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Fungicides Market: By Product Type, By Crop Type, By Formulation Type, By Application, and Region Forecast 2019-2030
Fungicides Market: By Product Type, By Crop Type, By Formulation Type, By Application, and Region Forecast 2019-2030
Fungicides Market size was valued at US$ 17.94 billion in 2023 and is expected to reach US$ 23.12 billion by 2030, at a CAGR of 5.24% from 2024-2030. Fungicides are chemical compounds, which are used to kill the fungi or fungi spores in crops. Fungal infections are a major cause of crop loss and it is a massive threat for the cultivation wheat, maize, rice, soybean, fruits & vegetables, and sugarcane among others. Fungicides help in crop protection and give better quality products with higher yields. Fungicides are classified as either selective to cure specific fungicides or non-selective with broad-spectrum activity and show activity against multiple fungal diseases. Sulfur is the common active ingredient used in fungicides and the most commonly used fungicides include mancozeb, prochloraz, propiconazole, and chlorothalonil among others.
The market is growing moderate rate over the forecast period due to advancements in the seed technology, which might lag the revenue growth of the market. Farmers are majorly focusing on improving crop yield due to the rise in global population coupled with a decrease in arable land. Various agriculture institutes and governments around the globe are taking initiation to create awareness about fungicides usage for crop protection. Moreover, increase in the sale of ornamental plants for outdoor and indoor applications due to increase in the urbanization also expected to fuel the market. In addition, acquisitions and mergers, collaborations, product approvals, and product launchings are the strategies followed by the companies for increasing their revenue share in market. For instance,
Study Period
2024-2030Base Year
2023CAGR
5.24%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Factors anticipated to drive the fungicides market are increase in the demand for crop protection for better yields, increase in global population coupled with increase in the demand for food, and growing use of fungicides due to rise in incidence of fungal infections. Moreover, development in novel farming practices, shrinkage in arable land, and innovation and launching of newer products into market are expected to propel the market revenue over the forecast period. However, technological advancements in the seeds, use of genetically modified crops, adverse effects associated with the fungicides, and lack of awareness about the fungal infections in farmers might hamper the growth of the market over the forecast period.
Geographically, fungicides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America market expected to grow moderately over the forecast period, which is attributed to ban of fungicides by FDA (FDA banned carbendazim due to severe adverse effects such as sterility and cancer in human beings). Rise in R&D for innovation of newer fungicides, frequent product approvals from U.S EPA, and rise in demand for quality food products are anticipated to fuel the market in North America region.
Europe market occupied significant share in global market due to development in the farming techniques, increase in the focus on quality products with better yield, and high adoption of newer products in the region. Asia Pacific market exhibiting significant growth due to increase in production and supplying of fungicides from Asia Pacific region majorly from China, increase in demand for food products and decrease in arable land due to increased population, and high dependence on agriculture farming.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 17.94 billion |
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Market Size in 2030 |
US$ 23.12 billion |
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Market CAGR |
5.24% |
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By Product Type |
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By Crop Type |
|
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By Application |
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By Formulation Type |
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By Region |
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The global fungicides market size was valued at US$ 17.94 billion in 2023 and is projected to grow at a CAGR of 5.24% from 2024 to 2030.
