Fungicides Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Market Outline: Fungicides Market
Fungicides are the chemical compounds, which are used to kill the fungi or fungi spores in crops. Fungal infections are a major cause of crop loss and it is a massive threat for cultivation wheat, maize, rice, soybean, fruits & vegetables, and sugarcane among others. Fungicides help in the crop protection and gives the better quality products with higher yield. Fungicides are classified into either selective to cure specific fungicides or non-selective with the broad spectrum activity and show activity against multiple fungal diseases. Sulfur is the common active ingredient used in the fungicides and the most commonly used fungicides include mancozeb, prochloraz, propiconazole, and chlorothalonil among others.

Market Dynamics: Fungicides Market
Factors anticipated to drive the fungicides market are increase in the demand for crop protection for better yields, increase in global population coupled with increase in the demand for food, and growing use of fungicides due to rise in incidence of fungal infections. Moreover, development in novel farming practices, shrinkage in arable land, and innovation and launching of newer products into market are expected to propel the fungicides market revenue over the forecast period. However, technological advancements in the seeds, use of genetically modified crops, adverse effects associated with the fungicides, and lack of awareness about the fungal infections in farmers might hamper the growth of the fungicides market over the forecast period.


A sample of this report is available upon request @
https://www.precisionbusinessinsights.com/market-reports/fungicides-market/#ulp-4H8Z4LpNMLEuOnnx

Market Scope: Fungicides Market
Fungicides market is segmented on the basis of product type, crop type, formulation type, and mode of application
Based on the product type, fungicides market is segmented into the following:
• Dithiocarbamates
• Chloronitriles
• Triazoles
• Benzimidazoles
• Phenylamides
• Strobilurins
Based on the crop type, fungicides market is segmented into the following:
• Oilseeds and pulses
• Cereals and grains
• Forage crops and pastures
• Others
Based on the formulation type, fungicides market is segmented into the following:
• Water-dispersible granules
• Liquid
• Wettable granules
Based on the mode of application, fungicides market is segmented into the following:
• Soil treatment
• Seed treatment
• Foliar spray
• Post-harvest


Market Summary: Fungicides Market
Fungicides market is growing moderate rate over the forecast period due to advancements in the seed technology, which might lag the revenue growth of fungicides market. Farmers are majorly focusing to improve the crop yield due to rise in global population coupled with decrease in arable land. Various agriculture institutes and governments around the globe are taking initiation to create awareness about fungicides usage for crop protection. Moreover, increase in the sale of ornamental plants for outdoor and indoor applications due to increase in the urbanization also expected to fuel the fungicides market. In addition, acquisitions and mergers, collaborations, product approvals, and product launchings are the strategies followed by the companies for increasing their revenue share in fungicides market. For instance, in April 2014, Sumitomo Corporation acquired crop protection fungicide Metominostorbin, a broad-spectrum systemic fungicide from Bayer Crop Science Japan. Furthermore, in September 2015, Dupont received EPA approval for the oxathiapiproline, a fungicide used in fruits and vegetable crops marketed under the trade name of Zorvec.

To view TOC of this report is available upon request @
https://www.precisionbusinessinsights.com/market-reports/fungicides-market/#ulp-c654SbFYO64MsOhu

Regional Analysis: Fungicides Market
Geographically, fungicides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America fungicides market expected to grow moderately over the forecast period, which is attributed to ban of fungicides by FDA (FDA banned carbendazim due to severe adverse effects such as sterility and cancer in human beings). Rise in R&D for innovation of newer fungicides, frequent product approvals from U.S EPA, and rise in demand for quality food products are anticipated to fuel the fungicides market in North America region. Europe fungicides market occupied significant share in global market due to development in the farming techniques, increase in the focus on quality products with better yield, and high adoption of newer products in the region. Asia Pacific fungicides market exhibiting significant growth due to increase in production and supplying of fungicides from Asia Pacific region majorly from China, increase in demand for food products and decrease in arable land due to increased population, and high dependence on agriculture farming.


Market Participants: Fungicides Market
Some of the players in fungicides market are BASF SE (Germany), Monsanto Company (U.S.), Bayer CropScience AG (Germany), Nufarm Ltd. (Australia), Syngenta AG (Switzerland), E.I. DuPont De Nemours & Company (U.S.), Sumitomo Corporation (Japan), FMC Corporation (U.S.), Mitsui & Co., Ltd. (Japan), Nippon Soda Co. Ltd. (Japan), and ADAMA agricultural solution ltd. (Israel) to name a few.

Notable Market Developments: Fungicides Market
• In April 2017, Syngenta launched Aprovia, a fungicide used for controlling the foliar disease in potatoes
• In January 2017, Mitsui & Co. Ltd. inked an agreement with Monsanto Company to acquire global business of Monsanto’s latitude, a wheat seed treatment fungicide


Need more information about this report @
https://www.precisionbusinessinsights.com/market-reports/fungicides-market/#ulp-14mlyhjMGhVjZqa3

Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Get access to full summary @

https://www.precisionbusinessinsights.com/market-reports/fungicides-market/

About Precision Business Insights

Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.

Contact to Precision Business Insights,

Kemp House,
152 – 160 City Road,
London EC1V 2NX
Email: sales@precisionbusinessinsights.com
Toll Free (US): +1-866-598-1553
Website @ https://www.precisionbusinessinsights.com

This release was published on openPR.