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Forecast Report on Metominostrobin Market Expected to Register an Impressive Growth Till 2027
Study of past, present, and future trends of the industry offers a comprehensive outlook of the growth of the global metominostrobin market during the forecast period between 2018 and 2027.

BriefingWire.com, 9/13/2018 - The global metominostrobin market is predicted to increase growth with rising focus on research and development. The curative and preventative activities of metominostrobin could attract a whole lot of demand in the market. The fungicide’s residual activity could last close to 50 days and could be directly applied to paddy water or to foliage. Oribright is one of the new metominostrobin fungicides used to control rice blast. It is recommended to apply this fungicide 10 days prior to and after the manifestation of initial symptoms of rice blast. In plants, the fungicide is observed to move basipetally and acropetally.

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Metominostrobin Market Outlook: History and Current Scenario

Developed since 1996, Metominostrobin is classified under the most common fungicide group called strobilurins. Strobilurins are, in turn, classified under QoI or quinone outside inhibitor according to their mode of action. Metominostrobin is a broad-spectrum, systemic, preventive, and curative fungicide applied to control the fungal diseases in rice, wheat, soya bean, cotton, kidney beans, and corn. The first commercial metominostrobin was made available in market by Shionogi in 1999. Primarily designed for rice crop, this fungicide is under study for its utilization in other crops as well.

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Rising Global Adoption to Boost Metominostrobin Market

Recently, Sumitomo’s metominostrobin has received approval from the National Health Surveillance Agency (Anvisa) in Brazil, the second largest soya bean producing country. The approval covers foliar application of the fungicide on six crops including corn, soya bean, rice, wheat, cotton, and kidney beans. Argentina, world’s leading soya bean producer, has already received a registration approval for metominostrobin as a Crop Protection product. Along with Argentina and other Latin American countries including Columbia, Peru, Eucador, and Bolivia are leading soya bean producers across the globe have also received the approval. Asian Fruit and cereal producers such as Vietnam, Philippines, Indonesia, Malaysia and other important rice cultivators including India, Pakistan and Shri Lanka have a significant market presence of metominostrobin.

Steadily Growing Rice Consumption to Spur the Demand

Over 60% of the world population relies on rice that serves as a staple food for major world communities. Out of total world rice grain production, approximately 90% is produced as well as consumed in Asia, helmed by India. According to Foreign Agricultural services, USDA, in the month if April 2018, higher rice production was reported in Asian countries such as Pakistan, Philippines, Shri Lanka, and other world countries such as Brazil, Columbia, and Burma. Several studies have shown effective fungal disease control in rice with the use of metominostrobin as compared to other fungicides available in the market. As it provides effective disease control and gives higher grain yield, metomionostrobin is highly preferred in paddy fields.

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