The market key players are: BASF SE (Germany) Monsanto Company (U.S.) Bayer CropScience AG (Germany) Nufarm Ltd. (Australia) Syngenta AG (Switzerland) E.I. DuPont De Nemours & Company (U.S.) Sumitomo Corporation (Japan) FMC Corporation (U.S.) Mitsui & Co., Ltd. (Japan) Nippon Soda Co. Ltd. (Japan) ADAMA agricultural solution ltd. (Israel)
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Fungicides Market Introduction |
| 2.1.Global Fungicides Market - Taxonomy |
| 2.2.Global Fungicides Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Crop Type |
| 2.2.3.Application |
| 2.2.4.Formulation Type |
| 2.2.5.Region |
| 3. Global Fungicides Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Fungicides Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Fungicides Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Dithiocarbamates |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Chloronitriles |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Triazoles |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Benzimidazoles |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Phenylamides |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Strobilurins |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Fungicides Market By Crop Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Oilseeds and pulses |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cereals and grains |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Forage crops and pastures |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Fungicides Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Oilseeds and pulses |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Cereals and grains |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Forage crops and pastures |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Fungicides Market By Formulation Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Water-dispersible granules |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Liquid |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Wettable granules |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9. Global Fungicides Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. North America Fungicides Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Dithiocarbamates |
| 10.1.2.Chloronitriles |
| 10.1.3.Triazoles |
| 10.1.4.Benzimidazoles |
| 10.1.5.Phenylamides |
| 10.1.6.Strobilurins |
| 10.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Oilseeds and pulses |
| 10.2.2.Cereals and grains |
| 10.2.3.Forage crops and pastures |
| 10.2.4.Others |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Oilseeds and pulses |
| 10.3.2.Cereals and grains |
| 10.3.3.Forage crops and pastures |
| 10.3.4.Others |
| 10.4. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Water-dispersible granules |
| 10.4.2.Liquid |
| 10.4.3.Wettable granules |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11. Europe Fungicides Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Dithiocarbamates |
| 11.1.2.Chloronitriles |
| 11.1.3.Triazoles |
| 11.1.4.Benzimidazoles |
| 11.1.5.Phenylamides |
| 11.1.6.Strobilurins |
| 11.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Oilseeds and pulses |
| 11.2.2.Cereals and grains |
| 11.2.3.Forage crops and pastures |
| 11.2.4.Others |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Oilseeds and pulses |
| 11.3.2.Cereals and grains |
| 11.3.3.Forage crops and pastures |
| 11.3.4.Others |
| 11.4. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Water-dispersible granules |
| 11.4.2.Liquid |
| 11.4.3.Wettable granules |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12. Asia Pacific (APAC) Fungicides Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Dithiocarbamates |
| 12.1.2.Chloronitriles |
| 12.1.3.Triazoles |
| 12.1.4.Benzimidazoles |
| 12.1.5.Phenylamides |
| 12.1.6.Strobilurins |
| 12.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Oilseeds and pulses |
| 12.2.2.Cereals and grains |
| 12.2.3.Forage crops and pastures |
| 12.2.4.Others |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Oilseeds and pulses |
| 12.3.2.Cereals and grains |
| 12.3.3.Forage crops and pastures |
| 12.3.4.Others |
| 12.4. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Water-dispersible granules |
| 12.4.2.Liquid |
| 12.4.3.Wettable granules |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13. Middle East and Africa (MEA) Fungicides Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Dithiocarbamates |
| 13.1.2.Chloronitriles |
| 13.1.3.Triazoles |
| 13.1.4.Benzimidazoles |
| 13.1.5.Phenylamides |
| 13.1.6.Strobilurins |
| 13.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Oilseeds and pulses |
| 13.2.2.Cereals and grains |
| 13.2.3.Forage crops and pastures |
| 13.2.4.Others |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Oilseeds and pulses |
| 13.3.2.Cereals and grains |
| 13.3.3.Forage crops and pastures |
| 13.3.4.Others |
| 13.4. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Water-dispersible granules |
| 13.4.2.Liquid |
| 13.4.3.Wettable granules |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14. Latin America Fungicides Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Dithiocarbamates |
| 14.1.2.Chloronitriles |
| 14.1.3.Triazoles |
| 14.1.4.Benzimidazoles |
| 14.1.5.Phenylamides |
| 14.1.6.Strobilurins |
| 14.2. Crop Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Oilseeds and pulses |
| 14.2.2.Cereals and grains |
| 14.2.3.Forage crops and pastures |
| 14.2.4.Others |
| 14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Oilseeds and pulses |
| 14.3.2.Cereals and grains |
| 14.3.3.Forage crops and pastures |
| 14.3.4.Others |
| 14.4. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Water-dispersible granules |
| 14.4.2.Liquid |
| 14.4.3.Wettable granules |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.BASF SE (Germany) |
| 15.2.2.Monsanto Company (U.S.) |
| 15.2.3.Bayer CropScience AG (Germany) |
| 15.2.4.Nufarm Ltd. (Australia) |
| 15.2.5.Syngenta AG (Switzerland) |
| 15.2.6.E.I. DuPont De Nemours & Company (U.S.) |
| 15.2.7.Sumitomo Corporation (Japan) |
| 15.2.8.FMC Corporation (U.S.) |
| 15.2.9.Mitsui & Co., Ltd. (Japan) |
| 15.2.10.Nippon Soda Co. Ltd. (Japan) |
| 15.2.11.ADAMA Agricultural Solution Ltd. (Israel) |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.