Global Fungicides
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Fungicides Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Global Fungicides Market size in 2023 was XX Million. The Fungicides Market Industry's compound annual growth rate (CAGR) will be XX% from 2024 to 2031. Pesticides known as fungicides either eradicate or stop the growth of fungi and their spores. They can be used to manage rusts, mildews, and blights, among other fungi that harm plants. A large number of pesticides in general are used by people for the protection of the plants. For Instance, Every year, Americans apply over 4.4 billion pesticide treatments to their yards, gardens, and houses. More than three-quarters of American homes use pesticides, with 66% treating major living areas of the house once or more a year, according to surveys conducted by the Environmental Protection Agency (EPA). Ants and cockroaches are the most frequent targets. In the absence of a significant bug problem, more than one-third of families employed insecticides.(Source: https://nchh.org/information-and-evidence/learn-about-healthy-housing/health-hazards-prevention-and-solutions/pesticides/)Hence, the use of pesticides is increasing and it can be said that fungicide usage is also increasing. The fungicides market is driven by an increase in fungal diseases and Expanding food production and awareness of food security.
The majority of plant pathogens are fungi, which also cause a variety of dangerous plant diseases. Fungi are the primary cause of most vegetable illnesses. They harm plants by inflicting stress on them or by destroying cells. Fungal infections can arise from contaminated seeds, soil, agricultural residue, adjacent crops, and weeds. These fungal diseases are increasing at a high rate. For Instance, Researchers have alerted the public to the fact that hundreds of thousands of individuals lose out on calories that could have been produced if the crops had survived as a result of fungal infections. Furthermore, as the globe warms, this will only get worse. Recent observations by Eva Stukenbrock and Sarah Gurr in the journal Nature detailed the serious effects of fungal diseases on the world's supply chain. They pointed out that fungi are terrifyingly effective crop destroyers. They release a large number of spores that can stay in the soil for up to 40 years. Spores in other species have a thousand-kilometer flight path. (Source: https://www.foodnavigator.com/Article/2023/05/04/Fungal-infections-threaten-the-world-s-supply-chain) Hence, the prevention of Fungicides is needed. Pesticides that either destroy or stop the growth of fungi and their spores are known as fungicides. They can be applied to manage fungal diseases that harm plants, such as blight, mildew, and rust. In different environments, they might also be utilized to manage mold. Fungicides have many mechanisms of action, but the majority cause harm to the membranes surrounding fungal cells or obstruct their ability to produce energy.Fungicides destroy fungi by breaking down their cell walls, deactivating vital proteins or enzymes, or getting in the way of vital functions like respiration or energy synthesis. Others affect particular metabolic processes, like chitin or sterol synthesis. For instance, Azoles are widely used as a human and animal medicine, as a preventative measure against fungal diseases in food crops and on golf courses, as a wood preservative, as a way to stop mold growth in flower bulbs and silage, and as a way to maintain decorative plants. There are many items on the list. Researchers are concerned because of this regular use since the hazardous fungus becomes resistant.(Source: https://phys.org/news/2024-02-fungicide-resistance-threat-health-humans.html)Hence, due to the increase in Fungal diseases among plants, Fungicides are needed for prevention and it drives the market growth.
The growing global awareness of food security and the increased need for food production are driving growth in the fungicide industry. Fungicides are often used in the cultivation of rice, fruits, and vegetables. Fungicides boost crop yields by eliminating or preventing the growth of bacteria and fungi. The health benefits of fruits and vegetables, modifications to chicken farming practices, and the release of more inventive fungicide treatments have all contributed to a rise in the consumption of these items, which has also helped the fungicide industry grow. Current climate change predictions and the increasing incidence of various agricultural diseases are also driving the need for creative methods to stop bacteria and fungi from growing on crops.
Agricultural fungicides are insecticides used to stop or manage fungal-induced plant diseases. They can aid in guaranteeing food affordability, accessibility, and safety. They may, however, also have detrimental impacts on the environment, and exposure to chemical pesticides has been connected to an increased risk of illness in people and animals. For Instance, There are more ways that fungi can affect animal and human health. When ingested, toxins made by fungi connected to agriculture can have an impact on both human and animal health. Aspergillus-produced aflatoxins have contaminated food crops, resulting in pet aflatoxin poisonings and pet food recalls in the US. Humans can become sick from aflatoxins as well.(Source: https://www.cdc.gov/fungal/fungal-one-health.html#:~:text=Fungi%20can%20impact%20human%20and,recalls%20in%20the%20United%20States)
Furthermore, According to the Centre for Food Safety, Triazole fungicides produce liver tumors in rodents, which is why the EPA considers them to be a potential or probably human carcinogen. Additionally, these fungicides alter liver cholesterol levels, which puts people at risk for more severe diseases including cirrhosis and steatohepatitis. (Source: https://www.centerforfoodsafety.org/issues/6459/pesticides/fungicides)Hence, it can be said that as fungi are harmful to humans and an increase in food security among people is needed to avoid the disease, Fungicides are needed and drive market growth.
