Fungicide Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 17.51 Billion |
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Market Size (2029) | USD 21.15 Billion |
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Largest Share by Application Mode | Foliar |
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CAGR (2024 - 2029) | 3.84 % |
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Largest Share by Region | South America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Fungicide Market Analysis
The Fungicide Market size is estimated at 17.51 billion USD in 2024, and is expected to reach 21.15 billion USD by 2029, growing at a CAGR of 3.84% during the forecast period (2024-2029).
17.51 Billion
Market Size in 2024 (USD)
21.15 Billion
Market Size in 2029 (USD)
4.66 %
CAGR (2017-2023)
3.84 %
CAGR (2024-2029)
Largest Segment by Application Mode
60.18 %
value share, Foliar, 2023
Diseases such as Anthracnose, rust, blight, and powdery mildew, which affect the major food crops, can be effectively controlled using the fungicide application foliar method.
Largest Segment by Crop Type
46.84 %
value share, Grains & Cereals, 2023
Grains and cereals are economically important for most countries globally as they are known to be staple foods, and their production is necessary to ensure food security.
Largest Segment By Region
30.33 %
value share, South America, 2023
Factors driving South America's market for fungicides include decreasing arable land in the region, increasing population, and the need to improve crop yields.
Fastest-growing Segment by Country
5.91 %
Projected CAGR, France, 2024-2029
Wheat is a major crop grown in the country, and various fungal diseases such as leaf blotch, leaf rust, yellow rust, powdery mildew, and Fusarium blight cause yield losses.
Leading Market Player
25.98 %
market share, Syngenta Group, 2022
Syngenta Group developed Plinazolin technology that delivers a new standard of performance. It provides an effective solution in resistance management strategies.
Rising fungal diseases are driving the demand for fungicides in various application methods
- Fungicides may be applied using a variety of methods, depending on the specific requirements and diseases. Diverse application methods play a crucial role in effectively applying fungicides across various agricultural conditions.
- In 2022, foliar application dominated the fungicide segment, holding the largest market share of 60.1%. This method is highly preferred as it provides efficient protection against foliar fungal diseases by directly targeting the pathogens on the leaves. The foliar application facilitates swift penetration and absorption of fungicides into the plant tissues, ensuring their effective action against fungal pathogens.
- Fungicide seed treatments play a crucial role in addressing fungal infections during the initial phases of plant growth. These treatments create a protective shield around seeds, effectively preventing various diseases like seed rots, seedling blights, damping off, and root rots. Notably, within the global fungicide market, fungicide seed treatments accounted for a significant market share of 14.1% in 2022. This highlights their substantial contribution to safeguarding plant health and promoting successful crop establishment.
- The selection of the application mode is influenced by multiple factors, encompassing the particular disease being targeted, the type of crop, the stage of disease development, and the availability of equipment. The fungicide market is anticipated to expand, projecting an estimated CAGR of 3.8% during the forecast period spanning from 2023 to 2029. This growth reflects the ongoing evolution of strategies to combat plant diseases and enhance agricultural productivity.
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Growth in the crop infestations by the fungal pathogens raise the fungicides adoption
- Increasing crop losses due to fungal diseases and growing concerns over global food security raise the adoption of crop protection chemicals like fungicides. At the Global level, the farmers are losing 10-23% of their crops to fungal diseases. Adoption of intensive agricultural practices, monocultural practices, and changing climatic conditions like drought and heatwaves lead to the growth of various fungal diseases, which resulted in higher utilization of fungicides in agricultural production. The Global fungicide market accounted for 18.1% market share in the overall Global crop protection chemical market value with USD 16.37 billion in 2022 with a consumption volume of 1.9 million metric tons.
- South American fungicide market value accounted for 30.3%, with a market value of USD 4.96 billion. The higher market share is attributed to the drought and heatwave effect on the crops, which led to the proliferation of fungal diseases and crop losses, resulting in higher utilization of fungicides in the region. In the same year, Brazil accounted for 59.4% of the South American fungicide market, with rice, wheat, and soybeans being the major crops grown and are highly susceptible to fungal diseases.
