Fungicides are the type of pesticides that are widely used to kill fungi and fungi spores, control rust, mildews and blights and to prevent crop against any fungal infection. The rising demand for fungicides is found majorly in high-value crops, such as grapes, pome fruits, cotton, tomato, maize and other ornamental vegetable crops, as they help in improving the crop quality and yield. Growing prevalence of various harmful crop diseases, changes in environmental condition, rising health concerns among the farmers and increasing awareness regarding the benefits of using fungicides are most likely to drive the market growth of fungicides. In addition to this, major government bodies, along with agricultural committees, are working hard to spread the awareness regarding the utilization of fungicides and pesticides and other important matrices, such as understanding infection types, amount of usage per crop and time intervals between any two doses, so as to ensure safe and appropriate farming practices and gain better quality yield. Therefore, the rising demand for better crop quality and yield, adoption of advanced technologies by farmers and increasing popularity of bio-based fertilizers are the main factors propelling the growth of the fungicide market over the projected period.
The global Fungicides market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key drivers of development is enhanced. To estimate the market size, boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down. The research examines the competitive landscape as well as the most current positions of major rivals in the Fungicides industry.
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Key Industry Players in the Fungicides Market:
· Sumitomo Chemical Co. Ltd (Japan)
· PI Industries (India)
· FMC Corporation (USA)
· ADAMA Ltd. (Israel)
· BASF SE(Germany)
· UPL(India)
· Bayer AG (Germany)
· Syngenta AG(Switzerland)
· The Dow Chemical Company (US)
· Cheminova A/S(Denmark)
· Chemtura Corporation (US)
· Bioworks Inc (United States)
· American Vanguard Corporation (US) and other major players.
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. Also, due to the high concentration of active ingredients, the chemical fungicidal products can cover a large acreage. In the chemical fungicide products market, dithiocarbamates, triazoles, inorganic fungicides, strobilurins, and chloronitriles are highly preferred by growers across the world.
Segmentation Analysis Includes,
By Type:
· Chemical
· Biological
By Crop type:
· Cereals and Grains
· Oilseeds and Pulses
· Fruits and Vegetables
By Mode of Application:
· Seed treatment
· Foliar spray
· Soil treatment
· Post-harvest
By Region:
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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Key Benefits:
· The report provides an in-depth analysis of the forecast along with the current and future market trends
· This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period
· Porter’s five forces analysis helps analyze the potential of the buyers suppliers and the competitive scenario of the industry for strategy building
· The qualitative data in this report aims on market dynamics, fungicides market trends, and developments
· A comprehensive analysis of the factors that drive and restrain the fungicides market growth are provided
It describes the top and new vendors and their various strategies such as geographic expansion strategies, merger and acquisition, research and development, and new product introduction strategies in order to execute future industry growth and expansion over a foreseeable time period. The Market Share Analysis examines suppliers in terms of their contribution to the entire market. It provides an indication of how much income it generates in comparison to other suppliers in the industry.
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The global outbreak of COVID-19 was followed by lockdowns across several countries and this had a severe impact on the production and supply of products. The disruption in the supply chain of plant protection products including fungicide products was also due to the labor shortage. Further, the disruption caused by the COVID-19 pandemic in the flow of crop protection products, either from local or international suppliers to the farm level, has already resulted in reduced outputs.
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