Report Description

Fungicides are chemical formulations used to manage fungal diseases in plants. These can be selective and non-selective based on their targets of activity. Fungicides are available in various formulations that incorporate individual or a blend of active ingredients for specific or broad spectrum activity.

Increasing demand for fungicides in key applications such as fruits & vegetable crops and non-crop applications in turf grass, ornamental plants, etc., is projected to fuel the global fungicide market. Swift growth in global population, especially in developing countries, is anticipated to increase food security concerns. Furthermore, limited availability of arable land raises the need for use of yield enhancing agricultural inputs (including fungicides). This is estimated to drive demand for fungicides across the globe.

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Scope

The fungicides market in North America is estimated to expand at above-average CAGR during the forecast period due to high demand from fruits & vegetables and non-crop applications. Middle East & Africa (MEA) is expected to be the fastest-growing market for fungicides during the forecast period owing to higher focus of market players and international welfare organizations such as UN for investment in the region. Latin America is another major market for fungicides with moderate growth in cereals & grains applications. Europe is a mature market that is anticipated to expand at below average growth rate during the forecast period.

Key Players

Key players include Syngenta, BASF SE, Bayer CropScience, E.I. du Pont de Nemours and Company, Dow AgroSciences LLC, Monsanto Company, Nufarm Limited, Sumitomo Chemical Co., Ltd., ADAMA Agricultural Solutions Ltd. and Cheminova A/S.

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