Global Fungicides Market - 2023-2030
The Global Fungicides Market reached US$ 20.4 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 33.7 billion by 2030. The market is growing at a CAGR of 6.5 % during the forecast period 2023-2030.
Fungicides are chemical or biological compounds that prevent growth or kill fungi. Different fungicides include dithiocarbamates, benzimidazoles, triazoles, strobilurins, and carboxamides. Natural fungicides are made from living organisms or their derivatives, which can effectively control fungal diseases, thereby contributing to the overall size of the Global Fungicides Market.
Fungicides are classified as contact or systemic based on their application methods. Contact fungicides are applied directly to the plant's surface, while the plant absorbs systemic fungicides and provides protection throughout the tissue, resulting in high sales in the fungicide market. Protective fungicides form a barrier on the plant's surface to prevent fungal spores from germinating and infecting the plant, and these products also contribute significantly to the global fungicides market revenue.
Market Dynamics
The Introduction of New and Innovative Fungicide Products
The introduction of new and innovative fungicide products has been one of the key drivers for the growth of the fungicide market. Manufacturers are constantly developing and launching new products to meet farmers’ changing needs and combat new and evolving plant diseases. For instance, on December 28, 2022, BASF recently launched its new fungicide, Revysol, which is effective against many plant diseases and has a low environmental impact.
On the other hand, on November 28, 2022, Bayer, The US-based company, launched Luna Flex Fungicide Labeled for Eastern. Luna Flex is a versatile fungicide that effectively combats various diseases while minimizing the impact of secondary infections such as flyspeck and brown rot. With its broad-spectrum action, Luna Flex empowers growers to manage common diseases proactively.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Artificial Intelligence Analysis
AI technology is increasingly being used in the agriculture industry, including the development and use of fungicides. AI can help in the identification of fungal diseases, predicting disease outbreaks, and recommending optimal fungicide treatment plans. AI-powered imaging and sensing technologies can detect fungal diseases in plants early, allowing farmers to take corrective measures before significant damage occurs.
This can help reduce the amount of fungicides required and minimize the risk of resistance development. AI can also be used to analyze large amounts of data related to crop health, weather patterns, and other factors that affect disease development. By analyzing this data, AI systems can help predict disease outbreaks and recommend optimal fungicide treatment plans, helping farmers optimize their use of fungicides.
Segment Analysis
The Global Fungicides Market is segmented based on origin, mode of application, form, product, crop type and region.
Fruits and Vegetables Segment Accounts Sizable Share in the Global Fungicides Market
The fruits and vegetables segment is expected to have the highest compound annual growth rate (CAGR) of 8.6% from 2023 to 2030. These crops are susceptible to fungal diseases such as blight, which is one of the most common fungal disorders affecting fruits and vegetables. Early blight, also known as Alternaria, can be detected by the presence of black spots on the leaves, which can cause the leaves to dry up and spots on fruits.
To prevent fungal infections and mildews such as downy mildew, which affect vegetable and fruit-bearing plants, fungicides are widely used. For instance, on December 27, 2022 Insecticides India launched fungicide to tackle ‘Downy Mildew’ in grapes.
Geographical Analysis
North America Holds the Largest Share in the Global Fungicides Market
The Global Fungicides Market is segmented by region into North America, South America, Europe, Asia-Pacific, Middle-East and Africa.
The adoption of both natural and synthetic crop protection solutions is on the rise in North America, with countries like the U.S. and Canada leading the trend to enhance crop yield. To cater to changing consumer preferences, major crop protection companies are developing new and innovative products, including active ingredients, and launching them in the market.
For instance, on May 22, 2021, Syngenta Canada, launched Vayantis corn and soybean seed treatment. On the other hand, on November 22, 2022, Indigo Agriculture launched biotrinsic X19 for the 2023 growing season. It is the industry’s first biological fungicide based on the microbe Kosakonia cowanii.
Competitive Landscape
The major global players include 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.
Why Purchase the Report?
