Chemical Fungicides Market is expected to expand significantly as a result of factors such as increasing population demand for food security, advancements in farming practise and techniques, and changing climatic conditions that favour disease occurrence. Fungicides are commonly used to control harmful fungi that reduce crop yield. As a result, there is an increase in global demand for fungicides to reduce crop loss.
Data Bridge Market Research analyses that the chemical fungicides market which was growing at a value of 21.65 billion in 2021 and is expected to reach the value of USD 31.99 billion by 2029, at a CAGR of 5.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Recent Development
In November 2019, ADAMA Agricultural Solutions Ltd. acquired SFP, a French-Swiss crop protection company based in Switzerland. With this acquisition, SFP will expand its market presence in Europe by leveraging ADAMA's strong commercial network across the continent, which is expected to drive SFP's growth and help it expand its presence in the region.
In June 2019, FMC Corporation invested more than USD 50 million, including the reconfiguration of a greenhouse and research facility at the company's global R&D centre in Newark, Delaware, US.
In December 2019, FMC Corporation launched Rayora fungicide, a systemic demethylation inhibitor (DMI) designed to prevent and cure dollar spot while also providing additional protection against brown patches on turfs and greens.
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Market Definition
Fungicides are one of the most commonly used pesticides because they kill fungi and their spores, control blights, rust, and mildews, and protect crops from fungal infections, reducing damage. However, because fungicides cannot protect crops against all diseases, it is critical to understand the cause of the disease
Chemical Fungicides Market Regional Analysis/Insights
The chemical fungicides market is analysed and market size insights and trends are provided by country, crop type, form, action, application and product type as referenced above.
The countries covered in the chemical fungicides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the chemical fungicides market due to rising population levels, increased food demand, the prevalence of vast areas of farmland, and the availability of labour at affordable wages. Due to technological advancements.
Global Chemical Fungicides Market Scope
The chemical fungicides market is segmented on the basis of crop type, form, action, application and product type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Crop Type
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Other Crop Types
Active ingredients
Dithiocarbamates
Benzimidazoles
Chloronitriles
Triazoles
Phenylamides
Strobilurins
Others
Form
Liquid
Dry
Action
Contact
Systemic
Application
Seed Treatment
Soil Treatment
Foliar Spray
Chemigation
Post-Harvest
Product type
Bio based Fungicide
Synthetic Fungicide
Global Chemical Fungicides Market Dynamics
Drivers
Increase adoption of agricultural policies
Increasing adoption of federal agricultural policy programmes in emerging economies, rising levels of food consumption globally along with a growing population, an increase in trade activities such as grain and oilseed export, and the introduction of new and highly advanced technology are some of the major and impactful factors that will likely boost the growth of the chemical fungicides market
Rise in the demand for speciality products
Rising demand for genetically modified seeds and rising consumer preferences for organic and specialty products will contribute to the growth of the chemical fungicides market over the forecast period. Furthermore, the market is being driven by an increase in the number of agreements between corporate companies and farmers for the supply and production of agricultural products. Aside from that, organic products are considered safer than conventional products because they are not grown with chemically laden pesticides and are better for the environment.
Opportunities
Among the major factors driving the growth of the chemical fungicides market are high demand for high-value crops and rising launches of novel fungicide products. Furthermore, the growing popularity and acceptance of bio-based fungicide pesticides will open up new avenues for the chemical fungicides market.
Some of the major players operating in the chemical fungicides market are:
BASF SE (Germany)
Bayer AG (Germany)
Corteva, Inc. (U.S.)
Syngenta AG (Switzerland)
FMC Corporation (U.S.)
UPL Ltd. (India)
Sumitomo Chemical Co., Ltd. (Japan)
Nippon Soda Co., Ltd. (Japan)
Isagro S.p.A (Italy)
Nufarm (Australia)
ADAMA (Israel)
Nissan Chemical Corporation (Japan)
Marrone Bio Innovations, Inc. (U.S.)
Koppert Biological Systems (Netherlands)
Bioworks, Inc. (U.S.)
STK Bio-ag Technologies (Israel)
Verdesian Life Sciences (U.S.)
Seipasa S.A. (Spain)
Ishihara Sangyo Kaisha, Ltd. (Japan)
Nutrichem (China)
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