Persistence Market Research Pvt. Ltd is released new forthcoming report on title "Fungicides Market: Global Industry Analysis and Forecast 2014 - 2020".
New York, NY -- (SBWIRE) -- 07/10/2015 -- Fungicides are biocidal chemical compounds used to kill or inhibit fungi or fungal spores. Fungicides are used in the agriculture sector to treat damagesby the attack of fungi on the crops resulting in the critical loss of yield and quality of the crop.In addition, they are used to treat fungal infections such as mycosis in animals. They are a special type of pesticides that control fungal diseases .These include vascular diseases such as Fusarium and Verticillium wilt. Thereare of three types of fungicides viz.translaminar,contact and systemic depending on the mechanisms they treat the fungi attacks.The most active ingredient in fungicides is sulfur.Other ingredients include neem oil,jojoba oil, rosemary oil, the bacterium strain of Bacillus subtillis and beneficial fungus Ulocladium oudemansii.Azoxystrobin, boscalid, chlorothalonil, mancozeb, metalaxyl, prochloraz, propicanazole, vinclozolin and quinoxyfen are the various kinds of fungicides products available in the market. These fungicides are used according to the type of crop they are applied on viz. cereals,fruits & vegetables,rice,grapevine and soybean among others.Some fungicides such as vinclozolin are dangerous to human health, which have now been removed from use whereas a number of fungicides are also used in human health care.
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Increasing demand for crops and seed is expected to drive the demand for the fungicides market.As countries such as India, China and Indonesia are agriculture driven regions, the demand for fungicides is high. A major trend of genetically modified (GM) crops in the developed region, especially in the U.S., has also increased the demand for fungicides. Due to these factors, the fungicides industry in North America is projected to have grown significantly in the past few years. However,stringent governmental regulations on the manufacture of pesticides are expected to hamper the global market over the next few years. For instance, the major laws governing the use of fungicides in the United States are the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), and Federal Food, Drug, and Cosmetic Act (FFDCA).In addition,the Office of Pesticide Program of EPA is chiefly responsible for implementing these regulatory acts on the manufacture and use of pesticides.According to these laws,all pesticides must be registered before they are sold. For obtaining these registrations,the manufacturers have to demonstrate if the pesticide is environmental friendly. Furthermore, development of low cost organic fungicides is expected to open new avenues for the global fungicides market.
Demand for fungicides was highest in North America due to the prevalence of a large genetically modified crops industry where fungicides are used for seed treatment purposes. However, the market for fungicides in developed regions such as North America and Europe is maturing. Support by national governments and regulatory bodies in the form of tax grants and policies in countries such as Brazil and Argentina has resulted in the continuous provision of organic products of better quality .AsiaPacific is likely to witness the fastest growth during the forecast period where emerging countries such as China and India dominate the fungicides industry due to the increasing awareness among the population generated by government support for crop protection. Development of low cost organic fungicides is expected to open new avenues for the global fungicides market.
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Key players in the fungicides market are BASF Crop Protection Global, Bayer Crop Science AG, Dow Agrosciences LLC, E.I. du Pont de Nemours & Company, Mitsui Chemicals Inc, Sumitomo Chemical and Syngenta AG among others.
Key Points Covered in the Report
1) Market segmentation on the basis of type, application, product, and technology (as applicable)
2) Geographic segmentation
3) Market size and forecast for the various segments and geographies for the period from 2010 to 2020
4) Company profiles of the leading companies operating in the market
5) Porter's Five Forces Analysis of the market
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