Growth Opportunities in the Fungicides Market look promising over the next six years. This is mainly due to the increasing crop diseases, the rising demand for high-value crops, the launch of novel fungicide products, and growing crop diseases are fuelling the adoption of fungicides.
Fungicides Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The significant drivers contributing to the growth of the global fungicides market include the increasing crop diseases, the rising demand for high-value crops, and the launch of novel fungicide products. It has been seen that about 15% of stable crops offer about half of the calorie intake. Climate change is the main reason which affects plants in natural ecosystems and agriculture. Plant disease management faces different problems globally due to the competition of land in fertile areas, the exhaustion of marginally arable lands, the strong demand for diverse foods to support the growing population, a better risk of epidemics, and reduction of natural resources. To fulfill the population demand, farmers at a global level have begun to adopt fungicides for the crop, as the treated plants are more effective in photosynthesis instead of untreated ones. Thereby, the growing crop diseases are fuelling the adoption of fungicides across the globe, which further propels the growth of the fungicides market share in terms of revenue. It has been witnessed that the rising use of fungicides in plants has developed resistance for the chemicals among fungus. Several times fungicides are not able to avoid plants owing to the increased resistance of some fungus will hamper the growth of the market.
Application Segment Drivers
Based on application, the market is segmented into chemigation, foliar spray, seed treatment, post-harvest, and soil treatment. The post-harvest is anticipated to rise at a faster CAGR in the coming years due to the many times the post-harvest of crops or vegetables and fruits becomes an issue owing to the existence of minor wounds during traveling, packaging, and handling of the items. These wounds become penetrating areas for fungicides to protect such mishappenings, farmers utilize fungicides post-harvesting.
Fungicides Market’s leading Manufacturers:
- Thales Group
- Siemens AG
- International Business Machines Corp.
- Cubic Corporation
- Denso Corporation
- Garmin Ltd.
- TomTom International BV.
- Flir Systems Inc.
- Lanner Electronics Inc.
- EFKON GmbH
Fungicides Market Segmentation:
Segmentation by Mode of Transport:
Segmentation by Type:
- Advanced Traffic Management System
- Advanced Traveller Information System
- ITS-Enabled Transportation Pricing System
- Advanced Public Transportation System
- Commercial Vehicle Operation
Segmentation by Application:
- Fleet Management and Asset Monitoring
- Intelligent Traffic Control
- Collision Avoidance
- Parking Management
- Passenger Information Management
- Ticketing Management
- Emergency Vehicle Notification
- Automotive Telematics
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
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