Global Fungicide Market 2018-2023 – Growing Food Demand and Shrinking Land – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Fungicide Market – Segmented by Chemical Type, Application, and
Geography – Growth, Trends, and Forecast (2018 – 2023)" report
has been added to ResearchAndMarkets.com's offering.

The global fungicide market was valued at USD 16 billion in 2016 and is
expected to register a CAGR of 5.7% during the forecast period,
2018-2023.

The growth in demand for fungicides in North America is likely to be
slow, while South America is expected to emerge as the fastest growing
market during the forecast period, followed by Asia-Pacific.

Fungicide usage and demand has fluctuated enormously over the years. The
major factors that affect consumption pattern are changes in crop
acreage, pest resistance, pesticide regulation, and technology adoption.
Increased adoption and high effectiveness of fungicides have fueled the
industry growth.

In the recent years, the popularity of bio-fungicides has increased
among farmers, producers, and end consumers. Factors like growing demand
of food safety and security, and government support are driving the
growth of this industry. The development of bio-pesticides or
environment-friendly crop protection products has become a priority of
the research and funding agencies all over the world. Growing profits in
organic-based farming are influencing farmers to look towards the
synthetic chemical alternatives to control plant health problems.

The rising demand for fungicides in countries such as China and India,
coupled with high economic growth in the Asia-Pacific region, made it
the fastest growing market for fungicides in 2016. China accounted for
the highest market share in 2016, and is expected to maintain its
dominance throughout the forecast period. By application area,
crop-based end uses of fungicides are likely to maintain the fastest
growth in terms of volumes consumed in the region.

Market Dynamics

Drivers

• Growing Food Demand and Shrinking Land
• Growing Popularity of Bio-based Pesticides
• Flourshing Horticulture Industry
• Adoption of New Farming Practices
• Rise in Number of Resistant Fungi

Restraints

• Growing Demand for Food Safety and Quality
• Major Regions Facing Ban
• Research and Development Costs Burgeoning
• Low Per Capita Use of Fungicides in Several Regions
• Adoption of GM Technology

Key Topics Covered

1. Introduction

2. Research Scope & Methodology

3. Market Dynamics

4. Market Segmentation

5. Competitive Landscape

6. Company Profiles

• Adama Agricultural Solutions Ltd (Formerly Makhteshim Agan Industries
  Ltd) (Israel)
• American Vanguard Corporation (United States)
• BASF SE (Germany)
• Bayer Cropscience AG (Germany)
• Bioworks Inc (United States)
• Dow Agrosciences LLC (United States)
• Dupont (United States)
• FMC Corporation (United States)
• Isagro SpA (Italy)
• Ishihara Sangyo Kaisha Ltd (Japan)
• Marrone Bio Innovations Inc (United States)
• Monsanto Company (United States)
• Natural Industries (United States)
• Nippon Soda Co. Ltd
• Nufarm Ltd (Australia)
• Platform Specialty Products
• Sumitomo Chemical (Japan)
• Syngenta International AG (Switzerland)
• UPL Limited

7. Outlook of the Market

8. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/lc6qt4/global_fungicide?w=4

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Related
Topics: Agrochemicals
and Fertilizers