Fungicides Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global fungicides market is poised for substantial growth, with a projected valuation of US$ 29 billion by 2031, up from its current size of US$ 19 billion. This expansion represents a compound annual growth rate (CAGR) of 6% during the period from 2024 to 2031.

Product Overview

Fungicides, a type of pesticide designed to combat fungi and fungi spores, play a pivotal role in safeguarding crops in the agricultural sector. They are instrumental in preventing damage caused by fungal attacks, resulting in higher crop yields and improved crop quality. Fungicides also find application in controlling fungal infections in animals.

The choice of fungicide varies depending on the type of crop, with translaminar, systemic, and contact fungicides being among the available options. These fungicides contain active ingredients such as chlorothalonil, mancozeb, prochloraz, propicanazole, prochloraz, and propicanazole, to name a few. Sulfur is a commonly used active ingredient in many fungicides. However, it's worth noting that certain fungicides pose health risks to humans, and regulatory measures in different countries may impact the global fungicides market's growth, albeit moderately, in the near future.

Factors Driving Market Growth

Growing Demand for Fungicides for Crop Protection: Increasing global demand for fungicides reflects the necessity to protect crops, ensuring higher yields, especially in the face of shrinking arable land and a rising need for food production.
Increasing Global Population Demanding More Food Products: The surge in the global population has led to heightened demand for food products to meet the daily requirements of a growing populace.
Rising Diseases in Agriculture Driving Sales of Fungicides: The need to combat various plant diseases has become increasingly important, further driving demand for fungicides. Moreover, the development of innovative organic fungicides offers industry players a competitive edge while delivering effective solutions to consumers.

Market Restraints

Technological Advancements in Seeds Limiting Use of Fungicides: Ongoing advancements in seed technology are reducing the demand for fungicides, as genetically modified crops gain prominence in agriculture.

Regional Focus

Among the six regional markets, East Asia holds the largest share in the global fungicides market, primarily driven by the proliferation of large agricultural businesses in the region. China is expected to maintain a dominant position in the global market in the near future.

European countries are anticipated to increase their use of fungicides due to stringent regulatory authorities, emphasizing the importance of crop protection.

The Middle East & Africa region is set to exhibit significant growth opportunities as the consumption of fungicides rises in the coming years.

Key Players

Prominent players in the global fungicides market include BASF SE, Bayer AG, Syngenta AG, The Dow Chemical Company, E.I. Dupont De Nemours & Company, Cheminova A/S, Nufarm Ltd, and Chemtura Corporation.

Fungicides Industry Research by Category

By Type:

Benzimidazoles
Triazoles
Dithiocarbamates
Chloronitriles
Phenylamides
Strobilurins
Others

By Crop Type:

Fruits
Vegetables
Cereals and Grains
Oilseeds
Others

By Region:

North America
Europe
Latin America
East Asia
The Middle East & Africa
South Asia & Pacific

1. Executive Summary

1.1. Global Fungicides Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2023

3.1. Global Fungicides, Production Output, by Region, 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Global Fungicides Market Outlook, 2018 - 2031

4.1. Global Fungicides Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Benzimidazoles
  - 4.1.1.2. Triazoles
  - 4.1.1.3. Dithiocarbamates
  - 4.1.1.4. Chloronitriles
  - 4.1.1.5. Phenylamides
  - 4.1.1.6. Strobilurins
  - 4.1.1.7. Miscellaneous
4.2. Global Fungicides Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Fruits
  - 4.2.1.2. Vegetables
  - 4.2.1.3. Cereals and Grains
  - 4.2.1.4. Oilseeds
  - 4.2.1.5. Miscellaneous
4.3. Global Fungicides Market Outlook, by Region, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. North America
  - 4.3.1.2. Europe
  - 4.3.1.3. Asia Pacific
  - 4.3.1.4. Latin America
  - 4.3.1.5. Middle East & Africa

5. North America Fungicides Market Outlook, 2018 - 2031

5.1. North America Fungicides Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Benzimidazoles
  - 5.1.1.2. Triazoles
  - 5.1.1.3. Dithiocarbamates
  - 5.1.1.4. Chloronitriles
  - 5.1.1.5. Phenylamides
  - 5.1.1.6. Strobilurins
  - 5.1.1.7. Miscellaneous
5.2. North America Fungicides Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Fruits
  - 5.2.1.2. Vegetables
  - 5.2.1.3. Cereals and Grains
  - 5.2.1.4. Oilseeds
  - 5.2.1.5. Miscellaneous
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. North America Fungicides Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S. Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. U.S. Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. Canada Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. Canada Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Fungicides Market Outlook, 2018 - 2031

