Fungicides Market Growth Opportunities and Forecast Analysis Report By 2027
Fungicides Market Overview:
Fungi are a common cause of crop damage, causing yield, quality, and profitability to suffer. As a result, fungicides are applied to crops at various stages of development to eliminate undesirable fungi that reduce yield. Rising disease outbreaks as a result of changing climatic conditions, as well as increased cultivation of high-value crops, are expected to drive global fungicides market growth. As a result, global demand for fungicides to reduce crop loss is increasing.
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Market Scope:
In this SMR analysis, the Fungicides market size (value, production, and consumption) is segmented based on manufacturers, regions, types, and applications. Distribution channels, Porter's Five Forces Analysis, market share, size, growth rate, future trends, market drivers, opportunities and challenges, risks, and entry barriers are all covered in this Stellar Market Research report.
Low or no consumption of fruits and vegetables, according to the World Health Organization (WHO), is one of the top 10 risk factors for global mortality, accounting for almost 1.7 million deaths globally. Thus, integrating fruits and vegetables in one's regular diet may help in the prevention of major non-communicable diseases (NCDs) such as Parkinson's disease, strokes, the majority of heart illnesses, the majority of malignancies, diabetes, chronic renal disease, cataracts, and others.
Segmentation:
Based on Product Types: The global triazole market was worth US $2.40 billion in 2020, with triazoles accounting for 17% of the total market share. It is expected to reach US $3.4 billion by 2027, with a 4.5% CAGR during the forecast period, and to maintain its dominance throughout.
Strobilurins is a fungicide derived from the naturally occurring Basidiomycete Strobilurustanacellus. These fungicides are less harmful to humans and the environment. Strobilurins fungicides had a global market value of $2.40 billion in 2020 and are expected to reach $3.30 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027.
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Key Players:
- FMC Corporation (United States)
- UPL Ltd. (India)
- Adama Ltd. (Israel)
- Sumitomo Chemical Co. Ltd. (Japan)
- Nufarm Limited (Australia)
- Isagro SpA (Italy)
- Dhanuka Agritech (India)
- Nippon Soda Co. Ltd. (Japan)
- AMVAC Chemical Corporation (United States)
The top international industry players in the Fungicides market are profiled in the SMR research along with their contact information, product photos and specifications, capacity and production data, pricing and cost data, revenue data, and more. Along with raw materials and equipment, upstream and downstream demand are examined.
Reasons to Purchase the Fungicides Market Report:
- The Stellar Market Research report contains a wealth of data, including market dynamics and opportunities for the forecast period.
- There are segments and sub-segments for quantitative, qualitative, and value (USD Million) data.
- Data on regional, sub-regional, and national demand and supply trends are provided.
- The competitive landscape shows the market shares of the main rivals as well as recent innovations and strategies.
- Companies that offer an extensive selection of goods, financial information, cutting-edge technology, SWOT analyses, and business plans.
About Stellar Market Research:
Stellar Market Research is a market research and consulting firm that provides syndicated and custom-designed research reports, as well as consulting services. The company’s products are majorly focused on assisting businesses in making better business decisions by locating, targeting, and analysing changes in consumer behaviour across demographics and industries. To provide relevant and fact-based research, the company conducts market intelligence studies in a variety of areas, including healthcare, touch points, Lawful Interceptions, types, and energy. Stellar Market Research has a large team of highly skilled analysts who specialise in a wide range of fields. Clients of the company can gain an advantage over their competitors due to the company’s industry experience and ability to provide a tangible solution to any research problem.
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