New York, According to a new market research report published by Global Insight Services “Fungicides Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A fungicide is a type of pesticide that is used to kill fungi or fungal spores. Fungicides are used in agriculture, horticulture, and home gardening, and are used to prevent and treat fungal diseases such as powdery mildew, rust, black spot, and downy mildew. Many fungicides are applied as sprays, and some are available as powders or granules. Some fungicides are systemic, meaning they are absorbed by the plant and distributed throughout the plant to protect it from fungal diseases.
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Key Trends
The key trends in Fungicides technology are the development of new active ingredients, the use of new formulations, and new delivery methods.
New active ingredients are being developed that are more effective against fungal diseases and that are less toxic to humans and the environment. New formulations are being developed that are more effective in controlling fungal diseases. New delivery methods are being developed that are more effective in delivering the fungicide to the target area.
Key Drivers
The key drivers of the fungicides market are the increasing demand for food and the need to protect crops from fungal infections. The global population is projected to reach 9.1 billion by 2050, and the demand for food is expected to increase significantly. To meet this demand, farmers will need to increase crop production, which will require the use of more fungicides.
Fungal infections can cause significant losses in crop yields, and the use of fungicides is the most effective way to prevent these infections.
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Market Segmentation
By Active Ingredients
- Dithiocarbamates
- Benzimidazoles
- Chloronitriles
- Triazoles
- Others
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Key Players
The key players in the fungicides market are Adama Ltd., BASF SE, Bayer AG, FMC Corporation, Corteva Inc., Novo Nordisk AG, Nufarm Ltd., Sumitomo Chemical Company, Syngenta AG and Tata Chemicals Ltd.
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Reasons to buy Fungicides Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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