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.