TMR_Research_Reports_2017 Fungicides Market To Reach US$16.30 bn in 2023 | Page 3

Fungicides Market
The increasing shift towards modern agriculture practices is also working in favor of the market. Governments worldwide are playing a vital role in the development of the market by educating farmers and creating awareness among farmers regarding merits and correct usage of fungicides. Moreover, the rising urbanization is triggering the sales of ornamental plants for indoor and outdoor applications, which in turn is stimulating the adoption of fungicides.
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Development of Genetically Modified Crops to Limit Widespread Adoption of Fungicides
“ Most of the fungus have been observed to develop a resistance to fungicides with the passage of time. This suppresses the effectiveness of fungicides, which is acting as a major impediment to the market,” says a TMR analyst. Additionally, the development of genetically modified crops, which have a strong resistance to fungus, is hampering the growth prospects. Furthermore, the rising use of fungicides is leading to the growing incidence of soil toxicity, which is negatively impacting the environment. This is, therefore, limiting the global market from realizing its utmost potential. However, the emergence of integrated pest management( IPM) is likely to unfold tremendous opportunities for the growth of the fungicides market.
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TABLE OF
Chapter 1- Preface 1.1 Report Description 1.2 Market Segmentation 1.3 Research Scope and Assumptions 1.4 Research Methodology 1.5 Research Models
Chapter 2- Executive Summary 2.1 Global Fungicides Market, Volume and Revenue,( Kilo Tons)( US $ Mn), 2014 – 2023 2.2 Market Snapshot
Chapter 3- Industry Analysis 3.1 Introduction
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