The global fungicides market size was US$ 17.3 billion in 2021. The global fungicides market is forecast to grow to US$ 25.1 billion in 2030 by registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market
Strict restrictions imposed by government bodies to prompt the use of eco-friendly products will offer ample growth opportunities for the global fungicides market. Furthermore, upsurging demand for food safety will have a positive impact on the global fungicides market during the forecast period.
Growing cases of crop damage due to insect attacks will be opportunistic for the fungicides market. Further, governments across the globe are emphasizing high crop yields to tackle food scarcity. As a result, it will drive the fungicides market forward.
Favorable incentives offered by governments to the farmers will also rise the adoption of fungicides during the forecast period. On the contrary, the negative effects of fungicides on human health may limit their use in the coming years.
The escalating rate of the global population, combined with the rising number of agricultural activities, will accelerate the growth of the global fungicides market during the study period.

COVID-19 Impact Analysis
Due to a lack of raw materials, the current disease outbreak has disrupted the production of agrochemicals. Furthermore, at a time when demand for agro-based products is expected to increase in the medium to long term, this pattern would have a positive effect on food production and crop returns. Moreover, governments around the world are attempting to minimize food security concerns, reduce fertilizer manufacturing constraints, and maintain seasonal farming production, which is the key driver of the market growth. Thus, the COVID-19 pandemic is expected to make a significant contribution to the global fungicides industry.

Regional Analysis
The European regulatory environment will drive the growth of this regional market. The European market for fungicides is expected to register a substantial growth rate, owing to the rising demand for crop protection in the region. Further, rising awareness related to effective farming techniques will contribute to the growth of this regional market. Rising support and increasing participation by local government agencies will drive the demand for eco-friendly products, thereby offering several growth opportunities for the fungicides market during the forecast period.

Competitors in the Market
BASF SE
Corteva, Inc.
Syngenta AG
FMC Corporation
Sumitomo Chemical Co., Ltd.
Bayer Crop Science
Verdesian Life Sciences
Isagro S.p.An
Bioworks, Inc.
UPL Ltd.
Marrone Bio Innovations, Inc.
ADAMA Agricultural Solutions Ltd.
Other prominent players

Market Segmentation
The global fungicides market segmentation focuses on application, Type, and Region.
On the basis of type:
Chemical
o Triazoles
o Strobilurins
o Dithiocarbamates
o Chloronitriles
o Phenylamides
o Other chemical fungicides
Biological
o Microbial
o Botanical
On the basis of crop type:
Cereals & grains
o Corn
o Wheat
o Rice
o Other cereals & grains
Oilseeds & pulses
o Soybean
o Cotton
o Other oilseeds & pulses
Fruits & vegetables
o Apple
o Pears
o Cucumber
o Potatoes
o Grapes
o Other fruits & vegetables
Other crop types
On the basis of the application method:
Seed treatment
Soil treatment
Foliar spray
Chemigation
Post-harvest
On the basis of form:
Liquid
o Suspension concentrates (SC)
o Emulsifiable concentrates (EC)
o Soluble Liquid Flowables (SLC)
Dry
o Water-dispersible granules (WDG)
o Wettable powder (WP)
On the basis of mode of action:
Contact
Systemic
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
Rest of South America