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The increasing frequency of crop diseases is likely to stimulate innovation in the manufacturing of chemical fungicides, boosting the market over the forecast period.

The global chemical fungicides market is expected to grow from $21.31 billion in 2022 to $22.64 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The global chemical fungicides market size is expected to reach $28.25 billion in 2027 at a CAGR of 5.7%.

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Global Chemical Fungicides Market Segments Include:

• By Product Type: Bio Based Fungicide, Synthetic Fungicide
• By Form: Liquid, Dry
• By Active Ingredients: Dithiocarbamates, Benzimidazoles, Chloronitriles, Triazoles, Phenylamides, Strobilurins, Other Active Ingredients
• By Action: Contact, Systemic
• By Application: Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest
• 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 chemical fungicides market in 2021.

Major Market Players in the chemical fungicides market include BASF SE, Bayer AG, Corteva Inc., Syngenta AG, FMC Corporation, UPL Ltd., Sumitomo Chemical Co. Ltd., Nippon Soda Co. Ltd., Isagro S.p.A, Nufarm, ADAMA.

Technology innovation is a major trend that is gaining traction in the chemical fungicide market. To enhance their position in the chemical fungicide industry, major firms in the sector are conducting product innovation. For example, in August 2022, Syngenta, a Swiss-based agrichemical business specialising in chemical fungicides, introduced TYMIRIUM technology with Argentina’s certified authorisation. This method protects against nematodes and major fungal diseases while also allowing farmers to improve food quality and crop production by preserving soil biodiversity and improving soil health.

The Chemical Fungicides Global Market Report 2023  provides a chemical fungicides market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The chemical fungicides market forecast analyzes chemical fungicides market size, chemical 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.

Chemical fungicides are insecticides that operate to destroy or prevent the formation of fungi and their spores. They are excellent against rust, mildew, and other fungi that cause plant damage.

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