Fungicides Market: Global Forecast until 2022

"Global fungicides market forecasted to grow at a CAGR (Compound annual growth rate) of ~4.8 percent"

The overall fungicides market is estimated to grow a value of ~$19.2B by 2022, increasing at a compound annual growth rate (CAGR) of ~4.8 percent from 2016. The sector is influenced by Elements such as rise in the crop production, ease of application, rise in need for food security for the growing population, and increase in preference for fungicides. The change in farming practices, clubbed with advanced technologies and promotion by the governments of many countries across the globe also drives the industry demand for fungicides in the agricultural market. Nevertheless, Elements such as lack of education and appreciation among the farmers and growth in instances of environmental toxicology, are selecting the increase of the fungicides market.

"Triazoles segment recorded for the largest part of market share in 2015 among the types of fungicides"

On the basis of class, fungicides have been broken down into benzimidazoles, dithiocarbamates, phenylamides, chloronitriles, strobilurins, and triazoles. Among these, triazoles recorded for the biggest market share in 2015, succeeded by strobilurins and chloronitriles, respectively. Triazole fungicides have gained a renewed interest, particularly in the U.S. under the threat of Asian soybean rust, a fungal pathogen introduced via South America region.

"Foliar spray segment led the industry with the biggest market share in 2015"

On the basis of mode of application, the fungicides market has been split into foliar spray, seed treatment, soil treatment, and post-harvest. The sector was led by foliar spray succeeded by soil treatment. Foliar is largely used by farmers as a result of its high efficiency and ease of use.

"Europe (EU) controled the industry with the biggest share"

EU formed the biggest market for fungicides in 2015, because Asia-Pac recorded for the second-largest market share in 2015. The overall fungicides market is divided region-wise, with An in-depth study of each area by studying the top industries. These areas contain North America continent, Europe (EU), Asia Pacific (APAC), Latin America area, and the Rest of the globe.

Distribution of profile of primary members taking part is like:

- By Company category: Tier 1 - 30 %, Tier 2 - 45.0 percent, and Tier 3 - 25.0 percent

- By Description: Directors - 22.0 percent, C-suite - 28.0 percent, and Grade of manager - 50.0 percent

- By area: North america (NA) - 35.0 percent, Europe - 23.0 percent, Asia-Pacific - 32.0 percent, and rest of the world - 10.0 percent

The fungicides market is leaded by, is monopolized by BASF SE, Dow AgroSciences LLC, Sumitomo Chemical Co., Limited, and Bayer CropScience AG. Other actors contain Syngenta AG Nippon Soda Co. Ltd. and Nufarm Ltd..

Segment Research

- This analysis estimates the overall market of fungicides, in terms of dollar value, until 2022, divided on the basis of type, crop type, form, and mode of application

- It affords a in-depth qualitative and quantitative analysis of this market with reference to the competitive landscape, and the preferred development strategies including agreements, business developments, mergers, and acquisitions to benefit a better share in the sector

- It offers a comprehensive analysis of major market drivers, industry restraints, possibilities, opportunities, winning imperatives, and main issues of the market

- It includes different important aspects of the market. These include study of the value chain, opposing landscape, market forces, industry estimates in terms of value importance, and next trends in the fungicides market

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized several levels of analysis - industry, market share research of top players, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the fungicides market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on fungicides provided by the top actors in the overall fungicides market

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and recent product launches in the fungicides market

- Industry development: Highlighted information about lucrative emerging markets-the report examines the industries for fungicides across several areas

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall fungicides market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall fungicides market