Fungicides Market 2021-2027: Global Size, Share, Growth, Trends

Precision Business Insights published a research report on “Fungicides Market: By Product Type (Dithiocarbamates, Chloronitriles, Triazoles, Benzimidazoles, Phenylamides, Strobilurins), By Crop Type (Oilseeds and pulses, Cereals and grains, Forage crops and pastures, Others), By Formulation Type (Water-dispersible granules, Liquid, Wettable granules), By Application (Soil treatment, Seed treatment, Foliar spray, Post-harvest), and Geography – Global/Region/Country Forecast to 2027”.

A large range of plant pathogenic microbes inflict significant crop and plant harm. Fungi are a major cause of damage all around the world. Viruses, worms, bacteria, and other parasites are examples. Pathogens create symptoms that resemble crop damage, as well as abiotic (non-living) conditions such nutrient deprivation and poor air quality, as well as insects. Pesticides used to protect plants including fungicides, pesticides, and insecticides. A fungicide is a chemical that is used to manage fungal infection by suppressing or killing the fungus that causes it. Fungicides cannot effectively control all types of fungi-caused illnesses. Fungicides come in a variety of forms, including granules, dust, gas, and, most commonly, liquid. These are given to bulbs, seed, transplant roots, and other propagative organs, soil (either as a soil drench after planting or in-furrow at planting), foliage, and other aboveground sections of crops, and trees (by injection).

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Fungicide markets are being driven by factors such as shrinking arable land, rising population, and the need to improve agricultural yields. Resistance to conventional fungicides and the introduction of new illnesses in plants have prompted corporations to develop new solutions to combat emerging fungal mutations and reduce farmer losses. During the projected period, the market is likely to be driven by growing demands for fungicides to combat crop diseases. On the other hand, government regulators including the EPA (Environmental Protection Agency) regularly enact stringent laws aimed at reducing pesticide use in order to reduce environmental destruction and raise awareness levels about pesticide use, which is intended to facilitate slow the growth of fungicide demand.

The Global Fungicides Market is fragmented on the basis of Form, Type, Application, and Geography. In terms of Type, Fungicide Market is bifurcated into Chemical and Biological. In terms of Form, the global Fungicide Market is divided into Dry and Liquid. In terms of Application, the global Fungicide Market is categorized into Seed Treatment, Soil Treatment, Foliar Spray and Post-Harvest.
Due to favorable government schemes to raise agricultural output and improve crop quality, the Asia-Pacific region represents the second main market for fungicides. Japan, India, and China are the top three countries with growing demands for fungicides. Furthermore, due to its rising population and increased demand for food safety, China is the dominant country in this sector. Due to increased agricultural production and new farming practices, the North American region is expected to grow rapidly during the projection period. Furthermore, during the forecast period, the United States is predicted to contribute considerable revenue to the worldwide fungicides market.

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Some of the major players working in fungicide market, which include 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.

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