Global Fungicides is projected to grow at a CAGR over 5.4% during the period 2017-2023


Posted April 25, 2018 by chitradeo00777

Fungicides are a class of pesticides, which primarily consists of biological organisms or chemical compounds.
 
Market Definition:
Fungicides are a class of pesticides, which primarily consists of biological organisms or chemical compounds. They are widely used in the agricultural segment, which help to restrict the fungal diseases by inhibiting or killing the fungus responsible for the crop disease. The most commonly used active ingredient for fungicides preparation is sulfur. The most common chemical fungicides available in market includes: Dithiocarbamates, Phenylamides, Benzimidazoles, Triazoles, Chloronitriles, Strobilurins and others.
Market Scenario:
The amount of crop-loss due to fungal infections is increasing rapidly, which is a huge concern among the farmers and crop producers. This has increased the demand for fungicides, which help in providing adequate disease control support and increasing crop productivity. Additionally, rising demand for organic fruits, vegetables, cereals, and pulses is projected to drive the growth of fungicides market over the review period.

Moreover, growing demand for organic fruits & vegetables and their awareness towards health is boosting the fungicides market growth. Furthermore, high acceptance for integrated pest management (IPM) by the crop cultivator’s is adding fuel to the growth of the fungicides market. However, toxicity caused due the consumption of fungicides and stringent laws in the use of certain fungicides for crop production may hinder the market growth over the review period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 5.4% of fungicides market during the forecast period 2017-2023.

Receive a Sample Report@ https://www.marketresearchfuture.com/sample_request/4832

Key Players:

Some of the key players profiled in the global fungicides market: BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), FMC Corporation (U.S.), Sumitomo Chemical Co., Ltd. (Japan), Adama Agricultural Solutions Ltd. (Israel), Bayer CropScience AG (Germany), DowDuPont Inc. (U.S.), Bioworks, Inc.(U.S.), Certis U.S.A. LLC (U.S.), Monsanto Company (U.S.)

Key Findings

High demand for organic food products has surged the global market of bio-fungicides

Bio-fungicides have a massive opportunity in the pesticides industry

Intended Audience

Fungicides manufacturers

Raw material suppliers

Fertilizer manufacturers

Retailers and wholesaler

E-commerce industry

Traders, importers, and exporters

Segments:

Fungicides are segmented on the basis of type, which includes chemical fungicides, bio-fungicides, and others. Among both, triazoles holds the major market share followed by strobilurins in the chemical fungicides segment. The primary reason for the growth of triazoles is their extensive use for the prevention of soybean rust, which is considered to be a fungal pathogen. However, high demand for bio-fungicides in crop protection is projected to uplift the market of fungicides at global level in the review period.



On the basis of mode of treatment, the fungicides market is segmented into seed treatment, soil treatment, and others. The seed treatment segment is dominating the market owing to ease of fungicides use on seeds by spraying technique. Furthermore, spraying of fungicides on fruits, stems and leaves is also easy.



On the basis of the form, the fungicides market is segmented into powder, liquids, and others. The liquid form is dominating in this segment owing to its easy use.



On the basis of application, the fungicides market is segmented in fruits and vegetables, cereals and pulses, oilseeds and grains, and others. Among all the applications, fruits and vegetables segment is dominating the market owing to increasing health awareness regarding organic fruits & vegetables in the population. However, the demand for cereals and pulses is predicted to experience a high growth owing to health benefits associated with the consumption of organic pluses and cereals.

Access Report Details @ https://www.marketresearchfuture.com/reports/fungicides-market-4832

Regional Analysis:
The global fungicides market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe is dominating the global fungicides market followed by Asia Pacific. Germany accounts for a higher use of fungicides for protection of fruits and vegetables from fungal diseases owing to increasing awareness about the benefits of using fungicides. Furthermore, high demand for organic fruits and vegetables from the farmers is considered to be key driving factor in this region.

Furthermore, increasing consumer awareness and growing demand for organic fruits, vegetables, cereals and pulses has uplifted the demand for fungicides in Asia Pacific countries like India, China and Japan. Thus, it is expected to boost the growth of the fungicides market during the review period. Additionally, regulatory approval for the use of fungicides on commercial products and government initiative for creating awareness about the accurate use of fungicide among farmers for high crop yield is projected to raise the growth of the fungicides market.


About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Dipak
Phone +916468459312
Business Address WantStats Research and Media Pvt. Ltd.
https://www.marketresearchfuture.com
Country India
Categories Advertising , Food , Nutrition
Tags analysis , fungicides , market
Last Updated April 25, 2018