Global Fungicide Market
- POSTED ON Wednesday, April 7, 2021
Global Fungicide Market was valued US$ 16.64 Bn in 2019 and is estimated to reach US$ XX Bn by 2027 at a CAGR of about XX % during a forecast.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global fungicide market is segmented based on type, crop type, form, application mode and region. Based on product, fungicide market is classified into benzimidazoles, dithiocarbamates, phenylamides, chloronitriles, strobilurins, and triazoles.
Growing focus on disease control of crops, growing popularity of bio-Based fungicide pesticides, flourishing horticulture industry and adoption of new farming practices are the growth drivers of fungicide market. Awareness regarding food safety and quality, implementation of genetic engineering technology and ban in some region are factors restraining the market. Bio-Based fungicides offers new opportunity for the fungicide market.
Synthetic fungicide leads the market but excessive and improper use of synthetic fungicides is hazardous to the health of humans, animals, and the environment hence is predicted to drop growth of market in forecast period.
Bio-based fungicide will exhibit significant growth due to adverse effect of synthetic fungicide market. Extensive research for environmentally safe and easily biodegradable bio-fungicides is being carried out. Bio-based fungicide are natural in origin, have minimum adverse effects on the physiological processes of plants and are easily convertible into eco-friendly
In terms of crop type, the fungicide market is segmented into cereals & grains, vegetable, fruits and oilseeds & pulses. Cereal & grain segment dominates the fungicide market. Increasing pressure of crop yield to fulfil the population demand drives the market of cereal & grain segment. Vegetable segment is second largest application segment. Fungicides reduce the growth of pathogens so the plant tissues that provide carbohydrates to the grain are protected from damage.
In terms of form, the fungicide market is segmented into Liquid and powder. Liquid form of fungicide leads the market. Liquid fungicide are easy to apply and penetrate. While powder fungicide may contaminate the air and enter into the human body by inhalation during application.
Region wise, the global fungicide market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe held the XX% market share of the fungicide market in 2018 due to the increase in use of fungicides through advanced agricultural techniques and rise in need for food security in the European countries. Increasing population in countries of Asia Pacific. High market penetration by the leading fungicide companies, for enhancing the agricultural growth and productivity, and the decrease in arable land are the main factors influencing the growth of the fungicides market in Asia Pacific.
The objective of the report is to present a comprehensive analysis of Global Fungicide Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Fungicide Market dynamics, structure by analyzing the market segments and project the Global Fungicide Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global Fungicide Market make the report investor’s guide.Scope of the Global Fungicide Market: Inquire before buying
Global Fungicide Market, by Product Type:
• Bio based Fungicide• Synthetic FungicideGlobal Fungicide Market, by Crop Type:
• Cereals & Grains• Oilseeds & Pulses• Vegetable• FruitsGlobal Fungicide Market, by Form:
• Liquid• powderGlobal Fungicide Market, by Region:
• North America• Europe• Asia Pacific• Middle East & Africa• Latin AmericaKey Players analysed in the Global fungicide Market:
• Adama Agricultural Solutions Ltd• American Vanguard Corporation• BASF SE• Bayer Cropscience AG• Bioworks Inc.• Dow Agrosciences LLC• Cheminova A/S• Nufarm Ltd• Syngenta AG• Monsanto• FMC Corporation• Nufarm Ltd• Pesticide Company Consolidations.• Chemtura Corporation• Lanxess AG• Nippon Soda Co. Ltd.• United Phosphorus Ltd.• Pioneer (Dupont)• Sumitomo Chemical• Marrone Bio Innovations (MBI)• Indofil• Adama Agricultural Solutions• Arysta LifeScience• Forward International
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