• To visualize the Global Fungicides Market segmentation based on origin, mode of application, form, product, crop type and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Fungicides market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The Global Fungicides Market Report Would Provide Approximately 77 Tables, 80 Figures And 195 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Origin
- 3.2. Snippet by Mode of Application
- 3.3. Snippet by Form
- 3.4. Snippet by Product
- 3.5. Snippet by Crop Type
- 3.6. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. The introduction of new and innovative fungicide products
- 4.1.2. Restraints
- 4.1.2.1. The growing resistance to active ingredients hampers the market expansion
- 4.1.3. Opportunity
- 4.1.3.1. The increasing demand for food due to population growth
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Post COVID-19 and Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Origin
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 7.1.2. Market Attractiveness Index, By Origin
- 7.2. Bio-Fungicides *
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Synthetic Fungicides
- 8. By Mode of Application
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 8.1.2. Market Attractiveness Index, By Mode of Application
- 8.2. Foliar Spray*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Post-Harvest
- 8.4. Seed Treatment
- 8.5. Soil Treatment
- 9. By Form
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 9.1.2. Market Attractiveness Index, By Form
- 9.2. Liquid *
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Water Dispersable Granule
- 9.4. Wettable Powder
- 10. By Product
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.1.2. Market Attractiveness Index, By Product
- 10.2. Benzimidazoles *
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Chloronitriles
- 10.4. Dithiocarbamates
- 10.5. Phenylamides
- 10.6. Strobilurins
- 10.7. Triazoles
- 10.8. Others
- 11. By Crop Type
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 11.1.2. Market Attractiveness Index, By Product
- 11.2. Fruits & Vegetables *
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Oil Crops & Pulses
- 11.4. Grains & Cereals
- 11.5. Others
- 12. By Region
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2. Market Attractiveness Index, By Region
- 12.2. North America
- 12.2.1. Introduction
- 12.2.2. Key Region-Specific Dynamics
- 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.2.8.1. The U.S.
- 12.2.8.2. Canada
- 12.2.8.3. Mexico
- 12.3. Europe
- 12.3.1. Introduction
- 12.3.2. Key Region-Specific Dynamics
- 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.3.8.1. Germany
- 12.3.8.2. The U.K.
- 12.3.8.3. France
- 12.3.8.4. Italy
- 12.3.8.5. Spain
- 12.3.8.6. Rest of Europe
- 12.4. South America
- 12.4.1. Introduction
- 12.4.2. Key Region-Specific Dynamics
- 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.4.8.1. Brazil
- 12.4.8.2. Argentina
- 12.4.8.3. Rest of South America
- 12.5. Asia-Pacific
- 12.6. Introduction
- 12.7. Key Region-Specific Dynamics
- 12.7.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 12.7.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 12.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 12.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.7.6.1. China
- 12.7.6.2. India
- 12.7.6.3. Japan
- 12.7.6.4. Australia
- 12.7.6.5. Rest of Asia-Pacific
- 12.8. Middle East and Africa
- 12.8.1. Introduction
- 12.8.2. Key Region-Specific Dynamics
- 12.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Origin
- 12.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode of Application
- 12.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.8.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.8.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
- 13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Market Positioning/Share Analysis
- 13.3. Mergers and Acquisitions Analysis
- 14. Company Profiles
- 14.1. BASF SE *
- 14.1.1. Company Overview
- 14.1.2. Grade Portfolio and Description
- 14.1.3. Financial Overview
- 14.1.4. Key Developments
- 14.2. ADAMA Agricultural Solutions Ltd.
- 14.3. Bayer CropScience AG
- 14.4. DuPont
- 14.5. FMC Corporation
- 14.6. Monsanto Company
- 14.7. Nufarm Limited
- 14.8. Sumitomo Chemical Co., Ltd
- 14.9. Syngenta AG
- 14.10. The DOW Chemical Company
- LIST NOT EXHAUSTIVE
- 15. Appendix
- 15.1. About Us and Services
- 15.2. Contact Us
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook