MarketResearch.biz delivers in-depth insights on the global fungicides market in its upcoming report titled, “Global Fungicides Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global fungicides market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fungicides market report has been segmented on the type, crop type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Fungicides are widely used during growing of fruits, vegetables, and rice, as it kills or inhibits growth of fungi and bacteria which in turn maximize the yield of crop production.
Increasing consumption of fruits and vegetables due to its various health benefits is a major factor expected to drive growth of the fungicide market over the forecast period. Growing demand for food products owing to the rapidly growing population and declining number of arable land is another major factor expected to drive the growth of the market over the forecast period. Post-harvest diseases in fruit and vegetables are caused due to fungi and bacteria affecting quality and quantity of crops, thus growers are controlling these diseases using fungicides which is further expected to drive growth of the global fungicides market over the forecast period.
However, increasing chances of soil toxicity and stringent government regulation for the approval process is expected to limit the growth of global fungicides market over the forecast period. Increasing preference towards organic farming is other factor expected to hamper growth of the global fungicides market over the forecast period.
Manufacturing companies operating in the target market can focus in development of bio-based fungicide which can create lucrative opportunities for existing as well as new players operating in the global fungicides market over the forecast period.
Europe market dominates the global fungicides market in terms of revenue contribution as compared to that of markets in other regions. This attributed to the decreasing arable land and high demand for use of fungicides in the European countries such as France and Italy. North America accounts for larger revenue share contribution to the global fungicides market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. Increasing adoption of crop protection chemicals especially in China and India is expected to drive growth of the market in the region over the forecast period. Adoption of advance farming technique and increasing demand for food in the region is expected to support market growth of the market in the region.
Global fungicides market segmentation, by type:
Global fungicides market segmentation, by crop type:
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
Global fungicides market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Nufarm Limited
- The DOW Chemical Company
- ADAMA Agricultural Solutions Ltd.
- Syngenta AG
- Bayer Cropscience AG
- Sumitomo Chemical Co., Ltd.
- BASF SE
- FMC Corporation
- I. Dupont De Nemours and Company
- Nippon Soda Co. Ltd
- Cheminova A/S
- Monsanto Company
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