Global Fungicides Market is expected to reach USD 17,210.8 million by 2022, at a CAGR of 5.0% during the forecast period of 2017 to 2022.
Following an extensive research on fungicides and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, trends, and opportunities, listed in the market dynamics segment. The reduction in fertile and arable land, improving resistance to fungi, increasing crop losses due to fungi, advancement in agricultural technologies and practices, growing need of higher crop quality and yield, and increasing post-harvest losses are the key drivers covered in the report which will support the industry growth in the forecast period. However, stringent regulations for food safety and quality, increasing awareness regarding the side-effects of crop protection chemicals, increasing cases of soil toxicity, and lengthy product registration process are the major factors restraining growth of this market to some extent.
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The global fungicides market is mainly segmented by type, by mode of action, by formulation, and by mode of application. On the basis of type, the market is segmented as chemical and biological, wherein chemical fungicides segment is further divided into triazoles, strobilurins, chloronitriles, dithiocarbamates, phenlyamides, benzimidazoles, and others; on the basis of mode of action, the market is divided into selective and non-selective herbicides; on the basis of formulation, the market is divided into the liquid form and solid form; and on the basis of mode of application, the market is segmented as spraying, dusting, seed treatment, soil treatment, volatilization, post-harvest, and others. The report further gives an extensive outlook on application of fungicides on various crops. These crop types include cereals & grains, oilseeds & pulses, fruits & vegetables, turf & ornamentals, and other crops. The crop type segment further briefly explains the trends impacting the growth of these markets and the benefits involved with the use of fungicide on these crops to increase the crop yield and quality.
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Geographically, the global fungicides market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. These regions are further analyzed at a country level with the detailed qualitative and quantitative analysis. Latin America accounted for the major share in the global fungicides market in 2016, followed by Asia-Pacific and Europe region. The geographical analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. The geographical analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2014-2017). The study has also incorporated the detailed profiles of 13 top market players across the value chain of the industry, including detailed financial performance, product offerings, and strategic growth initiatives of each player.
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The key players in the global fungicides market are Drexel Chemical Company, Monsanto Company, Biostadt India Limited, Arysta LifeScience Corporation, FMC Corporation, Syngenta, BASF SE, Bayer Crop Science Ag, E.I. Dupont Nemours and Company, Sumitomo Chemical Co. Ltd., Nufarm Limited, The Dow Chemical Company, Adama Agricultural Solutions Ltd., Heranba Industries Ltd., and UPL Limited.
Scope of the Report:
Market by Type:
ChemicalBiologicalMarket by Crop Type:
Cereals and GrainsOilseeds and PulsesFruits and VegetablesTurfs and OrnamentalsOthersMarket by Application:
SprayingDustingSeed TreatmentSoil TreatmentPost-HarvestVolatilizationOthersMarket by Geography:
North AmericaU.S.CanadaMexicoEuropeFranceGermanyItalySpainUKRest of EuropeAsia-PacificChinaJapanIndiaAustraliaRest of Asia-PacificRest of WorldLatin AmericaBrazilArgentinaChileEcuadorPeruColombiaUruguayVenezuelaRest of LATAMMiddle-East & Africa Key questions answered in the report:
Increasing demand for higher crop quality and yield drive the adoption of fungicides
How does the adoption of fungicide in cereals & grains differ from the adoption in fruits and vegetables?What impact does this have on the adoption of fungicides in comparison to other pesticides?Which are the high growth market segments in terms of type, mode of action, mode of application, crop type and regions/countries for cereals & grains?Volatilization account for a relatively small proportion of all applications of fungicides globally
What factors contribute to the infrequent usage of fungicides by the volatilization mode of application?Conversely, which geographic segment is expected to experience the fastest growth for volatilization application?The Asia-Pacific fungicides market favors both larger and local manufacturers that compete in multiple segments
What are the top competitors in this market and what strategies do they employ to gain shares?What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?What strategies should new companies looking to enter this market use to compete effectively?What are the major drivers, restraints, opportunities, and trends in the global fungicides market?Who are the major players in various countries and what share of the market do they hold?What are the geographical trends and high growth regions/ countries?Recent partnerships, acquisitions, and expansions have taken place in the fungicides space
What companies have recently merged/acquired and how will these unions affect the competitive landscape of the fungicide space?What companies have created partnerships and how will these partnerships promote a competitive advantage?Who are the major players in the global fungicides market and what share of the market do they hold?What are the local emerging players in the global fungicides market and how do they compete with the global players?