalonil revenue is expected to grow at a CAGR of 6.4% from 2024 to 2030, reaching nearly USD 440.91 Million by 2030.

Chlorothalonil Market Overview

Chlorothalonil, chemically known as tetrachloroisphthalonitrile, is a chlorinated aromatic compound with fungicidal properties. It belongs to the group of organochlorine fungicides and is widely used in agricultural practices to protect crops from fungal diseases.

1. The Global Chlorothalonil key players include Jiangyin Suli, Jiangsu Xinhe, Syngenta, SDS Biotech, Jiangsu Weunite, etc., which hold a share of about 95%.

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Agriculture, one of the prominent sectors, satisfies the needs of the world by supplying food. The growth of the food and beverage industry combined with the rise in the total consumption of cereals, vegetables, pulses, etc. has put substantial pressure on the agriculture sector. Increasing concerns about crop diseases and post-harvest losses fuel the demand for effective fungicides. The rising need to increase the quality and yield of essential crops owing to the scarcity of resources and higher demand for crops has fueled the need for crop protection measures including the use of pesticides on crops. Additionally, the surge in demand for food, leather products, and furniture & other wooden equipment, owing to growth in end-user industries such as agriculture, construction, leather, and woodwork, further boosts the chlorothalonil market growth. However, the emergence of new fungal strains & resistance issues, and ambiguity about the acute toxic health effects among humans pose a challenge that hinders chlorothalonil market growth.

1. In the United States, Chlorothalonil is widely used in vegetables and fruits where its consumption is 48%, followed by 9% in orchards and grapes, 5% in corn, and 38% was consumed by other crops.

In 2023, North America stood as an emerging region in the chlorothalonil market, driven by the rising focus on ensuring crop health and maximizing yields. Chlorothalonil has been widely used in this region to cultivate various crops, such as tomatoes, potatoes, and peanuts. Farmers have been using the chemical to prevent fungal diseases in the region fruits, ornamentals, berries, turf, root crops, cucurbits, and vegetables. In addition, the increasing need for sustainable farming practices to align with sustainability goals is driving the chlorothalonil market growth.

Chlorothalonil Market Dynamics

Addressing Fungal Threats and Boosting Global Food Security

The ever-expanding global population puts immense pressure on food production systems, and farmers worldwide are urged to maximize yields and minimize crop losses. Fungal diseases are a significant threat to crop health, reducing yields and impacting food security. The agricultural sectors of emerging economies are investing in agricultural infrastructure, technology, and practices to improve their food security and economic standing. This investment has increased the demand for crop protection solutions driving the demand for the Chlorothalonil market. Farmers in these regions face challenges like ensuring high yields to meet the growing demand while operating within budget constraints. Chlorothalonil effectively controls a wide range of fungal diseases in various crops and is a cost-effective option for farmers to secure their harvests and contribute to the global food supply chain. Additionally, concerns about environmental impact, fungal resistance, and its affordability continue to drive chlorothalonil market growth, especially where alternative solutions are less accessible or more expensive. The growing agricultural sector in emerging economies, the persistent rise in food demand, and the cost-effectiveness of Chlorothalonil present a potent combination of factors driving its market growth.

Environmental Challenges and Future Prospects

Environmental concerns remain a major obstacle for the Chlorothalonil market. Potential impacts on water contamination, soil degradation, and harm to non-target organisms have led to stricter regulations on Chlorothalonil use in various regions. The stricter regulations pose a significant threat to chlorothalonil market availability and growth. The uncertainty, coupled with the growing awareness of environmental responsibility, pushes farmers towards alternative solutions and sustainable agricultural practices that minimize environmental impact. Additionally, as technological advancements continue, newer fungicides with potentially improved environmental profiles, lower human health risks, and targeted activity against specific fungal diseases are being developed. These alternatives offer farmers safer and more precise solutions for crop protection, making them increasingly attractive options. The probable health risks, the emergence of alternatives, and the growing focus on environmental sustainability present a formidable set of challenges for the Chlorothalonil market. The future of chlorothalonil in agriculture depends on addressing these issues, investigating responsible use techniques, and creating safer, environmentally friendly alternatives.

Chlorothalonil Market Segment Analysis

Based on Type, the chlorothalonil market is bifurcated as 98% chlorothalonil, 96% chlorothalonil, and 90% chlorothalonil. The 98% chlorothalonil segment dominated the market with the largest share of about 90% in 2023. Favored for its effectiveness in controlling a wide range of fungal diseases, it is commonly used in agriculture, horticulture, and turf management. It offers superior potency and more efficient protection, potentially requiring less application and reducing overall usage, leading to cost savings making the segment dominant in the chlorothalonil market. Farmers and professionals are increasingly preferring the concentrated form on account of its efficiency and cost-effectiveness, which is contributing to the growth of the market. Additionally, in some situations, like dealing with severe fungal diseases or specific regulatory requirements, using a more concentrated product such as 98% chlorothalonil has been necessary for superior crop protection, thanks to its proven effectiveness and well-established reputation in the market.

1. According to MMR analysis, among all the exported chlorothalonil products containing TC and formulations, chlorothalonil 98.5% TC ranked first, accounting for 54.29%.

Apart from that, in the chlorothalonil market, the 96% segment held a significant presence, especially in the agriculture sector. Farmers utilize it extensively to battle a variety of fungal infections in a wide range of crops owing to its cost-effectiveness and adaptability. A combination of the constant demand for crop protection and its established presence in areas with stricter laws, the market is expected to increase steadily in the foreseeable future. Its long-term growth prospects are likely to be hampered by impending difficulties, nevertheless, like the strengthening of environmental rules and the creation of more eco-friendly and targeted fungicide alternatives.

