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Global Adoption Of Intensive Farming With Double-Edged Sword Driving Productivity And Increasing Pesticide Demand Driver: Leading Transformation in the Fungicides Market in 2025
Fungicides Market
The market size of fungicides has witnessed robust growth in the past few years. The market's value is projected to rise from $25.01 billion in 2024 to $27.14 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.5%. Factors such as crop protection, crop expansion, climate conditions, and pesticide resistance management have contributed to the growth during the historic period.
Over the upcoming years, the fungicides market is projected to witness robust growth, escalating to $36.11 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. The factors contributing to this growth in the projected period include global population expansion, the effects of climate change, integrated pest management (ipm), biofungicides and advancements in biotechnology. Key trends forecasted for this period encompass sustainable fungicides, precision application technologies, biological disease control, and management of fungicide resistance.
What Is Driving the Growth Trajectory of the Fungicides Market?
Worldwide, farmers are shifting towards intensive agricultural methods to boost yield per acre, thereby escalating the need for pesticides and other agrochemicals. The system of intensive farming is a blend of agricultural intensification and mechanization, that fundamentally aspires to extract maximum production from the finite land resource through tactics involving high usage of pesticides and chemical fertilizers. These methods address the increased food demand from the expanding population and avert possible food scarcities. Pesticide demand is also fuelled by intensive agricultural practices like monoculture. Monoculture refers to the technique of intensively cultivating a single variety of crop over a vast expanse, which drains the soil of its nutrients and leads to a considerable reliance on pesticides.
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Which Leading Companies Are Shaping the Growth of the Fungicides Market?
Major companies operating in the fungicides market include American Vanguard Corporation, BASF SE, Bayer AG, Bioworks Inc., Dow AgroSciences LLC, DuPont de Nemours Inc., FMC Corporation, Marrone Bio Innovations Inc., Nufarm Ltd, Sumitomo Chemical, Syngenta International AG, UPL Limited, Cheminova A/S, Lanxess AG, Corteva Inc., Isagro SpA, Nippon Soda Co. Ltd., Certis USA LLC, Valent BioSciences LLC, Arysta LifeScience Corporation, Sipcam Agro USA Inc., Gowan Company LLC, Albaugh LLC, Rotam CropSciences Ltd., Sharda Cropchem Limited, PI Industries Limited, Adama Agricultural Solutions Ltd, Agbiochem Inc., Jiangsu Yangnong Chemical Co. Ltd., Kumiai Chemical Industry Co. Ltd., Novozymes A/S
What Are the Major Trends Shaping the Fungicides Market?
High demand for inorganic fungicides in agricultural countries like China, Brazil, and India is mainly due to their cheaper price compared to organic ones. Rising population rates, diminishing arable lands, absence of adequate regulations, and an escalating need for quality fruits and vegetables also contribute to the growth of this market. The low-cost production of inorganic fungicides, resulting from the plentiful and easily obtained elements used in their creation, increases their affordability. Anticipated increases in bulk purchases by farmers in these developing areas promise to push the market's growth in the projected span.
What Are the Key Segments of the Fungicides Market?
The fungicides market covered in this report is segmented -
1) By Type: Synthetic Fungicides, Bio-fungicides
2) By Active Ingredient: Dithiocarbamates, Benzimidazoles, Chloronitriles, Triazoles, Phenylamides, Strobilurins, Other Active Ingredients
3) By Treatment: Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest
4) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Applications
Subsegments:
1) By Synthetic Fungicides: Chloronitriles, Dithiocarbamates, Benzimidazoles, Triazoles, Strobilurins, Phthalimides, Copper-based Fungicides
2) By Bio-Fungicides: Microbial Fungicides (Bacillus, Trichoderma), Botanical Fungicides (Neem Oil, Garlic Extract), Plant Extract-Based Fungicides, Biochemical Fungicides (Bicarbonates, Pheromones)
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Which Region Dominates the Fungicides Market?
Asia-Pacific was the largest region in the fungicides market in 2023. South America was the second-largest region in the global fungicides market. The regions covered in the fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Fungicides Global Market Report?
- Market Size Analysis: Analyze the Fungicides Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fungicides Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fungicides Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fungicides Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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