Fungicides Market to attain the value of US$18,227.6 mn by the end of 2025

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Global Fungicides Market: Snapshot

Fungicides are chemical agents that are used for destroying and inhibiting growth of fungi and fungal spores. The product helps in controlling and prevention of disease and increasing crop productivity. It also improves the storage quality of harvested fruit and products. Few of the examples of fungicides that are available in the market and are efficient are mancozeb, chlorothalonil, metalaxyl, strobilurin and others.

Based upon product type, fungicides market has been segmented into mancozeb, chlorothalonil, metalaxyl, strobilurin and others. Strobilurin accounted for major share of fungicides market compared to mancozeb, chlorothalonil and metalaxyl in terms of volume. The product finds major share in the market across the globe followed by chlorothalonil and others. Mancozeb is cheaper compared to other fungicide products and the demand is observed to be high in Europe and Asia Pacific region.

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Use of Fungicides in Fruits and Vegetables Segment was Highest in 2016

Based upon crop type, fungicides market have been segmented into fruits & vegetables, oilseeds & pulses, cereals & grains and others (triazoles and benzimidazoles). Fruits & vegetables are the major crop type for the fungicides market. The fruits & vegetables segment held prominent share of the global market in 2016. Due to rise in per capita income, GDP and disposable income of the people the preference of the consumer has shifted towards consumption of quality food. Production of fruits and vegetable has increased steadily since the beginning of this decade owing to rising demand for fruits and vegetables across the globe.

Fruits and vegetables are known to be rich in essential nutrients such as vitamins, minerals and roughage in addition to polyphenols and antioxidants. Fungicides helps in curing and preventing the diseases thus enhancing fruit yield and quality, thus improving the overall plant health in the process.

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Growing demand for fruits & vegetables and oilseeds & pulses in the Asia Pacific region is contributing to the expansion of agrochemicals, especially fungicides. Rapid technological advancement in the sectors like agriculture and allied industries has highly impacted practices for conventional agriculture of irrigation and fumigation.

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