Asia Pacific Fungicide Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 4.09 Billion |
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Market Size (2029) | USD 4.92 Billion |
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Largest Share by Application Mode | Foliar |
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CAGR (2024 - 2029) | 3.78 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Fungicide Market Analysis
The Asia Pacific Fungicide Market size is estimated at 4.09 billion USD in 2024, and is expected to reach 4.92 billion USD by 2029, growing at a CAGR of 3.78% during the forecast period (2024-2029).
4.09 Billion
Market Size in 2024 (USD)
4.92 Billion
Market Size in 2029 (USD)
2.43 %
CAGR (2017-2023)
3.78 %
CAGR (2024-2029)
Largest Segment by Application Mode
60.77 %
value share, Foliar, 2023
Foliar fungicide application provides a more targeted approach and quick response to control various fungal diseases in major crops, resulting in market growth for foliar mode.
Largest Segment by Crop Type
54.50 %
value share, Grains & Cereals, 2023
Grains and cereals are highly susceptible to various devastating diseases like blight, which cause substantial crop losses, leading to higher usage of chemical fungicides.
Largest Segment By Country
31.57 %
value share, China, 2023
Higher cultivation areas and the increasing fungal disease infestation in major crops like cereals, fruits, and vegetable crops have increased fungicide use in the country.
Leading Market Player 1
21.66 %
market share, Syngenta Group, 2022
Syngenta invests more in R&D activities to expand its product portfolio by adding new products like TYMIRIUM technology-based fungicides, resulting in the growth of company strength.
Leading Market Player 2
11.35 %
market share, UPL Limited, 2022
UPL Limited strengthens its position by introducing new innovative products to its portfolio by acquiring companies like Arysta LifeScience, resulting in the company's growth.
The increased infestation of fungal diseases due to changing climatic conditions drives the market
- In 2022, the fungicides market witnessed the dominance of foliar application, holding a significant share of 60.7% with a value of USD 2.32 billion. This application method is preferred due to its ability to directly target and protect vulnerable plant parts from fungal diseases. By applying fungicides through the foliar application, leaves, stems, and above-ground plant tissues may effectively be safeguarded.
- Fungicide seed treatments are commonly used to combat fungal infections during the early stages of plant development. They form a protective barrier on the seeds, preventing diseases such as damping-off, seedling blights, and root rots. In the Asia-Pacific fungicide market, fungicide seed treatments held a substantial share of 13.9% in 2022.
- The market for chemigation was valued at USD 471.9 million in 2022. It is further estimated to grow owing to factors like its precise application, reduced labor costs, and increased efficiency in the distribution of fungicides throughout the field. The increase in the adoption of micro-irrigation systems in countries like China, India, and Australia is expected to aid the market’s growth.
- Applying fungicides to the soil allows for the uptake of fungicide molecules by plant roots, protecting against soilborne fungal pathogens. These pathogens, such as Fusarium wilt, verticillium wilt, Phytophthora root rot, Pythium root rot, and Rhizoctonia root rot, pose significant threats to various crop types grown in the region. Soil application of fungicides effectively combats these destructive diseases.
- By utilizing different application methods, farmers may employ targeted approaches to protect their crops from fungal infections and enhance overall productivity.
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China dominates the Asia-Pacific fungicide market
- Asia-Pacific is known for its diverse agricultural crops. Rice is a staple food in many countries, particularly in Southeast Asia, such as Thailand, Vietnam, and Indonesia. Other important crops include wheat, corn, soybeans, sugarcane, fruits, and vegetables. China and India are major producers of various crops, contributing significantly to the regional and global food supply.
- China dominated the Asia-Pacific fungicide market, accounting for a market share of 38.7% in 2022. Major fungicide classes in China include triazoles, strobilurins, benzimidazoles, dithiocarbamates, and quinone outside inhibitors (QoIs). These fungicides have different modes of action and target specific fungal pathogens.
- Japan is the second-largest consumer of fungicides, and it had a market share of 20.3% in 2022. Most of the grain and cereal crops in Japan are prone to serious soil-borne diseases that are caused by Helicobasidium mompa, Rosellinia necatrix, Annillaria mellea, and Rhizoctonia solani, which cause serious yield losses in economically important crops. These factors are further expected to increase Japan's demand for chemical fungicides while registering an estimated CAGR of 2.78% during the forecast period (2023-2029).
- The increasing need for food crops due to the region's population increase fueled the use of pesticides to enhance crop yield. In Southeast Asian countries and India, the arable land per person is decreasing at an alarming rate, where the use of fungicides can play an important role in increasing the average crop yields per hectare. Owing to the above reasons, the market is anticipated to record a CAGR of 3.7% during the forecast period.
Asia Pacific Fungicide Market Trends
Increased disease effects on major crops and the need for higher productivity raise the per-hectare fungicide consumption
- In the Asia-Pacific, the presence of pathogens leads to significant losses in agricultural production, necessitating the increased utilization of fungicides. Japan's fungicide consumption per hectare in 2022 stood at 7.9 kg, surpassing other Asia-Pacific countries. This figure illustrates a rise of roughly 13% in usage compared to the recorded data from 2017. This increase may be attributed to the effectiveness of fungicide application in controlling the spread of diseases, particularly airborne diseases like rice blast or soybean rust, which led to increased consumption of fungicide per hectare.
- Myanmar has emerged as the next country to significantly escalate its consumption of fungicides per hectare, following in the footsteps of Japan. Numerous factors contribute to this trend. The adoption of intensive agricultural practices aimed at enhancing productivity, coupled with higher application rates and frequent use of fungicides to mitigate disease outbreaks, stand out as the primary drivers behind the surge in fungicide consumption per hectare. These reasons have contributed to the notable increase in fungicide utilization within Myanmar. For instance, the cultivation of rice, which serves as a major crop in Myanmar. Farmers rely heavily on fungicides to effectively manage blight and false smut.
- Overall, the region is witnessing a consistent rise in fungicide consumption, except in China and Thailand. Several factors contribute to this trend, including climate change, intensified agricultural practices aimed at boosting production, frequent disease outbreaks, and inadequate regulations for reducing fungicidal residues. China and Thailand have taken proactive measures to reduce pesticide consumption, resulting in lower usage in these countries.
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Climatic changes altering fungal survivability, infectivity, and host susceptibility are leading to new disease outbreaks
- Tebuconazole, a systematic fungicide, was valued at a price of USD 8.7 thousand per metric ton in 2022. Tebuconazole is known to treat rust fungus, sheath blight, leaf spot, and anthracnose.
- Mancozeb is a broad-spectrum contact fungicide used to control many fungal diseases, such as anthracnose, pythium blight, leaf spot, downy mildew, Botrytis, rust, and scab in oilseeds rapeseeds, lettuce, wheat, apples, tomatoes, table grapes, wine grapes, bulb onions, carrots, parsnips, shallots, and durum wheat. Mancozeb was priced at USD 7.7 thousand per metric ton in 2022.
- Azoxystrobin is a broad-spectrum fungicide active against fungal pathogens belonging to the Oomycetes, Ascomycetes, Deuteromycetes, and Basidiomycetes. Owing to the increase in infestation of fungi like Fusarium and Trichoderma, the price of azoxystrobin increased from USD 4.0 thousand per metric ton in 2017 to USD 4.6 thousand per metric ton by 2022. Similarly, metalaxyl is a systemic fungicide used to control plant diseases caused by Oomycete fungi, which was priced at USD 4.4 thousand per metric ton in 2022.
- Propineb is a dithiocarbamate, a contact fungicide that was priced at USD 3.5 thousand per metric ton in 2022. Propineb is applicable to tomatoes, Chinese cabbages, cucumbers, mangoes, flowers, and other crops. It is used in preventing and treating early late blight of mango, anthracnose of Chinese cabbage, potato downy mildew, cucumber downy mildew, and tomato late blight.
- Ziram is a basic contact and foliar fungicide that was priced at USD 3.2 thousand per metric ton in 2022. It mainly controls early and late blight of potatoes/tomatoes, downy mildew and black rot of vines and cucurbits, scab of apples, Sigatoka of bananas, and citrus melanosis.
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Asia Pacific Fungicide Industry Overview
The Asia Pacific Fungicide Market is moderately consolidated, with the top five companies occupying 54.64%. The major players in this market are ADAMA Agricultural Solutions Ltd., BASF SE, Bayer AG, Syngenta Group and UPL Limited (sorted alphabetically).
Asia Pacific Fungicide Market Leaders
ADAMA Agricultural Solutions Ltd.
BASF SE
Bayer AG
Syngenta Group
UPL Limited
Other important companies include Corteva Agriscience, FMC Corporation, Jiangsu Yangnong Chemical Co. Ltd, Nufarm Ltd, Rainbow Agro.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia Pacific Fungicide Market News
- January 2023: Bayer formed a new partnership with Oerth Bio to enhance crop protection technology and create more eco-friendly crop protection solutions.
- January 2023: Quintect 105 SC is a fungicide introduced by FMC for Indonesian farmers to provide protection and secure the quality and quantity of their crops.
- July 2022: FMC launched the fungicide Flint Pro 64.8 WG, which controls diseases including Alternaria dry spot on potato plants as well as leaf spot disease and stem rot in watermelon plants.
Free with this Report
Along with the report, We also offer a comprehensive and exhaustive data pack with 50+ graphs on insecticide, fungicides, and herbicides consumption per hectare and the average price of active ingredients used in insecticides, fungicides, herbicides, nematicides, and molluscicides. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
Asia Pacific Fungicide Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Consumption Of Pesticide Per Hectare
- 4.2 Pricing Analysis For Active Ingredients
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4.3 Regulatory Framework
- 4.3.1 Australia
- 4.3.2 China
- 4.3.3 India
- 4.3.4 Indonesia
- 4.3.5 Japan
- 4.3.6 Myanmar
- 4.3.7 Pakistan
- 4.3.8 Philippines
- 4.3.9 Thailand
- 4.3.10 Vietnam
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Application Mode
- 5.1.1 Chemigation
- 5.1.2 Foliar
- 5.1.3 Fumigation
- 5.1.4 Seed Treatment
- 5.1.5 Soil Treatment
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5.2 Crop Type
- 5.2.1 Commercial Crops
- 5.2.2 Fruits & Vegetables
- 5.2.3 Grains & Cereals
- 5.2.4 Pulses & Oilseeds
- 5.2.5 Turf & Ornamental
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5.3 Country
- 5.3.1 Australia
- 5.3.2 China
- 5.3.3 India
- 5.3.4 Indonesia
- 5.3.5 Japan
- 5.3.6 Myanmar
- 5.3.7 Pakistan
- 5.3.8 Philippines
- 5.3.9 Thailand
- 5.3.10 Vietnam
- 5.3.11 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
- 6.4.1 ADAMA Agricultural Solutions Ltd.
- 6.4.2 BASF SE
- 6.4.3 Bayer AG
- 6.4.4 Corteva Agriscience
- 6.4.5 FMC Corporation
- 6.4.6 Jiangsu Yangnong Chemical Co. Ltd
- 6.4.7 Nufarm Ltd
- 6.4.8 Rainbow Agro
- 6.4.9 Syngenta Group
- 6.4.10 UPL Limited
7. KEY STRATEGIC QUESTIONS FOR CROP PROTECTION CHEMICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FUNGICIDE CONSUMPTION PER HECTARE, GRAMS, ASIA-PACIFIC, 2017 - 2022
- Figure 2:
- ACTIVE INGREDIENT PRICE PER METRIC TON, USD, ASIA-PACIFIC, 2017 - 2022
- Figure 3:
- FUNGICIDE VOLUME METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 4:
- FUNGICIDE VALUE USD, ASIA-PACIFIC, 2017 - 2029
- Figure 5:
- FUNGICIDE MARKET BY APPLICATION MODE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- FUNGICIDE MARKET BY APPLICATION MODE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 7:
- VALUE SHARE OF FUNGICIDE BY APPLICATION MODE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 8:
- VOLUME SHARE OF FUNGICIDE BY APPLICATION MODE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 9:
- CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE SHARE OF CHEMIGATION BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 12:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- VALUE SHARE OF FOLIAR BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 15:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 17:
- VALUE SHARE OF FUMIGATION BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 18:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VALUE SHARE OF SEED TREATMENT BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 21:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 23:
- VALUE SHARE OF SOIL TREATMENT BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 24:
- FUNGICIDE MARKET BY CROP TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- FUNGICIDE MARKET BY CROP TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VALUE SHARE OF FUNGICIDE BY CROP TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 27:
- VOLUME SHARE OF FUNGICIDE BY CROP TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 28:
- FUNGICIDE CONSUMED BY COMMERCIAL CROPS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- FUNGICIDE CONSUMED BY COMMERCIAL CROPS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- VALUE SHARE OF COMMERCIAL CROPS BY APPLICATION MODE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 31:
- FUNGICIDE CONSUMED BY FRUITS & VEGETABLES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 32:
- FUNGICIDE CONSUMED BY FRUITS & VEGETABLES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 33:
- VALUE SHARE OF FRUITS & VEGETABLES BY APPLICATION MODE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 34:
- FUNGICIDE CONSUMED BY GRAINS & CEREALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- FUNGICIDE CONSUMED BY GRAINS & CEREALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 36:
- VALUE SHARE OF GRAINS & CEREALS BY APPLICATION MODE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 37:
- FUNGICIDE CONSUMED BY PULSES & OILSEEDS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- FUNGICIDE CONSUMED BY PULSES & OILSEEDS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VALUE SHARE OF PULSES & OILSEEDS BY APPLICATION MODE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 40:
- FUNGICIDE CONSUMED BY TURF & ORNAMENTAL, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 41:
- FUNGICIDE CONSUMED BY TURF & ORNAMENTAL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VALUE SHARE OF TURF & ORNAMENTAL BY APPLICATION MODE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 43:
