According to Future Market Insights research, during the projected period, the Global Fungicide Active Ingredient market is expected to grow at a CAGR of 3.5%. The market value is projected to increase from US$ 19,121.7 Mn in 2022 to US$ 26,972.3 Mn by 2032. The Fungicide Active Ingredient was valued at US$ 18,456.7 Mn at the end of 2021.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | US$19,121.7 Million |
| Market Forecast Value in 2032 | US$26,972.3 Million |
| Global Growth Rate (2022 to 2032) | 3.5% CAGR |
| Forecast Period | 2022 to 2032 |
| Market Share of UK in Europe | 5.8% |
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Fungicides are chemical compounds previously utilized by individuals to safeguard the plants from infections and pollutions. These chemical substances reduce the fungal growth in crops and is vital to the protection of crops. It has been noted that, infections are the key reason for damage to crop and plant that could be brought on by the variety of organisms.
In the past couple of decades, fungicides have been an important section of the management of disease-related agricultural problems. Fungicides are utilized for both the farm and also to kill fungi in animals. Fungicides are formulated as a combination of the active ingredients (neem oil, rosemary oil, jojoba oil, the bacterium Bacillus subtilis, and the beneficial fungus Ulocladium oudemansii. and inert components that improve the functioning of the item.
Global Industry Analysis 2017–2021 with a percentage CAGR of 4% and Opportunity Assessment 2022–2032 estimated forecast for Fungicide Active Ingredient percentage CAGR of 3.5%.
The market for fungicide active ingredients was valued at US$ in 2017 to 2021 projected to grow at a CAGR of 4% and from 2022 to 2032 to reach US$ 26,972.3 (Mn) projected to grow at a CAGR of 3.5%. The report examines the market's volume and value (in US dollars) Ingredients used as fungicide active ingredients in agriculture protect crops from fungi-related illnesses. On a global and regional scale, the study offers forecast and analysis for the fungicide active ingredient market is decrease due to the change in the lifestyle and food consumption habits of people.
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Fungicides are frequently the very first chemical substances utilized by humans to preserve the flora from infection and pollutions. This chemical compound reduces the fungal growth in flowers and therefore plays an important part in the protection of the flora. The active ingredients are neem oil, rosemary oil, jojoba oil, the bacterium Bacillus subtilis.
Growing food production due to a growing population motivates farmers to use the best sort of fungicide to protect their crops in order to maximise output and reduce crop-infection risk. Over the course of the forecast period, this is predicted to boost the expansion of the global market for fungicide active ingredients. In addition, there is a significant demand for fungicides in important applications various vegetation.
In terms of the total revenue generated by the worldwide fungicide active ingredient market in 2022, Europe held the largest market share. Over the course of the forecast period, it is expected that the expansion of the Asia Pacific fungicide active ingredients market would be supported by rising populations and rising levels of education in developing nations. In addition, the market for fungicide active ingredients in Latin America is anticipated to expand rapidly over the coming years.
According to FMI, some of the leading players identified across the value chain of the global Fungicide Active Ingredients market include BASF, Bayer Crop science, DuPont, Dow AgroSciences, Syngenta and Monsanto.
In terms of revenue, BASF held the largest market share in the market for fungicide active ingredients worldwide. In order to keep the product market orientated as needed, the majority of players additionally operate regional research and testing centers across all geographic zones.
The global fungicide active ingredients can also be bifurcated on the basis of application in crops such as Cereals, grains, pulses, oilseeds, vegetables, fruits and others
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According to a recent report from FMI, the supermarket and industrial distributors are propelling the growth fungicide active ingredient in market. The retailers are attributing this growth to the increased demand for organic products and the utility of these products in terms of cost and performance.
The FMI report covers the period between 2017 and 2021 and provides insights into how the fungicide active ingredient market will grow during this time. The report states that the retail sector will continue to be a major driver of growth for the fungicide active ingredient market, with an expected compound annual growth rate (CAGR) of 3.6%.
This growth can be attributed to several factors, including the continued demand for organic products, as well as the increased utility of these products in terms of cost and performance. In addition, retailers are also expected to benefit from the growing trend of private label products.
Growing food production due to a growing population motivates farmers to use the best sort of fungicide to protect their crops in order to maximize output and reduce crop-infection risk. Over the course of the forecast period, this is predicted to boost the expansion of the global market for fungicide active ingredients.
Apart from this, robust demand for fungicides Active Ingredient in major utilization in such as vegetable and fruit crops and in ornamental and turf grass is also likely to foster the growth of worldwide from 2022-2032.
Expansion of the global market for fungicide active ingredients is anticipated to be fueled by worries about food security in the region brought on by population growth, particularly in developing nations like China and India. On the other hand, the market places a higher premium on the active ingredients used in fungicides than it does on organic pesticides.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Mn for Value and Units for Volume |
| Key Regions Covered |
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| Key Segments Covered |
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| Key Companies Profiled |
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| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Fungicide Active Ingredient market is forecasted to the surpass US$ 26972.3 Mn by the end of 2032 and excepted forecast CAGR OF 3.5%.
The global Fungicide Active Ingredient market will reach a valuation of US$ 18,456.7 Mn by the end of 2022.
US, Germany, Japan, China are the major countries driving demand for Fungicide Active Ingredient Market.
The China Fungicide Active Ingredient Market is contributing CAGR of 5.1% of 2022 value share in Global market.
The US Fungicide Active Ingredient Market is contributing CAGR of 31.1% of 2022 value share in Global market.
The Germany Fungicide Active Ingredient market is expected to register 29.0% CAGR between 2022 and 2032.
The US Fungicide Active Ingredient market is expected to register 4.9% CAGR between 2022 and 2032.
The demand for Fungicide Active Ingredient is expected to grow at 2.3% CAGR between 2022 and 2032.
The Japan Fungicide Active Ingredient market will grow at 9.8% CAGR between 2022 and 2032.
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Fungicide Active Ingredients Market
