Persistence Market Research is released new forthcoming report on title "Fungicides Market: Global Industry analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 01/13/2015 -- Plant diseases are the cause of crop and plant damage which is caused by plant pathogenic (disease causing organism). Fungi are the most common pathogenic organism that damages the productivity of crop or plant. Other pathogenic organism causing damage to the crop and plants are viruses, nematodes and bacteria. Fungicides, herbicides and insecticides are some of the pesticides which are used to protect the plants and crops from harmful diseases caused by the pathogenic organism. Fungicides are referred as biocidal (microorganism that can control effect on harmful organism by chemical or biological means) chemical compounds or biological organisms which is used to destroy or inhibit fungi or fungal spores. Plant disorders caused by abiotic (non-living) factors such as nutrients deficiency and air pollution are not controlled by fungicides. Fungicides are applied as dust, granules, gas and majorly in liquid form.
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Plant diseases have a significant economic impact on yield and quality, thus managing diseases is an essential component of production. On the bases of types the global fungicides market can be bifurcated into triozoles fungicides, phenylamides fungicides, benzimidazole fungicides, dithiocarbamate fungicides, Chloronitriles fungicides and others. Triozoles fungicides have the largest market share for fungicides. Also, the global fungicides market can be bifurcated on the bases of types of crops using fungicides cereals and grains, fruits and vegetables, oilseeds and pulses and others.
North America has the largest market share for fungicides, followed by Europe and Asia Pacific. North America is expected to maintain its dominance in the forecasted period. European region is expected to witness average growth. However, Asia Pacific region is expected to witness highest growth in the coming future, in turn becoming threat for North America in term of market share. Booming agricultural sector in countries such as India and China are expected to boost the Asia Pacific fungicides market in the forecasted period.
With increasing population, demand for food items is increasing. To cater the increasing demand, better agriculture facilities is required, increasing the importance of fungicides in the agricultural sector. Additionally, farmers are getting aware about the significant economic impact of fungicides on yield and quality of the crop. This is further expected to increase the demand for fungicides in the global market. However, strict government regulation on use of certain fungicides may hamper the fungicides market.
Owing to increasing demand of fungicides form the agricultural sector have influenced the manufacturing companies to develop innovative fungicides products. Some of the major companies operating in the global fungicides market are Syngenta AG, Bayer AG, The Dow Chemical Company, Nufarm Limited, Makhteshim Agan Industries, E.I. Dupont De Nemours & Company, Chemtura Corporation, BASF, Cheminova and Nippon Soda Co. Ltd.
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