Fungicides Market Size, Top Companies, Forecast 2024-2032

The latest report by IMARC Group, titled “Fungicides Market Report by Type (Chemical, Biological), Form (Liquid, Dry), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), Mode of Action (Contact, Systemic), Application (Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest), and Region 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global fungicides market report. The global market size reached US$ 19.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.19% during 2024-2032.

Factors Affecting the Growth of the Fungicides Industry:

Technological Advancements:

The fungicide market is significantly influenced by technological advancements in formulation, delivery methods, and application technologies. Additionally, several innovations in fungicide formulations involve developing products that are more effective and selective in targeting specific pathogens while minimizing harm to beneficial organisms. For instance, the creation of systemic fungicides that are absorbed by plants allows for more effective disease control. Moreover, various advances in delivery methods, such as nano-encapsulation and controlled-release systems, enhance the efficiency and longevity of fungicides, reducing the need for frequent applications. Furthermore, advancements in application technologies, such as drone-assisted spraying and precision agriculture techniques, allow for more accurate and efficient distribution of fungicides. These technological improvements increase the effectiveness of disease management and reduce environmental impact and operational costs, thus driving growth in the fungicide market.

Increasing Research and Development Activities:

The ongoing research and development (R&D) activities are crucial in shaping the future of the fungicide industry. Additionally, several investments in R&D focus on discovering new active ingredients and improving the efficacy and safety profiles of existing fungicides. Moreover, researchers aim to develop fungicides that can address emerging and resistant fungal strains by exploring novel chemical compounds and biological agents. Besides this, several advances in genomics and biotechnology are also paving the way for more targeted and sustainable solutions. For instance, the development of fungicides that work in synergy with plant immune systems or the use of microbial agents that naturally combat fungal diseases are emerging trends. These R&D efforts address current agricultural challenges and prepare the industry for future needs, thus driving sustained market growth and innovation.

Changing Consumer Preferences:

Consumer preferences are influencing fungicide usage in agriculture. Additionally, with the growing awareness about health and environmental sustainability, there is a rising demand for organic and sustainably grown produce. This shift is pushing agricultural practices toward more eco-friendly approaches, including the use of organic fungicides. Moreover, organic fungicides, derived from natural sources, offer a way to manage diseases without the synthetic chemicals often associated with conventional products. Furthermore, integrated pest management (IPM) practices, which combine biological, cultural, and mechanical methods with reduced chemical usage, are becoming more popular. This trend toward sustainability and organic farming drives the development of new, less harmful fungicides and encourages the adoption of alternative disease management strategies, reflecting a broader shift in agricultural practices toward sustainability.

Request Sample PDF Report: https://www.imarcgroup.com/fungicides-market/requestsample

Competitive Landscape with Key Player:

American Vanguard Corporation

Atticus, LLC

BASF SE

Bayer AG

Botano Health

Corteva Inc.

FMC corporation

Isagro SpA (Gowan Company LLC)

Marrone Bio Innovations Inc

Nufarm Limited

Sumitomo Chemical Co. Ltd.

Syngenta AG

Terramera Inc

UPL Limited

The report has segmented the market into the following categories:

Type Insights:

Chemical 

Triazoles

Strobilurins

Dithiocarbamates

Chloronitriles

Phenylamides

Others

Biological 

Microbials

Microchemical

Macrobials

Chemicals represent the largest segment due to their effectiveness, wide range of activity, and established usage in agriculture.

Form Insights:

Liquid 

Suspension Concentrates (SC)

Emulsifiable Concentrates (EC)

Soluble Liquid Flowables (SLC)

Dry 

Water Dispersible Granules (WDG)

Wettable Powder (WP)

Liquid accounts for the largest market share as they are preferred for their ease of application, uniform coverage, and rapid absorption by plants.

Crop Type Insights:

Cereals and Grains 

Corn

Wheat

Rice

Others

Oilseeds and Pulses 

Soybean

Cotton

Others

Fruits and Vegetables 

Apple

Pears

Cucumber

Potatoes

Grapes

Others

Others

Cereals and grains dominate market growth as they require extensive fungicide use to protect against common pathogens and maximize yield, driving growth in the fungicide market.

Mode of Action Insights:

Contact

Systemic

Contact holds the largest market share as it acts directly on the surface of plants to prevent fungal infections, making it effective for a broad spectrum of diseases.

Application Insights:

Seed Treatment

Soil Treatment

Foliar Spray

Chemigation

Post-Harvest

Seed treatment represents the largest segment as it is widely used to protect seeds from soil-borne diseases and pests, ensuring better germination and early growth.

Market Breakup by Region:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Asia Pacific’s dominance in the fungicides market is attributed to its extensive agricultural sector, increasing crop production, and widespread adoption of advanced fungicide technologies.

Global Fungicides Market Trends:

At present, the fungicides market has been growing due to increasing agricultural activities, a rising need for food security, and the need to protect crops from fungal diseases. The global population growth and the consequent demand for higher agricultural yields contribute to this trend. There is a noticeable shift toward biological or biopesticide fungicides. These are seen as more sustainable and environmentally friendly compared to traditional chemical fungicides. This shift is driven by increasing awareness about environmental sustainability and the negative impact of chemical residues on health and ecosystems. Furthermore, an increasing emphasis on integrated pest management, which combines chemical, biological, and cultural practices to manage fungal diseases more sustainably. This approach helps reduce the reliance on any single method and minimizes environmental impact across the globe.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145