Fungicides Market: By Product Type (Dithiocarbamates, Chloronitriles, Triazoles, Benzimidazoles, Phenylamides, Strobilurins), By Crop Type (Oilseeds and pulses, Cereals and grains, Forage crops and pastures, Others), By Formulation Type (Water-dispersible granules, Liquid, Wettable granules), By Application (Soil treatment, Seed treatment, Foliar spray, Post-harvest), and Geography  

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Fungicides Market size was valued at USD 16.84 billion in 2022 and is expected to reach USD 22.12 billion by 2029, at a CAGR of 4.5% from  2023-2029. Fungicides are chemical compounds, which are used to kill the fungi or fungi spores in crops. Fungal infections are a major cause of crop loss and it is a massive threat for cultivation wheat, maize, rice, soybean, fruits & vegetables, and sugarcane among others. Fungicides help in crop protection and gives better quality products with higher yield. Fungicides are classified into either selective to cure specific fungicides or non-selective with the broad spectrum activity and show activity against multiple fungal diseases. Sulfur is the common active ingredient used in the fungicides and the most commonly used fungicides include mancozeb, prochloraz, propiconazole, and chlorothalonil among others. Fungicides market is growing moderate rate over the forecast period due to advancements in the seed technology, which might lag the revenue growth of the fungicides market. Farmers are majorly focusing to improve the crop yield due to rise in global population coupled with a decrease in arable land. Various agriculture institutes and governments around the globe are taking initiation to create awareness about fungicides usage for crop protection. Moreover, increase in the sale of ornamental plants for outdoor and indoor applications due to increase in the urbanization also expected to fuel the fungicides market. In addition, acquisitions and mergers, collaborations, product approvals, and product launchings are the strategies followed by the companies for increasing their revenue share in fungicides market. For instance,

Fungicides Market Key Developments

  • in April 2014, Sumitomo Corporation acquired crop protection fungicide Metominostorbin, a broad-spectrum systemic fungicide from Bayer Crop Science Japan. Furthermore,
  • in September 2015, Dupont received EPA approval for the oxathiapiproline, a fungicide used in fruits and vegetable crops marketed under the trade name of Zorvec.

Fungicides Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.34%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Fungicides Market Dynamics

Factors anticipated to drive the fungicides market are increase in the demand for crop protection for better yields, increase in global population coupled with increase in the demand for food, and growing use of fungicides due to rise in incidence of fungal infections. Moreover, development in novel farming practices, shrinkage in arable land, and innovation and launching of newer products into market are expected to propel the fungicides market revenue over the forecast period. However, technological advancements in the seeds, use of genetically modified crops, adverse effects associated with the fungicides, and lack of awareness about the fungal infections in farmers might hamper the growth of the fungicides market over the forecast period.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Fungicides Market Segmentation

By Product Type
  • Dithiocarbamates
  • Chloronitriles
  • Triazoles
  • Benzimidazoles
  • Phenylamides
  • Strobilurins
By Crop Type
  • Oilseeds and pulses
  • Cereals and grains
  • Forage crops and pastures
  • Others
By Application
  • Oilseeds and pulses
  • Cereals and grains
  • Forage crops and pastures
  • Others
By Formulation Type
  • Water-dispersible granules
  • Liquid
  • Wettable granules

Frequently Asked Questions

The fungicides market size was valued at USD 16.84 billion in 2022

The fungicides market key players are: BASF SE (Germany) Monsanto Company (U.S.) Bayer CropScience AG (Germany) Nufarm Ltd. (Australia) Syngenta AG (Switzerland) E.I. DuPont De Nemours & Company (U.S.) Sumitomo Corporation (Japan) FMC Corporation (U.S.) Mitsui & Co., Ltd. (Japan) Nippon Soda Co. Ltd. (Japan) ADAMA agricultural solution ltd. (Israel)

The fungicides market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

1. Executive Summary

2. Fungicides Market Introduction

2.1. Fungicides Market Taxonomy

2.2. Fungicides Market Definitions

2.2.1. Product Type

2.2.2. Crop Type

2.2.3. Formulation Type

2.2.4. Mode of Application

3. Fungicides Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Fungicides Market Dynamic Factors - Impact Analysis

3.6. Fungicides Market Regulations

3.6.1. U.S.

3.6.2. Europe

3.7. Fungicides Market Recent Product Introductions

4. Fungicides Market Analysis, (2018 - 2022) and Forecast (2023 - 2029)

4.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Oppurtunity Analysis

5. Fungicides Market, By Product Type, (2018 - 2022) and Forecast (2023 - 2029)

5.1. Dithiocarbamates

5.1.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3. Market Opportunity Analysis

