Sumitomo Chemical Submits Bifemetstrobin Fungicide Registration Applications in Three Markets

Sumitomo Chemical has submitted registration applications for bifemetstrobin, a novel fungicide active ingredient it discovered, to regulatory authorities in Japan, the United States and Brazil. The quinone outside inhibitor (QoI) is reported to show high efficacy against QoI-resistant strains, including soybean rust prevalent in Brazil. The company anticipates launching bifemetstrobin-containing products in 2030 or later, following regulatory approval, and plans development in other countries.

Key facts

Market context

Fungicides are crop protection chemicals used to control fungal diseases that reduce yields and quality in cereals, fruits, vegetables and oilseeds. Strobilurin fungicides, the quinone outside inhibitor (QoI) class to which this active ingredient belongs, have been widely used since the 1990s, but their single-site mode of action has led to resistance in several pathogens, including soybean rust. Growers therefore rely on rotating fungicides with different modes of action to preserve effectiveness. Demand for crop protection is driven mainly by row crops such as soybeans, corn and wheat, with Brazil among the largest soybean producers and a major consumer of foliar fungicides. New active ingredients with a distinct mode of action are relatively rare because discovery and registration take many years and substantial investment. For buyers and investors, a new chemistry that works against resistant strains can influence formulation supply, pricing of existing QoI products, and competitive positioning among agrochemical producers, though any effect depends on regulatory approval and eventual commercial launch.

Source: official release on sumitomo-chem.co.jp. Summary and context written by Market Krystal.