20-Feb-2020 | Facts and Factors
Facts and Factors have published a new report titled “Fungicides Market By Type (Chemical & Biological), By Crop Type (Cereals, Oilseeds & Pulses, Fruits & vegetables, & Others), By Application (Foliar Treatment, Chemigation, Seed Treatment, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026”.
According to the report, the global Fungicides market was valued over USD 16.9 Billion in 2020 and is expected to reach USD 25.7 Billion by 2026, at a CAGR of 4.9% between 2021 and 2026.
Cereals & grains category accounts for the fastest-growth in the Fungicides market
The growing population and the rising demand for food products are increasing the demand for innovative fungicides solutions, which are crop protection chemicals. Additionally, the increasing varieties of the crop, especially cereals& grains, are projected to help surge the fungicides market growth during the forecast period. The cereal & grains category is anticipated to grow at a significant rate over the forecast timeframe.
Browse the full “Fungicides Market By Type (Chemical & Biological), By Crop Type (Cereals, Oilseeds & Pulses, Fruits & vegetables, & Others), By Application (Foliar Treatment, Chemigation, Seed Treatment, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026" report athttps://www.fnfresearch.com/fungicides-market-report
Biological category accounts for the fastest growth in the Fungicides market
Biological fungicides, which are commonly known as bio fungicides, consists of favorable microorganisms that help control fungal diseases. The biofungicides are generally naturally found in the soil, thus increasing their demand across the globe. Good agricultural practices along with the appropriate biofungicides will help increase the crop yield and in turn, expand the global Fungicides market.
Liquid category is expected to dominate the Fungicides market during the forecast period
Liquid forms are found to dominate the global fungicides form segment owing to their easy usage, availability, and low complexity in terms of handling. The liquid fungicides are more effective and less wasted on the application, thereby propelling the Fungicides market.
Post-harvest is the fastest-growing category in the Fungicides market
Fungal infections are found to lead to post-harvest losses in crops, thus making the post-harvest category grow at a faster rate during the forecast period. The post-harvest method helps lower the use of fungicides and other wastewater disposal problems. The post-harvest fungicides help save a lot of fruit & vegetables after harvest, thereby boosting the Fungicides market growth.
Systemic category is estimated to dominate the Fungicides market
Systemic fungicides’ site-specific properties are found to increase their use on crop plants for controlling the pathogenic infection rate. Thus, this category is found to dominate the global fungicides market owing to its protectants, eradicates, or both properties.
Asia Pacific regions are projected to fuel the growth of the Fungicides market
The rising demand for high-quality agricultural products and advancing agricultural practices are anticipated to propel the global fungicides market. In addition, the increasing production of cereals & grains, sugar beet, rice, fruits & vegetables, etc. in Asia is likely to increase the demand for fungicides across the various regions in the Asia Pacific. The growing population in Asian countries and increasing consumption rate are projected to increase the requirement for fungicides.
Key Market Players
The key market participants for the global fungicides market are BAS SE, Bayer AG, Corteva, Inc., Syngenta AG, FMCCorporation, UPL Ltd., ADAMA Ltd., SumitomChemical Co. Ltd, Nufarm, Isagro SpA, CropScience, Dow AgroSciences, Lanxess AG, Monsanto, Adama Agricultural Solutions, Simonis B.V., Drexel Chemical Company, Biostadt India Limited, and Heranba Industries Ltd, among others.
The report on the global Fungicides market is segmented into:
Global Fungicides Market: By Type Segment Analysis
Global Fungicides Market: By Crop Type Segment Analysis
Global Fungicides Market: By Application Segment Analysis
Global Fungicides Market: By Regional Segmentation Analysis
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