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Fungicides Market to be worth 19.17 Billion USD by 2022 growing at a CAGR of +4%

Press Release   •   Jan 18, 2017 01:24 EST

The report "Fungicides Market by Type (Benzimidazoles, Dithiocarbamates, Phenylamides, Chloronitriles, Strobilurins, and Triazoles), Crop Type (Cereals & Grains, Oilseeds & Pulses), Form (Liquid, Wettable powder), Mode of Application - Global Forecast to 2022" The global fungicides market is estimated to be valued at USD 14.49 Billion in 2016 and projected to reach USD 19.17 Billion by 2022, at a CAGR of 4.78% from 2016.

This report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global Fungicides Market along with the estimates and forecasts of the revenue and market share analysis.

Browse 65 market data tables and 56 figures spread through 144 pages and in-depth TOC on “Fungicides Market by Type (Benzimidazoles, Dithiocarbamates, Phenylamides, Chloronitriles, Strobilurins, and Triazoles), Crop Type (Cereals & Grains, Oilseeds & Pulses), Form (Liquid, Wettable powder), Mode of Application - Global Forecast to 2022” http://www.rnrmarketresearch.com/fungicides-market-by-type-benzimidazoles-dithiocarbamates-phenylamides-chloronitriles-strobilurins-triazoles-by-crop-type-cereals-grains-oilseeds-pulses-fruits-vegetables-by-geog-market-report.html

The global fungicides market is projected to reach a value of USD 19.17 billion by 2022, growing at a CAGR of 4.78% from 2016. The market is driven by factors such as growth in the crop production, ease of application, increase in need for food security for the increasing population, and rise in preference for fungicides. The change in farming practices (from traditional to conventional), clubbed with advanced technologies and promotion by the governments of many countries across the world also drives the demand for fungicides in the agricultural sector. However, factors such as lack of education and awareness among the farmers and rise in instances of environmental toxicology, are restraining the growth of the fungicides market.

On the basis of type, fungicides have been segmented into benzimidazoles, dithiocarbamates, phenyl amides, chloronitriles, strobilurins, and triazoles. Among these, triazoles accounted for the largest market share in 2015, followed by strobilurins and chloronitriles, respectively. Triazole fungicides have gained a renewed interest, particularly in the U.S. under the threat of Asian soybean rust, a fungal pathogen introduced via South America.

“Foliar spray segment led the market with the largest share in 2015”

On the basis of mode of application, the fungicides market has been segmented into foliar spray, seed treatment, soil treatment, and post-harvest. The market was led by foliar spray followed by soil treatment. Foliar is largely used by farmers because of its high efficiency and ease of use.

“Europe dominated the market with the largest share”

Europe formed the largest market for fungicides in 2015, whereas Asia-Pacific accounted for the second-largest market share in 2015. The global fungicides market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).

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The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on fungicides offered by the top players in the global fungicides market
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the fungicides market
  • Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for fungicides across various regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global fungicides market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global fungicides market.

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From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the fungicides market; high-growth regions; and market drivers, restraints, and opportunities.

The fungicides market is dominated by BASF SE (Germany), Dow AgroSciences LLC (U.S.), Sumitomo Chemical Co., Ltd (Japan), and Bayer CropScience AG (Germany). Other players include Syngenta AG (Switzerland) Nippon Soda Co. Ltd. (Japan) and Nufarm Ltd. (Australia).

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