Market Data Forecast

Market Data Forecast Says, "Growing Demand for Quality Food to Propel the Fungicides Market Growth"

Fungicides Market was worth USD 14.49 billion in 2016 and is expected to reach USD 18.30 billion by 2021 with a CAGR of 4.78 %.

 

Hyderabad, India -- (SBWIRE) -- 02/07/2018 -- The global Fungicides Market is expected to reach USD 18.3 Billion by 2021 from an expected value of USD 14.49 Billion in 2016, according to a new report by Market Data Forecast, Inc.

Fungicides are used to prevent fungal diseases of plants and allow unrestrictive growth of plants. Rising prevalence of fungal diseases in crops, increasing food demand, growing investments in R&D activities and the advent of innovative farming practices are some of the key driving factors of the market. Nonetheless, factors, for example, stringent administrative conditions vary in nations, the increment in natural contamination and move to hereditarily altered seeds are hampering the development of the fungicides showcase.

Browse full research report with TOC on "Fungicides Market by type (Synthetic fungicides (Benzimidazoles, Triazoles, Chloronitriles, Phenylamides, Strobilurins, Dithiocarbamates and others), Bio fungicides), Crop Type (Fruits and vegetables, Oilseeds, Pulses, Cereals and Grains and others), Form (Liquid, wettable powder, water dispersable powder), Mode of Application (Soil treatment, post-harvest, foliar spray, seed treatment and others) and by Region – Global Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021)"at: https://www.marketdataforecast.com/market-reports/global-fungicides-market-1920/

Market Data Forecast has segmented the global beryllium market on the basis of Type, Crop Type, Form and Mode of Application.

By Type, Market is segmented into synthetic and bio-fungicides. The synthetic fungicides are further segmented into Benzimidazoles, Triazoles, Chloronitriles, Phenylamides, Strobilurins, Dithiocarbamates and others. Based on Crop type, Market is categorised into Fruits and vegetables, Oilseeds, Pulses, Cereals and Grains and others. Based on Form, the market is segmented into Liquid, Wettable powder, water-dispersable powder. Based on the mode of application, the market is divided into Soil treatment, post-harvest, foliar spray, seed treatment and others.

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Some of the major manufacturers of the Fungicides Market are BASF SE, Dow AgroSciences LLC, Sumitomo Chemical Co., Ltd, Bayer CropScience AG, Syngenta AG, Nippon Soda Co. Ltd, Cheminova A/S, and Nufarm Ltd.

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Further Key Findings from the Report Suggest:
Cereals and grains segment commanded the largest market share and is expected to continue doing the same during the forecast period.
Phenyl amides segment is expected to witness a high CAGR during the forecast period owing to ease of usage.
Europe leads the global market geographically in 2016 with Italy and France being the major focus of the market. The major reason for this is acceptance of new farming techniques by people.
Asia-Pacific segment is expected to witness high CAGR owing to the growing population and rising demand for food.
Companies like BASF SE, Dow AgroSciences LLC, Sumitomo Chemical Co., are leading the market currently.

Browse related reports by Market Data Forecast:
Crop Protection Pesticides market - https://www.marketdataforecast.com/market-reports/global-crop-protection-pesticides-market-452/
Bio Pesticide Market - https://www.marketdataforecast.com/market-reports/global-bio-pesticide-market-484/

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