Fungicides Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 – 2020 and Forecast 2021 – 2027

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Fungicides Market: By Product Type (Dithiocarbamates, Chloronitriles, Triazoles, Benzimidazoles, Phenylamides, Strobilurins), By Crop Type (Oilseeds and pulses, Cereals and grains, Forage crops and pastures, Others), By Formulation Type (Water-dispersible granules, Liquid, Wettable granules), By Application (Soil treatment, Seed treatment, Foliar spray, Post-harvest), and Geography

 

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Report

Description

The global fungicides market size valued at USD 16.84 billion in 2020 and expected to reach USD 22.12 billion by 2027, at a CAGR of 4.34% during forecast period 2021-2027. Fungicides are the 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 cultivation wheat, maize, rice, soybean, fruits & vegetables, and sugarcane among others. Fungicides help in the crop protection and gives the better quality products with higher yield. Fungicides are classified into either selective to cure specific fungicides or non-selective with the broad spectrum activity and show activity against multiple fungal diseases. Sulfur is the common active ingredient used in the fungicides and the most commonly used fungicides include mancozeb, prochloraz, propiconazole, and chlorothalonil among others. Fungicides market is growing moderate rate over the forecast period due to advancements in the seed technology, which might lag the revenue growth of fungicides market. Farmers are majorly focusing to improve the crop yield due to rise in global population coupled with 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 fungicides 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 fungicides market. For instance, in April 2014, Sumitomo Corporation acquired crop protection fungicide Metominostorbin, a broad-spectrum systemic fungicide from Bayer Crop Science Japan. Furthermore, in September 2015, Dupont received EPA approval for the oxathiapiproline, a fungicide used in fruits and vegetable crops marketed under the trade name of Zorvec.

Fungicides Market

MARKET SUMMARY
-
4.34% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 4.34%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Fungicides Market

  • The report on global fungicides market gives historical, current and future market sizes (US$ Bn) based on product type, crop type, formulation type, application and region.
  • fungicides market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • BASF SE
  • Monsanto Company
  • Bayer CropScience AG
  • Nufarm Ltd.
  • Syngenta AG
  • Sumitomo Corporation
  • FMC Corporation
Fungicides Market

Drivers And Restraints

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 fungicides 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 fungicides market over the forecast period.


North-America got significant share

Fungicides Market

Geographically, fungicides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America fungicides 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 fungicides market in North America region. Europe fungicides 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 fungicides 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In April 2017, Syngenta launched Aprovia, a fungicide used for controlling the foliar disease in potatoes
  • In January 2017, Mitsui & Co. Ltd. inked an agreement with Monsanto Company to acquire global business of Monsanto’s latitude, a wheat seed treatment fungicide

