Global Fungicides Market 2017-2021

Overview of the global fungicides market

According to Technavio's fungicides industry analysis and forecast, the increasing use of fungicides in horticulture will be one of the primary factors that will have a positive impact on the market’s growth. Managing vegetable crop diseases is one of the major challenges for home gardeners. Traditional methods including proper site selection, plant spacing, staking, and watering are highly preferred for disease management in homegrown vegetable gardens. Fungicide treatments such as the usage of Chlorothalonil, Mancozeb, Myclobutanil, Propiconazole, and Tebuconazole are also preferred by home gardeners. Fungicides are highly effective in controlling common diseases in vegetables grown in home gardens. The increasing usage of fungicides for horticulture will fuel the market’s growth during the forecast period. Technavio’s market research analysts predict that the fungicides market growth will be at a CAGR of above 5% by 2021.

In terms of geographic regions, APAC will be the major revenue contributor to the fungicides market throughout the forecast period. The increased production of vegetables and fruits with cereal and grains and the awareness of farmers on the suitable use of fungicides, will drive the demand for fungicides in the region.

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Competitive landscape and key vendors 

The major players in the fungicides market compete based on technology, trait leadership, price, quality, and cost. The market consists of many global and regional players. Several small regional fungicide manufacturers also account for significant market shares. In addition to supplying chemicals, distributors also target small end-user segments and agents supply products in highly localized and regional markets.

The leading vendors in the market are –

• BASF
• Bayer
• FMC
• Sumitomo Chemical
• Syngenta

The other prominent vendors in the market are ADAMA Agricultural Solutions, American Vanguard Corporation, Isagro, ISHIHARA SANGYO KAISHA, NIPPON SODA, and UPI.

Segmentation by type and analysis of the fungicides market

• Synthetic fungicides
• Bio fungicides

During 2016, the synthetic fungicides segment accounted for the major shares of this market. Factors such as the availablity of a wide range of synthetic fungicides and its ease of application for farmers, will contribute to the growth of this industry segment in the coming years.

Segmentation by application and analysis of the fungicides market

• Fruits and vegetables
• Cereals and grains
• Oilseeds and pulses

According to this market research report, the fruits and vegetables segment will account for the maximum shares of the fungicides market until 2021. The increasing consumption of fruits and vegetables and the growing need for tropical and exotic fruits in the developing countries, will drive the growth prospects of the market in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be of the global fungicides market in 2021?
• What are the key factors driving the global fungicides market?
• What are the key market trends impacting the growth of the global fungicides market?
• What are the challenges to market growth of the global fungicides market?
• Who are the key vendors in the global fungicides market?
• What are the market opportunities and threats faced by the vendors in the global fungicides market?
• Trending factors influencing the market shares of the global fungicides market in APAC, Europe, MEA, North America, and South America.
• What are the key outcomes of the five forces analysis of the global fungicides market?