Fungicides Market size was valued at US $19.56 Billion in 2020 and the Fungicides Market revenue is expected to grow at 4.60% through 2021 to 2027, reaching nearly US $24.22 Billion.
Fungi are a common cause of crop damage, causing yield, quality, and profitability to suffer. As a result, fungicides are applied to crops at various stages of development to eliminate undesirable fungi that reduce yield. Rising disease outbreaks as a result of changing climatic conditions, as well as increased cultivation of high-value crops, are expected to drive global fungicides market growth. As a result, global demand for fungicides to reduce crop loss is increasing.
Introduction of Fungicides market:
Each and every insight presented in the report was published by an expert group of Stellar Market Research, which is derived from primary interviews with top officials from leading companies in the domain concerned. The report’s secondary data research methodology includes deep online and offline research and discussion with expert professionals and analysts in the Fungicides industry. In the report, Fungicides market reports, industry trends have been explained on the macro level, which is expected to help to find an outline market landscape and probable future issues.
Fungicides Market Overview:
The SMR Fungicides Market report examines the upstream, midstream, and downstream industries' historical and projected growth. The market study goes into detail about the overall market size, overall revenue, and market segmentation. The SMR research thoroughly considers a variety of factors, including current market competition, potential growth barriers, and profiles of key manufacturers, as well as production and consumption by relevant areas.
Fungicides Market Key players:
BASF SE (Germany)
Bayer AG (Germany)
Corteva Inc. (United States)
Syngenta AG (Switzerland)
FMC Corporation (United States)
UPL Ltd. (India)
Adama Ltd. (Israel)
Sumitomo Chemical Co. Ltd. (Japan)
Nufarm Limited (Australia)
Isagro SpA (Italy)
Dhanuka Agritech (India)
Nippon Soda Co. Ltd. (Japan)
AMVAC Chemical Corporation (United States)
Nissan Chemical Corporation (Japan)
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Fungicides Market Drivers:
The fungicides market is being driven by global population growth, which necessitates increased agricultural production, as well as rising plant diseases, limited agricultural land, and the adoption of advanced farming techniques. The fungicides market is being driven by various market players implementing innovative strategies to gain a competitive advantage over other businesses and secure a larger market share.
Fungicides Market Segmentation:
This is most likely due to rising post-harvest losses, increased rice cultivation, and the region's agricultural industry's expansion. Among the major crops grown in Asia are rice, sugar beets, fruits and vegetables, cereals, and grains. 90% of the world's rice production is consumed in the region. Australia, India, and China are the major contributors to the growth of this market in this region. China is widely regarded as the world's largest consumer of fungicides.
Prime Reasons to purchase a Fungicides Market report:
The goal of the Fungicides market report is to help consumers to gain more information and a clearer understanding of the industry. The Fungicides market growth analysis includes development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status for international markets.
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 03, 2023
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