Fungicides Market to Reach US$ 22.3 Bn by 2027

Rising awareness pertaining to health benefits of consuming fresh fruits and vegetables has propelled an increase in their demand. Changing dietary patterns of consumers, most prominently in developing economies, have boosted the consumption of fruits and vegetables. On the back of these trends, the fungicides market is anticipated to rise at a CAGR of 4 % over the forecast period of 2019 to 2027.

Manufacturers and leading market players are focusing on increasing their manufacturing capacities in order to fulfil the rising demands from agricultural farmers. Moreover, the emergence of new types of solutions, such as weather-based decision spray models, is also expected to create new revenue generation opportunities in the fungicides market in near future. These next gen decision-based spraying models can help farmers in making precise decisions for spraying fungicides, based on weather conditions.

Players in the fungicides market are also focusing on overcoming various challenges faced by cereal farmers, including risk of contamination through soil-borne diseases, changing volumes of crop yields, and dearth of natural resources. The players are engaged in the development of novel fungicides that can offer enhanced disease control, and enable farmers to achieve a high volume of healthy cereal crops.

Request Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7241&utm_source=openpr_Kaustubh&utm_medium=openpr_Kaustubh

Fungicides Market - Key Findings of the Report

Shift of Farmers to Cash Crops from Cereal Crops: In leading agrarian economies like India and China, farmers are focusing on harvesting cash crops, such as sugarcane, cotton, jute, oilseeds, etc., instead of cereal crops. This has also triggered an increased demand for fungicides and pesticides to protect these delicate and highly profitable crops from pests and fungi.

Rising Demand for Triazole Solutions: Triazole products display the ability to work on different types of harmful fungi. Furthermore, these products also mix well with other fungicides, increasing the scope for their application. Based on these factors, the demand for triazole fungicides is expected to rise in coming years.

Increasing Demand for Eco-Friendly Products: Increasing awareness amongst consumers as well as farmers about damages done to the environment by excessive usage of synthetic and chemical-based pesticides and fungicides is boosting the demand for bio-based fungicide products. This trend is also leading to an increased shift from conventional fungicides to bio-fungicides.
Fungicides Market - Growth Drivers

Growing global population and increasing demand for fruits and vegetables, along with cereal crops, is fueling the growth of fungicides market

Rising demand for agrochemical products made from organic compounds and formulations creates new revenue grab opportunities for the market players

Emergence and growing popularity of weather-based decision spraying models catalyze the growth of the fungicides market
Fungicides Market - Key Players

The leading players operating in the fungicides market are PI Industries, ADAMA Ltd., UPL, Nufarm Ltd., Bayer AG, Sumitomo Chemical Co., Ltd., FMC Corporation, BASF SE, Corteva Agriscience, and Quimetal Industrial S.A.

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=7241<ype=S&utm_source=openpr_Kaustubh&utm_medium=openpr_Kaustubh

Fungicides Market - Regional Growth Dynamics

Asia Pacific accounted for a significant share of the fungicides market in the base year of 2018. The recent report projects that the region will continue to expand at a stellar rate over the forecast period of 2019 to 2027. Some of the key factors for the expansion of this regional market include rising utilization of fungicides and pesticides, as well as an exponential rise in the demand for food products.

Exploding population, increasing popularity of processed food products in emerging economies, and rise in the awareness regarding the benefits of applying fungicides amongst regional farmers, are also contributing to the growth and expansion of Asia Pacific fungicides market.

Fungicides Market: Market Segmentation

Fungicides Market, by Product

Mancozeb
Chlorothalonil
Triazoles
Strobilurin
Others (including Metalaxyl and Chloronitrile)

Fungicides Market, by Crop

Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others (Ornamentals, Lawns, etc.)

Fungicides Market, by Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com

This release was published on openPR.