Fungicide Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Origin (Synthetic Fungicides and Bio-fungicides); by Crop Type (Grains and Cereals, Pulses and Oilseed, Fruits and Vegetables, Commercial Crops and Turf and Ornamentals); and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).

Market Snapshot

global fungicides market - summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Africa
Largest Market: Asia Pacific
CAGR: 3 %

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Market Overview

The Global Fungicide Market is anticipated to grow at a CAGR of 3.0% during the forecast period (2020-2025).

  • Factors driving the markets for fungicides include decreasing arable land, increasing population and the requirement of improving crop yields. Resistance of various fungus to the existing fungicides and the emergence of new diseases in plants has urged companies to find novel products to fight the new mutations of fungus and reduce the loss to farmers. The increasing demand for fungicides to fight the diseases in crops, is expected to drive the market during the forecast period.
  • On the other hand, regulatory authorities such as EPA (Environment Protection Agency) frequently come up with stringent laws related to curbing pesticide use for alleviating environmental damage and increasing consumer awareness about pesticide consumption, which is expected to be instrumental in slowing down growth in demand for fungicides.
  • The COVID-19 pandemic forced many companies in the fungicide market to halt their business operations, in order to comply with the new government rulings. This pause in operations is directly impacting the revenue flow of the fungicide market. Manufacturers were affected by the supply chain block of raw materials and intermediates, due to COVID-19. The cost of logistics increased quickly during the initial months of the pandemic. Thus, the ongoing COVID-19 pandemic compelled the companies to rethink their strategies in the industry.

Scope of the Report

The report defines a fungicide as a substance, often a chemical, which is used to kill fungi, fungal spores, and fungal infections. The report presents a wide-range analysis of the market share, size, and trends of the fungicides market. The market operates at a B2C level, and the market sizing has been done at the consumer level. Global fungicide market is segmented by origin into synthetic fungicides and bio-fungicides; by crop type into grains and cereals, pulses and oilseed, fruits and vegetables, turf and ornamentals, and other applications. The market is further fragmented by geography into North America, Europe, Asia-Pacific, South America, and Middle East and Africa.

By Origin
Synthetic
Bio Based
Others
Crop Type
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Turf and Ornamentals
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa

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Key Market Trends

Increasing Demand from Developing Countries

As per the Food and Agriculture Organization, the total arable land for cereals, pulses, fruits, and vegetables is increasing in the region year after year, predominantly denoting the opportunities for the farmers to meet the increasing domestic and international food demand. Hence, in order to protect their crops against various fungal infestations, farmers are adopting the usage of fungicides. Over the last few years, demand for fungicides has shifted from developed regions to developing regions, due to several factors. In addition to endeavors aimed at restricting unnecessary utilization of fungicides, the industrial markets of North America, Western Europe, and Japan are likely to sustain below-average growth in the demand for fungicides over the coming half-a-decade, due to maturity in the markets.

Fungicides Market1

Asia-Pacific Dominates The Market

Asia-Pacific is among the largest consumer of fungicides in the market. There has been an enhanced investment in R&D for manufacturing novel, innovative, and cost-efficient solutions against fungi in crops in the region during the study period. The high production potential for grains, cereals, and vegetables in the region has increased the demand for fungicides in the market studied. Fungicides, especially SDHI fungicides, are often used in combination with other chemicals, are widely used for seed treatments in the region. For instance, Carboxin is often used, in combination with thiram, toward seed treatment of various crops, such as soybean, groundnut, cotton, and potato.​The increased demand for food among the growing population can be attributed to the need to enhance crop yield.

Fungicide Market - 2

Competitive Landscape

The fungicide market is consolidated, with major companies occupying the majority of the market. Major companies include Arysta LifeScience, BASF SE, Bayer CropScience, BioWorks, FMC Corp, Syngenta AG, and Valent Biosciences. The key strategies used by companies in this market are new product registrations and acquisitions to enter new markets. The focus in the industry should be on integrated pest management techniques and sustainable practices for an improved yield, without harming the environment. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions and Market Definition

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Origin

      1. 5.1.1 Synthetic

      2. 5.1.2 Bio Based

      3. 5.1.3 Others

    2. 5.2 Crop Type

      1. 5.2.1 Cereals and Grains

      2. 5.2.2 Oilseeds and Pulses

      3. 5.2.3 Fruits and Vegetables

      4. 5.2.4 Turf and Ornamentals

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Germany

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategies

    3. 6.3 Company Profiles

      1. 6.3.1 ChemChina Corporation

      2. 6.3.2 American Vanguard Corporation

      3. 6.3.3 BASF SE

      4. 6.3.4 Bayer Cropscience AG

      5. 6.3.5 Bioworks Inc

      6. 6.3.6 Corteva Agriscience

      7. 6.3.7 FMC Corporation

      8. 6.3.8 Isagro Spa

      9. 6.3.9 Marrone Bio Innovations Inc.

      10. 6.3.10 Nippon Soda Co. Ltd

      11. 6.3.11 Nufarm Ltd

      12. 6.3.12 Sumitomo Chemical

      13. 6.3.13 UPL Limited

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Fungicide Market market is studied from 2016 - 2026.

The Fungicide Market is growing at a CAGR of 3% over the next 5 years.

Africa is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Syngenta, Corteva Agriscience, UPL limited, BASF SE, Bayer CropScience are the major companies operating in Fungicide Market.

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