6.1. Europe Fungicides Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Benzimidazoles
  - 6.1.1.2. Triazoles
  - 6.1.1.3. Dithiocarbamates
  - 6.1.1.4. Chloronitriles
  - 6.1.1.5. Phenylamides
  - 6.1.1.6. Strobilurins
  - 6.1.1.7. Miscellaneous
6.2. Europe Fungicides Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Fruits
  - 6.2.1.2. Vegetables
  - 6.2.1.3. Cereals and Grains
  - 6.2.1.4. Oilseeds
  - 6.2.1.5. Miscellaneous
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Europe Fungicides Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. Germany Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. U.K. Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. U.K. Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. France Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. France Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. Italy Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. Italy Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Turkey Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Turkey Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Russia Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Russia Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.13. Rest of Europe Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.14. Rest of Europe Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Fungicides Market Outlook, 2018 - 2031

7.1. Asia Pacific Fungicides Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Benzimidazoles
  - 7.1.1.2. Triazoles
  - 7.1.1.3. Dithiocarbamates
  - 7.1.1.4. Chloronitriles
  - 7.1.1.5. Phenylamides
  - 7.1.1.6. Strobilurins
  - 7.1.1.7. Miscellaneous
7.2. Asia Pacific Fungicides Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Fruits
  - 7.2.1.2. Vegetables
  - 7.2.1.3. Cereals and Grains
  - 7.2.1.4. Oilseeds
  - 7.2.1.5. Miscellaneous
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Asia Pacific Fungicides Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. China Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. China Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Japan Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Japan Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. South Korea Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. South Korea Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. India Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. India Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.9. Southeast Asia Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.10. Southeast Asia Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.11. Rest of Asia Pacific Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.12. Rest of Asia Pacific Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Fungicides Market Outlook, 2018 - 2031

8.1. Latin America Fungicides Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Benzimidazoles
  - 8.1.1.2. Triazoles
  - 8.1.1.3. Dithiocarbamates
  - 8.1.1.4. Chloronitriles
  - 8.1.1.5. Phenylamides
  - 8.1.1.6. Strobilurins
  - 8.1.1.7. Miscellaneous
8.2. Latin America Fungicides Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Latin America Fungicides Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Brazil Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. Brazil Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. Mexico Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. Mexico Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Argentina Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Argentina Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Rest of Latin America Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Rest of Latin America Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Fungicides Market Outlook, 2018 - 2031

9.1. Middle East & Africa Fungicides Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Benzimidazoles
  - 9.1.1.2. Triazoles
  - 9.1.1.3. Dithiocarbamates
  - 9.1.1.4. Chloronitriles
  - 9.1.1.5. Phenylamides
  - 9.1.1.6. Strobilurins
  - 9.1.1.7. Miscellaneous
9.2. Middle East & Africa Fungicides Market Outlook, by Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Fruits
  - 9.2.1.2. Vegetables
  - 9.2.1.3. Cereals and Grains
  - 9.2.1.4. Oilseeds
  - 9.2.1.5. Miscellaneous
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Middle East & Africa Fungicides Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. GCC Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.2. GCC Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.3. South Africa Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.4. South Africa Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.5. Egypt Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.6. Egypt Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.7. Nigeria Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.8. Nigeria Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.9. Rest of Middle East & Africa Fungicides Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.10. Rest of Middle East & Africa Fungicides Market Crop Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. Purity vs Crop Type Heatmap
10.2. Manufacturer vs Crop Type Heatmap
10.3. Company Market Share Analysis, 2022
10.4. Competitive Dashboard
10.5. Company Profiles
- 10.5.1. BASF SE
  - 10.5.1.1. Company Overview
  - 10.5.1.2. Product Portfolio
  - 10.5.1.3. Financial Overview
  - 10.5.1.4. Business Strategies and Development
- 10.5.2. FUCHS
- 10.5.3. Bayer AG
- 10.5.4. Syngenta AG
- 10.5.5. The Dow Chemical Company
- 10.5.6. E.I. Dupont De Nemours & Company
- 10.5.7. Cheminova A/S
- 10.5.8. Nufarm Ltd.
- 10.5.9. Chemtura Corporation
- 10.5.10. UPL Limited
- 10.5.11. Sumitomo Chemical Co., Ltd.
- 10.5.12. NIPPON Soda Co., Ltd.
- 10.5.13. Marrone Bio Innovations, Inc.
- 10.5.14. Certis U.S.A. L.L.C.
- 10.5.15. Gowan Company, L.L.C.
- 10.5.16. Biostadt India Limited

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations