Market Analysis 

The global fungicides market is predicted to touch USD 20.37 billion at a 4.5% CAGR over the forecast period (2019-2024), as stated by the latest Market Research Future (MRFR) report. Fungicides are biological organisms or chemical compounds that are used for killing parasitic fungi and their spores, yet are not effective against viral diseases, nematodes, or bacteria.  

Various factors are propelling the fungicides market growth. These factors, as per the new MRFR report, include the trend for organic cultivation and precision farming, low cost, growing incidence of fungal attacks on crops, burgeoning demand for organic vegetables and fruits, and high acceptance of IPM (integrated pest management) by crop cultivators. Additional factors pushing market growth include growing government support, rise in crop loss due to fungal diseases, the shift in farming practices, and growing demand for food security and safety.  

On the flip side, stringent laws in the usage of certain fungicides for crop production and toxicity resulting from consumption of fungicides are factors that may restrict the fungicides market over the forecast period.  

Regional Analysis

By region, the fungicides market report covers the latest trends and growth opportunities across Europe, the Asia Pacific, North America, and the Rest of the World. Of these, Europe will spearhead the market over the forecast period. Germany is the chief contributor in the region. Factors aiding market growth include extensive use of fungicides to protect vegetables and fruits against fungal diseases, growing awareness about the benefits of fungicides, and high demand for organic vegetables and fruits. 

The fungicides market in the APAC region is predicted to have phenomenal growth over the forecast period. Factors aiding growth in the region include growing demand for organic pulses, cereals, vegetables, and fruits, the government initiative to create awareness regarding the accurate usage of fungicide among farmers for higher crop yield, and regulatory approval for the usage of fungicides on commercial products. 

Market Segmentation

The MRFR report provides an all-inclusive segmental analysis of the fungicides market report on the basis of type, mode of treatment, form, and application. 

Based on type, the fungicides market is segmented into bio-fungicides, chemical fungicides, and others. The chemical fungicides segment is again segmented into phenylamides, triazoles, dithiocarbamates, benzimidazoles, and others. Of these, the triazoles segment will have the largest share in the market over the forecast period owing to its extensive use to prevent soybean rust that is regarded as a fungal pathogen. 

Based on treatment, the fungicides market is segmented into soil treatment, seed treatment, and others. Of these, the seed treatment segment will dominate the market over the forecast period chiefly due to the ease of use of fungicides on seeds through spraying technique. 

Based on form, the fungicides market is segmented into liquid, powder, and others. Of these, the liquid segment will lead the market over the forecast period due to ease of use. 

Based on application, the fungicides market is segmented into oilseeds and grains, cereals and pulses, fruits and vegetables, and others. Of these, the fruits and vegetable segment will have the maximum share in the market over the forecast period. This is chiefly on account of the growing health awareness about organic vegetables and fruits.  

Access Report Details @

Key Players 

Leading players profiled in the fungicides market report include Natural Industries (US), Bioworks Inc (US), American Vanguard Corporation (US), Isagro Spa (Italy), Marrone Bio Innovations Inc. (US), UPL Limited (India), FMC Corporation (United States), Syngenta AG (Switzerland), Nippon Soda Co. Ltd (Japan), Nufarm Limited (Australia), BASF SE (Germany), Sumitomo Chemical Co., Ltd (Japan), DowDupont (US), Bayer Cropscience AG (Germany), and ADAMA Agricultural Solutions Ltd (Israel).  

September 2019: BASF has launched a new fungicide called Belanty, in Colombia. It will offer higher yields to rice farmers and also ensure the use of less water and fewer diseases. The new generation fungicide has high selectivity and high mobility. Owing to its resistance to temperature variations, UV rays, and rain, this will allow farmers in minimizing the impacts of bad weather. 

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America