- Europe's fungicide market value accounted for 28.4% of the Global fungicide market value in 2022. Grape late blight, early blight, powdery mildew, downy mildew, Fusarium wilting, Septoria, and bacterial blight are the common diseases attacking the major crops grown in the region. Spain, Russia, France, and Italy are the major fungicide-consuming countries with a market value share of 18.1%, 15.0%, 14.3%, and 12.5%, respectively. In Europe, temperature increases favor the various fungal pathogens' growth.
Global Fungicide Market Trends
Increasing average annual economic losses are driving farmers to use a higher amount of fungicides
- Fungal diseases pose a significant threat to crop production, affecting a wide range of crops, including cereals, fruits, vegetables, and ornamentals. The rise in the average per-hectare fungicide consumption over the years from 1.4 kg per ha in 2017 to 1.6 kg per ha in 2022 was driven by the need to manage and control diseases effectively, minimizing crop damage and ensuring optimum yields.
- Among the regions studied, in 2022, Europe had the highest per-hectare application of chemical fungicides annually, with 2.5 kg per ha of agricultural land. This was due to its intensified farming practices and monocultures with a focus on high-value crops. Intensive farming usually attracts more pathogens due to overcrowding of crops on a piece of land, depleting soil nutrients and making the plants more susceptible to pathogens. This leads to the overuse of chemical fungicides to protect crops and maintain crop yields.
- Europe is followed by South America in fungicide usage, with an average per-hectare application of 1.7 kg/ha in 2022. Chile had the highest per-hectare consumption of fungicides at 4.1 kg/ha in the region in 2022. This high usage was due to certain regions in Chile having climatic conditions that are conducive to fungal disease development due to high humidity, rainfall, and temperature fluctuations. Other regions like Asia-Pacific, North America, and the Middle East also have a significant amount of fungicidal application.
- According to the data provided by the Food and Agriculture Organization, fungal diseases cause an average economic loss of around USD 220.0 billion despite abundant usage of fungicides. Circumstances like changing climatic conditions and frequent disease outbreaks may even worsen the situation, increasing the application rates.
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Mancozeb has a broad spectrum of activity compared to other fungicides
- Tebuconazole is a fungicide belonging to the chemical class of triazoles. It is widely used to control fungal diseases in various crops. Tebuconazole works by inhibiting the biosynthesis of ergosterol, a critical component of fungal cell membranes. This was priced at USD 8.7 thousand in 2022.
- Mancozeb is a fungicide belonging to the chemical class of dithiocarbamates. It is commonly used to control fungal diseases like late blight, downy mildew, early blight, and anthracnose in crops like potatoes, tomatoes, grapes, and bananas. Mancozeb has a broad spectrum of activity compared to other fungicides and acts on multiple sites within the fungal cell, making it more effective. Mancozeb was priced at USD 7.8 thousand in 2022.
- Azoxystrobin is a fungicide belonging to the chemical class of strobilurins and was priced at USD 4.6 thousand per metric ton. It is widely used to control fungal diseases in various crops. Azoxystrobin works by inhibiting the mitochondrial respiration in fungal cells, resulting in their inability to grow and reproduce and eventually causing their death.
- Metalaxyl is widely used to control fungal diseases such as late blight, downy mildew, and root rot and was priced at USD 4.4 thousand per metric ton. Metalaxyl works by inhibiting the formation of RNA in fungal cells. This disruption prevents the synthesis of essential proteins, leading to the inhibition of fungal growth and reproduction.
- Propineb and Ziram belong to the chemical class of dithiocarbamates. They were priced at USD 3.5 thousand and 3.3 thousand per metric ton, respectively, in 2022. These slight increases in the prices during the historical period were due to the growing demand for these products and the escalating costs of raw materials used in their production.
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Fungicide Industry Overview
The Fungicide Market is fairly consolidated, with the top five companies occupying 79.06%. The major players in this market are BASF SE, Bayer AG, Corteva Agriscience, Syngenta Group and UPL Limited (sorted alphabetically).
Fungicide Market Leaders
BASF SE
Bayer AG
Corteva Agriscience
Syngenta Group
UPL Limited
Other important companies include ADAMA Agricultural Solutions Ltd., FMC Corporation, Jiangsu Yangnong Chemical Co. Ltd, Nufarm Ltd, Sumitomo Chemical Co. Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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Fungicide Market News
- February 2023: Corteva Agriscience launched Univoq, the company's first fungicide product designed specifically for grains. With Inatreq's distinctive mode of action, Univoq delivers preventative, curative, and long-lasting efficacy on the main diseases that endanger cereals as compared to the already available tools.
