The global fungicide market, valued at USD 20.8 billion in 2022, is expected to reach USD 28.0 billion by 2027, displaying a steady CAGR of 6.1% during the forecast period.
Various macro indicators worldwide, including the expansion of agricultural land under organic farming, have significantly influenced the dynamics of the fungicide market. The Food and Agriculture Organization highlights a consistent increase in the global agricultural land dedicated to organic farming, emphasizing grains, pulses, fruits, and vegetables, which is driving the demand for fungicides. This shift in agricultural practices aims to meet the growing demand for organic food both domestically and internationally, compelling farmers to utilize fungicides to protect their crops from fungal infestations and boost overall crop yield.
Key Market Dynamics:
1. Thriving Investments in R&D and Sustainable Agriculture:
With the surge in global pesticide usage and increased foreign direct investments in agricultural activities, there has been a notable trend of investing in research and development activities for sustainable agriculture techniques. This trend has significantly bolstered the application of various fungicides in the agriculture industry, particularly on major crop types such as cereals and grains. The predominant mode of fungicide application is through spraying and seed treatment.
2. Significance of Seed Coating in Commercial Agriculture:
The high demand for seed coating in commercial agricultural operations is one of the prime drivers of the fungicide market. Seed treatment with fungicides is crucial as numerous fungi pathogens can be carried on or within the seed. Seed treatment serves as an effective and cost-efficient method of disease control, safeguarding seeds against soil and seed-borne pathogens, ultimately preventing seed rot, seedling mortality, and disease manifestation.
3. Efficacy of Systemic Fungicides in Disease Control:
The efficacy of systemic fungicides in providing curative disease control, internal protection, and translocation to hidden plant parts is a key factor propelling the market towards systemic fungicides. Unlike contact fungicides that protect plants externally and can solely eliminate pathogenic activities, systemic fungicides are absorbed by the plants, offering internal protection against various fungi infections, including those affecting the roots. Their translocating properties within the plant help shield crops from widespread fungal attacks.
The major players in the fungicide market, including BASF SE (Germany), Syngenta AG (Switzerland), Corteva Agriscience (USA), UPL Ltd. (India), and FMC Corporation (US), are actively contributing to the market's growth through innovative research and the development of effective fungicidal solutions.
In conclusion, the fungicide market's progression is significantly influenced by the global trend towards organic farming practices, the emphasis on sustainable agriculture techniques, and the continual efforts of key industry players to introduce advanced fungicidal products for improved crop protection and yield enhancement.
Fungicides Market report defines the market trends and forecast the upcoming opportunities and threats of fungicides market in the next 8 years.
Rising demand of fruits and vegetables, changing dietary patterns, is driving factors for fungicides market Fungicides are used in prevention and control of fungal diseases that affect plants.
Some of the most popular ingredients used in fungicides for their application in oilseeds and pulses are fluopyram, prothioconazole, picoxystrobin, bixafen, and tebuconazole.The global fungicides market is expected to reach USD 22.06 billion by 2025, from USD 15.18 billion in 2017 growing at a CAGR of 5% during the forecast period of 2018 to 2025.
The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-fungicides-marketCompetitive Analysis: Global Fungicides MarketSome of the major players operating in the global fungicide market are BASF SE, The Dow Chemical Company, DuPont, Sumitomo Chemical Co., Ltd, Syngenta, Bayer AG, FMC Corporation, ADAMA India Private Limited, Nufarm Limited, NIPPON SODA CO., LTD, FMC Corporation, Monsanto Company The Dow Chemical Company, UPL, LANXESS among others.
Key Pointers Covered in the Global Fungicides Market Trends and Forecast to 2026Global Fungicides Market New Sales VolumesGlobal Fungicides Market Replacement Sales VolumesGlobal Fungicides Market Installed BaseGlobal Fungicides Market By BrandsGlobal Fungicides Market SizeGlobal Fungicides Market Procedure VolumesGlobal Fungicides Market Product Price AnalysisGlobal Fungicides Market Healthcare OutcomesGlobal Fungicides Market Cost of Care AnalysisGlobal Fungicides Market Regulatory Framework and ChangesGlobal Fungicides Market Prices and Reimbursement AnalysisGlobal Fungicides Market Shares in Different RegionsRecent Developments for Global Fungicides Market CompetitorsGlobal Fungicides Market Upcoming ApplicationsGlobal Fungicides Market Innovators StudyGet Detailed TOC:https://www.databridgemarketresearch.com/toc/?dbmr=global-fungicides-marketMarket Segmentation: Global Fungicides Market The global fungicides market is segmented based on type, crop type, mode of application, form.On the basis of type global fungicide market is segmented into Benzimidazoles, Dithiocarbamates, Phenylamides, Chloronitriles, Strobilurins, Triazoles and Others..On the basis of crop type global fungicide market is segmented into cereals & grains ,oilseeds & pulses, fruits & vegetables, other crop types .On the basis of mode of application global fungicide market is segmented into Foliar Spray, Soil Treatment, Post-Harvest, and Seed Treatment.On the basis of form global fungicide market is segmented into Liquid Form, Water-Dispersible Granule, Wettable Powder.
