Fungicides Market Size, Share & Industry Analysis, By Type (Chemical [Triazoles, Strobilurins, Dithiocarbamates, Inorganics, Chloronitriles, and Others] and Biological), By Form (Liquid and Dry), By Application Method (Foliar Treatment, Chemigation, Seed Treatment, and Others), By Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables, and Others), and Regional Forecast, 2025-2032

The global fungicides market size was valued at USD 18.70 billion in 2024. The market is projected to grow from USD 19.40 billion in 2025 to USD 24.20 billion by 2032, exhibiting a CAGR of 3.21% during the forecast period.

Fungicides are chemical compounds applied to kill or suppress the development of fungi and their spores, which can cause serious damage to crops in agriculture and lead to yield and quality losses. They manage parasitic fungi and oomycetes by being applied in the form of sprays, dusts, or seed dressings and may be contact, translaminar, or systemic based on the way they act within plant tissues. With the global population growing to 9.7 billion in 2050, there is a rising need to expand food production while coping with limited arable land. The rising incidence of crop diseases and increasing focus on high agricultural productivity continue to drive the demand for fungicides worldwide. Farmers rely on fungicides to protect crops from fungal diseases, which helps improve crop productivity and yield, fueling the global fungicides market demand.  Countries in the Asia Pacific, South America, and parts of Europe are witnessing rapid growth in fungicide consumption due to expanding agricultural activity, improving farming practices, and food security concerns.

The leading companies dominating the global market include BASF SE, Bayer AG, Syngenta AG, Corteva Agriscience, FMC Corporation, and others. The long-term prosperity of these players depends on creating innovative active ingredients to fight resistance, continuing to develop bio-based and sustainable solutions, expanding distribution networks, and merging digital and precision modern agriculture technologies.

MARKET DYNAMICS

Market Drivers

Introduction of Novel Products to Drive Market Growth

The area under fruits & vegetables is increasing with the change of the global food structure and the changing cropping pattern. This has further resulted in an increasing demand for fungicide products comprising novel active ingredients. These innovations bring new active ingredients and advanced formulations that improve the efficacy, spectrum, and environmental profile of fungicides.

• In June 2025, BASF SE, a European multinational company and one of the largest chemical producers, started the registration process for its new fungicide innovation Adapzo Active (Flufenoxadiazam) to control Asian Soybean Rust (ASR), a major disease affecting soybean crops in South America. This new active ingredient is the industry's first histone deacetylase (HDAC) inhibitor. It offers a novel mode of action for effective control and resistance management of ASR, including mutated fungal strains resistant to existing products.

Market Restraints

Growing Resistance to Active Ingredients May Hamper Growth

Among the various types of pesticides available in the market, chemical pesticides are widely used for protecting crops due to their affordability and convenience. The use of these products indiscriminately on the crops leads to several negative side effects. For instance, beneficial non-target microorganisms present in crops, such as Trichoderma, Arbuscular Mycorrhizal Fungi, may be negatively affected by the use of these products on crops.

Additionally, the continuous use of these products on the crops may cause the fungus present in the crops to develop resistance against the products.

• Botrytis cinerea, a grey mold fungus present in fruits and vegetables, developed resistance against fungicides. Several other fungi have also developed resistance against fungicide products. This acts as a major factor restraining the adoption of fungal pesticide products for crop protection.

Market Opportunities

Technological Advancements and Precision Agriculture to Unlock New Growth Opportunities

The incorporation of precision agriculture tools, including drone spraying and sensor-driven applications, enhances the effectiveness of fungicide application in minimizing wastage and the environmental footprint. These technologies present prospects for new formulations and modes of application. For instance, firms are designing fungicides that are well-suited for drone spraying systems to provide optimal droplet size and formulation stability, enhancing coverage and bioavailability. This fusion of drone technology with fungicide technology results in increased efficiency, cost-effectiveness, and reduced environmental impact.

Fungicides Market Trends

Shift Toward Combination and Multi-Mode Products to Shape the Industry

The recent trend in the fungicides market shows a shift toward combination and multi-mode products to effectively tackle the issue of resistance development in pathogens. Farmers are increasingly using mixtures such as triazoles combined with strobilurins or triazoles paired with Succinate Dehydrogenase Inhibitors (SDHIs) to improve both the spectrum of disease control and the efficacy of treatment.

• According to the Organisation for Economic Co-operation and Development (OECD) and CropLife International, over 60% of new fungicide registrations between 2018 and 2024 involve co-formulated products. This trend is reinforced by industry guidelines promoting integrated pest management programs that include multi-site and multi-mode formulations as key strategies to sustainably manage diseases.

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SEGMENTATION ANALYSIS

By Type

Chemical Segment Dominates Owing to Its High Usage in Developing Nations

On the basis of type, the market is segmented into chemical and biological.

The chemical segment dominates the fungicides market with an 85.45% share in 2024, and a projected CAGR of 2.20% through 2025-2032. Chemical origin fungicidal, also known as synthetic fungicides, are biocidal substances that can kill or prevent the growth of fungi and their spores. The chemical fungicidal products are predominantly preferred over the biological products due to their immediate effect in controlling the growth of fungi. Moreover, the high stability and easy availability of chemical fungicide products in the market are the crucial factors that are responsible for the dominance of this segment.

The biological segment is expected to grow significantly in forecast period with a CAGR of 7.93% in 2025. The rising demand for effective crop protection solutions is driving innovation in the development of advanced fungicides and bio-based products.

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By Form

Ease of Application and Rapid Absorption & Action of Liquid Fungicides Helps Segment Growth

On the basis of form, the market is segmented into liquid and dry.

The liquid segment is anticipated to maintain a significant position in the global fungicides market, securing a value of USD 13.63 billion in 2024.  Fruits and vegetables are very susceptible to fungal diseases such as blights, mildews, rusts, anthracnose, and rots, which lead to heavy yield loss and reduce the quality of produce. Prevention of these losses is essential through effective control of fungi. Rising health awareness globally and pressure for fresh, high-quality fruits and vegetables are pushing farmers to apply fungicides to achieve market quality and consumer satisfaction.

The dry segment is expected to grow at a CAGR of 2.66% during the forecast period.

By Application Method

Foliar Treatment Segment to Exhibit High Growth Stoked by Their Increasing Preference

On the basis of application method, the market is segmented into foliar treatment, chemigation, seed treatment, and others.

The foliar segment dominates the global fungicides market, holding a 67.29% share in 2024. The high preference given to the foliar treatment is due to its uniform application and low volume requirement per hectare. The reduction in volume requirement per hectare increases the profitability of farmers by saving input costs and protecting the crop yields from damage. In addition to this, the foliar application covers vulnerable plant surfaces and blocks the entry of pathogens that invade the crop. The foliar application also helps to eradicate the already established infections and reduce the secondary inoculum.

The chemigation segment is anticipated to grow significantly at a CAGR of 4.40% during the forecast period.

By Crop Type

High Susceptibility to Fungal Diseases and Growing Consumer Demand Fuels the Fruits & Vegetables Segment Market Leadership

On the basis of crop type, the market is segmented into cereals, oilseeds & pulses, fruits & vegetables, and others.

The fruits & vegetables segment accounted for 38.69% of the global fungicides market share in 2024. Fruits and vegetables are very susceptible to fungal diseases such as blights, mildews, rusts, anthracnose, and rots, which lead to heavy yield loss and reduce the quality of produce. Prevention of these losses is very much essential through effective control of fungi. Rising health awareness globally and pressure for fresh, high-quality fruits and vegetables are pushing farmers to apply fungicides to achieve market quality and consumer satisfaction.

The cereal segment is anticipated to grow at a CAGR of 3.10% during the forecast period.

Fungicides Market Regional Outlook

Regionally, the global fungicides report covers the market analysis across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

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The fungicides market is currently dominated by Europe, which accounted for 29.19% of the global market share in 2024. Europe is a major producer of cereals, grains, and high-value crops, with Spain, France, Italy, and the U.K. leading in crop production. Wheat alone is vital, with Europe being the world’s largest wheat producer. The large cultivated area and high crop value stimulate continuous fungicide use.

Asia Pacific is expected to grow significantly with a 27.49% revenue share in 2024, driven by rapid urbanization, increasing food demand, a burgeoning population, and strong agricultural production in China and India. The region benefits from government initiatives, technological adoption such as precision farming, and the favorable tropical climate, promoting fungal diseases, resulting in a projected CAGR of 4.15% from 2025 onwards.

South America ranked third after Asia Pacific in market size in 2024, largely due to expansive agricultural activities and crop disease management needs, driving continued fungicide adoption. The South American market is predicted to expand at the fastest pace during the foreseeable years. The rapid increase in fungicide consumption in the region, especially for the cultivation of cereals and oilseeds, presents a resilient opportunity for the companies to increase their footprint. Brazil, Argentina, and Colombia are the key consumers in the region. However, the fungicide consumption in Brazil and Argentina is projected to grow at a stable rate, while the consumption in Colombia is declining.

North America was the fourth-largest market in 2024, with a focus on technological advancements, precision agriculture, increasing awareness of fungal threats to crops, and ongoing R&D in crop protection supporting a CAGR of 2.88%. The U.S. especially emphasized innovative fungicide solutions to maintain agricultural productivity.

The fungicides market growth in the Middle East & Africa is primarily driven by increased usage of chemical fungicide products and the adoption of advanced agricultural practices. South Africa is the major consumer in the African region. The consumption of these products in the region is driven by the optimum application of products in high-value crops such as fruits & vegetables, and nuts.

COMPETITIVE LANDSCAPE

Key Industry Players

Market Holds a Fragmented Structure Owing to Presence of Domestic, Regional, and Global Players

Major agro-chemical companies such as Syngenta AG, FMC Corporation, Bayer AG, ADAMA Ltd., and BASF SE have established a separate product portfolio of crop protection products, which include fungicides, to meet the growing demand among farmers. Additionally, local manufacturers and regional players are competing with major players to increase their market share. Growing investments in research and development are enabling companies to introduce effective and sustainable agricultural solutions. Furthermore, they are also focused on acquisitions and mergers to consolidate their position and compete with other key players.

• For instance, in September 2025, Corteva Agriscience launched a new fungicide called Zorvec Entecta in India. This fungicide is specifically designed for grapes and potatoes to provide long-lasting protection against two major diseases: Downy Mildew (Plasmopara viticola) in grapes and Late Blight (Phytophthora infestans) in potatoes.

Key Players in the Fungicides Market

List of Key Fungicides Companies Profiled

• Bayer AG (Germany)
• BASF SE (Germany)
• Syngenta AG (Switzerland)
• Corteva, Inc. (U.S.)
• FMC Corporation (U.S.)
• Sumitomo Chemicals (Japan)
• UPL Ltd. (India)
• Nufarm (Australia)
• ADAMA Agricultural Solutions Ltd. (Israel)
• Isagro SpA (Italy)

KEY INDUSTRY DEVELOPMENTS

• June 2025: IHARA Manufacturing Co., Ltd., a Japanese company, launched two novel fungicides in Brazil named MIGIWA and PROPERTY. MIGIWA contains the active ingredient ipflufenoquin and is particularly effective in preventing apple black spot disease.
• September 2024: FMC Corporation unveiled three innovative crop protection solutions for farmers in India. The new products include Velzo Fungicide and two other herbicides. The launch involved interactions with farmers and recognition of key channel partners, underscoring FMC's collaborative approach in India.
• October 2023: “Bayer”, one of the well-known agriculture products companies based in the U.K., received approval from the Chemicals Regulation Division (CRD) for its new active substance to be used in fungicides. The new substance is isoflucypram, which will be used in its product called Vimoy.
• September 2022: BASF, a well-known agriculture nutrition manufacturer, announced the launch of its all-new innovative fungicide product called Revylution, which received approval for use in New Zealand.
• November 2022: Bayer announced the launch of its new fungicide called Luna Flex under its Luna brand, which is registered for critical crops, fruits, and vegetables, including apples. The new product is designed to deal with scab, melanosis, powdery mildew, and gummy stem blight.

REPORT COVERAGE

The global fungicides market industry report analyzes the market in depth and highlights crucial aspects such as market trends, market dynamics, prominent companies, investment in research and development, and end-use. Besides this, the report also provides insights into the global market analysis and highlights significant industry developments.

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Report Scope & Segmentation