Fungicides Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Type (Chemical and Biological); Crop (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others); Application (Seed Treatment, Soil Treatment, Foliar Spray, Post-Harvest, and Others); and Region and Country

Detailed Analysis of COVID-19 Impact on the Fungicides Market

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145

Table:

52

Figure:

89

Report ID:

UMCH211106

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Report Description

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The global fungicides market is likely to showcase a growth of around 5% during the forecast period. Over the years, the world witnessed a rise in population and is continuously growing to create greater demand for food and changes in food consumption patterns. And the strain on land, which is a limited resource, has also grown. However, the growth of the population outpaced the land growth, thereby reducing the agricultural land per capita. Besides, the diseases which damage crops and plants are also increasing. They are reducing the production of crops and there is huge economic loss. For instance, the Food and Agriculture Organization (FAO) estimates that annually up to 40 percent of global crop production is lost to pests. Each year, plant diseases cost the global economy over $220 billion, and invasive insects at least $70 billion. This reduction in crop production due to diseases and the rising population has increased the global focus on improving crop yield, thereby increasing the interest of fungicide manufacturers to produce more advance, productive, and less toxic to humans, fungicides. Fungicides are the products used for protecting farm products from insects, pests, and diseases. These are the specific products also used for improving quality and increasing crop production.

Insights Presented in the Report

“Amongst type, the biological segment is likely to showcase robust growth during the forecast period”

Based on type, the market is categorized into chemical and biological. Of both, the biological category is likely to showcase robust growth during the forecast period owing to increasing adoption in light of the shifting focus on organic products. Biological fungicides are made up of organic matter which is used in the agriculture sector for controlling pathogenic organisms, insect infestation, and plant diseases. Bio-fungicide also plays a vital role in enhancing the soil quality of arable lands by balancing the essential contents of the soil. Moreover, chemical fungicides sometimes kill crop and plants if not handled carefully as it contains toxic substances.

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“Amongst crops, the cereals and grains held a prominent market share in 2020”

Based on crop, the market is categorized into cereals and grains, fruits and vegetables, and others. Among these, cereals and grains held a prominent market share. Cereals and grains are the largest consumed class of crops. Moreover, cereals and grains cover a vast area of cultivation in the world. It has become prominent to use pesticides for cereals and grains production. The increasing consumption of cereals and grains, such as rice, wheat, rye, corn, oats, sorghum, and barley, across the region is driving the demand for fungicides in this segment.

“Amongst applications, post-harvest considerably has a large share in the market in 2020”

Based on application, the market is categorized into seed treatment, soil treatment, foliar spray, post-harvest, and others. Among these, post-harvest considerably has a large share in the market. It is very essential to store crops, fruits, vegetables, and others properly after harvesting. As many fungal diseases grow after harvesting due to moisture content and climatic conditions. So, it has become very important to use fungicides at the time of storage of crops, fruits, vegetables, and others to mitigate the losses and thereby, fueling the market of fungicides.

“Asia-Pacific accounted for a considerable share in the fungicides market”

For a better understanding of the market adoption of fungicides, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The large base of the agriculture sector of the Asia-Pacific region helped the region to obtain a dominating position in the market. Regional demand for fungicides due to agriculture consumption is needed in order to feed the growing and already higher population. Additionally, in countries, such as India and other southeast Asian countries, the arable land per person is decreasing at an alarming rate as the population is increasing and due to pollution and climatic conditions diseases are also increasing here the use of fungicides can play an important role in increasing the average crop yields per hectare.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry


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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Fungicides Market
2.2.Research Methodology of the Fungicides Market
2.3.Forecasting Method 
2.4.Respondent Profile 
2.5.Main Objective of the Fungicides Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5GLOBAL FUNGICIDES MARKET COVID-19 IMPACT
6GLOBAL FUNGICIDES MARKET REVENUE (USD MN), 2019-2027F
7.1.Chemical
7.2.Biological
8.1.Cereals & Grains
8.2.Oilseeds & Pulses
8.3.Fruits & Vegetables
8.4.Others 
9.1.Seed Treatment
9.2.Soil Treatment
9.3.Foliar Spray
9.4.Post-Harvest
9.5.Others 
10.1.North America Fungicides Market 
 10.1.1.United States
 10.1.2.Canada
 10.1.3.Rest of North America
10.2.Europe Fungicides Market 
 10.2.1.Germany
 10.2.2.France
 10.2.3.United Kingdom
 10.2.4.Italy
 10.2.5.Spain
 10.2.6.Rest of Europe
10.3.Asia Pacific Fungicides Market
 10.3.1.China
 10.3.2.Japan
 10.3.3.India
 10.3.4.Australia
 10.3.5.Rest of Asia Pacific
10.4.Rest of World Fungicides Market 
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12FUNGICIDES MARKET OPPORTUNITIES
13FUNGICIDES MARKET TRENDS
14LEGAL & REGULATORY FRAMEWORK
15.1.Demand Side Analysis
15.2.Supply Side Analysis
16VALUE CHAIN ANALYSIS
17.1.Porters Fiver Forces Analysis
18.1.BASF SE 
18.2.Bayer AG 
18.3.Sumitomo Chemical Co. Ltd.
18.4.Syngenta AG
18.5.Corteva Inc.
18.6.United Phosphorus Limited
18.7.Adama Agricultural Solutions
18.8.Jiangsu Yangnong Chemical Group Co. Ltd.
18.9.Nufarm Ltd.
18.10.FMC Corporation
19DISCLAIMER

Research Methodology

Research Methodology for Global Fungicides Market Analysis (2021-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of fungicides, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the agrochemical industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of fungicides through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the fungicides market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type, crop, and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of fungicides globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of fungicides. Further, we conducted factor analysis using dependent and independent variables such as increasing demand from the agriculture sector, increasing fungicides manufacturing capacity, and increasing plant diseases. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the fungicides industry.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global fungicides market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of fungicides across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the fungicides market. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global fungicides market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type, crop, and application.

The main objective of the fungicides market study

The current & future market trends of global fungicides were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of fungicides in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include the area of type, crop, and application
  • Defined analysis of the regulatory framework for the fungicides industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the major countries
  • Major regions/countries analyzed in the report include North America (United States, Canada, Mexico, and Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the fungicides market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country-level analysis of the industry

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