Global Fungicides Market Study, 2020-2025: Revenue Projections, Growth Opportunities, Lucrative Segments, Leading Player Profiles
Feb 12, 2020, 07:30 ET
DUBLIN, Feb. 12, 2020 /PRNewswire/ -- The "Fungicides Market by Type (Chemical and Biological), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Mode of Action (Contact & Systemic), Mode of Application, Form, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global fungicides market is estimated to be valued at USD 18.7 billion in 2019 and is projected to reach USD 24.5 billion by 2025, recording a CAGR of 4.6%.
Factors such as the changing climatic conditions and the rising demand for high-value crops, particularly fruits & vegetables, are projected to drive the growth of this market. The development of biofungicides with the least or no effect on the environment provides growth opportunities for manufacturers in the fungicides market.
The biological segment is projected to grow at the highest CAGR during the forecast period.
Biological fungicides or biofungicides comprise beneficial microorganisms that are used to control fungal diseases. Many of these beneficial microorganisms are naturally found in the soil. Biofungicides are mostly used before the occurrence of disease. Their efficiency increases if used in combination with good agricultural practices.
Most biological fungicides are labeled for use on edible crops, such as herbs and vegetables. Biological fungicides help in improving the nutrient uptake of certain elements and also can be used in rotation with conventional fungicides to reduce the risk of resistance development.
The cereals & grains segment is projected account for the largest market during the forecast period.
By crop type, the fungicides market is segmented as cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. The dominance of the cereals & grains segment is attributed to the increasing consumption of fungicides for these crops, particularly in the Asian and North American countries.
In addition, due to the increasing demand for crops, such as corn, wheat, rice, and sorghum, across various industries, the consumption of crop protection chemicals is projected to increase for improving the yield of these cereals. Due to these factors, the segment is projected to grow at the highest CAGR during the forecast period.
Asia Pacific held the largest share in the fungicides market for the cereals & grains segment, majorly due to the high production of crops, including corn, wheat, and rice, in countries such as the US, China, India, and Japan.
The liquid segment is projected to grow at the highest CAGR during the forecast period.
By form, the fungicides market is segmented into liquid and dry. Water-based forms such as suspension concentrate and liquid concentrates require the addition of inert ingredients to increase the efficiency of the fungicide. Liquid forms of fungicides increase the phytotoxicity potential of plants, resulting in a wide application of liquid fungicides, globally. Due to these factors, the segment is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific market is estimated to account for the largest market share due to the high adoption of innovative fungicides for improving the yield of crops in the region.
According to the FAOSTAT, the Asia Pacific region contributed to more than 60% of the global population in 2017, with China and India being two of the most populous countries in the world. Hence, the increase in food demand in this region has led to a surge in the use of fungicides.
There are more global players in the market that are focusing on entering the Asia Pacific region through the adoption of strategies, such as mergers & acquisitions or partnerships. The Asia Pacific fungicides market is projected to grow at the highest rate due to the increase in demand from countries such as India and China.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Overview of the Fungicides Market
4.2 Fungicides Market, By Form
4.3 Asia Pacific: Fungicides Market, By Country and Key Crop Type
4.4 Fungicides Market, By Mode of Application and Region
4.5 Fungicides Market: Major Regional Submarkets
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Upsurge in Global Pesticide Consumption
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Changing Climatic Conditions Lead to Crop Disease Outbreaks
5.3.1.2 High Demand for High-Value Crops
5.3.1.3 Growing Launches of Novel Fungicide Products
5.3.2 Restraints
5.3.2.1 Growing Resistance to Fungicides
5.3.2.2 Fungicide Residue Problems
5.3.3 Opportunities
5.3.3.1 Advent of Precision Farming Can Create Opportunities for Foliar Applications
5.3.3.2 Application of Biological Fungicides to Boost the Demand