5.2. Chloronitriles

5.2.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3. Market Opportunity Analysis

5.3. Triazoles

5.3.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.3.3. Market Opportunity Analysis

5.4. Benzimidazoles

5.4.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.4.3. Market Opportunity Analysis

5.5. Phenylamides

5.5.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.5.3. Market Opportunity Analysis

5.6. Strobilurins

5.6.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.6.3. Market Opportunity Analysis

6. Fungicides Market Forecast, By Crop Type, (2018 - 2022) and Forecast (2023 - 2029)

6.1. Oil Seeds and Pulses

6.1.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Cerals and Grains

6.2.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

6.3. Forge Crops and Pastures

6.3.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.3.3. Market Opportunity Analysis

6.4. Others

6.4.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.4.3. Market Opportunity Analysis

7. Fungicides Market Forecast, By Formulation Type, (2018 - 2022) and Forecast (2023 - 2029)

7.1. Water-dispersible granules

7.1.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Liquid

7.2.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Wettable granules

7.3.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

8. Fungicides Market Forecast, By Mode of Application, (2018 - 2022) and Forecast (2023 - 2029)

8.1. Soil Treatment

8.1.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.1.3. Market Opportunity Analysis

8.2. Seed Treatment

8.2.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.2.3. Market Opportunity Analysis

8.3. Foliar spray

8.3.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.3.3. Market Opportunity Analysis

8.4. Post-harvest

8.4.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.4.3. Market Opportunity Analysis

9. Fungicides Market Forecast, By Region, (2018 - 2022) and Forecast (2023 - 2029)

9.1. North America

9.1.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.1.3. Market Opportunity Analysis

9.2. Europe

9.2.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.2.3. Market Opportunity Analysis

9.3. Asia-Pacific

9.3.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.3.3. Market Opportunity Analysis

9.4. Latin America

9.4.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.4.3. Market Opportunity Analysis

9.5. Middle East and Africa

9.5.1. Market Analysis, (2018 - 2022) and Forecast (2023 - 2029) (Revenue, USD Mn)

9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

9.5.3. Market Opportunity Analysis

9.6. Fungicides Market - Opportunity Analysis Index, By Product Type, By Crop Type, By Formulation Type, Mode of Application and Region, 2023 - 2029

10. North America Fungicides Market Analysis, (2018 - 2022) and Forecast (2023 - 2029)

10.1. Drug Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.1.1. Dithiocarbamates

10.1.2. Chloronitriles

10.1.3. Triazoles

10.1.4. Benzimidazoles

10.1.5. Phenylamides

10.1.6. Strobilurins

10.2. Crop Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

10.2.1. Oil Seeds and Pulses

10.2.2. Cerals and Grains

10.2.3. Forge Crops and Pastures

10.2.4. Others

10.3. Formulation Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.3.1. Water-dispersible granules

10.3.2. Liquid

10.3.3. Wettable granules

10.4. Mode of Application Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.4.1. Triazoles

10.4.2. Benzimidazoles

10.4.3. Phenylamides

10.4.4. Strobilurins

10.5. Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

10.5.1. U.S.

10.5.2. Canada

10.6. North America Fungicides Market - Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, (2018 - 2022) and Forecast (2023 - 2029)

10.7. North America Fungicides Market Dynamics Trends

11. Europe Fungicides Market Analysis, (2018 - 2022) and Forecast (2023 - 2029)

11.1. Drug Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.1.1. Dithiocarbamates

11.1.2. Chloronitriles

11.1.3. Triazoles

11.1.4. Benzimidazoles

11.1.5. Phenylamides

11.1.6. Strobilurins

11.2. Crop Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

11.2.1. Oil Seeds and Pulses

11.2.2. Cerals and Grains

11.2.3. Forge Crops and Pastures

11.2.4. Others

11.3. Formulation Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.3.1. Liquid

11.3.2. Dry

11.4. Formulation Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)Triazoles

11.4.1. Water-dispersible granules

11.4.2. Liquid

11.4.3. Wettable granules

11.5. Mode of Application Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)Triazoles

11.5.1. Soil treatment

11.5.2. Seed treatment

11.5.3. Foliar spray

11.5.4. Post-harvest

11.6. Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

11.6.1. Germany

11.6.2. UK

11.6.3. France

11.6.4. Spain

11.6.5. Italy

11.6.6. Russia

11.6.7. Poland

11.6.8. Rest of Europe

11.7. Europe Fungicides Market - Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, (2018 - 2022) and Forecast (2023 - 2029)

