The global fungicides market size is expected to grow from $19.32 billion in 2021 to $20.64 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The global fungicides market size is expected to grow to $26.09 billion in 2026 at a CAGR of 6%.
What is the Global Fungicides Market?
The fungicides market consists of sales of fungicides. Fungicides control fungal diseases by killing or inhibiting fungi or fungal spores. Fungi can cause serious damage in agriculture, resulting in critical losses of yield, quality, and profit. Tea tree oil, cinnamaldehyde, and nimbin are examples of natural fungicides.
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What drives the Global Fungicides Market?
Farmers globally are adopting intensive farming techniques to increase productivity per hectare, driving the demand for pesticides and other agricultural chemicals. Intensive farming is an agricultural intensification and mechanization system that aims to maximize yields from available land through means such as heavy use of pesticides and chemical fertilizers. These techniques help to meet the rising demand for food from the growing population and prevent food shortages. Intensive farming techniques such as monoculture drive the demand for pesticides. Monoculture is the practice of growing one type of crop intensively over a large area, depleting the nutrients in the soil and making it heavily dependent on pesticides.
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Global Fungicides Market Segments
The global fungicides market 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 & Grains, Oilseeds & Pulses, Fruits & 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.
Fungicides Global Market Report 2022provides market size and growth forecasts for the global fungicides market, global fungicides market share, fungicides market segments and geographies, fungicides market competitive landscape including leading competitors’ revenues, profiles and market shares. The fungicides market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Fungicides Industry Playersinclude Adama Agricultural Solutions Ltd, American Vanguard Corporation, BASF SE, Bayer Cropscience AG, Bioworks Inc, Dow Agrosciences LLC, DuPont, FMC Corporation, Marrone Bio Innovations Inc., and Monsanto Company. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
