Fungicides Market Forecast: Crop Yield Protection Drives Industry Growth Globally By 2031 | Most Leading Companies - BASF SE, ADAMA Agricultural Solutions Ltd., Bayer CropScience AG

The Global Fungicides Market reached USD 20.4 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 33.7 billion by 2031. The market is growing at a CAGR of 6.5 % during the forecast period 2024-2031.

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The fungicides refers to the global industry focused on the production, distribution, and use of chemical or biological substances that prevent or eliminate fungal infections in crops. It plays a crucial role in modern agriculture by enhancing crop yield, quality, and food security.

List of the Key Players in the Fungicides Market:

BASF SE, ADAMA Agricultural Solutions Ltd., Bayer CropScience AG, DuPont, FMC Corporation, Monsanto Company, Nufarm Limited, Sumitomo Chemical Co., Ltd, Syngenta AG and The DOW Chemical Company.

Industry Development:

On March 30, 2023, Corteva Agriscience introduced Adavelt Active, a new fungicide offering farmers an innovative mode of action to better protect their crops.

On December 28, 2022, BASF unveiled its latest fungicide, Revysion (mefentrifluconazole), following 11 years of research and a €250 million investment. The launch event highlighted key data demonstrating the product's effectiveness and development journey.

On November 28, 2022, Bayer, a U.S.-based company, launched Luna Flex fungicide, specifically labeled for use in the Eastern region. Luna Flex provides broad-spectrum protection against a range of plant diseases and helps reduce the impact of secondary infections such as flyspeck and brown rot, allowing growers to take a more proactive approach to disease management.

Research Process:

Both primary and secondary data sources have been used in the global Fungicides Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Fungicides Market:

By Origin: Bio-Fungicides, Synthetic Fungicides

By Mode of Application: Foliar Spray, Post-Harvest, Seed Treatment, Soil Treatment

By Form: Liquid, Water Dispersable Granule, Wettable Powder

By Product: Benzimidazoles, Chloronitriles, Dithiocarbamates, Phenylamides, Strobilurins, Triazoles, Others

By Application: Turf & Ornamental, Fruits & Vegetables, Oil crops & Pulses, Grains & Cereals, Others

Regional Analysis for Fungicides Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Fungicides market?

➠ Who are the leading manufacturers in the global Fungicides industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Fungicides industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Fungicides market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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