Global Liquid Fungicides Market Segmentation, By Type (Chemical and Biological), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Other Crop Types), Action (Contact and Systemic), Application (Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, and Post-Harvest) – Industry Trends and Forecast to 2031.
Liquid Fungicides Market Analysis
The liquid fungicides market is expanding due to advancements in formulation technologies, enhancing efficacy and application precision. Recent developments include nano-encapsulation for controlled release and bio-based fungicides derived from natural sources. These innovations improve disease control and environmental safety, driving market growth. Increased demand for sustainable agriculture practices further fuels this expansion, with a focus on integrated pest management solutions.
Liquid Fungicides Market Size
The global liquid fungicides market size was valued at USD 11.67 billion in 2023 and is projected to reach USD 16.22 billion by 2031, with a CAGR of 4.2% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Chemical and Biological), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Other Crop Types), Action (Contact and Systemic), Application (Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, and Post-Harvest)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Nufarm (Australia), Dow (U.S.), ADAMA (Israel), Syngenta (Switzerland), Bayer AG (Germany), Sumitomo Chemical Co., Ltd. (Japan), BASF SE (Germany), FMC Corporation (U.S.), NIPPON SODA CO., LTD. (Japan), NUTRICHEM CO., LTD. (China), ISHIHARA SANGYO KAISHA, LTD. (Japan), SEIPASA S.A. (Spain), Verdesian Life Sciences (U.S.), BioWorks Inc. (U.S.), and Koppert (Netherlands)
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Market Opportunities
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Liquid Fungicides Market Definition
Liquid fungicides are chemical solutions used to control fungal diseases in plants. They are applied directly to the affected areas or soil and work by disrupting fungal cell processes, inhibiting growth, or killing the fungus. Liquid formulations allow for easy application and quick absorption, making them effective for managing a variety of plant pathogens.
Liquid Fungicides Market Dynamics
Drivers
- Rising Incidences of Fungal Resistance
The rising incidences of fungal resistance significantly impact the liquid fungicides market. For instance, the emergence of resistant strains such as Fusarium and Alternaria in wheat and tomato crops has spurred the development of novel fungicide formulations. Farmers are increasingly seeking advanced liquid fungicides to address these resistant strains effectively. This drive for new solutions boosts market demand as agricultural producers aim to maintain crop health and yield.
- Rising Agricultural Production
Rising global food demand necessitates increased agricultural production, prompting more extensive crop cultivation. This expansion elevates the risk of fungal diseases, making effective fungicides crucial for protecting yields. For instance, in regions such as India and China, where crop production has surged to meet growing food needs, the use of liquid fungicides has become essential to safeguard crops such as wheat and rice from damaging fungal infections, thereby driving market growth.
Opportunities
- Advancements in Fungicide Formulations
Advancements in fungicide formulations, such as the development of nano-encapsulation technologies and controlled-release systems, enhance the efficacy and ease of application. For instance, BASF's Xemium fungicide utilizes new chemistry to provide extended protection and reduce application frequency. These innovations lead to better disease control, lower environmental impact, and increased convenience for farmers, thereby driving the adoption of liquid fungicides in the market.
- Growing Organic Farming
The rise in organic farming practices presents a significant market opportunity for liquid fungicides that meet organic standards. For instance, products such as copper-based fungicides are widely used in organic farming due to their compliance with organic regulations. As more farms transition to organic methods, the demand for such compliant fungicides grows, driving market expansion and encouraging innovation in organic-friendly fungicide solutions.
Restraints/Challenges
- High Costs of Production
High production costs, encompassing raw materials and research and development, can make liquid fungicides expensive. This is particularly burdensome for farmers in developing regions, leading to reduced market adoption. The financial strain of purchasing these costly fungicides may deter widespread use, limiting the growth potential of the market.
- Alternatives and Integrated Pest Management
The rise of alternative pest control methods and integrated pest management (IPM) practices is limiting the use of liquid fungicides. Organic fungicides and biological controls offer environmentally friendly and sustainable options, decreasing reliance on chemical treatments. As these alternatives gain popularity, they challenge the liquid fungicide market by reducing demand and shifting preferences towards less hazardous and more integrated approaches to pest management.
This 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, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2023, Bayer introduced Luna Pro, a premium fungicide offering comprehensive control of both foliar and soilborne diseases in potatoes. This advanced product combines efficacy with versatility, addressing critical disease management needs for potato crops and enhancing overall agricultural productivity
- In March 2023, Corteva Agriscience launched Adavelt™ Active, a novel fungicide featuring a unique mode of action. Designed to tackle a broad spectrum of fungal threats, Adavelt Active aims to boost crop yields and improve farmer productivity by providing a cutting-edge solution for enhanced crop health
- In February 2023, ADAMA inaugurated a new multi-purpose plant in Taquari, Brazil, to expand production of key active ingredients, including Prothioconazole. This facility enhances ADAMA's ability to supply Prothioconazole-based fungicides, crucial for protecting soybean crops from Asian Soybean Rust and supporting new product launches in Brazil
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Liquid Fungicides Market Scope
The market is segmented on the basis of type, crop type, action and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Chemical
- Triazoles
- Strobilurins
- Dithiocarbamates
- Chloronitriles
- Phenylamides
- Other Chemical Fungicides
- Biological
- Microbial
- Botanical
Crop Type
- Cereals and Grains
- Corn
- Wheat
- Rice
- Other Cereals and Grains
- Oilseeds and Pulses
- Soybean
- Cotton
- Other Oilseeds and Pulses
- Fruits and Vegetables
- Apple
- Pears
- Cucumber
- Potatoes
- Grapes
- Other Fruits and Vegetables
- Other Crop Types
Action
- Contact
- Systemic
Application
- Seed Treatment
- Soil Treatment
- Foliar Spray
- Chemigation
- Post-Harvest
Liquid Fungicides Market Regional Analysis
The market is analyzed and market size insights and trends are provided by country, type, crop type, action and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Asia-Pacific is expected to dominate the liquid fungicides market due to increased government initiatives, copper liquid fungicide, and rising demand for crop care chemicals in the region. Enhanced agricultural practices and supportive policies are driving the adoption of fungicides, addressing plant diseases effectively and ensuring improved crop yields across diverse agricultural sectors.
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 down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Liquid Fungicides Market Share
The 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 market.
Some of the major players operating in the market are:
- Nufarm (Australia)
- Dow (U.S.)
- ADAMA (Israel)
- Syngenta (Switzerland)
- Bayer AG (Germany)
- Sumitomo Chemical Co., Ltd. (Japan)
- BASF SE (Germany)
- FMC Corporation (U.S.)
- NIPPON SODA CO., LTD. (Japan)
- NUTRICHEM CO., LTD. (China)
- ISHIHARA SANGYO KAISHA, LTD. (Japan)
- SEIPASA S.A. (Spain)
- Verdesian Life Sciences (U.S.)
- BioWorks Inc. (U.S.)
- Koppert (Netherlands)
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