Fungicides Market Rising at 4.78% CAGR to Register $US 19.17 Billion by 2022
The global fungicides market is projected to reach a value of USD 19.17 billion by 2022, growing at a CAGR of 4.78% from 2016 while triazoles segment accounted for the largest market share in 2015 among the types of fungicides.
Pune, India – October 13, 2016 /MarketersMedia/ —
The fungicides market is driven by factors such as growth in the crop production, ease of application, increase in need for food security for the increasing population, and rise in preference for fungicides. The change in farming practices (from traditional to conventional), clubbed with advanced technologies and promotion by the governments of many countries across the world also drives the demand for fungicides in the agricultural sector. However, factors such as lack of education and awareness among the farmers and rise in instances of environmental toxicology, are restraining the growth of the fungicides market.
Complete report on global fungicides market spread across 144 pages, profiling 10 companies and supported with 65 tables and 56 figures is now available at http://www.reportsnreports.com/reports/289574-fungicides-market-by-type-benzimidazoles-dithiocarbamates-phenylamides-chloronitriles-strobilurins-triazoles-by-crop-type-cereals-grains-oilseeds-pulses-fruits-vegetables-by-geography-global-trends-forecasts-to-2019.html .
On the basis of type, fungicides have been segmented into benzimidazoles, dithiocarbamates, phenyl amides, chloronitriles, strobilurins, and triazoles. Among these, triazoles accounted for the largest market share in 2015, followed 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.
On the basis of mode of application, the fungicides market has been segmented into foliar spray, seed treatment, soil treatment, and post-harvest. The market was led by foliar spray followed by soil treatment. Foliar is largely used by farmers because of its high efficiency and ease of use.
Europe formed the largest market for fungicides in 2015, whereas Asia-Pacific accounted for the second-largest market share in 2015. The global fungicides market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).
The fungicides market is dominated by BASF SE (Germany), Dow AgroSciences LLC (U.S.), Sumitomo Chemical Co., Ltd (Japan), and Bayer CropScience AG (Germany).Other players include Syngenta AG (Switzerland) Nippon Soda Co. Ltd. (Japan) and Nufarm Ltd. (Australia).
Request a discount on Fungicides Market by Type (Benzimidazoles, Dithiocarbamates, Phenylamides, Chloronitriles, Strobilurins, and Triazoles), Crop Type (Cereals & Grains, Oilseeds & Pulses), Form (Liquid, Wettable powder), Mode of Application – Global Forecast to 2022 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=289574 .
Breakdown of profile of primary participants is as follows:
By Company Type: Tier 1 – 30 %, Tier 2 – 45%, and Tier 3 – 25%
By Designation: Directors – 22%, C level – 28%, and Manager level – 50%
By Region: North America –35%, Europe – 23%, Asia-Pacific– 32%, and RoW – 10%
The report provides insights on the following pointers:
> Market Penetration: Comprehensive information on fungicides offered by the top players in the global fungicides market
> Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the fungicides market
> Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for fungicides across various regions
> Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global fungicides market
> Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global fungicides market.
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