Fungicides Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG125 | Last Updated On: Jun 07 2022 | Available Formats

> Global Fungicides Market Expected to reach a high CAGR of 3.1% during the forecast period 2022-2029: DataM Intelligence

Global Fungicides Market is segmented By Origin (Bio-Fungicides, Synthetic Fungicides), By Mode of Application (Foliar Spray, Post-Harvest, Seed Treatment, Soil Treatment), By Form (Liquid, Water Dispersable Granule, Wettable Powder), By Product (Benzimidazoles, Chloronitriles, Dithiocarbamates, Phenylamides, Strobilurins, Triazoles, Others), By Application (Turf & Ornamental, Fruits & Vegetables, Oil crops & Pulses, Grains & Cereals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

Fungicides Market is expected to grow at a CAGR of 3.1% during the forecast period 2022-2029.

Growth factors and constraints of Fungicides Market

  • An outburst of various diseases in crops is having a significant impact on both production and quality necessitating the use of fertilizers.
  • Fungal infection is one of the topmost causes of crop diseases worldwide.
  • Fungicides are used for both the prevention and control of fungal diseases that are affecting crops and their yield.
  • Fungicides take a considerable portion of the pesticide market with a share of approximately 27%.
  • They are further classified into Benzimidazoles, Chloronitriles, Dithiocarbamates, Phenylamides, Strobilurins, Triazoles, and others.

Stringent regulations on the use of synthetic fungicides are restraining the global sales of fungicides. A few such Government regulations are listed below.

  • Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA).
  • Federal Food, Drug, and Cosmetic Act (FFDCA).
  • Food Quality Protection Act of 1996 (FQPA).
  • Pesticide Registration Improvement Act (PRIA).
  • Endangered Species Act (ESA).
  • The hazardous effect of inorganic fungicides on the environment is also having an impact on sales as the governments and environmental organizations are running various campaigns to educate farmers about its effects and correct use of fungicides.
  • However, Bio-based Fungicides are neutralizing the deficiency in the overall market share caused due to the above restraint.
  • In addition, the increasing demand for modern techniques in farming and other varieties of agricultural products to increase the productivity of crops will have a positive impact on the overall market.

Market Segmentation

  • Based on origins into Synthetic Fungicides and Bio-Fungicides.
  • Based on the Mode of Application into Foliar Spray, Soil Treatment, Post-Harvest and Seed Treatment.
  • Based on forms into Liquid, Water Dispensable Granule, and Wettable Powder.
  • Based on products as Benzimidazoles, Chloronitriles, Dithiocarbamates, Phenylamides, Strobilurins, Triazoles, and others.
  • The market is further classified by crops into Grains & Cereals, Oil crops & Pulses, Fruits & Vegetables, Tur & Ornamental and others.
  • The report segments the geographies by region, which include North America, South America, Europe, Asia Pacific, and RoW.

Market Report Scope

  • The report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
  • It profiles companies which occupy a major pie in the Fungicides Market share:- BASF SE, ADAMA Agricultural Solutions Ltd., Bayer CropScience AG, E.I. Dupont De Nemours and Company, Monsanto Company, Nufarm Limited, Sumitomo Chemical Co., Ltd, Syngenta AG, The DOW Chemical Company, Platform Speciality Products Corporation, and Bioworks Inc.

Key takeaways from this report

  • Visualize the composition of the Fungicides market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
  • Identify commercial opportunities in Fungicides by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the market – level 4/5 segmentation
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Product mapping in excel for key Fungicides products of all major market players

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