PUBLISHER: Global Insight Services | PRODUCT CODE: 1650383
PUBLISHER: Global Insight Services | PRODUCT CODE: 1650383
Fungicides Market is anticipated to expand from $20.5 billion in 2023 to $32.8 billion by 2033, growing at a CAGR of approximately 4.8%. The fungicides market encompasses the industry dedicated to the development, production, and distribution of chemical and biological agents used to inhibit or eliminate fungal pathogens in agriculture. This market includes synthetic fungicides, bio-fungicides, and integrated pest management solutions, aiming to enhance crop protection and yield. It supports sustainable agricultural practices by mitigating crop losses and ensuring food security, while adapting to regulatory and environmental considerations.
The fungicides market is experiencing robust growth, driven by the increasing need for crop protection and sustainable agricultural practices. The synthetic fungicides segment leads the market, owing to their effectiveness in combating a wide range of fungal infections. Bio-based fungicides are the second-highest performing sub-segment, reflecting a shift towards environmentally friendly solutions in agriculture. The cereals and grains segment is the top-performing crop type, driven by the high demand for staple foods globally. Fruits and vegetables follow closely, as consumers increasingly seek fresh produce with minimal pesticide residues. Regionally, Asia-Pacific dominates the market, propelled by rapid agricultural advancements and large-scale farming operations. North America holds the position as the second-highest performing region, supported by technological innovations and stringent regulatory standards that emphasize crop safety and quality. Countries like China and India are leading due to their vast agricultural lands and government initiatives promoting advanced farming techniques. These trends highlight lucrative opportunities for stakeholders in the fungicides market.
Market Segmentation | |
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Type | Chemical Fungicides, Biological Fungicides, Synthetic Fungicides, Organic Fungicides, Contact Fungicides, Systemic Fungicides, Protectant Fungicides, Curative Fungicides, Eradicant Fungicides |
Product | Liquid Fungicides, Powder Fungicides, Granular Fungicides, Dust Fungicides, Gel Fungicides, Aerosol Fungicides |
Application | Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornamentals, Plantation Crops |
Form | Dry, Wet, Soluble, Emulsifiable |
End User | Agricultural Sector, Horticultural Sector, Forestry, Home & Garden, Commercial Greenhouses |
Technology | Nano-technology, Micro-encapsulation, Biotechnology |
Mode | Foliar Spray, Soil Treatment, Seed Treatment, Post-Harvest |
Deployment | On-Premise, Cloud-Based Solutions |
Functionality | Preventive, Curative, Eradicative |
Nufarm, FMC Corporation, UPL Limited, Sumitomo Chemical, Adama Agricultural Solutions, BASF SE, Syngenta, Bayer Crop Science, Corteva Agriscience, Marrone Bio Innovations, Certis USA, Koppert Biological Systems, Isagro, American Vanguard Corporation, Albaugh, Arysta Life Science, Bioworks, Valent Biosciences, Gowan Company, Sipcam Agro USA
U.S. Department of Agriculture - Economic Research Service, European Commission - Directorate-General for Agriculture and Rural Development, Food and Agriculture Organization of the United Nations - Statistics Division, United Nations Environment Programme - Chemicals and Health Branch, International Fertilizer Development Center, U.S. Environmental Protection Agency - Office of Pesticide Programs, Australian Department of Agriculture, Fisheries, and Forestry, Indian Council of Agricultural Research - Plant Protection Division, Brazilian Agricultural Research Corporation (Embrapa), International Society for Plant Pathology, International Union of Soil Sciences, Fertilizer Institute, International Plant Protection Convention, International Crops Research Institute for the Semi-Arid Tropics, World Bank - Agriculture and Food, International Rice Research Institute, International Society for Horticultural Science, International Conference on Plant Pathology, World Congress on Agroforestry, Global Forum for Innovations in Agriculture
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