global-fungicides-market-industry
Published

August 2016

Global Fungicides Market - Growth, Trends and Forecasts (2016 - 2021)

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The global fungicides market is expected to reach USD XX billion by 2021 from USD 15.1 billion in 2015, witnessing a growth of CAGR 5.77% during the forecasted period. Fungal infections are the leading cause of crop losses worldwide and it poses massive threat to world’s most important crops like rice, wheat, maize, potato, soybean and sugarcane. Fungicides are used widely on fruits, vegetable and cereal crops globally, and accounts for nearly 25% share of the global pesticides industry. Fungicides have become a major component of the plant disease management and unlike insecticides and herbicides which are used to kill the insects and weeds, fungicides are mostly used to prevent or slowdown the fungal infections. Products driving the growth of fungicides market includes Azoxystrobin, Pyraoxystrobin, Mancozeb, Chlorothalonil and Copper based fungicides.

Fungicides usage and demand has fluctuated enormously over the years. The major factors that affected the consumption pattern are changes in crop acreage, pest resistance, pesticide regulation and technology adoption. Increased adoption and high effectiveness of biofungicides has fueled the industry growth. The high demand of organic food has also stimulated the biofungicides industry growth. Other factors driving the market growth includes growing food demand, promotion of integrated pest management and flourishing horticulture industry. As the industry is dominated by the synthetic fungicides, banning of synthetic chemicals in many countries is negatively affecting the market growth.

This market can be broadly segmented into product type-synthetic fungicides and biofungicides. The report also analyzes the global market for fungicides by application area, including Crop-Based Applications (Grains & Cereals, Oilseeds and Fruits & Vegetables) and Non-Crop-Based Applications (Turf & Ornamental Grass and Other Applications). By application area, crop-based end-uses of fungicides are likely to maintain the fastest growth in terms of volume consumed and value demand during the similar period, and retain the leading raking in terms of largest application area. Among crop based fungicides fruits and vegetables based fungicides have largest market share of XX%. The demand and growth of fungicides in North America is likely to be the slow, while South America followed by Asia Pacific are expected to emerge as the fastest growing market. Major companies covered in the report include American Vanguard, Arysta LifeScience, BASF SE, Bayer CropScience, BioWorks, Cheminova, Chemtura Corp, Chr Hansen, Dow AgroSciences, DuPont, FMC Corp, Isagro SpA, Ishihara Sangyo Kaisha, Makhteshim Agan, Marrone Bio Innovations, Monsanto, Natural Industries, Novozymes A/S, Nufarm Ltd, Sumitomo Chemical, Syngenta AG and Valent Biosciences.

Key Deliverables in the Study

  • Market analysis for the global fungicides market, with region specific assessments and competition analysis.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the Global Fungicides Market.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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