Global Fungicides Market Research Report
Global Fungicides Market
The GMI Research forecasts that the Fungicides Market is
witnessing an upsurge in demand over the forecast period. This is mainly due to
their increasing prominence among farmers to improve the quality of crops and
to control the parasitic fungi causing crop and health hazards.
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Introduction of the Fungicides Market:
Fungicide refers to a toxic substance used to kill or
prevent the growth of fungi. It is extensively used to control parasitic fungi
that causes economic damage to ornamental plants, crops, and risks the health
of animals and humans. The horticulture and agricultural fungicides are employed
as dust or sprays.
Key Players of the Global Fungicides Market:
·
Nufarm Agriculture Inc.
·
Sumitomo Chemical Co., Ltd
·
UPL Ltd
·
Syngenta AG
·
Bayer AG
·
Isagro Spa
·
Nippon Soda Co., Ltd.
·
FMC Corporation
·
Corteva, Inc.
·
BASF SE
Fungicides Market Dynamics (including market size, share,
trends, forecast, growth, forecast, and industry analysis)
The augmenting demand for exquisite crops, increasing crop
infection, and the launch of new fungicide products are some of the prominent
drivers stimulating the growth of the global fungicides
market. Also, as per the fungicides market analysis, it has been witnessed
that over 15% of staple crops provide nearly half of the calorie intake. Also,
climate change accounts to be the main reason influencing plants in natural and
agricultural ecosystems. Plant disease management is undergoing enormous
challenges because of the depletion of marginally fertile lands, mounting
demand for various foods to support the rising population, the competition of
land in productive areas, and the surged threat of an epidemic. To serve the
accelerating population's demand, farmers are adopting fungicides for the crop
to treat plants. The treated plants are more effective in photosynthesis than
untreated ones. Thus, the growing crop diseases are supplementing the adoption
of fungicides, which is further strengthening the fungicides market size.
However, their expanding implication in plants has developed resilience against
the chemicals among fungus, due to which these fungicides cannot protect
plants. Thus, the high resistance of some fungus might hamper the market
growth.
Type
Segment Drivers
On the basis of type, biological may witness a faster growth
in the coming years because of the rising emphasis to evade risks on human
health and environmental pollution. Additionally, because of their increasing
implication pathogens have become resistant to chemicals, farmers have shifted
to bio fungicides.
Application
Segment Drivers
On the basis of application, the market is segmented into
chemigation, seed treatment, foliar spray, soil treatment, and post-harvest.
Among these, the post-harvest is projected to expand at a faster CAGR during
the forecast period. The prevalence of minor injuries during traveling,
packaging, and handling the items brings out several challenges for the fruits
and vegetables or crops. These wounds become pervasive areas for fungicides;
thereby, in order to evade such harmful events, farmers prefer to apply these
fungicides post-harvesting.
Regional
Drivers
Based on regional coverage, Asia Pacific is expected to lead
the market over the forecast period. This is primarily attributed to the
aggravating emphasis of the government to intensify the production and quality
of crops. Moreover, the soaring demand for food products led by the growing
population further fuels the market share.
Fungicides Market Segmentation:
Segmentation
by Type
·
Biological
o
Microbials
o
Botanicals
·
Chemical
o
Triazoles
o
Dithicarbamates
o
Strobilurins
o
Phenylamides
o
Chloronitriles
o
Others
Segmentation
by Crop
·
Cereals & Grains
o
Corn
o
Wheat
o
Rice
o
Others
·
Oilseeds & Pulses
o
Soyabean
o
Cotton
o
Others
·
Fruits & Vegetables
o
Apples
o
Pears
o
Grapes
o
Cucumbers
o
Potatoes
o
Others
o
Others
Segmentation
by Mode of Application
·
Foliar Spray
·
Chemigation
·
Seed Treatment
·
Soil Treatment
·
Post-Harvest
Segmentation
by Mode of Action
·
Contact
·
Systemic
Segmentation
by Active Form
·
Liquid
·
Dry
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI
Research
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