Regular use of fungicides can encourage the buildup and migration of harmful materials in ecosystems, which can be dangerous for the natural environment, particularly soil. Fungicides have the potential to upset these crucial interactions by eliminating both dangerous and helpful fungi. Plant growth may be hindered, soil health may deteriorate, and disease susceptibility may rise as a result. Furthermore, Due to their regular, preventive application, fungicides can enter aquatic ecosystems and exist in surface water bodies in agricultural catchments for the duration of the growing season. Due to their visitation and preventive application, fungicides can enter marine ecosystems and occur in surface water bodies in agricultural catchments during the developing. For Instance, Fungicides are widely used to manage plant diseases on both large and small farms. Fungicides are typically thought to be reasonably safe, but insecticides have long been known to pose a hazard to bees and other beneficial insects. Even though the majority of fungicide exposures do not instantly kill bees, an increasing amount of research indicates that certain fungicides can have minor but noticeable negative effects. For Instance, Certain fungicides have insecticidal qualities and can kill bees upon contact, such as captan and mancozeb (e.g., Captan, Manzate). In more subtle ways, several fungicides are harmful to bees. By lowering long-term survival and population size, these sublethal effects which might include modifications in development, behavior, immunological function, or reproduction can have a detrimental influence on bee populations. (Source: https://xerces.org/sites/default/files/2019-09/Fungicide_Regular_Factsheet_Final_Web.pdfHence, the increasing effect on the environment by the fungicides is a restraint for the Fungicides market.
The COVID-19 epidemic has affected the world market for fungicides in a variety of ways. Although most nations considered the agricultural sector to be vital and kept it going, the epidemic has altered the dynamics of the market and caused disruptions. Lockdowns, travel bans, and logistical difficulties caused delays in the worldwide supply chain for the fungicides business. Fungicide manufacturing, transportation, and availability were all impacted by these disturbances, which caused delays and shortages in some areas. The entire efficiency of the supply chain was hampered by the restricted mobility of commodities and limited access to raw materials. The pandemic changed the patterns of demand for fungicides. At first, there was a spike in the panic purchase and hoarding of necessities, which included supplies for agriculture. But as the pandemic spread, there were swings in demand because of unpredictabilities in the agriculture industry. Variations in demand were caused by some variables, including volatile markets, shifting consumer behavior, and interrupted international trade.
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The key market players are heavily funding research and development to broaden their product offerings, which will encourage more growth in the fungicide industry. Among other noteworthy industry trends, market players are attempting to broaden their reach by introducing new items, signing agreements, purchasing businesses, boosting investments, and collaborating with other institutions. To thrive and endure in a more ruthless and vicious marketplace, fungicide industry rivals need to offer reasonably priced goods along with mergers and acquisitions. For Instance, The intention to purchase Corteva Agriscience's sole mancozeb global fungicide business outside of China, Japan, South Korea, and EU member states has been announced by global agrochemical company UPL Ltd. According to reports, mancozeb is a preventive fungicide that guards against plant diseases in a variety of crops. According to a statement from UPL, the acquisition will grant UPL ownership of "Dithane," the original worldwide mancozeb brand, as well as access to Rainshield technology, which allows crop protection in wet weather.
(Source: https://www.cnbctv18.com/market/upl-share-price-corteva-acquisition-mancozeb-fungicide-business-dithane-crop-protection-18749951.htm
• Furthermore, The Indian Patent Office issued the patent, which is named "Synergistic fungicidal composition comprising strobilurin and triazole fungicides with sulfur." Combining sulfur with fungicides like strobilurin and triazole could result in increased efficacy and larger potential benefits for farmers. With a 20-year validity period beginning on October 4, 2021, the patent probably grants the business the only right to produce and market this novel fungicide in India.(Source: https://www.business-standard.com/markets/capital-market-news/best-agrolife-edges-higher-after-govt-grants-20-year-patent-for-new-fungicide-124022100195_1.html)
• The University of California, Davis has developed a promising new fungicide to combat severe crop diseases. In addition to improving the symptoms of a pre-existing fungal infection in rice, the chemical ebselen prevented fungal infections in apples, grapes, strawberries, tomatoes, and roses. Global agricultural losses are over 25% the result of fungal infections. These losses total about $150 billion a year in the United States. However, the past 50 years have seen a slowdown in the development of fungicides, primarily due to difficulties in identifying molecular pathways to target. Hence, Researchers from UC Davis have discovered fungicide candidates that specifically target autophagy, a cellular recycling mechanism that has been demonstrated to be crucial for fungal pathogenicity.