Key

Fungicides Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

1. Executive Summary
2. Fungicides Market Introduction
2.1. Fungicides Market – Taxonomy
2.2. Fungicides Market –Definitions
2.2.1. Product Type
2.2.2. Crop Type
2.2.3. Formulation Type
2.2.4. Mode of Application
3. Fungicides Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Fungicides Market Dynamic Factors – Impact Analysis
3.6. Fungicides Market – Regulations
3.6.1. U.S.
3.6.2. Europe
3.7. Fungicides Market – Recent Product Introductions
4. Fungicides Market Analysis, (2015 – 2019) and Forecast (2020 – 2026)
4.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Oppurtunity Analysis
5. Fungicides Market, By Product Type, (2015 – 2019) and Forecast (2020 – 2026)
5.1. Dithiocarbamates
5.1.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
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, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
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, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
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, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
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, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
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, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
6. Fungicides Market Forecast, By Crop Type, (2015 – 2019) and Forecast (2020 – 2026)
6.1. Oil Seeds and Pulses
6.1.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Cerals and Grains
6.2.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Forge Crops and Pastures
6.3.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
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, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Fungicides Market Forecast, By Formulation Type, (2015 – 2019) and Forecast (2020 – 2026)
7.1. Water-dispersible granules
7.1.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Liquid
7.2.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Wettable granules
7.3.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Fungicides Market Forecast, By Mode of Application, (2015 – 2019) and Forecast (2020 – 2026)
8.1. Soil Treatment
8.1.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Seed Treatment
8.2.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Foliar spray
8.3.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Post-harvest
8.4.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
9. Fungicides Market Forecast, By Region, (2015 – 2019) and Forecast (2020 – 2026)
9.1. North America
9.1.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
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, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
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
9.3.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, (2015 – 2019) and Forecast (2020 – 2026) (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Fungicides Market – Opportunity Analysis Index, By Product Type, By Crop Type, By Formulation Type, Mode of Application and Region, 2018 – 2024
10. North America Fungicides Market Analysis, (2015 – 2019) and Forecast (2020 – 2026)
10.1. Drug Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), 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 (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Oil Seeds and Pulses
10.2.2. Cerals and Grains
10.2.3. Forge Crops and Pastures
10.2.4. Others
10.3. Formulation Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Water-dispersible granules
10.3.2. Liquid
10.3.3. Wettable granules
10.4. Mode of Application Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Triazoles
10.4.2. Benzimidazoles
10.4.3. Phenylamides
10.4.4. Strobilurins
10.5. Country Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. U.S.
10.5.2. Canada
10.6. North America Fungicides Market – Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, (2015 – 2019) and Forecast (2020 – 2026)
10.7. North America Fungicides Market Dynamics – Trends
11. Europe Fungicides Market Analysis, (2015 – 2019) and Forecast (2020 – 2026)
11.1. Drug Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), 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 (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Oil Seeds and Pulses
11.2.2. Cerals and Grains
11.2.3. Forge Crops and Pastures
11.2.4. Others
11.3. Formulation Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Liquid
11.3.2. Dry
11.4. Formulation Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)Triazoles
11.4.1. Water-dispersible granules
11.4.2. Liquid
11.4.3. Wettable granules
11.5. Mode of Application Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)Triazoles
11.5.1. Soil treatment
11.5.2. Seed treatment
11.5.3. Foliar spray
11.5.4. Post-harvest
11.6. Country Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. Germany
11.6.2. UK
11.6.3. France
11.6.4. Spain
11.6.5. Italy
11.6.6. Russia
11.6.7. Poland
11.6.8. Rest of Europe
11.7. Europe Fungicides Market – Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, (2015 – 2019) and Forecast (2020 – 2026)
11.8. Europe Fungicides Market Dynamics – Trends
12. Asia-Pacific Fungicides Market Analysis, (2015 – 2019) and Forecast (2020 – 2026)
12.1. Drug Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), 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 (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Oil Seeds and Pulses
12.2.2. Cerals and Grains
12.2.3. Forge Crops and Pastures
12.2.4. Others
12.3. Formulation Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Liquid
12.3.2. Dry
12.4. Formulation Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Water-dispersible granules
12.4.2. Liquid
12.4.3. Wettable granules
12.5. Formulation Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.5.1. Soil treatment
12.5.2. Seed treatment
12.5.3. Foliar spray
12.5.4. Post-harvest
12.6. Country Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Japan
12.6.2. China
12.6.3. India
12.6.4. ASEAN
12.6.5. Australia & New Zealand
12.6.6. Rest of Asia-Pacific
12.7. Asia-Pacific Fungicides Market – Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, 2018 – 2024
12.8. Asia-Pacific Fungicides Market Dynamics – Trends
13. Latin America Fungicides Market Analysis, (2015 – 2019) and Forecast (2020 – 2026)
13.1. Drug Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), 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 (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Oil Seeds and Pulses
13.2.2. Cerals and Grains
13.2.3. Forge Crops and Pastures
13.2.4. Others
13.3. Formulation Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Water-dispersible granules
13.3.2. Liquid
13.3.3. Wettable granules
13.4. Formulation Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), 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 (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Venezuela
13.5.5. Rest of Latin America
13.6. Latin America Fungicides Market – Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, (2015 – 2019) and Forecast (2020 – 2026)
13.7. Latin America Fungicides Market Dynamics – Trends
14. Middle East and Africa Fungicides Market Analysis, (2015 – 2019) and Forecast (2020 – 2026)
14.1. Drug Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Dithiocarbamates
14.1.2. Chloronitriles
14.1.3. Benzimidazoles
14.1.4. Phenylamides
14.1.5. Strobilurins
14.2. Crop Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. Oil Seeds and Pulses
14.2.2. Cerals and Grains
14.2.3. Forge Crops and Pastures
14.2.4. Others
14.3. Formulation Type Analysis (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.3.1. Water-dispersible granules
14.3.2. Liquid
14.3.3. Wettable granules
14.4. Mode of Application (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn), 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 (2015 – 2019) and Forecast (2020 – 2026) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA Fungicides Market – Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, 2018 – 2024
14.7. MEA Fungicides Market Dynamics – Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, 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. Key Assumptions and Acronyms


Report

Company Profile

  • 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)

Description

The global fungicides market size valued at USD 16.84 billion in 2020 and expected to reach USD 22.12 billion by 2027, at a CAGR of 4.34% during forecast period 2021-2027. Fungicides are the 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 cultivation wheat, maize, rice, soybean, fruits & vegetables, and sugarcane among others. Fungicides help in the crop protection and gives the better quality products with higher yield. Fungicides are classified into either selective to cure specific fungicides or non-selective with the broad spectrum activity and show activity against multiple fungal diseases. Sulfur is the common active ingredient used in the fungicides and the most commonly used fungicides include mancozeb, prochloraz, propiconazole, and chlorothalonil among others. Fungicides market is growing moderate rate over the forecast period due to advancements in the seed technology, which might lag the revenue growth of fungicides market. Farmers are majorly focusing to improve the crop yield due to rise in global population coupled with 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 fungicides 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 fungicides market. For instance, in April 2014, Sumitomo Corporation acquired crop protection fungicide Metominostorbin, a broad-spectrum systemic fungicide from Bayer Crop Science Japan. Furthermore, in September 2015, Dupont received EPA approval for the oxathiapiproline, a fungicide used in fruits and vegetable crops marketed under the trade name of Zorvec.

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