Fungicides Market

Fungicide is a toxic substance that is used to kill or prevent the growth of fungi. It is majorly used to control parasitic fungi, causing economic damage to ornamental plants, crops, and risks the health of animals and humans. Most of the horticulture and agricultural fungicides are used as dust or sprays. Seed fungicides are also applied to seeds before germination, to prevent them from any fungal disease. Fungicides improve the quality of crops and are gaining traction among farmers.

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Fungicides Market Key Drivers

Increasing demand for high-value crops, rising crop diseases, and the introduction of novel fungicide products are key factors driving the growth of the global fungicides market. It has been observed that more than 15% of staple crops that provide almost half of the calorie intake. Climate change is one of the major reasons, which affects plants in agricultural and natural ecosystems. Plant disease management faces multiple challenges across the world due to the exhaustion of marginally arable lands, the competition of land in fertile areas, rising demand for diverse foods to support the increasing population, depletion of natural resources, and increased risk of epidemics. To meet the population demand, farmers across the world have started adopting fungicides for crop, as the treated plants more efficient in photosynthesis than untreated ones. Thus, the rising crop diseases is increasing the adoption of fungicides across the world, which is further fuelling the growth of the market globally.

On the other edge, it has been observed that the increasing usage of fungicides in plants has developed resistance for the chemicals among fungus. Many times fungicides are not able to prevent plants due to the high resistance of some fungus, which might hinder the growth of the market.

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On the basis of type, the market is segmented into biological and chemical. Among these, the biological segment would witness a higher CAGR during the forecast period owing to the increasing focus on avoiding human health hazards and environmental pollution. Additionally, due to the increasing usage of chemical fungicides, pathogens have started becoming resistant to chemicals, hence the farmers have shifted their focus toward bio fungicides.

On the basis of application, the market is segmented into foliar spray, chemigation, seed treatment, soil treatment, and post-harvest. Among these, the post-harvest would witness a higher CAGR during the forecast period. Several times the post-harvest of fruits and vegetables or crops becomes challenging due to the occurrence of minor wounds during packaging, travelling, and handling of the items. These wounds become penetrating areas for fungicides, thus in order to prevent such mishappenings, farmers prefer to use fungicides post-harvesting.

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Regional – Segment Analysis

Based on region, Asia Pacific is projected to dominate the market during the forecast period. This is due to the increasing focus of the government to accelerate the production and quality of crops. Moreover, due to the large population in the region, demand for food products is surging, which boosts the growth of fungicides in the Asia-Pacific.

Top Market Players

The major companies in the market include BASF SE, Bayer AG, Corteva, Inc., Syngenta AG, FMC Corporation, UPL Ltd, Nippon Soda Co., Ltd., Sumitomo Chemical Co., Ltd., Isagro Spa, and Nufarm Agriculture Inc.

Key Developments:

• • In 2020, BASF Inc. launched an innovative fungicide named Sercadis Plus, which would help apple farmers in India protect apple orchids and boost their productivity. It is a spray program for better disease management.
  • In 2019, Bayer AG launched fungicide, which is marketed under iblon™ technology brand. The product is available in New Zealand for 2019 and 2020 cereal growing season.

Segments covered in the Report:

The global fungicides market has been segmented on the basis of type, crop, mode of application, mode of action, form, and region.  Based on type, the market is segmented into biological and chemical. Based on crop, market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Based on mode of application, the market is segmented into foliar spray, chemigation, seed treatment, soil treatment, and post-harvest. Based on mode of action, the market is segmented into contact, and systemic. Based on form, the market is segmented into liquid, and dry.

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Key questions answered in this research report:

• • At what pace is global fungicides market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global fungicides market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global fungicides market?
  • Which crop generated maximum revenues in 2019 and identify the most promising crop during the forecast period?
  • What are the various mode of applications of global fungicides market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Crop, By Mode of Application, By Mode Of Action, By Form, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BASF SE, Bayer AG, Corteva, Inc., Syngenta AG, FMC Corporation, UPL Ltd, Nippon Soda Co., Ltd., Sumitomo Chemical Co., Ltd., Isagro Spa, and Nufarm Agriculture Inc among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Fungicides Market by Type

• • Biological
    • Microbials
    • Botanicals
  • Chemical
    • Triazoles
    • Dithicarbamates
    • Strobilurins
    • Phenylamides
    • Chloronitriles
    • Others

Global Fungicides Market by Crop

• • Cereals & Grains
    • Corn
    • Wheat
    • Rice
    • Others
  • Oilseeds & Pulses
    • Soyabean
    • Cotton
    • Others
  • Fruits & Vegetables
    • Apples
    • Pears
    • Grapes
    • Cucumbers
    • Potatoes
    • Others
  • Others

Global Fungicides Market by Mode of Application

• • Foliar Spray
  • Chemigation
  • Seed Treatment
  • Soil Treatment
  • Post-Harvest

Global Fungicides Market by Mode of Action

• • Contact
  • Systemic

Global Fungicides Market by Active Form

• • Liquid
  • Dry

Global Fungicides Market by Region

• • North America Fungicides Market (Option 1: As a part of the free 25% customization)
    • North America Fungicides Market by Type
    • North America Fungicides Market by Crop
    • North America Fungicides Market by Mode of Application
    • North America Fungicides Market by Mode of Action
    • North America Fungicides Market by Mode of Form
    • US Fungicides Market All-Up
    • Canada Fungicides Market All-Up
  • Europe Fungicides Market (Option 2: As a part of the free 25% customization)
    • Europe Fungicides Market by Type
    • Europe Fungicides Market by Crop
    • Europe Fungicides Market by Mode of Application
    • Europe Fungicides Market by Mode of Action
    • Europe Fungicides Market by Mode of Form
    • UK Fungicides Market All-Up
    • Germany Fungicides Market All-Up
    • France Fungicides Market All-Up
    • Spain Fungicides Market All-Up
    • Rest of Europe Fungicides Market All-Up
  • Asia-Pacific Fungicides Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Fungicides Market by Type
    • Asia-Pacific Fungicides Market by Crop
    • Asia-Pacific Fungicides Market by Mode of Application
    • Asia-Pacific Fungicides Market by Mode of Action
    • Asia-Pacific Fungicides Market by Mode of Form
    • India Fungicides Market All-Up
    • China Fungicides Market All-Up
    • Japan Fungicides Market All-Up
    • Rest of APAC Fungicides Market All-Up
  • RoW Fungicides Market (Option 4: As a part of the free 25% customization)
    • RoW America Fungicides Market by Type
    • RoW Fungicides Market by Crop
    • RoW Fungicides Market by Mode of Application
    • RoW Fungicides Market by Mode of Action
    • RoW Fungicides Market by Mode of Form
    • Brazil Fungicides Market All-Up
    • South Africa Fungicides Market All-Up
    • Saudi Arabia Fungicides Market All-Up
    • UAE Fungicides Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Fungicides Market All-Up

Global Fungicides Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • Bayer AG
  • Corteva, Inc.
  • Syngenta AG
  • FMC Corporation
  • UPL Ltd
  • Nippon Soda Co. Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Isagro Spa
  • Nufarm Agriculture Inc