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Global Fungicides Market Size, Industry Share & Forecast 2032

  • Writer: Pallavi Garudkar
    Pallavi Garudkar
  • 24 hours ago
  • 2 min read
Fungicides Market
Fungicides Market

According to Fortune Business Insights the global fungicides market size was valued at USD 18.70 billion in 2024. The market is projected to grow from USD 19.40 billion in 2025 to USD 24.20 billion by 2032, exhibiting a CAGR of 3.21% during the forecast period.

The global fungicides market comprises chemical and biological products used to protect crops from fungal infections that reduce yield and quality. Fungicides play a critical role in modern agriculture by controlling diseases such as rusts, blights, mildews, and rots across cereals, fruits & vegetables, oilseeds, and other crops. Rising global food demand, climate-driven disease pressure, and the need for higher agricultural productivity continue to drive market growth.

Market Share Highlights

  • Asia Pacific holds a major share due to extensive agricultural activity, high crop disease incidence, and strong demand from emerging economies.

  • Europe represents a significant market, driven by intensive farming practices and strict crop protection standards.

  • North America maintains steady demand supported by advanced farming techniques and large-scale crop production.

Key Market Drivers

  • Rising Global Food DemandIncreasing population and food consumption are driving the need to improve crop yields and minimize losses caused by fungal diseases.

  • High Prevalence of Crop DiseasesFungal infections remain one of the most damaging threats to agricultural output, supporting continued fungicide use.

  • Adoption of Modern Farming PracticesGrowth in precision agriculture, integrated pest management, and high-value crop cultivation boosts fungicide demand.

  • Technological Advancements in FormulationsImproved formulations offering better efficacy, longer protection, and reduced application frequency are supporting market growth.

Market Trends

  • Shift Toward Biological and Bio-Based FungicidesGrowing environmental awareness is driving demand for sustainable and residue-free crop protection solutions.

  • Precision and Targeted ApplicationFarmers are adopting efficient application methods to reduce wastage and improve disease control.

  • Product Diversification by ManufacturersCompanies are expanding portfolios to include both chemical and biological fungicides.

  • Climate Impact on Disease PatternsChanging weather conditions are increasing the frequency and intensity of fungal outbreaks.

Market Segmentation

By Type

  • Chemical Fungicides

  • Biological Fungicides

By Formulation

  • Liquid

  • Dry

By Application Method

  • Foliar Spray

  • Seed Treatment

  • Soil Treatment & Others

By Crop Type

  • Cereals & Grains

  • Fruits & Vegetables

  • Oilseeds & Pulses

  • Other Crops

Regional Insights

  • Asia Pacific: Dominant region with large-scale farming, increasing agrochemical usage, and rising food demand.

  • Europe: Strong regulatory environment and focus on integrated crop protection practices.

  • North America: Stable growth supported by advanced agricultural technologies.

  • South America & Middle East & Africa: Emerging opportunities driven by expansion of commercial farming and high-value crops.

List of Key Fungicides Companies Profiled

  • Bayer AG (Germany)

  • BASF SE (Germany)

  • Syngenta AG (Switzerland)

  • Corteva, Inc. (U.S.)

  • FMC Corporation (U.S.)

  • Sumitomo Chemicals (Japan)

  • UPL Ltd. (India)

  • Nufarm (Australia)

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