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 plants, leading to significant losses in crop yield and quality. The global market for plant fungicides is a complex network of manufacturers, distributors, and consumers spread across the world. As of 2023, the market was valued at a whopping US$ 18700 million and is projected to reach US$ 24190 million by 2030, growing at a steady compound annual growth rate (CAGR) of 3.7%. This growth is driven by the increasing demand for food crops, fruits, vegetables, flowers, and other plant products that require protection from harmful fungi.
Dithiocarbamates, Benzimidazoles, SDHI, Phenylamides, Strobilurins, Triazoles, Bio-Fungicides, Others in the Global Plant Fungicides Market:
The Global Plant Fungicides Market is segmented into various types of fungicides, including Dithiocarbamates, Benzimidazoles, SDHI, Phenylamides, Strobilurins, Triazoles, Bio-Fungicides, and others. Each of these fungicides has unique properties and uses. Dithiocarbamates, for instance, are broad-spectrum fungicides used to control a wide range of fungi in a variety of crops. Benzimidazoles are systemic fungicides that are absorbed by the plant and used to control many fungal diseases. SDHI fungicides are used to control diseases caused by fungi in cereals, fruits, and vegetables. Phenylamides are used to control oomycete fungi in a range of crops. Strobilurins are used to control a broad spectrum of plant pathogenic fungi. Triazoles are used to control a wide range of diseases in many crops. Bio-Fungicides are made from naturally occurring substances or organisms that control fungal diseases. Other types of fungicides are also used for specific purposes.
Food Corps, Fruits, Vegetables, Flowers, Others in the Global Plant Fungicides Market:
The Global Plant Fungicides Market finds its application in various areas including food crops, fruits, vegetables, flowers, and others. Food crops such as cereals, grains, and pulses are heavily dependent on fungicides to prevent fungal diseases that can drastically reduce yield and quality. Fruits and vegetables, which are prone to a variety of fungal diseases, also make extensive use of fungicides. In the floriculture industry, fungicides are used to keep flowers free from fungal diseases that can affect their aesthetic appeal and market value. Other applications of fungicides include their use in nurseries, greenhouses, and home gardens.
Global Plant Fungicides Market Outlook:
The future of the Global Plant Fungicides Market looks promising, with a steady growth rate projected for the next few years. In 2023, the market was valued at US$ 18700 million and is expected to reach US$ 24190 million by 2030, growing at a CAGR of 3.7%. The top five global manufacturers currently hold about 60% of the market share. Bio-Fungicides, a more environmentally friendly option, is the largest product segment, accounting for nearly 30% of the market.
| Report Metric | Details |
| Report Name | Plant Fungicides Market |
| Accounted market size in 2023 | US$ 18700 million |
| Forecasted market size in 2030 | US$ 24190 million |
| CAGR | 3.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| 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 |
