Press release
Fungicides Market Size Projected To Reach $36.11 Billion By 2034 With A Cagr Of 7.4%
Fungicides
What Is the Projected Growth of the Fungicides Market?
The fungicides market size has shown strong growth recently. It will rise from $25.01 billion in 2024 to $27.14 billion in 2025 at a CAGR of 8.5%. This development is attributed to factors such as crop protection needs, expanding crop areas, changes in climate conditions, and managing pesticide resistance.
The fungicides market size is projected to experience strong growth in the coming years. It will reach $36.11 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. This growth is driven by factors like global population growth, the impact of climate change, integrated pest management (IPM), and the rise of biofungicides and biotechnology. Key trends in the forecast period include sustainable fungicides, precision application technologies, biological disease control, and fungicide resistance management.
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What Are the Different Fungicides Market Segments?
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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What Are the Primary Drivers Shaping the Fungicides Market?
armers across the globe are increasingly implementing intensive farming methods to boost yield per hectare, which in turn is propelling the demand for pesticides and various agricultural chemicals. Intensive farming involves the intensification and mechanization of agricultural practices to extract maximum output from limited land using substantial amounts of chemical fertilizers and pesticides. These practices help satisfy the escalating food needs of a growing population and mitigate the risk of food scarcity. Techniques like monoculture, where a single crop is cultivated extensively across vast land areas, lead to soil nutrient depletion and significantly increase reliance on pesticides.
Which Companies Are Leading in 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?
Inorganic fungicides are in high demand in developing countries such as China, Brazil, and India due to their lower cost compared to organic alternatives. Their production involves readily available elements, making them affordable. The demand is further driven by population growth, reduced arable land, lack of stringent regulations, and increased demand for quality agricultural produce.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fungicides Market?
2. What is the CAGR expected in the Fungicides Market?
3. What Are the Key Innovations Transforming the Fungicides Industry?
4. Which Region Is Leading the Fungicides Market?
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