Global Fungicides Market - Increasing Consumer Awareness About Pesticide Consumption

26 Feb, 2016, 09:10 ET from Research and Markets

DUBLIN, February 26, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/7vnpq8/global_fungicides) has announced the addition of the "Global Fungicides Market - Growth, Trends And Forecasts (2015 - 2020)" report to their offering. 
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The global market for synthetic fungicides is projected to reach $19036.77 million by 2020, growing at CAGR of 5.57% during 2015-2020. 

Fungicide utilization has grown substantially in a variety of crops, with corn being a primary consumer. This has been necessitated due to a variety of factors, such as increase in the market price of corn, growth in foliar diseases and availability of new fungicides for use on field crops, to name a few. 

Factors driving the markets for fungicides include decreasing arable land, increasing population and the requirement of improving crop yields. On the other hand, regulatory authorities such as EPA (Environment Protection Agency) frequently come up with stringent laws related to curbing pesticide use for alleviating environmental damage and increasing consumer awareness about pesticide consumption, which is expected to be instrumental in slowing down growth in demand for fungicides. 

The use of Fungicides in terms of volume witnessed sharp increases in cereal crops for major regions due to extended winter months, with Asia-Pacific leading the way in terms of fastest growth. The protracted winter season in North America has also played its part in boosting sales of Fungicides in the region. Though North America would remain the largest market with a projected global share of 34.4%, Asia-Pacific's demand is expected to surpass other regions by posting a CAGR of 7.3%. 

Companies Mentioned:  

  • Adama Agricultural Solutions Ltd
  • American Vanguard Corporation
  • Arysta LifeScience
  • BASF SE
  • Bayer CropScience AG
  • Bioworks Inc
  • Cheminova A/S
  • Chemtura AgroSolutions
  • Dow AgroSciences LLC
  • DuPont
  • FMC Corporation
  • IsAgro Spa
  • Ishihara Sangyo Kaisha Ltd
  • Marrone Bio Innovations Inc
  • Monsanto Company
  • Natural Industries -Novozymes
  • Nufarm Ltd
  • Syngenta International AG
  • Valent Biosciences Corp

Key Topics Covered: 

1. Introduction

2. Key Findings of the Study

3. Market Overview 

4. Market Dynamics

5. Market Segmentation 

For more information visit http://www.researchandmarkets.com/research/7vnpq8/global_fungicides


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SOURCE Research and Markets