Market Size of us fungicide Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.00 Billion |
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Market Size (2029) | USD 1.23 Billion |
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Largest Share by Application Mode | Foliar |
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CAGR (2024 - 2029) | 4.17 % |
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Fastest Growing by Application Mode | Foliar |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Fungicide Market Analysis
The US Fungicide Market size is estimated at 1.00 billion USD in 2024, and is expected to reach 1.23 billion USD by 2029, growing at a CAGR of 4.17% during the forecast period (2024-2029).
1.00 Billion
Market Size in 2024 (USD)
1.23 Billion
Market Size in 2029 (USD)
6.86 %
CAGR (2017-2023)
4.17 %
CAGR (2024-2029)
Largest Segment by Application Mode
60.76 %
value share, Foliar, 2023
Rising demand for high-quality and disease-free crops is driving the need for effective disease management strategies which will drive the demand for foliar application.
Largest Segment by Crop Type
44.72 %
value share, Grains & Cereals, 2023
Grains and cereals consumed the largest portion of fungicides owing to the need to protect cereals and grain crops from fungal diseases to ensure optimal yields.
Fastest-Growing Segment by Crop Type
4.38 %
Projected CAGR, Grains & Cereals, 2024-2029
Grains and cereals consumed the largest portion of fungicides owing to the need to protect cereals and grain crops from fungal diseases to ensure optimal yields.
Leading Market Player 1
23.83 %
market share, Syngenta Group, 2022
The company invests more than USD 1.3 billion per year in global R&D to develop advanced, innovative technologies and products to address farmers' crop protection challenges.
Leading Market Player 2
16.22 %
market share, Bayer AG, 2022
Bayer has partnered with Oerth Bio with an aim to develop next-generation crop protection products based on Oerth Bio's innovative protein degradation technology.
The market is experiencing growth in all segments as farmers are increasingly adopting different methods to protect crops from fungal diseases
- In the US fungicide market, foliar application currently holds the major share, and it is expected to record the fastest growth, with a CAGR of 4.2% during 2023-2029. Foliar application refers to the application of fungicides directly onto the foliage of plants. This method allows for targeted and localized treatment, making it highly effective in controlling fungal diseases on the leaves and stems of crops. The popularity of foliar application can be attributed to its ease of application and immediate impact on disease control.
- During the forecast period (2023-2029), the seed treatment segment is expected to register a CAGR of 4.1% in the US fungicide market, which can be attributed to various factors, including early protection against seed and soil-borne diseases, improved germination rates, and enhanced plant establishment. There is rising awareness among farmers about the importance of early disease control for optimal crop establishment and yield. Seed treatment allows for efficient disease management right at the beginning of the crop's life cycle.
- The chemigation segment was valued at USD 114.6 million in 2022. It is further estimated to grow due to its precise application, reduced labor costs, and increased efficiency in the distribution of fungicides throughout the field. The rising adaption of modern irrigation in the United States is also supporting the growth of the segment.
- The US fungicide market is anticipated to register a CAGR of 4.1% during 2023-2029. It is expected to witness growth in all segments as farmers are increasingly adopting different methods to protect their crops from fungal diseases.
Understand The Key Trends Shaping This Market
