Research Nester’s recent market research analysis on “Fungicides Market: Global Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitors analysis and a detailed overview of the global fungicides market in terms of market segmentation by type, form, crop type, application, and by region.
Worldwide Escalating Importance for High-Value Crops Yield to Drive Growth of Global Fungicides Market
The global fungicides market is estimated to grow majorly on account of the massively surging importance for high-value crops yield that offer relatively higher net revenues per hectare to farmers. The high-value crops that consists of various types of vegetables, flowers, fruits, ornamentals, and spices are notably revolutionizing the agriculture sector. For instance, by 2022, the global tomato crop is predicted to increase from 37 to 39.8 million metric tons.
The market research report also includes other growth factors and challenges that are associated with the growth of the global fungicides market. Some of the major growth indicators are:
Growth Drivers:
· Global Surge in Utilization of Cereals
· Globally Rising Implementation of Organic Farming
Challenges:
The growing apprehension for health and environment, and significantly increasing risk of effecting useful microorganisms that exists in crops are some of the major factors anticipated to hamper the growth of the global fungicides market. Despite of the numerous restraint factors associated with the growth of the market, Research Nester’s analysis indicates a robust growth for the market during the forecast period
The market research report on global fungicides encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
By crop type, the global fungicides market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The fruits & vegetables segment is to garner a highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period on the back of the majorly increasing occurrence of several kinds of fungal diseases in fruits and vegetables.
By region, the Asia Pacific fungicides market is to generate the highest revenue by the end of 2033. This growth is anticipated by higher crop production such as rice, cereals, fruits and vegetables, and majorly increasing demand for high-quality food harvests.
The research is global in nature and covers detailed analysis on the fungicides market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global fungicides market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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This report also provides the existing competitive scenario of some of the key players of the global fungicides market which includes company profiling of Corteva Agriscience, UPL Limited, Isagro SpA, BioWorks, Inc., BASF SE, Syngenta Crop Protection AG, Sumitomo Chemical Co., Ltd., Nufarm Limited, Adama Agricultural Solutions Ltd., FMC Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fungicides market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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