Chlorothalonil Market Regional Insights

Asia Pacific dominated the Global Chlorothalonil Market with the highest share in 2023 and is expected to grow at a CAGR of 6.4% during the forecast period and maintain its dominance. The rise in the need for substantial crop protection drives the chlorothalonil market in the region. In APAC, particularly China and India are the leading producers of essential crops, such as rice, corn, and cotton, which boost the growth of the chlorothalonil market. China houses some of the most renowned manufacturers of chlorothalonil such as Lufeng (China), Jiangsu Huangma Agrochemical Co., Ltd. (China), Limin Group Co. Ltd. (China), Hebei Shuangji Chemical Co., Ltd. (China), and Rotam CropSciences (Hong Kong). In India, synthetic pesticides are widely utilized to control insect and disease invasion, which, in turn, has resulted in a 45% reduction in crop loss. The growing agricultural activities on account of the increasing population are offering a positive market outlook in the region. The region is characterized by large variations in weather conditions and, is highly dependent on developing countries of the Asia Pacific area for agriculture and tends to spend heavily on crop protection measures to achieve better yields and quality crops, driving the demand for chlorothalonil market.

1. The top 3 importers of Chlorothalonil are India with 360 shipments followed by the United States with 347 and Belgium with 175 shipments.

Europe maintains a strong presence in the market on account of a well-established and highly diversified agricultural sector. Apart from this, the rising focus on consuming safe food products among individuals is supporting the growth of the chlorothalonil market. The demand for effective fungicides in agriculture has led to a consistent growth trend in the chlorothalonil market in Europe. The region holds a substantial portion of the market, especially in the United Kingdom, where chlorothalonil was the most widely used pesticide until it was outlawed over safety concerns. Apart from these concerns, the industry is growing, with key players like Syngenta and Bayer CropScience making considerable contributions to the chlorothalonil market as a whole.

Chlorothalonil Market Competitive Landscapes

The Chlorothalonil market is competitive, combining established players and emerging brands. Various factors affect the chlorothalonil market, such as population growth leading to high demand for quality food, disease control concerns, and the need for effective fungicides influencing the chlorothalonil market. The chlorothalonil market is characterized by leading players in the market including SDS Biotech (Japan), GFS Chemicals (USA), Bayer Crop Science (Germany), and Syngenta (Switzerland). Key players are investing in R&D to improve the efficacy and safety of chlorothalonil products. They’re developing eco-friendly formulations, customized product offerings, collaborating with research institutions including new product launches, contractual agreements, increased investments, mergers and acquisitions, and collaboration with other firms.

1. In 2023, Adama Agricultural Solutions Ltd. acquired the Crop Protection business of Jiangsu Yangnong Chemical Group Co., Ltd., including its chlorothalonil portfolio and strengthened Adama’s position as a leading global supplier of chlorothalonil.

2. The European Union (EU) partially renewed the approval of Chlorothalonil for use in the EU in 2023, with stricter restrictions and a phased-out use by 2035. This decision comes after concerns regarding potential environmental and health risks associated with Chlorothalonil use.

3. BASF and ADAMA Agricultural Solutions announced a collaboration in 2023 to develop and commercialize new fungicide solutions, including potential applications for Chlorothalonil.

Chlorothalonil Market Scope: Inquire Before Buying

Chlorothalonil Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Chlorothalonil Market Key Players

1. North America
1.1. Cheminova A/S (Jersey)
1.2. Corteva Agriscience (USA)
1.3. Dow Chemical Company (USA)
1.4. FMC Corporation(USA)
1.5. Riverdale Chemical Company Inc. (USA)
1.6. GFS Chemicals (USA)
2. Europe
2.1. Syngenta Group (Switzerland)
2.2. BASF SE (Germany)
2.3. Bayer AG (Germany)
2.4. Sipcam Oxon (Italy)
2.5. Isagro S.p.A. (Italy)
2.6. LANXESS (Germany)
3. Asia Pacific
3.1. Zhejiang Heben Pesticide & Chemicals Co., Ltd. (China)
3.2. Rallis India Limited (Tata Chemicals Limited) (India)
3.3. Changzhou Wintafone Chemical Co., Ltd. (China)
3.4. Nufarm Limited (Australia)
3.5. Lufeng (China)
3.6. Jiangsu Huangma Agrochemical Co., Ltd.(China)
3.7. Limin Group Co. Ltd. (China)
3.8. SDS Biotech K.K. (Idemitsu Kosan Company Ltd.) (Japan)
3.9. UPL Limited (India)
3.10. Rotam CropSciences (Hong Kong)
4. Middle East & Africa
4.1. Adama Agricultural Solutions Ltd. (Israel)

FAQs:
1. What are the growth drivers for the Chlorothalonil market?
Ans. Increasing demand for food, emerging economies, and cost-effectiveness are the drivers of the Global Chlorothalonil Market.

2. What are the opportunities for the Chlorothalonil market growth?
Ans. The development of new formulations and integrated pest management strategies are opportunities for the Chlorothalonil Market.

3. Which region is the fastest-growing region in the Global Chlorothalonil market during the forecast period?
Ans. Asia Pacific is the fastest-growing region in the global Chlorothalonil market during the forecast period.

4. What is the projected market size & and growth rate of the Chlorothalonil Market?
Ans. The Chlorothalonil Market size was valued at USD 285.60 Million in 2023 and the total Chlorothalonil revenue is expected to grow at a CAGR of 6.4% from 2024 to 2030, reaching nearly USD 440.91 Million by 2030.

5. What segments are covered in the Chlorothalonil Market report?
Ans. The segments covered in the Chlorothalonil market report are type, product crop type, and region.

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