Fungicides Market to Hit USD 25.81 Billion by 2028

Companies Covered in the Fungicides Market Bayer AG (Leverkusen, Germany), BASF SE (Ludwigshafen, Germany), Syngenta AG (Basel, Switzerland), Corteva, Inc. (Delaware, USA), FMC Corporation (Pennsylvania, USA), Sumitomo Chemicals. (Tokyo, Japan), UPL Ltd. (Mumbai, India), Nufarm (Melbourne, Australia), ADAMA Agricultural Solutions Ltd. (Ashdod city, Israel), Isagro SpA (Milan, Italy) and more.

Pune, India, Dec. 20, 2022 (GLOBE NEWSWIRE) — The world the fungicide market was the size 17.71 billion USD in 2020 The market is expected to grow 18.43 billion USD in 2021 25,810 billion USD By 2028, showing a CAGR 4.93% in the planned period (2021-2028). This information is at the discretion of the user Fortune Business Insights™in his report, entitled “Fungicide Market, 2021-2028”. According to our analysts, increasing resistance to fungicide products has driven the need to introduce new products that will increase the implementation of crop fungicide safety products.

Report Coverage

The report provides valuable insights obtained through in-depth analysis by our researchers. Extensive research was conducted to provide an estimated market size. The data used to project the actions of various segments at the country, regional and global level is obtained from in-depth interviews with a wide range of stakeholders. We have also gained access to a number of paid global and regional databases to provide detailed information to facilitate business investment decisions.

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List of Key Players Covered in Fungicides Market Report

  • Bayer AG (Leverkusen, Germany)
  • BASF SE (Ludwigshafen, Germany)
  • Syngenta AG (Basel, Switzerland)
  • Corteva, Inc. (Delaware, USA)
  • FMC Corporation (Pennsylvania, USA)
  • Sumitomo Chemicals (Tokyo, Japan)
  • UPL Ltd. (Mumbai, India)
  • Nufarm (Melbourne, Australia)
  • ADAMA Agricultural Solutions Ltd. (Ashdod city, Israel)
  • Isagro SpA (Milan, Italy)

Report Scope and Segmentation:

Report Coverage The details
Announcement Period 2021-2028
CAGR forecast 4.93%
2028 Value Projection 25.81 billion USD
Base Year 2020
Fungicides market size in 2020 17.71 billion USD
Historical data 2017-2019
Number of pages 150
Segments covered By Type, By Cutting Type, By Application Method
Drivers of Fungicides Market Growth The introduction of new products will encourage the adoption of fungicides
Increasing resistance to active ingredients can hinder growth

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Segmentation

Based on type, the market can be divided into chemical and biological. The chemical segment will emerge as a major segment due to their high usage in developing nations.

Based on crop type, the global market is segmented into cereals, oilseeds and pulses, fruits and vegetables and others.

In terms of application method, the market is segmented into foliar treatment, chemical, seed treatments and others

Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Drivers and restrictions

Occurrence of numerous disease conditions to increase demand for products

Climate change is a major concern for agricultural production worldwide. Changes in climatic aspects have a significant impact on crop production and crops are vulnerable to diseases and pests. This in turn affects the health of crops and causes anomalies in farming methods. Consequently, it is expected to strengthen the growth of the fungicides market during the forecast period.

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Regional Analysis

Asia Pacific will lead the growth of the market due to the expansion of the Agriculture Sector

Asia Pacific currently holds the largest fungicide market share and is expected to maintain its position throughout the forecast period. Rising agro-industry, rising rice cultivation and increasing post-harvest damage are the major aspects fueling the market in this region.

The US is the leading market in the North American region and is fueled by the increasing number of fungicide product launches and the growing fight against active ingredients.

The European market will show a high demand in terms of climatic fluctuations that lead to the emergence of various diseases.

Competitive landscape

Major players launch new products and acquire other companies to increase sales

Prominent players adopt various strategies to strengthen their position as leading fungicides companies in the market. A key strategy among them is to acquire companies to promote brand value among users. Another effective strategy is to regularly launch innovative products with a comprehensive analysis of the market and its target audience.

The market consists of numerous companies that are regularly involved in research and development activities to introduce innovative fungicides. Some of them are also measuring partnerships and procurement strategies to strengthen their position in the market.

Industrial Development

  • February 2020: BASF introduced its new fungicide Revysol to the Irish market. This product can be used on wheat and barley and has excellent editing for disease transformation

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Detailed table of contents:

  • Introduction
    • Research scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Hypotheses
  • Executive summary
  • Market Dynamics
    • Market Drivers
    • Market restrictions
    • Market opportunities
  • Key insights
    • Overview of parent / related markets
    • Supply chain and regulatory analysis
    • Analysis of the impact of COVID
    • Latest industry developments: policies, partnerships, new product launches and mergers and acquisitions
  • Global Fungicides Market Analysis, Outlook and Forecast, 2017-2028
    • Main conclusions / Summary
    • Market size estimates and forecast
      • Depending on the type
        • the chemical
          • Triazoles
          • Dithiocarbamates
          • Strobilurins
          • Inorganic
          • Chloronitriles
          • Others
        • biological
      • Depending on the type of crop
        • Cereals
        • Oilseeds and legumes
        • Fruits and vegetables
        • Others
      • Depending on the application method
        • Treatment of leaves
        • Chemistry
        • Seed treatment
        • Others
      • by region
        • North America
        • Europe
        • Asia Pacific
        • south america
        • Middle East and Africa
  • North America Fungicides Market Analysis, Insights and Forecasts, 2017-2028
    • Main conclusions / Summary
    • Market size estimates and forecast
      • Depending on the type
        • the chemical
          • Triazoles
          • Dithiocarbamates
          • Strobilurins
          • Inorganic
          • Chloronitriles
          • Others
        • biological
      • Depending on the type of crop
        • Cereals
        • Oilseeds and legumes
        • Fruits and vegetables
        • Others
      • Depending on the application method
        • Spray the leaf
        • Chemistry
        • Seed treatment
        • Others
      • by country
        • USA
          • Depending on the type
            • the chemical
              • Triazoles
              • Dithiocarbamates
              • Strobilurins
              • Inorganic
              • Chloronitriles
              • Others
            • biological

TOC Continue…!

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