Global Fungicides Market By, Type (Chemical, Biological), Form (Liquid, Dry), Mode of Action (Contact, Systemic), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Other Crop Types), Application (Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Fungicides Market
The fungicides market is expected to witness market growth at a rate of 4.25% in the forecast period of 2022 to 2029. Data Bridge Market Research report on fungicides market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for the various agricultural applications is escalating the growth of fungicides market.
Fungicide refers to a substance, often a chemical that is widely utilized for killing fungi, fungal infections and fungal spores. These chemicals are specially designed pesticides that are used for controlling and preventing the fungal and spores diseases growth. They assist in the protection of crops to maintain their yield and quality. They have various applications in agriculture, horticulture, and floriculture sectors.
The adoption of agrochemicals across the globe acts as one of the major factors driving the growth of fungicides market. The high adoption of intensive farming as it is an agricultural intensification and mechanization system aiming to maximize yields from available land through means such as the heavy use of fungicides and increase in demand for high-value crops accelerate the market growth. The growing emphasis on integrated pest management solutions and rise in demand for effective pest management among farmers owning to the changes in farming techniques and technological advancements further influence the market. Additionally, increase in need for augmented agricultural productivity, growth in population, decline in arable land, expansion of agriculture and horticulture sectors and launches of novel fungicide products positively affect the fungicides market. Furthermore, advent of precision farming and rise in application of biological fungicides extends profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, growing resistance to fungicides and issues with fungicide residue are expected to obstruct the market growth. Stringent regulations and long duration of new product approvals are projected to challenge the fungicides market in the forecast period of 2022-2029.
This fungicides market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fungicides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fungicides Market Scope and Market Size
The fungicides market is segmented on the basis of type, form, mode of action, crop type and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the fungicides market is segmented into chemical and biological. Chemical are further segmented into triazoles, strobilurins, dithiocarbamates, chloronitriles, phenylamides, and other chemical fungicides. Biological are further segmented into microbial and botanical.
- On the basis of form, the fungicides market is segmented into liquid and dry. Liquid is further segmented into suspension concentrates (SC), emulsifiable concentrates (EC), and soluble liquid flowables (SLC). Dry is further segmented into water-dispersible granules (WDG) and wettable powder (WP).
- On the basis of mode of action, the fungicides market is segmented into contact and systemic.
- On the basis of crop type, the fungicides market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and other crop types. Cereals and grains are further segmented into corn, wheat, rice, and other cereals and grains. Oilseeds and pulses are further segmented into soybean, cotton, and other oilseeds and pulses. Fruits and vegetables are further segmented into apple, pears, cucumber, potatoes, grapes, and other fruits and vegetables.
- On the basis of application, the fungicides market is segmented into seed treatment, soil treatment, foliar spray, chemigation, and post-harvest.
Fungicides Market Country Level Analysis
The fungicides market is analyzed and market size, volume information is provided by country, type, form, mode of action, crop type and applications as referenced above.
The countries covered in the global fungicides market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the fungicides market due to the high crop production within the region. Europe is expected to be the fastest growing market during the forecast period of 2022 to 2029 because of the increasing demand for food security in European countries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fungicides Market Share Analysis
The fungicides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fungicides market.
Some of the major players operating in the fungicides market report are Nufarm, Dow, ADAMA India Private Limited, Syngenta, Bayer AG, Sumitomo Chemical, BASF SE, FMC Corporation, Dupont, Nippon Soda, Cheminova, Monsanto, Nutrichem, ISHIHARA SANGYO KAISHA, LTD., Shinobu Ishihara, SEIPASA S.A., Verdesian Life Sciences, LLC, BioWorks Inc., Koppert B.V., and Marrone Bio Innovations, among others.
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