Fungicides Market Research Report and Forecast up to 2023 Fungicides Market - Global Industry Analysis, Size

Fungicides Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015
- 2023
Fungicides are chemical formulations used to manage fungal diseases in plants.
These can be selective and non-selective based on their targets of activity.
Fungicides are available in various formulations that incorporate individual or a
blend of active ingredients for specific or broad spectrum activity.
Increasing demand for fungicides in key applications such as fruits & vegetable
crops and non-crop applications in turf grass, ornamental plants, etc., is projected to
fuel the global fungicide market. Swift growth in global population, especially in
developing countries, is anticipated to increase food security concerns.
Furthermore, limited availability of arable land raises the need for use of yield
enhancing agricultural inputs (including fungicides). This is estimated to drive
demand for fungicides across the globe. Initiatives to educate and increase
awareness among farmers regarding benefits and correct usage of fungicides are
projected to create growth opportunities for future growth of the fungicide market.
However, rising incidences of resistance to fungicides and development of
genetically modified crops that are resistant to fungal diseases are likely to hamper
market growth during the forecast period. Mancozeb fungicide product segment is
estimated to be the largest as well as the fastest growing fungicides product.
Mancozeb is relatively low priced, effective, non-selective. Additionally, mancozeb
has registered least number of incidences of resistance compared to other non-
selective fungicide active ingredients available in the market.
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market.html
This report provides detailed description of the global fungicides market based on
volume share (kilo tons) and revenue (US$ Mn) from 2014 to 2023. It highlights
factors that drive and restrain the market. Detailed forecast for fungicide from 2015
to 2023 has been provided separately for better understanding of the market
scenario. The fungicide market has been described with respect to various
segments along with potential opportunities during the next eight years. Value
chain analysis and Porter’s Five Forces model have been included to provide a
comprehensive view of the market. These would also help understand specifics of
the industry structure apart from giving an overview of the degree of
competitiveness.