What is Global Plant Fungicides Market?
The Global Plant Fungicides Market is a vast and dynamic sector that plays a crucial role in the agricultural industry. Fungicides are chemical compounds or biological organisms used to kill or inhibit fungi or fungal spores that can cause serious damage to plant crops. These fungicides are used in agriculture to combat fungal infections that can devastate crops, leading to significant losses. The global market for plant fungicides is a complex network of manufacturers, distributors, and consumers spread across the world. In 2022, the market was valued at a whopping US$ 18700 million. The market is projected to grow at a steady pace, with an expected value of US$ 24190 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period of 2023-2029. The market is dominated by the top five manufacturers who collectively hold about 60% of the market share. Among the various types of fungicides, Bio-Fungicides is the largest segment, accounting for nearly 30% of the market.
Dithiocarbamates, Benzimidazoles, SDHI, Phenylamides, Strobilurins, Triazoles, Bio-Fungicides, Others in the Global Plant Fungicides Market:
Dithiocarbamates, Benzimidazoles, SDHI, Phenylamides, Strobilurins, Triazoles, Bio-Fungicides, and others are some of the key types of fungicides used in the Global Plant Fungicides Market. Dithiocarbamates are broad-spectrum fungicides used to control a wide range of fungal diseases. Benzimidazoles are systemic fungicides that are absorbed by the plant and used to control a variety of fungal diseases. SDHI or Succinate Dehydrogenase Inhibitors are a new class of fungicides that inhibit the growth of fungi by disrupting their energy production process. Phenylamides are systemic fungicides used to control oomycete fungi in a wide range of crops. Strobilurins are a class of fungicides that inhibit mitochondrial respiration in fungi, effectively controlling a broad spectrum of diseases. Triazoles are systemic fungicides that inhibit the growth of fungi by disrupting the biosynthesis of sterols in their cell membranes. Bio-Fungicides are biological fungicides that use microorganisms to control fungal diseases. They are considered environmentally friendly and are gaining popularity in the market. Other types of fungicides include Chloronitriles, Guanidines, Oxathiins, Phenylpyrroles, and others. Each of these fungicides has its own unique properties and uses, making them indispensable in the global plant fungicides market.
Food Corps, Fruits, Vegetables, Flowers, Others in the Global Plant Fungicides Market:
The Global Plant Fungicides Market finds its application in various areas such as Food Corps, Fruits, Vegetables, Flowers, and others. In the Food Corps sector, fungicides are used to protect staple crops like wheat, rice, and corn from devastating fungal diseases. This ensures food security and contributes to the global economy. In the Fruits and Vegetables sector, fungicides are used to protect a wide variety of fruits and vegetables from fungal diseases, ensuring high-quality produce and reducing post-harvest losses. In the Flowers sector, fungicides are used to protect ornamental plants and flowers from fungal diseases, ensuring their aesthetic appeal and commercial value. Other applications of fungicides include turf and ornamental protection, forestry, and others. The use of fungicides in these sectors ensures the health and productivity of plants, contributing to the overall growth and sustainability of the Global Plant Fungicides Market.
Global Plant Fungicides Market Outlook:
The Global Plant Fungicides Market has shown a promising growth trajectory. In 2022, the market was valued at US$ 18700 million. The market is expected to grow at a CAGR of 3.7% from 2023 to 2029, reaching an estimated value of US$ 24190 million by the end of the forecast period. The market is largely dominated by the top five manufacturers, who collectively hold a 60% market share. The largest segment of the market is Bio-Fungicides, which holds nearly 30% of the market share. This data provides a snapshot of the current state of the Global Plant Fungicides Market and its potential for growth in the coming years.
| Report Metric | Details |
| Report Name | Plant Fungicides Market |
| Accounted market size in 2023 | US$ 19450 million |
| Forecasted market size in 2029 | US$ 24190 million |
| CAGR | 3.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Sales by Region |
|
| By Company | Syngenta, UPL, FMC, BASF, Bayer, Nufarm, Corteva (DuPont), Sumitomo Chemical, Qian Jiang Biochemical, Indofil, Limin Group, Sipcam Oxon, Gowan, Koppert, Albaugh, Spiess-Urania Chemicals, Isagro, IQV Agro, Certis USA, Biostadt, Rotam |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