- FUNGICIDE MARKET BY COUNTRY, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 44:
- FUNGICIDE MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE SHARE OF FUNGICIDE BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 46:
- VOLUME SHARE OF FUNGICIDE BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 47:
- FUNGICIDE CONSUMED BY AUSTRALIA, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- FUNGICIDE CONSUMED BY AUSTRALIA, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 49:
- VALUE SHARE OF AUSTRALIA BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 50:
- FUNGICIDE CONSUMED BY CHINA, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- FUNGICIDE CONSUMED BY CHINA, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VALUE SHARE OF CHINA BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 53:
- FUNGICIDE CONSUMED BY INDIA, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 54:
- FUNGICIDE CONSUMED BY INDIA, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 55:
- VALUE SHARE OF INDIA BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 56:
- FUNGICIDE CONSUMED BY INDONESIA, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 57:
- FUNGICIDE CONSUMED BY INDONESIA, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 58:
- VALUE SHARE OF INDONESIA BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 59:
- FUNGICIDE CONSUMED BY JAPAN, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 60:
- FUNGICIDE CONSUMED BY JAPAN, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 61:
- VALUE SHARE OF JAPAN BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 62:
- FUNGICIDE CONSUMED BY MYANMAR, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 63:
- FUNGICIDE CONSUMED BY MYANMAR, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 64:
- VALUE SHARE OF MYANMAR BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 65:
- FUNGICIDE CONSUMED BY PAKISTAN, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 66:
- FUNGICIDE CONSUMED BY PAKISTAN, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 67:
- VALUE SHARE OF PAKISTAN BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 68:
- FUNGICIDE CONSUMED BY PHILIPPINES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 69:
- FUNGICIDE CONSUMED BY PHILIPPINES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 70:
- VALUE SHARE OF PHILIPPINES BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 71:
- FUNGICIDE CONSUMED BY THAILAND, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 72:
- FUNGICIDE CONSUMED BY THAILAND, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 73:
- VALUE SHARE OF THAILAND BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 74:
- FUNGICIDE CONSUMED BY VIETNAM, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 75:
- FUNGICIDE CONSUMED BY VIETNAM, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 76:
- VALUE SHARE OF VIETNAM BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 77:
- FUNGICIDE CONSUMED BY REST OF ASIA-PACIFIC, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 78:
- FUNGICIDE CONSUMED BY REST OF ASIA-PACIFIC, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 79:
- VALUE SHARE OF REST OF ASIA-PACIFIC BY CROP TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 80:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2017-2022
- Figure 81:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2017-2022
- Figure 82:
- MARKET SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC 2023
Asia Pacific Fungicide Industry Segmentation
Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type. Australia, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.
- In 2022, the fungicides market witnessed the dominance of foliar application, holding a significant share of 60.7% with a value of USD 2.32 billion. This application method is preferred due to its ability to directly target and protect vulnerable plant parts from fungal diseases. By applying fungicides through the foliar application, leaves, stems, and above-ground plant tissues may effectively be safeguarded.
- Fungicide seed treatments are commonly used to combat fungal infections during the early stages of plant development. They form a protective barrier on the seeds, preventing diseases such as damping-off, seedling blights, and root rots. In the Asia-Pacific fungicide market, fungicide seed treatments held a substantial share of 13.9% in 2022.
- The market for chemigation was valued at USD 471.9 million in 2022. It is further estimated to grow owing to factors like its precise application, reduced labor costs, and increased efficiency in the distribution of fungicides throughout the field. The increase in the adoption of micro-irrigation systems in countries like China, India, and Australia is expected to aid the market’s growth.
- Applying fungicides to the soil allows for the uptake of fungicide molecules by plant roots, protecting against soilborne fungal pathogens. These pathogens, such as Fusarium wilt, verticillium wilt, Phytophthora root rot, Pythium root rot, and Rhizoctonia root rot, pose significant threats to various crop types grown in the region. Soil application of fungicides effectively combats these destructive diseases.
