ID: MRFR/AGR/3405-HCR | February 2021 | Region: Global | 110 pages
Global Fungicides Market is projected to reach USD 24.18 Billion by 2027 and is expected to register a 4.30% CAGR during the forecast period, 2019–2027. Fungicides are pesticides that are being used to prevent and control the growth of fungi and spore diseases. These fungicides can be used selectively against specific diseases or a broad-spectrum of fungal diseases. Increasing cultivation of fruits and vegetables across the globe has boosted the growth of the market for fungicides owing to the high susceptibility of plants to fungal diseases. The adoption of advanced farming techniques, growing instances of fungal attacks on crops, and low costs associated with the use of fungicides as compared to other methods to control the growth of fungi are factors that have boosted the demand for fungicides globally. The trend for precision farming and organic cultivation are creating new opportunities for fungicide manufacturers.
Global Fungicides Market has been segmented based on Type, Crop Type, Mode of Application, and Region By type, the global fungicides market has been divided into chemical fungicides and biofungicides. The chemical fungicides segment is further classified into Benzimidazoles, Dithiocarbamates, Triazoles, Phenylamides, and others. Based on crop type, the global fungicides market has been classified into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Based on mode of application, the global fungicides market has been segmented as seed treatment, foliar, soil treatment, and others
Global Fungicides Market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American fungicides market has been categorized as the US, Canada, and Mexico. The European fungicides market has been segmented into Germany, France, Italy, Spain, the UK, and the rest of Europe. The fungicides market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The fungicides market in the rest of the world has been segmented into South America, the Middle East, and Africa.
ADAMA Agricultural Solutions Ltd (Israel), Bayer Cropscience AG (Germany), DowDupont (US), Sumitomo Chemical Co., Ltd (Japan), BASF SE (Germany), Nufarm Limited (Australia), Nippon Soda Co. Ltd (Japan), Syngenta AG (Switzerland), FMC Corporation (United States), UPL Limited (India), Marrone Bio Innovations Inc. (US), Isagro Spa (Italy), American Vanguard Corporation (US), Bioworks Inc (US), and Natural Industries (US) are some of the key players in the global fungicides market.
Regional Market Summary
The market in Europe is expected to dominate the market for fungicides during the forecast period. The high adoption of precision nutrition techniques and the increasing demand for organic products have boosted the need for pesticides in the region. Asia-Pacific is projected to register the highest CAGR during the forecast period. China, India, and Japan contribute significantly to the increasing demand for fungicides in the region.
Global Fungicides Market, by Type
|Market Size||USD 24.18 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Crop Type and Mode of Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||ADAMA Agricultural Solutions Ltd (Israel), Bayer Cropscience AG (Germany), DowDupont (US), Sumitomo Chemical Co., Ltd (Japan), BASF SE (Germany), Nufarm Limited (Australia), Nippon Soda Co. Ltd (Japan), Syngenta AG (Switzerland), FMC Corporation (United States), UPL Limited (India), Marrone Bio Innovations Inc. (US), Isagro Spa (Italy), American Vanguard Corporation (US), Bioworks Inc (US), and Natural Industries (US)|
|Key Market Opportunities||Providing adequate disease control support and increasing crop productivity.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
fungicides market is expected to touch a value of USD 20.37 billion by 2024.
fungicides market is expected to register a CAGR of 4.5% from 2019 to 2024.
Cultivation of crops globally due to demand for foods is the major driver of the global fungicides market.
Organic cultivation and precision farming can boost the global fungicides market revenue in the coming years.
Europe is predicted to dominate the global fungicides market till 2024.
Bayer Cropscience AG, American Vanguard Corporation, Bioworks Inc, Marrone Bio Innovations Inc., DowDupont, FMC Corporation, Natural Industries, UPL Limited, Nippon Soda Co. Ltd, Sumitomo Chemical Co., Ltd, Isagro Spa, BASF SE, ADAMA Agricultural Solutions Ltd, Syngenta AG, and Nufarm Limited are major players of the global fungicides market.