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Global Fungicides Market to show Impressive Growth Rate between 2016 – 2024

Zion Market Research, the market research group announced the analysis report titled  ‘Fungicides Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Global Fungicides Market: Overview

Fungicides are a class of pesticide that destroys the fungi or the fungi spores. Fungicides are extensively used in the agricultural domain for crop safety. Fungicides are utilized to avoid the injury to crops as a result of the attack by fungi. It offers higher production with enhanced quality of the crops. Fungicides may also be used to destroy the animal’s fungal infections. As per the crop type, the fungicide used also changes. The various types of fungicides accessible are systemic, contact, and translaminar fungicides. The active constituents are mancozeb, propicanazole, prochloraz, chlorothalonil, and much more.

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Global Fungicides Market: Growth Factors

The major factors that contribute to the growth of the global fungicides market are easiness of application, increase the crop yield, growing inclination for fungicides, and rise in the requirement for food security for the growing population. The support by the governments of many countries worldwide, alteration in farming practices, and improved technologies are few other factors that are boosting the growth of the global market. However, need for more alertness and education among the farmers, increase in incidences of environmental toxicology, are restraining the growth of the global fungicides market. Some fungicides are dangerous to human health and so the major laws governing the use of fungicides in different countries are expected to hamper the growth of the global market in the near future.

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Global Fungicides Market: Segmentation

The global fungicides market can be segmented based on crop type, form, mode of application, type, and region. The crop type segment of the market is divided into oilseeds & pulses, cereals & grains, and fruits & vegetables. The formed segment of the fungicide market is diversified into the wettable powder, liquid, and water-dispersible granules. The mode of application segment of the market is sub-segmented into seed treatment, post-harvest, foliar spray, and soil treatment. The type segment of the global market is classified into chloronitriles, dithiocarbamates, triazoles, phenylamides, strobilurins, and benzimidazoles. Geographically, the global fungicides market is diversified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global Fungicides Market: Regional Analysis

Asia Pacific is anticipated to dominate the global fungicides market. The growth of the market in this region is mainly attributed to the huge agricultural business. Europe is also expected to grow in the global market in the coming period. The utilization of fungicides in Africa and the Middle East is assumed to exhibit a dormant growth in the global market in the near future.

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Global Fungicides Market: Competitive Players

The prominent players in the global fungicides market are Syngenta AG, Dow AgroSciences LLC, Bayer CropScience AG, BASF SE, Sumitomo Chemical Co., Ltd, and Nippon Soda Co. Ltd. The other key players in the global market include Nufarm Ltd., E.I Du Pont de Numerous and Company Monsanto, Lanxess AG, Middle EastFMC Corporation, Cheminova A/S, and Adama Agricultural Solutions Ltd.

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