PUBLISHER: The Business Research Company | PRODUCT CODE: 1670990
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670990
Triazole fungicides represent a category of chemical compounds extensively utilized in agriculture to manage fungal diseases affecting crops. This group belongs to the broader classification of triazole fungicides, recognized for their efficacy in combating a diverse spectrum of infections across various crops, particularly grains.
Primary examples of triazole fungicide products include epoxiconazole, triadimenol, propiconazole, prothioconazole, metconazole, cyproconazole, tebuconazole, flusilazole, and paclobutrazol. Epoxiconazole, one such fungicide within this category, demonstrates wide-ranging effectiveness against a multitude of fungal diseases. These fungicides find application across different crop types such as cereals and grains, oilseeds and pulses, fruits and vegetables, among others. Their application methods include seed treatment, soil treatment, foliar spray, chemigation, and post-harvest treatments to protect crops from fungal infections.
The triazole fungicides market research report is one of a series of new reports from The Business Research Company that provides triazole fungicides market statistics, including triazole fungicides industry global market size, regional shares, competitors with a triazole fungicides market share, detailed triazole fungicides market segments, market trends and opportunities, and any further data you may need to thrive in the triazole fungicides industry. This triazole fungicides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The triazole fungicides market size has grown steadily in recent years. It will grow from $4.06 billion in 2024 to $4.26 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to disease outbreaks in crops, increased intensity of commercial farming, global population growth, awareness and education, and regulatory approvals
The triazole fungicides market size is expected to see strong growth in the next few years. It will grow to $5.3 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to climate change's impact on diseases, expansion of precision agriculture, globalization of agriculture, rising focus on sustainable agriculture, and development of new fungicide formulations. Major trends in the forecast period include technological advancements in formulations, management of fungal resistance, globalization of agriculture and trade, focus on disease forecasting and early intervention, integration into integrated pest management (IPM) programs, regulatory support for safe pesticide use, R&D for novel triazole formulations.
The increasing demand for disease management and crop protection is anticipated to drive the growth of the triazole fungicide market in the future. Crop protection encompasses the methods and practices employed to shield crops from pests, diseases, weeds, and other factors that adversely affect growth and productivity. Disease management involves various techniques and strategies aimed at preventing, controlling, and alleviating the impact of diseases on plants, animals, and humans. Triazole fungicides provide broad-spectrum activity, systemic and curative action, and effectiveness against resistant pathogens, safeguarding crop yields and quality. Additionally, advancements in formulation and application techniques have further facilitated their adoption. For example, in February 2023, the Grains Research and Development Corporation, an Australia-based organization, reported a 42% surge in demand for diagnostic activities in 2022 compared to 2021, which also saw favorable conditions for cereal diseases. Thus, the need for disease management and crop protection is fueling the growth of the triazole fungicide market.
The escalating occurrence of crop diseases is expected to propel the growth of the triazole fungicide market in the future. Crop diseases hinder plants from reaching their full potential, resulting in diminished yields and quality. Triazole fungicides are recognized for their broad-spectrum efficacy against various fungi. Farmers are likely to increase their use of triazole fungicides as part of integrated disease management strategies to protect their crops from diseases. For instance, in February 2023, the Crop Protection Network, a US-based collaborative initiative, noted that in 2022, yield losses from tar spot and Fusarium stalk rot represented approximately 50% of the losses recorded for these diseases in 2021. Therefore, the rising incidence of crop disease is driving the growth of the triazole fungicide market.
The triazole fungicide market is currently witnessing a significant trend towards product innovation, with major companies actively incorporating new technologies to maintain their competitive positions. An illustrative example is BASF SE, a Germany-based chemicals company, which, in December 2022, introduced Revysion, a groundbreaking fungicide developed over an 11-year period with a substantial investment of €250 million. As a member of the triazole family, Revysion represents a notable advancement over conventional fungicides. Formulated with the active substance Revysol, it features a flexible molecule that adapts well to fungal enzymes, ensuring high efficacy and a broad spectrum of action. This fungicide targets various fungal diseases affecting crops such as grapes, apple trees, pear trees, and stone fruit. The product launch, held in Italy, showcased the extensive research process involving experts from the fruit sector. Revysion, the only fully approved triazole fungicide under EU regulations, highlights BASF's innovative approach, prioritizing regulatory compliance before evaluating efficacy. This product offers farmers an advanced solution for effective disease management across various crops.
Major players in the triazole fungicide market are embracing innovative technologies to maintain their market positions. The integration of cutting-edge technologies in triazole fungicides enhances precision, sustainability, and overall effectiveness, providing farmers with valuable tools for disease management and contributing to the industry's growth. A case in point is FMC Corporation, a US-based chemicals company, which, in November 2022, launched a new foliar fungicide with three modes of action targeting late-season diseases - Adastrio Fungicide. Designed for crops such as corn, wheat, and barley, Adastrio offers broad-spectrum control against key foliar diseases. With a wide application window, low use rate (7-9 fl. oz./A.), and long-lasting residual control, Adastrio aims to provide flexibility, efficiency, and stress tolerance benefits for plant health. This product exemplifies the industry's commitment to innovation and sustainability, reinforcing its position in the dynamic triazole fungicide market.
In May 2022, UPL Limited, a leading Indian chemical industry company, completed the acquisition of OptiCHOS, a naturally-derived fungicide, from BioCHOS. The financial details of the acquisition were not disclosed. UPL acquired OptiCHOS as part of its strategic expansion in the natural plant protection (NPP) sector. The NPP division intends to introduce products featuring OptiCHOS within the coming years. BioCHOS, based in Norway, specializes in plant protection products.
Major companies operating in the triazole fungicides market include BASF SE, Dow Inc., Mitsubishi Chemical Corporation, Syngenta AG, Bayer CropScience AG, Sumitomo Chemical Co. Ltd., Corteva Agriscience India Private Limited, DuPont de Nemours Inc., LANXESS, FMC Corporation, ADAMA Agricultural Solutions Ltd., UPL Ltd., Nufarm Limited, Nissan Chemical Industries Ltd., Valent U.S.A. LLC, Lier Chemical Co. Ltd., Cheminova AS, Nippon Soda Co Ltd., Limin Chemical Co. Ltd., Jiangsu Flag Chemical Industry Co. Ltd., Isagro S.p.A., Verdesian Life Sciences, Koppert Biological Systems, Marrone Bio Innovations Inc., BioWorks Inc., Nutrichem LLP, Shandong Binnong Technology Co. Ltd., Kyoyu Agri Co Ltd., SEIPASA SA, Sipcam Oxon S.p.A.
North America was the largest region in the triazole fungicide market in 2024. The regions covered in the triazole fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the triazole fungicides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The triazole fungicides market consists of sales of plant bio-stimulants, crop protection fungicides, agricultural surfactants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Triazole Fungicides Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on triazole fungicides market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for triazole fungicides ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The triazole fungicides market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.