Chemicals and Materials Global Fungicides Market (2016-2024)- Research Nes | Page 10

Growth Drivers and Challenges
Rising global population along with growing demand for food, grains,
vegetables and other agricultural products are believed to be the major
factors propelling the growth of global fungicides market. Additionally,
increase in crop loss due to fungal diseases and rise in food security
concerns for the growing population are anticipated to be the dynamic
factor behind the rapid growth of fungicides market. Further, rising
adoption of fungicides in agriculture sector to enhance the quality and
quantity of production of grains, vegetables and fruits and growing
demand for crop protection are expected to flourish the growth of
fungicides market across the globe.
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Moreover, growing awareness regarding the benefits of fungicides
among farmers along with change in farming practices (from traditional
to conventional) are envisioned to positively impact the growth of
fungicides market.
However, rising environmental and health concerns related with
continuous usage of synthetic fungicides is projected to dampen the
growth of fungicides market.
Key Players
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