- February 2023: ADAMA opened a new multi-purpose facility in Brazil. With this factory, the company will be able to deliver all the Prothioconazole-based products in its pipeline to the global market and achieve its objective of introducing a number of innovative items to the Brazilian market in the upcoming years.
- February 2023: Syngenta affirmed its intent to maintain its position as the industry standard in the tomato market by introducing Orondis Ultra, a significant advancement in mildew avoidance.
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.
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 Argentina
- 4.3.2 Australia
- 4.3.3 Brazil
- 4.3.4 Canada
- 4.3.5 Chile
- 4.3.6 China
- 4.3.7 France
- 4.3.8 Germany
- 4.3.9 India
- 4.3.10 Indonesia
- 4.3.11 Italy
- 4.3.12 Japan
- 4.3.13 Mexico
- 4.3.14 Myanmar
- 4.3.15 Netherlands
- 4.3.16 Pakistan
- 4.3.17 Philippines
- 4.3.18 Russia
- 4.3.19 South Africa
- 4.3.20 Spain
- 4.3.21 Thailand
- 4.3.22 Ukraine
- 4.3.23 United Kingdom
- 4.3.24 United States
- 4.3.25 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 Region
- 5.3.1 Africa
- 5.3.1.1 By Country
- 5.3.1.1.1 South Africa
- 5.3.1.1.2 Rest of Africa
- 5.3.2 Asia-Pacific
- 5.3.2.1 By Country
- 5.3.2.1.1 Australia
- 5.3.2.1.2 China
- 5.3.2.1.3 India
- 5.3.2.1.4 Indonesia
- 5.3.2.1.5 Japan
- 5.3.2.1.6 Myanmar
- 5.3.2.1.7 Pakistan
- 5.3.2.1.8 Philippines
- 5.3.2.1.9 Thailand
- 5.3.2.1.10 Vietnam
- 5.3.2.1.11 Rest of Asia-Pacific
- 5.3.3 Europe
- 5.3.3.1 By Country
- 5.3.3.1.1 France
- 5.3.3.1.2 Germany
- 5.3.3.1.3 Italy
- 5.3.3.1.4 Netherlands
- 5.3.3.1.5 Russia
- 5.3.3.1.6 Spain
- 5.3.3.1.7 Ukraine
- 5.3.3.1.8 United Kingdom
- 5.3.3.1.9 Rest of Europe
- 5.3.4 North America
- 5.3.4.1 By Country
- 5.3.4.1.1 Canada
- 5.3.4.1.2 Mexico
- 5.3.4.1.3 United States
- 5.3.4.1.4 Rest of North America
- 5.3.5 South America
- 5.3.5.1 By Country
- 5.3.5.1.1 Argentina
- 5.3.5.1.2 Brazil
- 5.3.5.1.3 Chile
- 5.3.5.1.4 Rest of South America
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 Sumitomo Chemical Co. Ltd
- 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, GLOBAL, 2017 - 2022
- Figure 2:
- ACTIVE INGREDIENT PRICE PER METRIC TON, USD, GLOBAL, 2017 - 2022
- Figure 3:
- FUNGICIDE VOLUME METRIC TON, GLOBAL, 2017 - 2029
- Figure 4:
- FUNGICIDE VALUE USD, GLOBAL, 2017 - 2029
- Figure 5:
- FUNGICIDE MARKET BY APPLICATION MODE, METRIC TON, GLOBAL, 2017 - 2029
- Figure 6:
- FUNGICIDE MARKET BY APPLICATION MODE, USD, GLOBAL, 2017 - 2029
- Figure 7:
- VALUE SHARE OF FUNGICIDE BY APPLICATION MODE, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 8:
- VOLUME SHARE OF FUNGICIDE BY APPLICATION MODE, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 9:
- CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, METRIC TON, GLOBAL, 2017 - 2029
- Figure 10:
- CROP PROTECTION CHEMICALS APPLIED THROUGH CHEMIGATION, USD, GLOBAL, 2017 - 2029
- Figure 11:
- VALUE SHARE OF CHEMIGATION BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 12:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, METRIC TON, GLOBAL, 2017 - 2029
- Figure 13:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FOLIAR, USD, GLOBAL, 2017 - 2029
- Figure 14:
- VALUE SHARE OF FOLIAR BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 15:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, METRIC TON, GLOBAL, 2017 - 2029
- Figure 16:
- CROP PROTECTION CHEMICALS APPLIED THROUGH FUMIGATION, USD, GLOBAL, 2017 - 2029
- Figure 17:
- VALUE SHARE OF FUMIGATION BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 18:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, METRIC TON, GLOBAL, 2017 - 2029
- Figure 19:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SEED TREATMENT, USD, GLOBAL, 2017 - 2029
- Figure 20:
- VALUE SHARE OF SEED TREATMENT BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 21:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, METRIC TON, GLOBAL, 2017 - 2029
- Figure 22:
- CROP PROTECTION CHEMICALS APPLIED THROUGH SOIL TREATMENT, USD, GLOBAL, 2017 - 2029
- Figure 23:
- VALUE SHARE OF SOIL TREATMENT BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 24:
- FUNGICIDE MARKET BY CROP TYPE, METRIC TON, GLOBAL, 2017 - 2029
- Figure 25:
- FUNGICIDE MARKET BY CROP TYPE, USD, GLOBAL, 2017 - 2029
- Figure 26:
- VALUE SHARE OF FUNGICIDE BY CROP TYPE, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 27:
- VOLUME SHARE OF FUNGICIDE BY CROP TYPE, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 28:
- FUNGICIDE CONSUMED BY COMMERCIAL CROPS, METRIC TON, GLOBAL, 2017 - 2029
- Figure 29:
- FUNGICIDE CONSUMED BY COMMERCIAL CROPS, USD, GLOBAL, 2017 - 2029
- Figure 30:
- VALUE SHARE OF COMMERCIAL CROPS BY APPLICATION MODE, %, GLOBAL, 2022 VS 2029
- Figure 31:
- FUNGICIDE CONSUMED BY FRUITS & VEGETABLES, METRIC TON, GLOBAL, 2017 - 2029
- Figure 32:
- FUNGICIDE CONSUMED BY FRUITS & VEGETABLES, USD, GLOBAL, 2017 - 2029
- Figure 33:
- VALUE SHARE OF FRUITS & VEGETABLES BY APPLICATION MODE, %, GLOBAL, 2022 VS 2029
- Figure 34:
- FUNGICIDE CONSUMED BY GRAINS & CEREALS, METRIC TON, GLOBAL, 2017 - 2029
- Figure 35:
- FUNGICIDE CONSUMED BY GRAINS & CEREALS, USD, GLOBAL, 2017 - 2029
- Figure 36:
- VALUE SHARE OF GRAINS & CEREALS BY APPLICATION MODE, %, GLOBAL, 2022 VS 2029
- Figure 37:
- FUNGICIDE CONSUMED BY PULSES & OILSEEDS, METRIC TON, GLOBAL, 2017 - 2029
- Figure 38:
- FUNGICIDE CONSUMED BY PULSES & OILSEEDS, USD, GLOBAL, 2017 - 2029
- Figure 39:
- VALUE SHARE OF PULSES & OILSEEDS BY APPLICATION MODE, %, GLOBAL, 2022 VS 2029
- Figure 40:
- FUNGICIDE CONSUMED BY TURF & ORNAMENTAL, METRIC TON, GLOBAL, 2017 - 2029
- Figure 41:
- FUNGICIDE CONSUMED BY TURF & ORNAMENTAL, USD, GLOBAL, 2017 - 2029
- Figure 42:
- VALUE SHARE OF TURF & ORNAMENTAL BY APPLICATION MODE, %, GLOBAL, 2022 VS 2029
- Figure 43:
- FUNGICIDE MARKET BY REGION, METRIC TON, GLOBAL, 2017 - 2029
- Figure 44:
- FUNGICIDE MARKET BY REGION, USD, GLOBAL, 2017 - 2029
- Figure 45:
- VALUE SHARE OF FUNGICIDE BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 46:
- VOLUME SHARE OF FUNGICIDE BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 47:
- FUNGICIDE MARKET BY COUNTRY, METRIC TON, GLOBAL, 2017 - 2029
- Figure 48:
- FUNGICIDE MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 49:
- VALUE SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 50:
- VOLUME SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 51:
- FUNGICIDE CONSUMED BY SOUTH AFRICA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 52:
- FUNGICIDE CONSUMED BY SOUTH AFRICA, USD, GLOBAL, 2017 - 2029
- Figure 53:
- VALUE SHARE OF SOUTH AFRICA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 54:
- FUNGICIDE CONSUMED BY REST OF AFRICA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 55:
- FUNGICIDE CONSUMED BY REST OF AFRICA, USD, GLOBAL, 2017 - 2029
- Figure 56:
- VALUE SHARE OF REST OF AFRICA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 57:
- FUNGICIDE MARKET BY COUNTRY, METRIC TON, GLOBAL, 2017 - 2029
- Figure 58:
- FUNGICIDE MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 59:
- VALUE SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 60:
- VOLUME SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 61:
- FUNGICIDE CONSUMED BY AUSTRALIA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 62:
- FUNGICIDE CONSUMED BY AUSTRALIA, USD, GLOBAL, 2017 - 2029
- Figure 63:
- VALUE SHARE OF AUSTRALIA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 64:
- FUNGICIDE CONSUMED BY CHINA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 65:
- FUNGICIDE CONSUMED BY CHINA, USD, GLOBAL, 2017 - 2029
- Figure 66:
- VALUE SHARE OF CHINA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 67:
- FUNGICIDE CONSUMED BY INDIA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 68:
- FUNGICIDE CONSUMED BY INDIA, USD, GLOBAL, 2017 - 2029
- Figure 69:
- VALUE SHARE OF INDIA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 70:
- FUNGICIDE CONSUMED BY INDONESIA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 71:
- FUNGICIDE CONSUMED BY INDONESIA, USD, GLOBAL, 2017 - 2029
- Figure 72:
- VALUE SHARE OF INDONESIA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 73:
- FUNGICIDE CONSUMED BY JAPAN, METRIC TON, GLOBAL, 2017 - 2029
- Figure 74:
- FUNGICIDE CONSUMED BY JAPAN, USD, GLOBAL, 2017 - 2029
- Figure 75:
- VALUE SHARE OF JAPAN BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 76:
- FUNGICIDE CONSUMED BY MYANMAR, METRIC TON, GLOBAL, 2017 - 2029
- Figure 77:
- FUNGICIDE CONSUMED BY MYANMAR, USD, GLOBAL, 2017 - 2029
- Figure 78:
- VALUE SHARE OF MYANMAR BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 79:
- FUNGICIDE CONSUMED BY PAKISTAN, METRIC TON, GLOBAL, 2017 - 2029
- Figure 80:
- FUNGICIDE CONSUMED BY PAKISTAN, USD, GLOBAL, 2017 - 2029
- Figure 81:
- VALUE SHARE OF PAKISTAN BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 82:
- FUNGICIDE CONSUMED BY PHILIPPINES, METRIC TON, GLOBAL, 2017 - 2029
- Figure 83:
- FUNGICIDE CONSUMED BY PHILIPPINES, USD, GLOBAL, 2017 - 2029
- Figure 84:
- VALUE SHARE OF PHILIPPINES BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 85:
- FUNGICIDE CONSUMED BY THAILAND, METRIC TON, GLOBAL, 2017 - 2029
- Figure 86:
- FUNGICIDE CONSUMED BY THAILAND, USD, GLOBAL, 2017 - 2029
- Figure 87:
- VALUE SHARE OF THAILAND BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 88:
- FUNGICIDE CONSUMED BY VIETNAM, METRIC TON, GLOBAL, 2017 - 2029
- Figure 89:
- FUNGICIDE CONSUMED BY VIETNAM, USD, GLOBAL, 2017 - 2029
- Figure 90:
- VALUE SHARE OF VIETNAM BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 91:
- FUNGICIDE CONSUMED BY REST OF ASIA-PACIFIC, METRIC TON, GLOBAL, 2017 - 2029
- Figure 92:
- FUNGICIDE CONSUMED BY REST OF ASIA-PACIFIC, USD, GLOBAL, 2017 - 2029
- Figure 93:
- VALUE SHARE OF REST OF ASIA-PACIFIC BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 94:
- FUNGICIDE MARKET BY COUNTRY, METRIC TON, GLOBAL, 2017 - 2029
- Figure 95:
- FUNGICIDE MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 96:
- VALUE SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 97:
- VOLUME SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 98:
- FUNGICIDE CONSUMED BY FRANCE, METRIC TON, GLOBAL, 2017 - 2029
- Figure 99:
- FUNGICIDE CONSUMED BY FRANCE, USD, GLOBAL, 2017 - 2029
- Figure 100:
- VALUE SHARE OF FRANCE BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 101:
- FUNGICIDE CONSUMED BY GERMANY, METRIC TON, GLOBAL, 2017 - 2029
- Figure 102:
- FUNGICIDE CONSUMED BY GERMANY, USD, GLOBAL, 2017 - 2029
- Figure 103:
- VALUE SHARE OF GERMANY BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 104:
- FUNGICIDE CONSUMED BY ITALY, METRIC TON, GLOBAL, 2017 - 2029
- Figure 105:
- FUNGICIDE CONSUMED BY ITALY, USD, GLOBAL, 2017 - 2029
- Figure 106:
- VALUE SHARE OF ITALY BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 107:
- FUNGICIDE CONSUMED BY NETHERLANDS, METRIC TON, GLOBAL, 2017 - 2029
- Figure 108:
- FUNGICIDE CONSUMED BY NETHERLANDS, USD, GLOBAL, 2017 - 2029
- Figure 109:
- VALUE SHARE OF NETHERLANDS BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 110:
- FUNGICIDE CONSUMED BY RUSSIA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 111:
- FUNGICIDE CONSUMED BY RUSSIA, USD, GLOBAL, 2017 - 2029
- Figure 112:
- VALUE SHARE OF RUSSIA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 113:
- FUNGICIDE CONSUMED BY SPAIN, METRIC TON, GLOBAL, 2017 - 2029
- Figure 114:
- FUNGICIDE CONSUMED BY SPAIN, USD, GLOBAL, 2017 - 2029
- Figure 115:
- VALUE SHARE OF SPAIN BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 116:
- FUNGICIDE CONSUMED BY UKRAINE, METRIC TON, GLOBAL, 2017 - 2029
- Figure 117:
- FUNGICIDE CONSUMED BY UKRAINE, USD, GLOBAL, 2017 - 2029
- Figure 118:
- VALUE SHARE OF UKRAINE BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 119:
- FUNGICIDE CONSUMED BY UNITED KINGDOM, METRIC TON, GLOBAL, 2017 - 2029
- Figure 120:
- FUNGICIDE CONSUMED BY UNITED KINGDOM, USD, GLOBAL, 2017 - 2029
- Figure 121:
- VALUE SHARE OF UNITED KINGDOM BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 122:
- FUNGICIDE CONSUMED BY REST OF EUROPE, METRIC TON, GLOBAL, 2017 - 2029
- Figure 123:
- FUNGICIDE CONSUMED BY REST OF EUROPE, USD, GLOBAL, 2017 - 2029
- Figure 124:
- VALUE SHARE OF REST OF EUROPE BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 125:
- FUNGICIDE MARKET BY COUNTRY, METRIC TON, GLOBAL, 2017 - 2029
- Figure 126:
- FUNGICIDE MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 127:
- VALUE SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 128:
- VOLUME SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 129:
- FUNGICIDE CONSUMED BY CANADA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 130:
- FUNGICIDE CONSUMED BY CANADA, USD, GLOBAL, 2017 - 2029
- Figure 131:
- VALUE SHARE OF CANADA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 132:
- FUNGICIDE CONSUMED BY MEXICO, METRIC TON, GLOBAL, 2017 - 2029
- Figure 133:
- FUNGICIDE CONSUMED BY MEXICO, USD, GLOBAL, 2017 - 2029
- Figure 134:
- VALUE SHARE OF MEXICO BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 135:
- FUNGICIDE CONSUMED BY UNITED STATES, METRIC TON, GLOBAL, 2017 - 2029
- Figure 136:
- FUNGICIDE CONSUMED BY UNITED STATES, USD, GLOBAL, 2017 - 2029
- Figure 137:
- VALUE SHARE OF UNITED STATES BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 138:
- FUNGICIDE CONSUMED BY REST OF NORTH AMERICA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 139:
- FUNGICIDE CONSUMED BY REST OF NORTH AMERICA, USD, GLOBAL, 2017 - 2029
- Figure 140:
- VALUE SHARE OF REST OF NORTH AMERICA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 141:
- FUNGICIDE MARKET BY COUNTRY, METRIC TON, GLOBAL, 2017 - 2029
- Figure 142:
- FUNGICIDE MARKET BY COUNTRY, USD, GLOBAL, 2017 - 2029
- Figure 143:
- VALUE SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 144:
- VOLUME SHARE OF FUNGICIDE BY COUNTRY, %, GLOBAL, 2017 VS 2023 VS 2029
- Figure 145:
- FUNGICIDE CONSUMED BY ARGENTINA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 146:
- FUNGICIDE CONSUMED BY ARGENTINA, USD, GLOBAL, 2017 - 2029
- Figure 147:
- VALUE SHARE OF ARGENTINA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 148:
- FUNGICIDE CONSUMED BY BRAZIL, METRIC TON, GLOBAL, 2017 - 2029
- Figure 149:
- FUNGICIDE CONSUMED BY BRAZIL, USD, GLOBAL, 2017 - 2029
- Figure 150:
- VALUE SHARE OF BRAZIL BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 151:
