Market Size of china fungicide Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 1.29 Billion |
|
|
Market Size (2029) | USD 1.59 Billion |
|
Largest Share by Application Mode | Foliar |
|
|
CAGR (2024 - 2029) | 4.16 % |
|
|
Fastest Growing by Application Mode | Foliar |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
China Fungicide Market Analysis
The China Fungicide Market size is estimated at 1.29 billion USD in 2024, and is expected to reach 1.59 billion USD by 2029, growing at a CAGR of 4.16% during the forecast period (2024-2029).
1.29 Billion
Market Size in 2024 (USD)
1.59 Billion
Market Size in 2029 (USD)
1.92 %
CAGR (2017-2023)
4.16 %
CAGR (2024-2029)
Largest Segment by Application Mode
60.20 %
value share, Foliar, 2023
Effectiveness in controlling fungal diseases by directly targeting them with rapid action and advancements in foliar equipment enhance the foliar fungicide application.
Largest Segment by Crop Type
51.97 %
value share, Grains & Cereals, 2023
Grains and cereals occupy higher cultivation areas and are prone to more yield losses by diseases like stripe rust, powdery mildew, rice blast, and increasing fungicide usage.
Fastest-Growing Segment by Crop Type
4.37 %
Projected CAGR, Fruits & Vegetables, 2024-2029
Growing cultivation areas, rising demand for fresh produce, and increased fungal disease pressure in the fruits and vegetables sector have increased the fungicide adoption rate.
Leading Market Player 1
27 %
market share, Nutrichem Co. Ltd, 2022
Nutrichem's advanced research and development centers and strong product supply capabilities offering various fungicide products have boosted the growth of the fungicides market.
Leading Market Player 2
14.86 %
market share, Syngenta Group, 2022
Gold Ray, Ruizhen, AmiColor, and Amicida are a few of the fungicidal products offered by the company for crops, including soybean, wheat, rice, peanuts, tomato, etc.
Foliar application dominated the Chinese fungicide market owing to its quick action
- China has a well-established fungicide manufacturing industry, with several domestic companies producing fungicide formulations and active ingredients. Major fungicide classes used in China include triazoles, strobilurins, benzimidazoles, dithiocarbamates, and quinone outside inhibitors (QoIs). These fungicides have different modes of action and target specific fungal pathogens. China accounted for 38.7% of the Asia-Pacific fungicide market in 2022.
- Foliar application dominated the Chinese fungicide market and accounted for a share of 60.2% in 2022. Fungicides applied in foliar can provide rapid action against fungal pathogens. They are typically formulated to have quick absorption and translocation properties within the plant. This allows the fungicide to reach the affected tissues and inhibit or kill the fungi, reducing disease progression and preventing further damage.
- Seed treatment accounted for 14.0% of the Chinese fungicide market in 2022. Fungal infections can weaken and stunt the development of plants. Fungicide seed treatments can help plants maintain their health and vigor by preventing or lowering disease damage. This allows the plants to allocate more energy toward growth and development, leading to healthier and more productive crops. The market value of seed treatment between 2017 and 2022 increased by USD 12.6 million.
- Exports of fungicides from China are also projected to increase by 2026. In 2021, the country exported 110.2 million kg of fungicides. By 2026, exports are projected to reach 125.6 million kg. This factor may further drive the fungicide market, which is anticipated to register a CAGR of 3.7% during the forecast period.
Understand The Key Trends Shaping This Market