(Source: https://ucdavis.edu/food/news/plant-biologists-identify-promising-new-fungicides)
Top Companies Market Share in Fungicides Industry: (In no particular order of Rank)
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Global Fungicides Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fungicides Industry growth. Fungicides market has been segmented with the help of its Type, Application , and others. Fungicides market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The dominating segment is the Biological segment. The benefits of biological fungicides, such as their high effectiveness, unique mode of action, and environmental friendliness due to their lack of negative environmental consequences, can be credited for this segment's rise. For Instance, One of the most dangerous rice diseases, bacterial leaf blight, will be easier to manage with the help of a new bio-fungicide just released by FMC India, an agro sciences company that offers crop protection technology and solutions. (Source: https://www.business-standard.com/companies/news/fmc-india-brings-bio-fungicides-for-bacterial-leaf-blight-disease-in-rice-123083100650_1.html)
• Chemical
• Biological
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The dominating segment is Foliar Spray. The foliar treatment is highly preferred because of its uniform application and low volume need per hectare. Farmers profit from the lower volume required per hectare since it reduces input costs and prevents crop damage. In addition to shielding exposed plant surfaces, the foliar treatment keeps diseases out of the crop. Additionally, the foliar treatment reduces the amount of secondary inoculum and helps to eliminate pre-existing diseases. For Instance, For the 2023 crop season, FMC is introducing the fungicide Adastrio on a limited commercial basis. Adastrio is the first foliar fungicide to use fluindapyr, the newest member of the SDHI class. It combines three modes of action. This fungicide is designed to safeguard production potential from planting to harvest while offering broad-spectrum control of important foliar diseases.(Source: https://www.agribusinessglobal.com/agrochemicals/fungicides/fmc-launches-new-three-mode-of-action-foliar-fungicide-targeting-late-season-diseases/)
• Seed treatment
• Soil treatment
• Foliar Spray
• Post Harvest
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Fungicides market report 2024 Edition by contacting our team.
The dominating region in this market is North America. The thriving agricultural industry in North America, especially in the US and Canada, is the main driver of the fungicides market. Sustainable farming practices and cutting-edge farming technologies have become more popular in the area. The creation and application of bio-based and ecologically friendly fungicides has been aided by strict laws governing the use of pesticides and rising customer demand for pesticide-free goods. Furthermore, technological advancements in the sector are driving the region’s growth. For Instance, Dong Xu, a Curators' Distinguished Professor of Electrical Engineering and Computer Science in US, is creating biodegradable, non-toxic fungicides that they intend to eventually sell. Giving farmers a tool to fight fungal diseases many of which lack appropriate treatments at the moment is the aim."We're using a variety of approaches, including AI techniques and biomolecular modeling, to determine which biomolecules function best," Xu stated. (Source: https://engineering.missouri.edu/2024/engineer-leveraging-ai-to-help-collaborators-develop-fungicides-prevent-crop-loss/)
The current report Scope analyzes Fungicides Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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The Global Fungicides Market is witnessing significant growth in the near future.
In 2023, the Chemical segment accounted for noticeable share of global Fungicides Market and is projected to experience significant growth in the near future.
The Soil Treatment segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Syngenta, FMC and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Chemical, Biological |
Application | Soil Treatment, Seed Treatment, Foliar Spray, Post-Harvest |
List of Competitors | Syngenta, UPL, FMC, BASF, Bayer, Nufarm, Pioneer (Dupont), Sumitomo Chemical, Dow AgroSciences, Marrone Bio Innovations (MBI), Indofil, Adama Agricultural Solutions, Arysta LifeScience, Forward International, IQV Agro, SipcamAdvan, Gowan, Everris (ICL), Certis USA, Acme Organics Private, Rotam, Sinochem, Limin Chemical, Shuangji Chemical, Jiangxi Heyi, Lier Chemical |
This chapter will help you gain GLOBAL Market Analysis of Fungicides. Further deep in this chapter, you will be able to review Global Fungicides Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Fungicides Market Trends North America Fungicides Technological Road Map North America Fungicides Market Drivers North America Fungicides Market Restraints North America Fungicides Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Fungicides market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Chemical have a significant impact on Fungicides market? |
What are the key factors affecting the Chemical and Biological of Fungicides Market? |
What is the CAGR/Growth Rate of Soil Treatment during the forecast period? |
By type, which segment accounted for largest share of the global Fungicides Market? |
Which region is expected to dominate the global Fungicides Market within the forecast period? |
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