Fungicides Market Projected to Reach $24.90 Billion by 2029 Amid Growing Global Demand for Crop Protection

In 2022, the Fungicides Market boasted a valuation of $18.54 billion, with projections indicating a robust growth to $24.90 billion by 2029, fueled by a compound annual growth rate (CAGR) of 4.3%, according to a comprehensive market analysis.

Driving Forces: Population Growth, Food Demand, and Climate Change

The ever-growing global population and increasing demand for food production are driving the fungicide market forward. Fungicides are extensively utilized in the cultivation of fruits, vegetables, and rice, effectively suppressing fungi and bacteria, thereby increasing crop yields. The surge in demand for vegetables and fruits due to health-conscious consumers, coupled with advancements in agricultural technologies, contributes to the market's upward trajectory.

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Fungicide Market Scope:

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Analysis in the report is conducted using widely used and trusted tools such as SWOT, and PESTLE analysis, which gives an analysis of the impacts such as political, social-cultural, economic, technological, and environmental impacts, also can build strategic planning and management using this analysis.

The report is designed in such a manner that it provides the readers the appropriate and up-to-date market data in graphical and tabular forms.

Fungicide Market Segmentation:

by Product Type

Inorganics
Benzimidazoles
Dithiocarbamates
Triazoles & Diazoles
Biofungicides
Others

The Inorganics segment held the largest market share in 2021 based on product type. This can be attributed to features such as pet friendliness, low cost, easy application, and fast acting fertiliser. The precise nutrient content of inorganic fertilisers is guaranteed by law, which is an additional benefit. External or inorganic growth necessitated acquisitions, joint ventures, mergers, and franchising. Improved inorganics segment growth can be achieved by taking advantage of inorganic growth, which offers a quick route into new markets and product categories.

by Application

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others

Cereals & Grains held the largest market share in 2021 based on application.More protein is found in cereals and grains than in meat, fish, or eggs. For more than half of the world's population, these foods are an essential source of protein. The population growth and rising demand for food supplies are the primary causes of the segment's increase. The increased need for crop protection chemicals is contributing to a rise in the market for novel fungicides.

by Mode of action

Contact
Systemic

by Form

Liquid
Dry

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Fungicide Market Major Players:

1.BASF SE
2.Bayer AG.
3.Corteva Inc.
4.Syngenta AG
5.FMC Corporation
6.UPL Ltd.
7.Adama Ltd.
8.Sumitomo Chemical Co. Ltd.
9.Nufarm Limited
10.Isagro SpA
11.Dhanuka Agritech
12.Nippon Soda Co. Ltd.
13.Lanxess
14.AMVAC Chemical Corporation
15.Nissan Chemical Corporation
16.Ishihara Sangyo Kaisha Ltd.
17.Tata Chemicals Ltd.
18.Novo Nordisk A/S

Fungicide Market Regional Analysis:

As Fungicide Market tends to rapid growth within the forecast period, the MMR report is structured to support that volatility with a regional analysis of the market.

Regional market analysis helps to understand the regional potential of the industry with detailed data that shows the traditional way of business, regional opportunities, trading chains, challenges and others.

This report is the ultimate guide for a new player in the industry to know the regional market competition, challenges, and advantages, to build their strategies and plans accordingly.

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Key Questions answered in the Fungicide Market Report are:

• What is Fungicide Market?
• What is the forecast period of the Fungicide Market?
• What is the competitive scenario of the Fungicide Market?
• Which region held the largest market share in the Fungicide Market?
• What are the opportunities for the Fungicide Market?
• What factors are affecting the Fungicide Market growth?
• Who are the key players of the Fungicide Market?
• Which company held the largest share in the Fungicide Market?
• What will be the CAGR of the Fungicide Market during the forecast period?
• What key trends are likely to emerge in the Fungicide Market in the coming years?

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