Fungicides Market to Reach USD 24.20 Billion by 2032; Precision Farming Techniques Combined with Multi-Site and Multi-Mode Formulations Strengthen Market Expansion

The global food processing and handling equipment market size was valued at USD 18.70 billion in 2024 and is estimated to reach USD 19.40 billion in 2025. By exhibiting a CAGR of 3.21% over the forecast period, the market is set to hit USD 24.20 billion by 2032. Fortune Business Insights™ presents this information in its report titled “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 population is estimated to reach 9.7 billion in 2050. While food production will witness an upward trajectory, limited arable land and crop diseases will generate an amplified demand for fungicides. Asia Pacific, South America, and certain parts of Europe are regions with high agricultural productivity, demonstrating modern farming practices.

Deployment of drone spraying in precision farming helps to lower wastage and improve crop yield. To achieve maximum production, companies are developing fungicides that are formulated for optimal droplet size. These enhanced methods increase bioavailability while reducing environmental impact.

Rovensa Next Launched OspoVi55 to Combat Powdery Mildew and Protect Crop Health

Rovensa Next unveiled Ospo Vi55 – a next-gen biofungicide designed to safeguard cucurbit crops and vineyards. First introduced in June 2024 in Brazil, Ospo Vi55 is specifically formulated with Bacillus subtilis (iab/bs03) and other co-formulants. This new-age biofungicide comes with improved fungicidal effects to fight against powdery mildew, a fungal disease majorly occurring in melon and grape.

Preference for Fungicides with Advanced Formulations Creates Trend for Sustainable Products

Changing cropping patterns and food structure, innovative and advanced formulations of fungicides, and shifting preference toward combination and multi-mode products indicate a favorable market scenario. Organisation for Economic Co-operation and Development (OECD) and CropLife International report registration of over 60% of new fungicides between 2018 and 2024. Industry guidelines buttress this trend as promotion of multi-site and multi-mode formulations smooths out pest management operations.

Nevertheless, economic viability and the convenience of chemical pesticides lead to their substantial usage. Its overuse also allows fungus to develop resistance, stifling the fungicides market growth.

Local Players and Large Firms Seek to Reinforce Market Position via Improved Product Offering

The global fungicides market houses established agro-chemical companies, some big names include Bayer AG, FMC Corporation, ADAMA Ltd., and BASF SE. Joint ventures, R&D, and M&A’s enable firms to consolidate market position and deliver bundled product offerings. Sustainable agriculture solutions are the central battlefront. Domestic companies are defending their turf by introducing a dedicated portfolio of crop protection products. Corteva Agriscience strengthened its footprint via the September 2025 launch of Zorvec Entecta in India, particularly made for potatoes and grapes to fight Late Blight and Downy Mildew.

Key Industry Development

• December 2024: Koppert and Amoéba joined forces to introduce a new-age biofungicide solution called AXPERA, based on an amoeba lysate; derived from the amoeba Willaertia magna C2c Maky. This eco-friendly crop protection alternative targets several fungal diseases, including Downy Mildew and Powdery Mildew.

List of Key Players Profiled in the Report

• 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)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/press-release/global-fungicides-market-10082

Further Report Findings

• Europe’s fungicides market share approached 29.19% in 2024, cementing it as the world’s largest producer of wheat. Production of high-value crops from France, Italy, Spain, and the U.K. reflects significant utilization of fungicides.
• Asia Pacific’s strong position is steered by India and China’s robust agricultural production, and registers a CAGR of 4.15% through 2032. Precision farming, government initiatives, and increasing food demand will collectively assist the region’s strong growth.

Table of Segmentation