The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Farmers globally are expected to drive innovation in fungicides manufacturing, thus driving the market during the forecast period.

The global fungicides market is expected to grow from $20.77 billion in 2022 to $22.11 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The global fungicides market size is expected to grow from $28.86 billion in 2027 at a CAGR of 6.9%.

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Global Fungicides Market Segments Include:

• By Type: Synthetic Fungicides, Bio-fungicides
• By Active Ingredient: Dithiocarbamates, Benzimidazoles, Chloronitriles, Triazoles, Phenylamides, Strobilurins, Other Active Ingredients
• By Treatment: Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest
• By Application: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fungicides market in 2021.

Major Market Players in the fungicides market include Adama Agricultural Solutions Ltd., American Vanguard Corporation, BASF SE, Bayer Cropscience AG, Bioworks Inc., Dow Agrosciences LLC.

Because inorganic fungicides are less expensive than organic fungicides, they are in high demand in developing agricultural countries such as China, Brazil, and India. Other factors driving this market include rapid population growth, depleting cultivable land, lack of proper regulations, and increasing demand for quality fruits and vegetables. Inorganic fungicides are manufactured from abundantly available and easily produced elements, making the product significantly cheaper. Farmers in developing regions procuring inorganic fungicides in large quantities are expected to drive the market in the forecast period.

The Fungicides Global Market Report 2023  provides a fungicides market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fungicides market forecast analyzes fungicides market size, fungicides market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Fungicides are pesticides that control fungal diseases by killing or inhibiting fungi or fungal spores. Fungi can cause serious damage in agriculture, resulting in critical losses in yield, quality, and profit. Tea tree oil, cinnamaldehyde, and nimbin are examples of natural fungicides.

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