Global Fungicides Market – Growth, Trends And Forecasts (2014 – 2019)
Jul 02 2014
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The use of fungicides in terms of volume and value has witnessed sharp increases in cereal crops for major regions due to extended winter months, with Asia-Pacific leading the way in terms of fastest growth. The protracted winter season in North America has also played its part in boosting sales of fungicides in the region. Worldwide, consumption and demand for fungicides are slated to record CAGRs of just over 6% during 2014-2020, with North America leading in terms of market share and Asia-Pacific in terms of growth rate. Fungicide utilization has grown substantially in a variety of crops, with corn being a primary consumer. This has been necessitated due to a variety of factors, such as increase in the market price of corn, growth in foliar diseases and availability of new fungicides for use on field crops, to name a few.
This latest offering from Mordor Intelligence on the global fungicides market provides critical insights into the various factors driving the market, in addition to limitations holding back demand.
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