About Fungicides
Fungicide is a chemical element which destroys or inhibits the growth of fungi. Fungicides have been used broadly in order to control fungal diseases and increase crop production. Though, the effects of fungicides on microorganisms other than fungi remain unclear. The modes of action of fungicides were never well categorized and presented, making difficult to evaluate their possible non target effects. Some fungicides target fungal intracellular membrane systems and also their biological functions. The global fungicides market is expected to witness a significant growth owing to growing food demand and shrinking land across the globe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and German Vendors will contribute the maximum growth to Global Fungicides market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Bayer Cropscience AG (Germany), Bioworks Inc (United States), Dow Agrosciences Llc (United States), DuPont (United States), American Vanguard Corporation (United States), FMC Corporation (United States), Isagro Spa (Italy), Nufarm Ltd (Australia) and Sumitomo Chemical (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Monsanto Company (United States), Natural Industries (United States), Ishihara Sangyo Kaisha Ltd (Japan), Marrone Bio Innovations Inc (United States), Syngenta International AG (Switzerland) and Corteva (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fungicides market by Type (Mancozeb, Chlorothalonil, Metalaxyl and Strobilurin) and Region.
On the basis of geography, the market of Fungicides has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Crop, the sub-segment i.e. Oilseeds & Pulses will boost the Fungicides market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Blossoming Agriculture Industry
Market Growth Drivers:
Growing Food Demand and Shrinking Land Across the globe and Increasing Popularity of Bio-Based Pesticides
Challenges:
Ban in Major Regions
Restraints:
Rising Demand for Food Safety and Quality and Growing Research and Development Costs
Opportunities:
Adoption of New Farming Practices in Developing Regions
Market Leaders and their expansionary development strategies
In January 2024, Global agrochemical major UPL Ltd. acquired Corteva Agriscience's solo mancozeb global fungicide business outside of China, Japan, South Korea and EU member countries. The acquisition will give UPL ownership of "Dithane," the original global mancozeb brand, along with access to Rainshield technology, which enables crop protection in wet weather conditions.
In August 2023, Corteva Agriscience expansion of its U.S. fungicide portfolio with the launched of Viatude™ fungicide, a new solution for farmers from northern U.S. soybean-producing states to help protect their soybeans from white mold disease.
The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) provides for federal regulation of pesticide distribution, sale, and use. All pesticides distributed or sold in the United States must be registered (licensed) by EPA. Before EPA may register a pesticide under FIFRA, the applicant must show, among other things, that using the pesticide according to specifications "will not generally cause unreasonable adverse effects on the environment”.
Key Target Audience
Manufacturers of Fungicides, Suppliers of Fungicides Subcomponents, Wholesalers, Distributers and Retailers of Fungicides, Agricultural Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.