Fungicides Market Business Growth hacking Strategies by Key Players: Monsanto, E.I Du Pont de Numerous and Company, Nufarm Ltd., Adama Agricultural Solutions and More

Global fungicides market generated revenue of $11,335 million in 2015 and is expected to reach $16,780 million by 2022, registering a CAGR of 5.8%.

Monsanto, E.I Du Pont de Numerous and Company, Nufarm Ltd., Adama Agricultural Solutions Ltd., FMC Corporation, Cheminova A/S, Syngenta AG, Bayer AG, BASF SE and DOW Agroscience LLC are some of the key market players in the market. Companies are focusing on new product launch to enhance their market share, For instance, in 2014, Cheminova Inc. launched a fungicide under the brand name ‘Equation’.

Other players in the value chain (not profiled in the report) include United Phosphorus Ltd., Sumitomo Chemical, Nippon Soda Co. Ltd., Chemtura Corporation, and Lanxess AG among others.

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Fungicides are used in prevention and control of fungal diseases that affect plants. They can be selective for specific disease control or non-selective with broad spectrum activity against multiple fungal diseases. The use of fungicides vary based on the crop type. The active ingredients include propicanazole, mancozeb, chlorothalonil, prochloraz, propicanazole, and prochloraz etc. Sulfur is the most common active ingredient in fungicides. Certain fungicides possess threat to human health and are thus governed by a number of laws across different countries. This is expected to hamper the growth of global fungicides market in the foreseeable future.

The global fungicides market is segmented based on type, crop type and geography. According to type, the market is categorized into synthetic fungicides and bio fungicides. The synthetic fungicides segment is further classified into dithiocarbamates, benzimidazoles, chloronitriles, triazoles, phenylamides, strobilurins, and others. According to crop type, the market is segregated into cereal & grains, oilseeds & pulses, fruits & vegetables, and others.

The use of fungicides is highest in fruits and vegetables. Among synthetic fungicides, strobilurins holds a substantial market share within the global fungicides market in terms of value, followed by triazoles. Bio-fungicide is gaining market popularity as it plays a vital role in enhancing the soil quality of arable lands by balancing mineral contents of the soil.

Rapid rising demand for fruits and vegetables, led by changing dietary patterns, is expected to drive demand for fungicides over the forecast period. Moreover, escalating food security concerns along with the rapidly declining arable land are forecast to boost growth the global fungicides market in the near future.

Additionally, rising demand for fungicides in non-crop applications such as ornamental plants and turf is projected to fuel the market growth throughout the forecast period. Besides, increasing awareness regarding the benefits of fungicides among farmers across the globe is estimated to put forth lucrative opportunity for the market players existing in the global fungicides market during the forecast period.
Top Investment Pocket

Among synthetic fungicides, the triazoles and strobilurins segments are projected to be the top investment pockets in the global fungicides market as they are an effective and low cost solution, which are largely used in various application across all geographies. Moreover, the escalating demand for fungicides that can control genetically modified crops (GMO), is projected to propel the adoption of these fungicides in the global fungicides market.

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Key Benefits

• Comprehensive analysis of the drivers and restraints that affect the market growth are provided.
• The report provides quantitative analysis of the current trends and future estimations from 2014 to 2022 to assist the stakeholders identify prevalent market opportunities.
• Top investment pockets highlight the opportunity in the most lucrative product segment.
• Key players of the market are profiled and their strategies are analyzed to identify the global competitive outlook.
• Market trends of major countries in each region are mapped according to the projected revenue.

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