Fungicides Market will be worth $18.5 billion USD. By 2032, the fungicides market is anticipated to generate $30 billion in revenue. Cereals and grains account for 41% of the fungicides market by crop type. In 2021, North America accounted for 28% of the global fungicides market.
A type of pesticide called a fungicide is used to eradicate fungi or their spores. Fungicides are widely used in agriculture to protect crops. It is utilised to stop crop harm brought on by fungicide attack. It produces crops of greater quality and yields more. Animals with fungal diseases can also be treated with it.
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Depending on the crop, different fungicides are used. Translaminar, systemic, and contact fungicides are the several kinds of fungicides that are accessible. Chlorothalonil, mancozeb, prochloraz, propicanazole, and many other substances are among the active components.
Sulfur is one of the most often used active components in fungicides. In the near future, it is anticipated that the key rules governing the use of fungicides in various countries will impede the growth of the global fungicides market because some fungicides are harmful to human health. However, the worldwide fungicides market is likely to show moderate single-digit growth in the forecast decade.
Questions Answered in PMR’s Fungicides Market Report
- What is the sales forecast for fungicides?
- Which segment dominates the fungicides market?
- What is the present value of the fungicides market?
- Which region contributes the highest share in the market?
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Some of the key players identified in the global fungicides market are BASF SE, Bayer AG, Syngenta AG, The Dow Chemical Company, E.I. Dupont De Nemours & Company, Cheminova A/S, Nufarm Ltd, and Chemtura Corporation.
Fungicides are currently in greater demand due to the need to protect crops and assure higher agricultural yields. According to estimates, the industry’s need will be driven by dwindling arable land and growing consumer demand for food goods.
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In addition, growing concerns to control many diseases among plants are expected to drive demand avenues in the industry. Further, the development of novel organic fungicides is also helpful for industry players to get a competitive edge in the market while providing effective solutions to consumers.
Table of Content of this Report:
- Fungicides Market Overview and Analysis [ Market Size | Market Y-o-Y Growth | Market Dynamics]
- Fungicides Market Overview and Analysis [ Supply Chain | Cost Structure | Pricing Analysis | Raw Material Sourcing Strategy and Analysis | List of Distributors]
- Global Fungicides Market Analysis and Forecast By Product Type
- Global Fungicides Market Analysis and Forecast By Application Type
- Global Fungicides Market Analysis and Forecast By Region [ Europe | North America | APAC | Middle East and Africa]
- Global Fungicides Market Company Share, Competition Landscape and Company Profiles
- Research Methodology
- Secondary and Primary Sources
- Assumptions and Acronyms
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