Fungicides are a class of pesticides, which primarily consists of biological organisms or chemical compounds. They are widely used in the agricultural segment, which help to restrict the fungal diseases by inhibiting or killing the fungus responsible for the crop disease. The most commonly used active ingredient for fungicides preparation is sulfur. The most common chemical fungicides available in market includes: Dithiocarbamates, Phenylamides, Benzimidazoles, Triazoles, Chloronitriles, Strobilurins and others.
Global Key Players and Competition Analysis
Some of the key players profiled in the global fungicides market: BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), FMC Corporation (U.S.), Sumitomo Chemical Co., Ltd. (Japan), Adama Agricultural Solutions Ltd. (Israel), Bayer CropScience AG (Germany), DowDuPont Inc. (U.S.), Bioworks, Inc. (U.S.), Certis U.S.A. LLC (U.S.), Monsanto Company (U.S.)
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Segmentation Analysis
Fungicides are segmented based on type, which includes chemical fungicides, bio-fungicides, and others. Based on mode of treatment, the fungicides market is segmented into seed treatment, soil treatment, and others. Based on the form, the fungicides market is segmented into powder, liquids, and others. Based on application, the fungicides market is segmented in fruits and vegetables, cereals and pulses, oilseeds and grains, and others. However, the demand for cereals and pulses is predicted to experience a high growth owing to health benefits associated with the consumption of organic pluses and cereals.
Regional Analysis
The global fungicides market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe is dominating the Fungicides Market followed by Asia Pacific. Germany has been accounted for a higher use of fungicides for protection of fruits and vegetables from diseases owing to increasing awareness about the benefits of using fungicides. Furthermore, high demand for organic fruits and vegetables from the farmers is key driving factor in this region.
Market Scope
Fungicides are used to inhibit and control the growth of the fungal diseases in plants. It is used to increase the crop productivity by providing adequate disease control support. Increasing population and rising demand for crops is driving the growth of the market. Factors such as increased crop production along with food security and crop-damage caused by fungal infections have surged the demand for fungicides at global level. Moreover, rising demand for bio-fungicides for crop-protection from fungal diseases is projected to drive the growth of fungicides market over the review period.
Browse the market data and information spread across 110 pages with 30 data tables and 16 figures of the report “Fungicides Market Research Report- Forecast till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/fungicides-market-4832
Industry News
November 24, 2017 MRFR published a Half-Cooked Research Report on the Global Fungicides Market, which is estimated to grow at a CAGR of 5.4% during the forecast period 2017-2023
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