Global Fungicides Market Major Players 2024, Forecast To 2033
11 Jan, 2024
The fungicides market size increased from $22.83 billion in 2023 to $24.57 billion in 2024, demonstrating a 7.6% CAGR. Historical growth is attributed to crop protection, expansion, climate conditions, and pesticide resistance management. Predicting strong growth, the market is expected to reach $33.27 billion in 2028, with a 7.9% CAGR. Growth drivers include global population growth, climate change impact, integrated pest management, biofungicides, and biotechnology. Emerging trends include sustainable fungicides, precision application technologies, biological disease control, and fungicide resistance management.
Global Fungicides Market Key Driver
Global farmers adopting intensive farming techniques to boost productivity per hectare are driving the demand for pesticides and other agricultural chemicals. Intensive farming, aimed at maximizing yields through mechanisms like heavy pesticide use, addresses the rising food demand. Monoculture, a practice depleting soil nutrients and relying heavily on pesticides, further propels the demand for pesticides. These intensive farming techniques are crucial in preventing food shortages and ensuring food security for the growing population.
Get A Free Sample Of The Global Fungicides Market ReportGlobal Fungicides Market Segments
The fungicides market covered in this report is segmented –
1)By Type: Synthetic Fungicides, Bio-fungicides
2)By Active Ingredient: Dithiocarbamates, Benzimidazoles, Chloronitriles, Triazoles, Phenylamides, Strobilurins, Other Active Ingredients
3)By Treatment: Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest
4)By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Applications
By Geography: The regions covered in the fungicides market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the fungicides market in 2023. South America was the second-largest region in the global fungicides market. The regions covered in the fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Fungicides Industry Players
American Vanguard Corporation, BASF SE, Bayer AG, Bioworks Inc., Dow AgroSciences LLC, DuPont de Nemours Inc., FMC Corporation, Marrone Bio Innovations Inc., Nufarm Ltd, Sumitomo Chemical, Syngenta International AG, UPL Limited, Cheminova A/S, Lanxess AG, Corteva Inc., Isagro SpA, Nippon Soda Co. Ltd., Certis USA LLC, Valent BioSciences LLC, Arysta LifeScience Corporation, Sipcam Agro USA Inc., Gowan Company LLC, Albaugh LLC, Rotam CropSciences Ltd., Sharda Cropchem Limited, PI Industries Limited, Adama Agricultural Solutions Ltd, Agbiochem Inc., Jiangsu Yangnong Chemical Co. Ltd., Kumiai Chemical Industry Co. Ltd., Novozymes A/S
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Fungicides Market Overview
Fungicides are pesticides that control fungal diseases by killing or inhibiting fungi or fungal spores. Fungi can cause serious damage to agriculture, resulting in critical losses in yield, quality, and profit. Tea tree oil, cinnamaldehyde, and Nimbin are examples of natural fungicides.
Fungicides Global Market Report 2023 provides data on the global fungicides market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fungicides market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.