11.8. Europe Fungicides Market Dynamics Trends

12. Asia-Pacific Fungicides Market Analysis, (2018 - 2022) and Forecast (2023 - 2029)

12.1. Drug Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.1.1. Dithiocarbamates

12.1.2. Chloronitriles

12.1.3. Triazoles

12.1.4. Benzimidazoles

12.1.5. Phenylamides

12.1.6. Strobilurins

12.2. Crop Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

12.2.1. Oil Seeds and Pulses

12.2.2. Cerals and Grains

12.2.3. Forge Crops and Pastures

12.2.4. Others

12.3. Formulation Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.3.1. Liquid

12.3.2. Dry

12.4. Formulation Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.4.1. Water-dispersible granules

12.4.2. Liquid

12.4.3. Wettable granules

12.5. Formulation Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.5.1. Soil treatment

12.5.2. Seed treatment

12.5.3. Foliar spray

12.5.4. Post-harvest

12.6. Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

12.6.1. Japan

12.6.2. China

12.6.3. India

12.6.4. ASEAN

12.6.5. Australia & New Zealand

12.6.6. Rest of Asia-Pacific

12.7. Asia-Pacific Fungicides Market - Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, 2023 - 2029

12.8. Asia-Pacific Fungicides Market Dynamics Trends

13. Latin America Fungicides Market Analysis, (2018 - 2022) and Forecast (2023 - 2029)

13.1. Drug Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

13.1.1. Dithiocarbamates

13.1.2. Chloronitriles

13.1.3. Triazoles

13.1.4. Benzimidazoles

13.1.5. Phenylamides

13.1.6. Strobilurins

13.2. Crop Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

13.2.1. Oil Seeds and Pulses

13.2.2. Cerals and Grains

13.2.3. Forge Crops and Pastures

13.2.4. Others

13.3. Formulation Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

13.3.1. Water-dispersible granules

13.3.2. Liquid

13.3.3. Wettable granules

13.4. Formulation Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

13.4.1. Water-dispersible granules

13.4.2. Liquid

13.4.3. Wettable granules

13.5. Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

13.5.1. Brazil

13.5.2. Mexico

13.5.3. Argentina

13.5.4. Venezuela

13.5.5. Rest of Latin America

13.6. Latin America Fungicides Market - Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, (2018 - 2022) and Forecast (2023 - 2029)

13.7. Latin America Fungicides Market Dynamics Trends

14. Middle East and Africa Fungicides Market Analysis, (2018 - 2022) and Forecast (2023 - 2029)

14.1. Drug Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

14.1.1. Dithiocarbamates

14.1.2. Chloronitriles

14.1.3. Benzimidazoles

14.1.4. Phenylamides

14.1.5. Strobilurins

14.2. Crop Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)

14.2.1. Oil Seeds and Pulses

14.2.2. Cerals and Grains

14.2.3. Forge Crops and Pastures

14.2.4. Others

14.3. Formulation Type Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

14.3.1. Water-dispersible granules

14.3.2. Liquid

14.3.3. Wettable granules

14.4. Mode of Application (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

14.4.1. Water-dispersible granules

14.4.2. Liquid

14.4.3. Wettable granules

14.5. Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

14.5.1. Gulf Cooperation Council (GCC) Countries

14.5.2. Israel

14.5.3. South Africa

14.5.4. Rest of MEA

14.6. MEA Fungicides Market - Opportunity Analysis Index, By Drug, By Crop Type, By Formulation Type, Mode of Application and Country, 2023 - 2029

14.7. MEA Fungicides Market Dynamics Trends

15. Competition Landscape

15.1. Strategic Dashboard of Top Market Players

15.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)

15.2.1. BASF SE (Germany)

15.2.2. Monsanto Company (U.S.)

15.2.3. Bayer CropScience AG (Germany)

15.2.4. Nufarm Ltd. (Australia)

15.2.5. Syngenta AG (Switzerland)

15.2.6. E.I. DuPont De Nemours & Company (U.S.)

15.2.7. Sumitomo Corporation (Japan)

15.2.8. FMC Corporation (U.S.)

15.2.9. Mitsui & Co., Ltd. (Japan)

15.2.10. Nippon Soda Co. Ltd. (Japan)

15.2.11. ADAMA agricultural solution ltd. (Israel)

16. Research Methodology

17. Key Assumptions and Acronyms

  • BASF SE (Germany)
  • Monsanto Company (U.S.)
  • Bayer CropScience AG (Germany)
  • Nufarm Ltd. (Australia)
  • Syngenta AG (Switzerland)
  • E.I. DuPont De Nemours & Company (U.S.)
  • Sumitomo Corporation (Japan)
  • FMC Corporation (U.S.)
  • Mitsui & Co., Ltd. (Japan)
  • Nippon Soda Co. Ltd. (Japan)
  • ADAMA agricultural solution ltd. (Israel)