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Fungicides Market Growth Factors:
One of the key factors fueling the growth of the fungicides market is the widespread use of agrochemicals. The market growth is accelerated by the widespread use of intensive farming, which is an agricultural intensification and mechanization strategy designed to maximize yields from available land through methods including the excessive use of fungicides and a rise in demand for high-value crops. The market is further influenced by the increasing focus on incorporated pest management strategies and the growth in demand for efficient pest management among farmers as a result of changes in agricultural practices and technological developments. Additionally, population growth, the demand for increased agricultural production, the expansion of the horticulture and agriculture industries, and the introduction of novel fungicide products all have a beneficial impact on the use of fungicides.
Fungicides Market Trends
The primary drivers include the decline in fertile and arable land, the development of fungus resistance, an increase in crop losses from fungi, the development of agricultural technologies and practices, the growing demand for improved crop yield and quality, and an increase in post-harvest losses.
In recent years, the world’s population has grown significantly. The demand for food goods to meet daily needs is further stimulated by the growing population.
Fungicides Market Segmentation:
1) By Product Type: Dithiocarbamates, Chloronitriles, Triazoles, Benzimidazoles, Phenylamides, Strobilurins.
2) By Crop Type: Oilseeds and pulses, Cereals and grains, Forage crops and pastures, Others.
3) By Formulation Type: Water-dispersible granules, Liquid, Wettable granules.
4) By Application: Soil treatment, Seed treatment, Foliar spray, Post-harvest.
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Fungicides Market Regional Analysis
The market for fungicides is dominated by Asia-Pacific because of the high agricultural production there. Due to the rising demand for food security in European nations, Europe is anticipated to be the fastest-growing market over the forecast period.
The major players operating in the Fungicides Market are BASF SE (Germany), Monsanto Company (U.S.), Bayer CropScience AG (Germany), Nufarm Ltd. (Australia), Syngenta AG (Switzerland), E.I. DuPont De Nemours & Company (U.S.), Sumitomo Corporation (Japan)
Copper Fungicides Market: By Product Type (HA-Cu, Mixed Amino-Acid-Cu, Zn, Mn, Mg Complex, Copper Sulfate, Mixed Amino-Acid-Cu, Copper Sulfate Basic, and Copper Calcium Sulphate), By Application (Vegetables, Fruits, and Others), and Geography
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