Azoxystrobin Has Been Dominating the Strobilurin Fungicide Market in China

Date: 2015-08-10

“Chinese precision agriculture is now in the incubation period, during which the technology and application is very immature. Being an important part of precision agriculture, precise crop protection is the agricultural technology innovation management and technological system driven by high tech.

Azoxystrobin has been dominating the strobilurin fungicide market in China. After rapid development in recent years, the development potential of the azoxystrobin market has a downtrend, and the development speed also slows down in China.

Kresoxim-methyl takes up a certain market share in fungicides market, but its development potential is less than azoxystrobin and pyraclostrobin. Besides, the development potential of kresoxim-methyl is declining in the domestic market.

The 15th batch of the Registered Pesticides List (2015) has been on publicity from 10 to 16 July 2015, which will be approved by ICAMA. Every product in the list is a formulation with newly registered functions. The number of enterprises that have expanded the application range of its products, and the number of pesticides that have increased their functions, are the largest since the beginning of pesticide registrations. Industry insiders maintain that the MOA intends to expand the functions of registered products in order to speed up the registration of pesticides for vegetables and fruits.

At present, some of pesticide enterprises set foot in agriaviation field. With the aid of advanced aviation technology and their own agricultural technology, they will provide farmers with a series of crop solutions for unified prevention and control, thus to push up pesticide sales.

On 30 June, 2015, Sichuan Hebang intended to invest USD90 million in STK (based in Israel) by cash. After that, Sichuan Hebang gained 51% of shares in STK. Sichuan Hebang’s cross-boundary investment is in line with the development trend of biological pesticides & biological veterinary drugs, thus to improve its products and service structures.

On 8 July, 2015, Lanfeng Biochemical announced that it planned to acquire a pesticide trading company. This move will improve pesticide business operation.

According to the ICAMA, in June 2015, 10 fungicide TC (TK included) were registered in China. Of this, fengjuntong (Chinese name) was firstly registered in China.

In H1 2015, altogether 388 fungicide formulations were registered in China, including 220 single formulations and 168 mixed formulations, according to the ICAMA.

In H1 2015, altogether 51 fungicide technical (including 33 active ingredients of fungicide technical) were registered in China (update of old ones excluded), according to the ICAMA. To be noted, 13 active ingredients of fungicide technical obtained a respective registration for over two times.

In the first four months of 2015, China’s export volume of azoxystrobin technical and formulations experienced sharp YoY growth. Among them, the export volume of azoxystrobin technical increased 49.35% year on year, and export volume of azoxystrobin formulations soared by 83.59% year on year.

On 18 July, 2015, the 3rd Pesticide-fertilizer Summit was held in Nanning City, Guangxi Zhuang Autonomous Region. Experts stated that pesticide-fertilizer (a combination of pesticide and fertilizer) is an important product to solve scarcity of labor. However, the development of pesticide-fertilizer is hindered by production technology, product formula and production standard. 

Accordingly, pesticide-fertilizer is a hot product in the agricultural means of production market. With the increasing demand for pesticide-fertilizer from farmers, this product will have a huge prospect. Pesticide-fertilizer will be a cross-boundary product which has the functions of pesticide and fertilizer. At present, the pesticide-fertilizer market lacks of supervision. CCM will focus on the development of Chinese pesticide-fertilizer market, introduction of national pesticide-fertilizer standards, cooperation between enterprises and the launch of key products. 

The USD/RMB exchange rate in this issue is USD1.00=RMB6.1149 on 1 July, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT unless otherwise specified.”

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