Chemical Fungicides Market Report 2025

The chemical fungicides market size has grown strongly in recent years. It will grow from $24.14 billion in 2024 to $25.79 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to crop yield enhancement, disease resistance management, expansion of agriculture, advancements in chemical formulations, public health concerns, globalization of agriculture.

The chemical fungicides market size is expected to see strong growth in the next few years. It will grow to $33.65 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to market globalization and trade dynamics, shift towards integrated pest management (IMP), climate change impact on diseases, expansion of precision agriculture, regulatory changes, and sustainability focus. Major trends in the forecast period include biological fungicides adoption, precision application technologies, residue management concerns, integrated disease management, development of resistance management strategies.

The increasing prevalence of crop diseases is expected to drive growth in the chemical fungicide market in the coming years. Crop diseases are caused by various pathogenic organisms, including fungi, bacteria, mycoplasma, viruses, viroids, nematodes, and parasitic flowering plants. Chemical fungicides are designed to eliminate or inhibit the growth of fungi and their spores, effectively combating issues such as rust, mildew, and other fungi that harm plants. As crop diseases become more common, the demand for chemical fungicides rises accordingly. For instance, in 2023, the Crop Protection Network (CPN), a US-based research organization, reported that a maize disease in Zambia had spread from 500 hectares in 2022 to nearly 1,000 hectares. Additionally, a study in Ethiopia noted a 35.3% increase in disease incidence affecting coffee crops, which significantly impacts the country’s exports and revenue. This situation underscores the urgent need for effective crop protection strategies. Thus, the rising incidence of crop diseases is driving the growth of the chemical fungicide market.

The rising growth of the global population is expected to be a significant driver for the chemical fungicide market. Population growth, quantifying the total number of individuals in a defined area, plays a crucial role in driving the demand for increased food production. Chemical fungicides contribute to controlling and preventing the spread of fungal diseases in crops, ensuring higher yields to meet the needs of a larger population. For example, as of January 2022, the United States Department of Commerce reported a population of 332,403,650 in the US, reflecting a 0.21% increase from 2021. This demographic trend underscores the correlation between population growth and the demand for chemical fungicides to support agricultural productivity.

A notable trend gaining traction in the chemical fungicide market is technological advancement. Leading companies in the market are focusing on product innovation to enhance their market position. In August 2022, Syngenta, a Switzerland-based agrichemical company specializing in chemical fungicides, introduced TYMIRIUM technology with registered approval in Argentina. This innovative technology offers broad-spectrum defense against nematodes and major fungal diseases, empowering farmers to improve food quality and achieve greater crop yields. Furthermore, TYMIRIUM technology emphasizes the preservation of soil biodiversity and promotion of soil health, aligning with the industry's commitment to sustainable and technologically advanced solutions.

Prominent companies in the chemical fungicide market are actively engaged in product innovation to maintain their competitive edge. This innovation entails the development and introduction of new formulations or active ingredients that aim to enhance effectiveness, safety, and sustainability in crop protection. A notable example is BASF SE, a Germany-based chemicals company, which, in May 2022, launched Priaxor 225 EC. This fungicide stands out for its high effectiveness and consistency in controlling Coffee Berry Disease (CBD), thereby improving crop quality and yield. Priaxor 225 EC boasts a dual mode of action that facilitates broad-spectrum disease control and integrated resistance management. Designed for use in winter and spring wheat, durum wheat, winter and spring barley, oats, rye, and triticale, Priaxor 225 EC is a protectant and systemic fungicide. Its systemic and translaminar properties contribute to heightened disease control and reduced crop damage, reinforcing its significance in the chemical fungicide market.

In April 2024, UPL Corp, an India-based manufacturer of sustainable agriculture products, acquired Corteva's Solo mancozeb business for an undisclosed amount. This acquisition is designed to bolster UPL Corp's position in the crop protection industry by expanding its fungicide portfolio and enhancing its global market presence. Corteva, a US-based company, specializes in producing fungicide products aimed at preventing and treating fungal diseases.

Major companies operating in the chemical fungicides market include BASF SE, Bayer AG, Corteva Inc, Syngenta AG, FMC Corporation, UPL Ltd., Sumitomo Chemical Co. Ltd., Nippon Soda Co. Ltd., Isagro S.p.A, Nufarm, ADAMA, Nissan Chemical Corporation, Marrone Bio Innovations Inc., Koppert Biological Systems, Bioworks Inc., STK Bio-ag Technologies, Verdesian Life Sciences, Seipasa S A, Ishihara Sangyo Kaisha Ltd., Nutrichem Co. Ltd., Certis LLC, Valent BioSciences LLC, Stockton Group, Lallemand Plant Care, Albaugh LLC, Rotam CropSciences Ltd., Sipcam Agro USA Inc., Kumiai Chemical Industry Co. Ltd., Arysta LifeScience Corporation, Heranba Industries Ltd.

Asia-Pacific was the largest region in the chemical fungicides market in 2024. The regions covered in the chemical fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chemical fungicides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Chemical fungicides are a type of pesticide specifically designed to combat fungi and their spores, effectively targeting plant-damaging organisms such as rust and mildew.

The primary classifications of chemical fungicides include bio-based fungicides and synthetic fungicides. Bio-fungicides are formulations derived from live organisms that help regulate the activities of bacteria and fungi responsible for plant diseases. These formulations are available in different forms such as liquid and dry. They consist of various active ingredients such as dithiocarbamates, benzimidazoles, chloronitriles, triazoles, phenyl amides, strobilurins, and other components, working through different actions such as contact and systemic methods. Chemical fungicides find applications in diverse areas such as seed treatment, soil treatment, foliar spray, chemigation, and post-harvest treatments.

The chemical fungicides market research report is one of a series of new reports that provides chemical fungicides market statistics, including chemical fungicides industry global market size, regional shares, competitors with a chemical fungicides market share, detailed chemical fungicides market segments, market trends and opportunities and any further data you may need to thrive in the chemical fungicides industry. This chemical fungicides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The chemical fungicides market consists of sales of mancozeb, maneb, nabamand zineb. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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