5.3.4 Challenges
5.3.4.1 Stringent Regulations and Long Duration of New Product Approvals
5.4 Regulatory Framework
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Data Requirements for Plant Protection Products
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Australia
5.4.3.2.1 Approval of Active Constituents for Use in Australia
5.4.3.3 India
5.4.4 Brazil
5.4.5 South Africa
5.5 Patent Analysis
6 Fungicides Market, By Type
6.1 Introduction
6.2 Biological
6.2.1 Microbials
6.2.1.1 Microbials Dominated the Global Biological Fungicides Market
6.2.2 Botanicals
6.2.2.1 North America Led the Botanical Fungicides Market
6.3 Chemical
6.3.1 Triazoles
6.3.1.1 Triazoles Have the Highest Application in Rice Crops
6.3.2 Dithiocarbamates
6.3.2.1 Thiram and Mancozeb are Largely Preferred Among Dithiocarbamate Fungicide Groups
6.3.3 Strobilurins
6.3.3.1 Europe is Estimated to Dominate the Strobilurin Fungicide Market
6.3.4 Phenylamides
6.3.4.1 Systemic Mode of Action Favors the Growth of the Phenylamides Segment
6.3.5 Chloronitriles
6.3.5.1 Low Risk of Resistance Boosts the Consumption of Chloronitriles
6.3.6 Other Chemical Fungicides
7 Fungicides Market, By Crop Type
7.1 Introduction
7.2 Cereals & Grains
7.2.1 Corn
7.2.1.1 Demand for Corn is Increasing in Developing Countries Due to the High Protein Consumption in Emerging Markets
7.2.2 Wheat
7.2.2.1 Europe is the Largest Fungicides Market for Wheat
7.2.3 Rice
7.2.3.1 The Growth of the Rice Segment is Driven By the Growing Adoption of Fungicides in the Asia Pacific Region
7.2.4 Other Cereals & Grains
7.3 Oilseeds & Pulses
7.3.1 Soybean
7.3.1.1 South America is the Largest Consumer of Fungicides for Soybean Cultivation
7.3.2 Cotton
7.3.2.1 Higher Adoption of Fungicides in Cotton is Fueling the Growth of the Market in the Asia Pacific Region
7.3.3 Other Oilseeds & Pulses
7.4 Fruits & Vegetables
7.4.1 Apples
7.4.1.1 Sdhi Chemical-Based Fungicides Provide Essential Nutrients for Better Yield of the Apple Crops
7.4.2 Pears
7.4.2.1 Rising Global Trade of Pears is Expected to Boost the Fungicides Market in Europe
7.4.3 Grapes
7.4.3.1 Europe Dominated the Fungicides Market for Grapes
7.4.4 Cucumbers
7.4.4.1 Steam Canker and Wilt Disease are the Major Causes of Yield Loss in Cucumbers
7.4.5 Potatoes
7.4.5.1 Europe is Projected to Witness A Higher Demand for Fungicides Application in Potatoes
7.4.6 Other Fruits & Vegetables
7.5 Other Crop Types
8 Fungicides Market, By Mode of Application
8.1 Introduction
8.2 Foliar Spray
8.2.1 Foliar Spray Segment Projected to Dominate the Asia Pacific Region During the Forecast Period
8.3 Chemigation
8.3.1 Chemigation Helps in Reducing the Volume of Fungicides Applied Per Acre of Cropland
8.4 Seed Treatment
8.4.1 Seed Treatment With Fungicides Offers Long-Lasting Protection Against Fungal Diseases
8.5 Soil Treatment
8.5.1 Countries in Asia Pacific and RoW Give High Preference for Soil Treatment
8.6 Post-Harvest
8.6.1 High Post-Harvest Loss in the Asia Pacific Region Boosts the Demand for Fungicides
9 Fungicides Market, By Mode of Action
9.1 Introduction
9.2 Contact
9.2.1 Low Risk of Fungal Resistance and Economic Price Drives the Contact Fungicides Market
9.3 Systemic
9.3.1 High Efficacy of Systemic Fungicides to Boost Its Demand
10 Fungicides Market, By Form
10.1 Introduction
10.2 Liquid
10.2.1 Emulsifiable Concentrate
10.2.2 Suspension Concentrate
10.2.3 Soluble Liquid Concentrate
10.3 Dry
10.3.1 Water-Dispersible Granules
10.3.2 Wettable Powder
11 Fungicides Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 South America
11.6 Rest of the World (RoW)
12 Competitive Landscape
12.1 Overview
12.2 Competitive Leadership Mapping
12.2.1 Visionary Leaders
12.2.2 Dynamic Differentiators
12.2.3 Innovators
12.2.4 Emerging Companies
12.3 Competitive Leadership Mapping (Start-Up/SME)
12.3.1 Progressive Companies
12.3.2 Starting Blocks
12.3.3 Responsive Companies
12.3.4 Dynamic Companies
12.4 Market Share Analysis, 2018
12.5 Competitive Scenario
12.5.1 Acquisitions
12.5.2 Expansions & Investments
12.5.3 New Product Launches
12.5.4 Agreements, Collaborations, Approvals & Partnerships
13 Company Profiles
13.1 BASF SE
13.2 Bayer AG
13.3 Corteva Inc.
13.4 Syngenta AG
13.5 FMC Corporation
13.6 UPL Ltd.
13.7 Sumitomo Chemical Co. Ltd.
13.8 Nippon Soda Co. Ltd.
13.9 Isagro S.p.A.
13.10 Nufarm
13.11 ADAMA Agricultural Solutions Ltd.
13.12 Nissan Chemical Corporation
13.13 Marrone Bio Innovations Inc.
13.14 Koppert Biological Systems
13.15 Bioworks, Inc.
13.16 STK Bio-AG Technologies
13.17 Verdesian Life Sciences
13.18 Seipasa S.A.
13.19 Ishihara Sangyo Kaisha Ltd.
13.20 Nutrichem
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