The global fungicides market, owing to its significant impact not only on human health but also on the environment, is a highly regulated market. The European Union and North American government agencies strictly monitor the chemicals utilized in the manufacturing of these fungicides. These organizations issue restrictions on particular chemicals from time to time, after conducting detailed research related to their impact on human health and environment. These restrictions themselves accelerate the research and development efforts of key players to introduce advanced and more environment-friendly fungicides to their customers.
The market has reached saturation levels in the European and North American regions, while it is expanding in emerging economies such as the Asia-Pacific, Middle East, and Latin American regions. The global fungicides market has witnessed an impressive growth in the recent years in spite of several restrictions from monitoring agencies. This is due to the extensive investments in research and development efforts carried out by key players such as Bayer CropScience (Germany), BASF (Germany), Syngenta (Switzerland), and DuPont (U.S.). This research and development has led to innovation of novel products that are more environment-friendly and effective against a number of lethal fungi.
The North American and European markets have witnessed saturation due to several restrictions as well as the shift of farmers towards organic farming. The Latin American region is projected to grow at the fastest CAGR of 5.7% from 2014 to 2019. This trend is attributed to the increasing demand for fungicides in countries such as Brazil and Argentina, where agriculture is one of the key occupations.
It was observed that an increased competitive supply of fungicides, agronomic needs, and supportive crop economics are likely to lead to an inflated growth in the global consumption over the next few years. The same is expected to streamline manufacturers’ operations to maximize their profits by expanding their market share with various strategies for the fungicides market.
This report provides a comprehensive review of major fungicides used across regions and crop types. A detailed analysis of the competitive landscape of the key market players with their developments, mergers, acquisitions, expansions, and new product developments are provided in the report. A quantitative data with regards to all the above-mentioned segmentations is given in terms of revenue. Furthermore, the different key market players within the fungicides market have been profiled in this report. It also includes details such as company overview, financial details, products, strategy, and recent developments.
Scope of the report
This report focuses on the global fungicides market. This research categorizes the global market based on geography, type, and crop type:
Based on geography:
- North America
- Latin America
Based on type:
Based on crop type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables