"We Envision Growth Strategies Most Suited
to Your Business"
The global fungicides market size was USD 17.71 billion in 2020. The market is projected to grow from USD 18.43 billion in 2021 to USD 25.81 billion by 2028, exhibiting a CAGR of 4.93% during the forecast period (2021-2028).
This information is provided by Fortune Business Insights™, in its report, titled, “Fungicides Market Size, Share & COVID-19 Impact Analysis, By Type (Chemical and Biological), Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables, and Others), Application Method (Foliar, Chemigation, Seed Treatment, and Others), and Regional Forecast, 2021-2028.”
According to our expert researchers, an upsurge in mindfulness concerning the advantages of fruits & vegetables and the rising health apprehensions have led to the growing demand for fruits & vegetables in developed as well as the emerging nations. This in turn has raised the demand for fungicides.
Global Demand & Supply Interruption of Fungicide Products amid COVID-19 to Limit Growth
The arrival of COVID-19 pandemic has brought the production measures of several industries to a dead end. In spite of all the moderations in the lockdown plans, specific principles, such as social distancing and deterioration of workforce were mandatory to implement.
The commotion activated by the COVID-19 pandemic in the movement of crop protection products, either from local or global providers to the farm level, has at present led to deteriorated productions.
To get a detailed report summary and research scope of this market, click here:
BASF Presents Encartis, a New Dual-active Fungicide to Expand Growth Prospects
BASF has presented Encartis, which is a fungicide, is a powerful dual-active fairway solution that offers precautionary and beneficial activity against dollar spot and 10 additional vital foliar ailments.
Encartis fungicide is presented in a novel, effortless-to-utilize, pre-mix formulation, merging the forte of both boscalid as well as chlorothalonil, for sturdy precautionary protection and fast healing action. The dual-active solution offers long lasting defense for up to 28 days to assist preserve healthy, infection-free playing circumstances throughout the season.
Unveiling of New Products to Endorse Acceptance of Fungicides
The area under fruits & vegetables is rising with the alteration of the global food structure and the varying cropping pattern. This has further led to a surging demand for fungicide products encompassing novel active ingredients.
Additionally, owing to the growing disease resistance to strobilurin fungicides, the manufacturers present in the market are emphasizing on the formation of strobilurins in amalgamation with the other products. These factors are responsible for contributing to the fungicides market growth during the forecast period.
Procurements Instigated by Crucial Companies to Endorse Market Growth
The dominating players in the market continuously root for competent strategies to bolster their brand value as well as promote the global market growth of the product with encountering least possible obstacles. One such efficient strategy is acquiring competitive companies and further securing a profit for both the companies.
List of Key Players Covered in this Market Report
Further Report Findings-
Based on type, the global market is classified into:
Chemical segment to emerge as a dominant segment owing to their high usage in developing nations.
Table of Segmentation
Value (USD Billion)
By Crop Type
By Application Method