- By utilizing different application methods, farmers may employ targeted approaches to protect their crops from fungal infections and enhance overall productivity.
| Application Mode | Chemigation |
| Foliar | |
| Fumigation | |
| Seed Treatment | |
| Soil Treatment | |
| Crop Type | Commercial Crops |
| Fruits & Vegetables | |
| Grains & Cereals | |
| Pulses & Oilseeds | |
| Turf & Ornamental | |
| Country | Australia |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Myanmar | |
| Pakistan | |
| Philippines | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
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Market Definition
- Function - Fungicides are chemicals used to control or prevent fungi from damaging the crop and prevent yield loss.
- Application Mode - Foliar, Seed Treatment, Soil Treatment, Chemigation, and Fumigation are the different type of application modes through which crop protection chemicals are applied to the crops.
- Crop Type - This represents the consumption of crop protection chemicals by Cereals, Pulses, Oilseeds, Fruits, Vegetables, Turf, and Ornamental crops.
| Keyword | Definition |
|---|---|
| IWM | Integrated weed management (IWM) is an approach to incorporate multiple weed control techniques throughout the growing season to give producers the best opportunity to control problematic weeds. |
| Host | Hosts are the plants that form relationships with beneficial microorganisms and help them colonize. |
| Pathogen | A disease-causing organism. |
| Herbigation | Herbigation is an effective method of applying herbicides through irrigation systems. |
| Maximum residue levels (MRL) | Maximum Residue Limit (MRL) is the maximum allowed limit of pesticide residue in food or feed obtained from plants and animals. |
| IoT | The Internet of Things (IoT) is a network of interconnected devices that connect and exchange data with other IoT devices and the cloud. |
| Herbicide-tolerant varieties (HTVs) | Herbicide-tolerant varieties are plant species that have been genetically engineered to be resistant to herbicides used on crops. |
| Chemigation | Chemigation is a method of applying pesticides to crops through an irrigation system. |
| Crop Protection | Crop protection is a method of protecting crop yields from different pests, including insects, weeds, plant diseases, and others that cause damage to agricultural crops. |
| Seed Treatment | Seed treatment helps to disinfect seeds or seedlings from seed-borne or soil-borne pests. Crop protection chemicals, such as fungicides, insecticides, or nematicides, are commonly used for seed treatment. |
| Fumigation | Fumigation is the application of crop protection chemicals in gaseous form to control pests. |
| Bait | A bait is a food or other material used to lure a pest and kill it through various methods, including poisoning. |
| Contact Fungicide | Contact pesticides prevent crop contamination and combat fungal pathogens. They act on pests (fungi) only when they come in contact with the pests. |
| Systemic Fungicide | A systemic fungicide is a compound taken up by a plant and then translocated within the plant, thus protecting the plant from attack by pathogens. |
| Mass Drug Administration (MDA) | Mass drug administration is the strategy to control or eliminate many neglected tropical diseases. |
| Mollusks | Mollusks are pests that feed on crops, causing crop damage and yield loss. Mollusks include octopi, squid, snails, and slugs. |
| Pre-emergence Herbicide | Preemergence herbicides are a form of chemical weed control that prevents germinated weed seedlings from becoming established. |
| Post-emergence Herbicide | Postemergence herbicides are applied to the agricultural field to control weeds after emergence (germination) of seeds or seedlings. |
| Active Ingredients | Active ingredients are the chemicals in pesticide products that kill, control, or repel pests. |
| United States Department of Agriculture (USDA) | The Department of Agriculture provides leadership on food, agriculture, natural resources, and related issues. |
| Weed Science Society of America (WSSA) | The WSSA, a non-profit professional society, promotes research, education, and extension outreach activities related to weeds. |
| Suspension concentrate | Suspension concentrate (SC) is one of the formulations of crop protection chemicals with solid active ingredients dispersed in water. |
| Wettable powder | A wettable powder (WP) is a powder formulation that forms a suspension when mixed with water prior to spraying. |
| Emulsifiable concentrate | Emulsifiable concentrate (EC) is a concentrated liquid formulation of pesticide that needs to be diluted with water to create a spray solution. |
| Plant-parasitic nematodes | Parasitic Nematodes feed on the roots of crops, causing damage to the roots. These damages allow for easy plant infestation by soil-borne pathogens, which results in crop or yield loss. |
| Australian Weeds Strategy (AWS) | The Australian Weeds Strategy, owned by the Environment and Invasives Committee, provides national guidance on weed management. |
| Weed Science Society of Japan (WSSJ) | WSSJ aims to contribute to the prevention of weed damage and the utilization of weed value by providing the chance for research presentation and information exchange. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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