Fungicides are the type of pesticides that are widely used to kill fungi and fungi spores, control rust, mildew, and blights, and prevent crops from any fungal infection. The rising demand for fungicides is found majorly in high-value crops, such as grapes, pome fruits, cotton, tomato, maize, and other ornamental & vegetable crops, as they help in improving crop quality and yield. The increasing prevalence of various harmful crop diseases, changes in environmental conditions, rising health concerns among farmers, and growing awareness regarding the benefits of using fungicides are driving factors in the fungicides market.
Top Key Players in Fungicides Market:
Sumitomo Chemical Co. Ltd (Japan), PI Industries (India), FMC Corporation (USA), ADAMA Ltd. (Israel), BASF SE(Germany), UPL(India), Bayer AG (Germany), Syngenta AG(Switzerland), The Dow Chemical Company (US), Cheminova A/S(Denmark), Chemtura Corporation (US), Bioworks Inc (United States), American Vanguard Corporation (US) and other major players.
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Fungicides Market:
Drivers:
The upsurge of Several Harmful Diseases
The impact of climate change on global agricultural production is very serious. Any abrupt changes in the climate may have a negative impact on crop production and lead to the emergence of different pests and diseases. Crops are vulnerable to the development of harmful fungal diseases and fungi on the plant as a result of such temperature changes and an increase in atmospheric moisture content. Farmers tend to use fungicides appropriately in order to prevent crop losses caused by fungi. Many different products are used to protect crops from fungal infections and to increase crop yield, including bio fungicides, dithiocarbamate, benzimidazoles, triazoles, and diazoles.
Opportunities:
Application of bio fungicides and Precision Farming
The market for organic products has grown significantly over the past few years, and to meet this demand, growers and manufacturers are leaning toward organic and precision farming methods as well as making the most of bio fungicides for crop growth. Additionally, rapid urbanization is driving a trend toward the use of biological fungicides to maximize crop yields, reduce fungi-related losses, and grow natural, chemical-free goods. Over the projected years, there will likely be lucrative opportunities for the fungicides market due to the increase in demand for bio fungicides and the use of precision farming techniques for better crop quality and yield.
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Segmentation Analysis of the Fungicides Market:
By Type
· Chemical
· Biological
By Crop type
· Cereals and Grains
· Oilseeds and Pulses
· Fruits and Vegetables
By Mode of Application
· Seed treatment
· Foliar spray
· Soil treatment
· Post-harvest
Regional Analysis of the Fungicides Market:
By Region:
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Key Benefits for Industry Participants & Stakeholders:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Fungicides Market
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