- FUNGICIDE CONSUMED BY CHILE, METRIC TON, GLOBAL, 2017 - 2029
- Figure 152:
- FUNGICIDE CONSUMED BY CHILE, USD, GLOBAL, 2017 - 2029
- Figure 153:
- VALUE SHARE OF CHILE BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 154:
- FUNGICIDE CONSUMED BY REST OF SOUTH AMERICA, METRIC TON, GLOBAL, 2017 - 2029
- Figure 155:
- FUNGICIDE CONSUMED BY REST OF SOUTH AMERICA, USD, GLOBAL, 2017 - 2029
- Figure 156:
- VALUE SHARE OF REST OF SOUTH AMERICA BY CROP TYPE, %, GLOBAL, 2022 VS 2029
- Figure 157:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2017-2022
- Figure 158:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2017-2022
- Figure 159:
- MARKET SHARE OF MAJOR PLAYERS, %, GLOBAL 2023
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. Africa, Asia-Pacific, Europe, North America, South America are covered as segments by Region.
- Fungicides may be applied using a variety of methods, depending on the specific requirements and diseases. Diverse application methods play a crucial role in effectively applying fungicides across various agricultural conditions.
- In 2022, foliar application dominated the fungicide segment, holding the largest market share of 60.1%. This method is highly preferred as it provides efficient protection against foliar fungal diseases by directly targeting the pathogens on the leaves. The foliar application facilitates swift penetration and absorption of fungicides into the plant tissues, ensuring their effective action against fungal pathogens.
- Fungicide seed treatments play a crucial role in addressing fungal infections during the initial phases of plant growth. These treatments create a protective shield around seeds, effectively preventing various diseases like seed rots, seedling blights, damping off, and root rots. Notably, within the global fungicide market, fungicide seed treatments accounted for a significant market share of 14.1% in 2022. This highlights their substantial contribution to safeguarding plant health and promoting successful crop establishment.
- The selection of the application mode is influenced by multiple factors, encompassing the particular disease being targeted, the type of crop, the stage of disease development, and the availability of equipment. The fungicide market is anticipated to expand, projecting an estimated CAGR of 3.8% during the forecast period spanning from 2023 to 2029. This growth reflects the ongoing evolution of strategies to combat plant diseases and enhance agricultural productivity.
| Application Mode | Chemigation | ||
| Foliar | |||
| Fumigation | |||
| Seed Treatment | |||
| Soil Treatment | |||
| Crop Type | Commercial Crops | ||
| Fruits & Vegetables | |||
| Grains & Cereals | |||
| Pulses & Oilseeds | |||
| Turf & Ornamental | |||
| Region | Africa | By Country | South Africa |
| Rest of Africa | |||
| Region | Asia-Pacific | By Country | Australia |
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Myanmar | |||
| Pakistan | |||
| Philippines | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| Region | Europe | By Country | France |
| Germany | |||
| Italy | |||
| Netherlands | |||
| Russia | |||
| Spain | |||
| Ukraine | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | North America | By Country | Canada |
| Mexico | |||
| United States | |||
| Rest of North America | |||
| Region | South America | By Country | Argentina |
| Brazil | |||
| Chile | |||
| Rest of South America |
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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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