Fungicides Market to Garner $ 19.5 Bn, Globally, By 2027 at 4.7% CAGR: Allied Market Research

Rise in prevalence of plant diseases, limited arable land, and increase in adoption of modern farming drive the growth of the global fungicides market

PORTLAND, Oregon, May 4, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Fungicides Market by Active Ingredient (Dithiocarbamates, Benzimidazoles, Chloronitriles, Triazoles, Phenylamides, Strobilurins, and Others), and Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2027." According to the report, the global fungicides industry was pegged at $13.4 billion in 2019, and is expected to hit $19.5 billion by 2027, registering a CAGR of 4.7% from 2020 to 2027.

Drivers, restraints, and opportunities-

Rise in prevalence of plant diseases, limited arable land, and increase in adoption of modern farming drive the growth of the global fungicides market. On the other hand, inappropriate use of fungicides and emergence of organic farming curb the growth to some extent. However, surge in demand for bio-fungicide is expected to create lucrative opportunities in the industry.

Get Detailed COVID-19 Impact Analysis on the Fungicides Gloves Market @ https://www.alliedmarketresearch.com/request-for-customization/582?reqfor=covid

The triazoles segment to retain its dominance by 2027-
Based on active ingredient, the triazoles segment accounted for nearly one-fifth of the global fungicides market revenue in 2019, and is expected to lead the trail throughout the forecast period. This is due to its beneficial characteristics such as site specificity and others. The phenylamides segment, on the other hand, would portray the fastest CAGR of 5.8% till 2027.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/582

The fruits & vegetables segment to rule the roost-
Based on crop type, the fruits & vegetables segment contributed to nearly two-fifths of the global fungicides market share in 2019, and is anticipated to maintain the dominant share throughout the forecast period. The fact that fruit and vegetable plants are often affected by fungal disorders has increased the use of fungicides to a significant extent which, in turn, fuels the segment growth. At the same time, the cereals & grains segment would manifest the fastest CAGR of 4.9% during the study period.

Europe, followed by North America, to dominate in terms of revenue-
Based on geography, Europe, followed by North America, held the highest share in 2019, garnering more than two-fifths of the global fungicides market. High demand from wheat producers and presence of key players in the region drive the growth of the market. Simultaneously, the Asia-Pacific region would register the fastest CAGR of 5.2% from 2020 to 2027. Increase in population in countries such as India and China boosts the market growth.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/582

Frontrunners in the industry-

• BASF SE
• Syngenta AG
• Tata Chemicals Ltd.
• Bayer AG
• FMC Corporation
• Adama Ltd.
• Corteva Inc.
• Nufarm Ltd.
• Sumitomo Chemical Company
• Novo Nordisk AG

Interested in Procuring this Report? visit: https://www.alliedmarketresearch.com/fungicides-market/purchase-options

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports:

Fluorochemicals Market: Global Opportunity Analysis and Industry Forecast, 2019–2026
Herbicides Market: Global Opportunity Analysis and Industry Forecast, 2018 – 2025
Seed Treatment Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Propionic Acid Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg