Fungicides Market Thrives Amidst Crop Challenges, Forecasts 4.3% CAGR by 2029
In a recent report, the Fungicides Market has emerged as a crucial player in the battle against crop diseases worldwide. Valued at US$ 18.54 billion in 2022, industry experts anticipate a substantial growth, projecting the market to reach US$ 24.90 billion by 2029, propelled by a commendable CAGR of 4.3%.
Navigating Crop Challenges:
Crop damage due to fungi has long been a global concern, with pathogens like viruses, nematodes, and bacteria wreaking havoc on agricultural yields. Fungicides, a vital component of plant protection alongside herbicides and insecticides, combat fungal diseases by suppressing or eliminating the causative agents. Vascular fungal crop diseases like Fusarium and Verticillium wilt are primary targets for fungicide intervention.
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Fungicides Market Overview:
Maximize Market Research has unveiled a highly informative report on the Fungicides Market. The research adopts a comprehensive and basic approach to analysing the market, taking into account subjective factors that can offer readers vital business perspectives. The report's market overview lets stakeholders explore the value chain structure, geographical analysis, applications, market size, and forecast.
Fungicides Market Report Scope and Research Methodology:
The report primarily focuses on identifying major companies' key drivers and restraints, alongside a comprehensive evaluation of current competitive benchmarking and development prospects. The report offers a detailed analysis of the Fungicides market trends, future insights, and recent market changes, encompassing demand chain, supply chain, and sales aspects. The report also includes vital information such as Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product in the Fungicides market research.
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Fungicides 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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Fungicides Market Key Players are:
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
Key questions answered in Fungicides Market are:
- What is the current growth rate of the Fungicides Market?
- Who are the key players in the Fungicides Market?
- What are the factors affecting growth in the Fungicides Market?
- What are the global trends in the Fungicides Market?
- What is the expected demand for different types of products in the Fungicides Market during the forecast period?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Fungicides Market Regional Insights:
In-depth assessment of the growth trend is done in the global Fungicides market report according to regions. The report strategically segments the major regions, such as North America, Asia Pacific, Europe, South America, and the Middle East and Africa, all of which play a pivotal role in shaping the Fungicides market at a global level.
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