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Fungicides Market Competitive Landscape and Application Development Analysis between 2022 and 2032
Fungicides Market will be worth $18.5 billion USD. By 2032, the fungicides market is anticipated to generate $30 billion in revenue. Cereals and grains account for 41% of the fungicides market by crop type. In 2021, North America accounted for 28% of the global fungicides market.A type of pesticide called a fungicide is used to eradicate fungi or their spores. Fungicides are widely used in agriculture to protect crops. It is utilised to stop crop harm brought on by fungicide attack. It produces crops of greater quality and yields more. Animals with fungal diseases can also be treated with it.
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Depending on the crop, different fungicides are used. Translaminar, systemic, and contact fungicides are the several kinds of fungicides that are accessible. Chlorothalonil, mancozeb, prochloraz, propicanazole, and many other substances are among the active components.
Sulfur is one of the most often used active components in fungicides. In the near future, it is anticipated that the key rules governing the use of fungicides in various countries will impede the growth of the global fungicides market because some fungicides are harmful to human health.
However, the worldwide fungicides market is likely to show moderate single-digit growth in the forecast decade.
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Key Companies are-
• BASF SE
• Bayer AG
• Syngenta AG
• The Dow Chemical Company
• E.I. Dupont De Nemours & Company
• Cheminova A/S
• Nufarm Ltd.
• Chemtura Corporation
Fungicides are currently in greater demand due to the need to protect crops and assure higher agricultural yields. According to estimates, the industry's need will be driven by dwindling arable land and growing consumer demand for food goods.
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
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In addition, growing concerns to control many diseases among plants are expected to drive demand avenues in the industry. Further, the development of novel organic fungicides is also helpful for industry players to get a competitive edge in the market while providing effective solutions to consumers.
Fungicides Industry Research by Category
By Type:
• Benzimidazoles
• Triazoles
• Dithiocarbamates
• Chloronitriles
• Phenylamides
• Strobilurins
• Others
By Crop Type:
• Fruits
• Vegetables
• Cereals and Grains
• Oilseeds
• Others
By Region:
• North America
• Europe
• Latin America
• East Asia
• The Middle East & Africa
• South Asia & Pacific
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