The modern-day document posted via Report Ocean, titled “Fungicides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global fungicides market was valued at $13.4 billion in 2019, and is projected to reach $19.5 billion by 2027, growing at a CAGR of 4.7% from 2020 to 2027. Fungicides are specific types of pesticides that are used to control fungi development in crops. Amongst the different types of fungicides, globally, the use of triazole is the highest as it contributes to nearly 17% of the total market share in terms of value. Market demand for bio-based fungicides is also increasing, owing to it being environment-friendly. Companies are focusing on new product launch to enhance their market share, For instance in 2019,Adama launched Armero, its new dual-mode fungicide from its new in-house production of prothioconazole, a broad-spectrum systemic fungicide. Armero is a key product in controlling Asian soybean rust, a highly impactful disease, which causes significant crop damage and yield loss of up to 90%. The new fungicide helped Adama to improve its product range and reinforce its presence in the fungicides market.
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The global fungicides market is segmented on the basis of type, crop, and region. The type segment is categorized into synthetic fungicide (dithiocarbamates, benzimidazoles, chloronitriles, triazoles, phenylamides, strobilurins and others) and bio-based fungicides. Among synthetic fungicides, the triazoles segment holds a substantial market share within the global fungicides market in terms of value. Bio-fungicide is gaining market popularity as it plays a vital role in enhancing the soil quality of arable lands by balancing mineral contents of the soil. By region, the global fungicide market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe dominates the global market, both in terms of value and volume. The global fungicide market is further divided by crop type, categorized into cereals &grains, oilseeds & pulses, fruits & vegetables, and others. The use of fungicides is the highest in fruits and vegetables
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2027 determine the prevailing opportunities
? A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
? The market size is provided in terms of volume and revenue
? Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building
? Profiles of leading players operating in the market are provided to understand the competitive scenario
? The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
KEY MARKET PLAYERS
– Adama Ltd.
– BASF SE
– Bayer AG
– FMC Corporation
– Corteva Inc.
– Novo Nordisk AG
– Nufarm Ltd.
– Sumitomo Chemical Company
– Syngenta AG
– Tata Chemicals Ltd.
The other players in the value chain include Bioworks, Inc., STK Bio-Ag Technologies, Verdesian Life Sciences, Seipasa, S.A., Ishihara Sangyo Kaisha, Ltd., Nutrichem, and others.
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KEY MARKET SEGMENTS
By Active Ingredient
– Dithiocarbamates
– Benzimidazoles
– Chloronitriles
– Triazoles
– Phenylamides
– Strobilurins
– Others
By Crop Type
– Cereals & Grains
– Oilseeds &Pulses
– Fruits &Vegetables
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o France
o Germany
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o South Korea
o Australia
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Argentina
o South Africa
o Rest of Europe
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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