Fungicides Market Report 2025

This Fungicides market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The fungicides market size has grown strongly in recent years. It will grow from $25.01 billion in 2024 to $27.14 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to crop protection, crop expansion, climate conditions, pesticide resistance management.

The fungicides market size is expected to see strong growth in the next few years. It will grow to $36.11 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to global population growth, climate change impact, integrated pest management (ipm), biofungicides and biotechnology. Major trends in the forecast period include sustainable fungicides, precision application technologies, biological disease control, fungicide resistance management.

Farmers worldwide are increasingly embracing intensive farming practices to enhance crop productivity per unit of land, which, in turn, is fueling the demand for pesticides and other agricultural chemicals. Intensive farming represents a method of agricultural intensification and mechanization aimed at optimizing yields by utilizing extensive amounts of pesticides and chemical fertilizers. These techniques are essential for meeting the growing food demands of the expanding global population and averting food shortages. Intensive farming practices, including monoculture, are significant drivers of pesticide demand. Monoculture involves the concentrated cultivation of a single crop over a large expanse, leading to soil nutrient depletion and heightened reliance on pesticides.

The increasing incidence of plant diseases is anticipated to drive the growth of the fungicide market in the coming years. Plant diseases refer to health disorders that disrupt the normal functioning, growth, and development of plants. Fungicides play a crucial role in the control and prevention of fungal-induced plant diseases through various methods, including disease prevention, seed treatment, post-harvest protection, ultimately leading to enhanced agricultural productivity. For example, in June 2022, as reported by the Food and Agriculture Organization, an agency of the United Nations based in Italy, up to 40% of the world's food production is estimated to be lost to pests annually. Additionally, the global economy suffers losses of over $220 billion each year due to plant diseases, with invasive insects causing at least $70 billion in damages. As a result, the increasing prevalence of plant diseases is a key driver of the fungicide market.

The high demand for inorganic fungicides in developing agricultural nations like China, Brazil, and India can be attributed to their cost-effectiveness compared to organic fungicides. Several factors are propelling the growth of this market, including rapid population expansion, diminishing arable land, limited regulatory oversight, and an increasing need for high-quality fruits and vegetables. Inorganic fungicides are produced from readily available and easily manufacturable elements, resulting in a substantially lower cost. The market is anticipated to be driven in the forecast period by farmers in these developing regions who procure substantial quantities of inorganic fungicides.

Major companies in the fungicides market are dedicated to advancing their product offerings, such as the introduction of innovative solutions like the next generation of Potato Fungicides, to enhance their market positions. Potato fungicides are specialized chemical substances or formulations designed to manage and prevent fungal growth that can harm potato crops. An example of this is Corteva Inc., a US-based chemical company, which introduced the Zorvec Encantia Novel Generation of Fungicide for Potatoes in May 2022. This new generation of potato fungicides features a distinct mode of action, offering consistent control, safeguarding new plant growth, high efficacy, low toxicity, and a favorable environmental profile. It provides protection to treated leaves as they grow and expand, even when the treatment is applied to leaves at just 20% of their full size.

In May 2022, the Indian chemical industry company, UPL Limited, completed the acquisition of OptiCHOS, a naturally-derived fungicide, from BioCHOS for an undisclosed sum. This strategic acquisition was made to bolster UPL's natural plant protection (NPP) business division, and in the coming years, NPP will introduce a range of products featuring OptiCHOS. BioCHOS, on the other hand, is a Norway-based company specializing in plant protection products.

Fungicides are chemical or biological substances used to prevent, control, or eradicate fungal infections in plants. They function by either killing fungi or inhibiting their growth, thereby protecting crops from diseases like mildew, rust, and blight. Fungicides are essential in agriculture, as they help maintain healthy crops and increase yields by reducing crop loss caused by fungal infections.

The primary classifications of fungicides are synthetic fungicides and bio-fungicides. These fungicides are employed to combat fungal diseases by taking action against fungi and their spores. They comprise various active ingredients such as dithiocarbamates, benzimidazoles, chloronitriles, triazoles, phenylamides, strobilurins, and other substances. Fungicides are applied through methods such as seed treatment, soil treatment, foliar spray, chemigation, and post-harvest treatments. These fungicides find applications in diverse areas, including cereals and grains, oilseeds and pulses, fruits and vegetables, as well as other agricultural uses.

The fungicides market research report is one of a series of new reports that provides fungicides market statistics, including fungicides industry global market size, regional shares, competitors with a fungicides market share, detailed fungicides market segments, market trends and opportunities, and any further data you may need to thrive in the fungicides industry. This 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.

Major companies operating in the fungicides market include American Vanguard Corporation, BASF SE, Bayer AG, Bioworks Inc., Dow AgroSciences LLC, DuPont de Nemours Inc., FMC Corporation, Marrone Bio Innovations Inc., Nufarm Ltd., Sumitomo Chemical, Syngenta International AG, UPL Limited, Cheminova A/S, Lanxess AG, Corteva Inc., Isagro SpA, Nippon Soda Co. Ltd., Certis USA LLC, Valent BioSciences LLC, Arysta LifeScience Corporation, Sipcam Agro USA Inc., Gowan Company LLC, Albaugh LLC, Rotam CropSciences Ltd., Sharda Cropchem Limited, PI Industries Limited, Adama Agricultural Solutions Ltd., Agbiochem Inc., Jiangsu Yangnong Chemical Co. Ltd., Kumiai Chemical Industry Co. Ltd., Novozymes A/S.

Asia-Pacific was the largest region in the fungicides market in 2024. South America was the second-largest region in the global fungicides market. The regions covered in the fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the fungicides market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The fungicides market consists of the sales of captan, folpet, dithiocarbamates, pentachlorophenol, and mercurial fungicides. 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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