Fungicides Market Size, Share, Industry Growth, Trends, Report 2024-2032

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The latest report by IMARC Group, titled “Fungicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global fungicides market share. The global fungicides market size reached US$ 19.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.19% during 2024-2032.

Factors Affecting the Growth of the Fungicides Industry:

  • Crop Diseases:

Crop diseases caused by fungi can lead to substantial yield losses in agricultural production. Farmers rely on fungicides to prevent, manage, or mitigate these diseases, thereby safeguarding their crop yields and economic interests. Fungal pathogens can affect a wide range of crops, ranging from cereals like wheat and rice to fruits and vegetables. This broad spectrum of susceptibility necessitates the use of fungicides across various agricultural sectors. Fungicides also play a vital role in breaking the disease cycle, ensuring the continued viability of crop rotation as a disease management strategy.

  • Climate Change:

Climate change is leading to erratic and unpredictable weather patterns, including increased temperatures, humidity, and precipitation in some regions. These changes are creating favorable conditions for the proliferation of fungal pathogens in crops, which is supporting the growth of the market. Warmer temperatures and altered frost patterns are extending growing seasons in many areas. As a result, crops are exposed to fungal diseases for longer durations, increasing the need for fungicide application.

  • Commercial Agriculture:

Commercial agriculture involves the cultivation of crops on a large scale to meet the demands of a growing global population. Large fields and extensive crop areas make commercial farms particularly vulnerable to fungal diseases, necessitating the use of fungicides to protect their investments. Many commercial farms practice monoculture, where a single crop is grown continuously over several seasons. This practice can create a conducive environment for the buildup of fungal pathogens, increasing the reliance on fungicides to prevent disease outbreaks. Large-scale commercial farms are investing in advanced farming technologies, including precision agriculture and modern application equipment. This facilitates the effective and targeted use of fungicides, optimizing their impact.

For an in-depth analysis, you can refer sample copy of the report:

Global Fungicides Market Trends:

There is a growing preference for fungicides that are environment friendly and have a lower impact on non-target organisms and ecosystems.

Biofungicides, which are derived from natural sources like microorganisms and plant extracts, are gaining traction as alternatives to chemical fungicides due to their reduced environmental impact and potential for resistance management.

Green Coffee Market Report Segmentation:

Fungicides Market Report Segmentation:

By Type:

  • Chemical
    • Triazoles
    • Strobilurins
    • Dithiocarbamates
    • Chloronitriles
    • Phenylamides
    • Others
  • Biological
    • Microbials
    • Microchemical
    • Macrobials

Chemical represented the largest segment as synthetic chemical fungicides are widely used for disease control.

By Form:

  • Liquid
    • Suspension Concentrates (SC)
    • Emulsifiable Concentrates (EC)
    • Soluble Liquid Flowables (SLC)
  • Dry
    • Water Dispersible Granules (WDG)
    • Wettable Powder (WP)

Liquid accounted for the largest market share due to its ease of handling, mixing, and applying.

By Crop Type:

  • Cereals and Grains
    • Corn
    • Wheat
    • Rice
    • Others
  • Oilseeds and Pulses
    • Soybean
    • Cotton
    • Others
  • Fruits and Vegetables
    • Apple
    • Pears
    • Cucumber
    • Potatoes
    • Grapes
    • Others
  • Others

Cereals and grains exhibit a clear dominance in the market as these crops are a staple food for a significant portion of the global population and protecting them from fungal diseases is a top priority for agriculture.

By Mode of Action:

  • Contact
  • Systemic

Contact holds the biggest market share due to its action on the surface of plant tissues, providing immediate protection against fungal pathogens.

By Application:

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

Seed treatment dominates the market as it offers an efficient and targeted approach to disease prevention.

Regional Insights:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Asia Pacific enjoys the leading position in the fungicides market on account of the increasing number of agricultural activities and diverse crop portfolios.

Competitors Landscape with Key Players:

  • American Vanguard Corporation
  • Atticus, LLC
  • Bayer AG
  • Botano Health
  • Corteva Inc.
  • FMC corporation
  • Isagro SpA (Gowan Company LLC)
  • Marrone Bio Innovations Inc
  • Nufarm Limited
  • Sumitomo Chemical Co., Ltd.
  • Syngenta AG
  • Terramera Inc
  • UPL Limited, etc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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