Fungicides Market Size Forecast: $33.41 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Fungicides Market by 2025?
The market size of fungicides has witnessed robust growth in the preceding years. Its growth is projected to escalate from $22.88 billion in 2024 up to $24.64 billion in 2025, with a CAGR of 7.7%. This growth in the historical frame can be associated with factors such as crop protection, crop enlargement, weather conditions, and pesticide resistance management.

What Is the Estimated Market Growth Value for the Fungicides Industry in 2029?
The market size for fungicides is projected to witness significant expansion in the upcoming years, reaching $33.41 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 7.9%. This surge in the forecast period is credited to factors such as growth of global population, the effects of climate change, integrated pest management (ipm), developments in biofungicides, and advancements in biotechnology. The forecast period is also expected to see a rise in trends such as sustainable fungicides, precision application technologies, management of fungicide resistance, and biological disease control.

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What Are the Growth Drivers and Opportunities in the Fungicides Market?
Around the world, farmers are increasingly turning to extensive farming methods to boost their yield per hectare, subsequently fueling the need for pesticides and other farm-related chemicals. By intensifying their agricultural activities and employing mechanization, they aim to maximize their output from the existing land. This includes the extensive use of pesticides and chemical fertilizers. These measures are crucial to meet the rising food demands of the growing global population and avoid any shortages. Techniques like monoculture, a part of intensive farming, are furthering the requirement for pesticides. This approach involves growing only a single type of crop extensively over a large piece of land, leading to soil nutrient depletion and creating a heavy reliance on pesticides.

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What Are the Primary Segments Covered in the Global Fungicides Market Report?
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)

What Are the Top Growth Trends in the Fungicides Market?
Inorganic fungicides are favored over organic ones due to their lower cost, leading to their increased popularity in agriculturally developing nations like China, India, and Brazil. Other elements that bolster this market include a fast-growing population, shrinking farmable land, the absence of adequate regulations, and heightened demand for high-quality fruits and vegetables. The relatively uncomplicated, cost-effective production of inorganic fungicides from widely obtainable elements adds to their appeal. The trend of farmers in these developing areas purchasing large volumes of inorganic fungicides is set to push the market in the projected period.

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Which Companies Are Shaping the Future 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

Which Region Holds the Largest Market Share in the Fungicides Industry?
Asia-Pacific was the largest region in the fungicides market in 2024. 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.

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