Press release
Fungicides Market to Exhibit Impressive Growth During 2016-2022
Persistence Market Research (PMR)
The most significant demand driver for the global fungicides market is the increasing demand for fungicides in the crop protection sector for ensuring higher crop yields. The growing population is also expected to be the major driving factor for the global fungicides market. The increasing concerns pertaining to the disease control is anticipated to drive the global fungicides market. The shrinking arable land and the growing demand for food is projected to increase the demand for fungicides, thereby driving the global fungicides market.
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The growing technological advancements in the seeds is expected to restrain the global fungicides market in the upcoming years. The use of genetically modified crops is projected to restrain the growth of global fungicides market in the near future.
The development of new organic fungicides is expected to create new opportunities in terms of revenue for the major players in the global fungicides market.
The global fungicides market can be segmented on the basis of product type and crop type
On the basis of type, the global fungicides market is segmented as:
Benzimidazoles
Triazoles
Dithiocarbamates
Chloronitriles
Phenylamides
Strobilurins
Others
On the basis of crop types, the global fungicides market is segmented as:
Fruits
Vegetables
Cereals and grains
Oilseeds
Others
The global fungicides market is segmented into five key regions on the basis of geography as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia pacific holds the largest market share in the global fungicides market, owing to the large agricultural business in this region. India and China is expected to be the maximum market share holding countries in the global fungicides market. Use of fungicides in the European countries is also expected to increase in the near future due to the stringent regulatory authorities in this region. The consumption of fungicides is also anticipated to escalate in the European countries in the upcoming years. The consumption of fungicides in Middle East and Africa is projected to demonstrate a stagnant growth in the forecast period.
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Some of the key players identified in the global fungicides market are, BASF SE, Bayer AG, Syngenta AG, The Dow Chemical Company, E.I. Dupont De Nemours & Company, Cheminova A/S, Nufarm Ltd, Chemtura Corporation
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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