Press release
Fungicides Market Share to witness steady rise in coming decade | Adama Ltd., BASF SE, Bayer AG
Fungicides Market
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A fungicide is a type of pesticide that is used to kill fungi or fungal spores. Fungicides are used in agriculture, horticulture, and home gardening, and are used to prevent and treat fungal diseases such as powdery mildew, rust, black spot, and downy mildew. Many fungicides are applied as sprays, and some are available as powders or granules. Some fungicides are systemic, meaning they are absorbed by the plant and distributed throughout the plant to protect it from fungal diseases.
Key Trends:
The key trends in Fungicides technology are the development of new active ingredients, the use of new formulations, and new delivery methods.
New active ingredients are being developed that are more effective against fungal diseases and that are less toxic to humans and the environment. New formulations are being developed that are more effective in controlling fungal diseases. New delivery methods are being developed that are more effective in delivering the fungicide to the target area.
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Key Drivers:
The key drivers of the fungicides market are the increasing demand for food and the need to protect crops from fungal infections. The global population is projected to reach 9.1 billion by 2050, and the demand for food is expected to increase significantly. To meet this demand, farmers will need to increase crop production, which will require the use of more fungicides.
Market Segmentation:
The fungicides market is segmented on the basis of active ingredient, crop type, and region. By active ingredient, the market is divided dithiocarbamates, benzimidazoles, chloronitriles, triazoles, and others. On the basis of crop type, the market is divided into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and rest of the world.
Key Players:
The key players in the fungicides market are Adama Ltd., BASF SE, Bayer AG, FMC Corporation, Corteva Inc., Novo Nordisk AG, Nufarm Ltd., Sumitomo Chemical Company, Syngenta AG and Tata Chemicals Ltd.
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