Global Fungicides Market – Expected to Grow At A CAGR Of 4.78 % By 2021

Global Fungicides Market – Expected to Grow At A CAGR Of 4.78 % By 2021

The Fungicides Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc.

According to the report the Fungicides Market is estimated to be USD 14.49 billion in 2016 and predicted to rise to USD 18.3 billion by 2021 with a CAGR of 4.78%. The market is segmented by type (Synthetic fungicides (Benzimidazoles, Triazoles, Chloronitriles, Phenylamides, Strobilurins, Dithiocarbamates and others), Bio fungicides), Crop Type (Fruits and vegetables, Oilseeds, Pulses, Cereals and Grains and others), Form (Liquid, wettable powder, water dispersable powder), Mode of Application (Soil treatment, post-harvest, foliar spray, seed treatment and others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

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In recent years, the market has shown significant growth and if the market trends continue it is expected of the market to show huge potential in the upcoming years. The major drivers for the Fungicides market include, need for food security due to increasing population, loss of crops to fungal diseases, high investments in R&D, shrinking arable land, change in farming practices. The restraints faced by the market include, stringent government regulations, rising environmental pollution and alternates like genetically modified seeds.

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The Global Fungicides Market is segmented broadly on the basis of type, crop type, form, mode of application. Based on type, the market segment leading the market is phenylamides and is expected to show the highest CAGR in the coming years. The liquid formulation dominates the market under segmentation by form. Further, based on crop type and application mode, the market leaders are Crops & cereals and Foliar spray respectively.

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Based on geographical analysis, the market is segmented into various regions. The Europe market was estimated to have the largest market share and on the hand Asia-Pacific market is expected to show the highest CAGR in the coming years, due to high investments in the agricultural sector lately.

The major companies covered in the report with their latest stats, include Dow AgroSciences LLC, BASF SE, Sumitomo Chemical Co., Syngenta AG, Ltd, Bayer CropScience AG, Cheminova A/S, Nippon Soda Co. Ltd, and Nufarm Ltd.

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