Fungicides Market worth $15,693.6 Million by 2019, According to a New Study on ASDReports

Friday 29 August 2014, Amsterdam

The report, now available on ASDReports, “Fungicides Market by Type (Benzimidazoles, Dithiocarbamates, Phenylamides, Chloronitriles, Strobilurins, Triazoles,), by CROP Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), & by Geography - Global Trends & Forecasts to 2019”defines and segments the fungicidesmarket with analysis and forecasting of the global values for the market. It also identifies the driving and restraining factors with an analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and the value is forecasted on the basis of the following major regions: North America, Europe, Asia-Pacific, Latin America,and Rest of the World (ROW).

Fungicides are a type of pesticide that destroy or prevent the growth of fungi and their spores. They can be used to control fungi that damageplants, including rusts, mildews, and blights. They may also be used to control mold. Fungicides work in a variety of ways, but most of them damage fungal cell membranes or interfere with energy production within fungal cells.

The effective cultivation of many intensively grown crops requires consistent use of fungicides to ensure the production of disease-free produce. Knowledge of fungicides and their properties is essential for effective disease control.

Fungicides prevent and cure diseases that can have adverse effects on crop yield and quality. The main markets for fungicides are fruits & vegetables and cereals &grains. Fungicides prevent or mitigate damage caused by fungi to plants, including agricultural crops. They are developed from natural sources or are chemically synthesized. Fungicides are nearly always applied in the form of an aqueous solution or suspension, only to produce. Washed produce should be drained of excess water before the fungicide is applied or dilution will occur and the fungicide may not work properly.

The global market for fungicides is dominated by North America and Europe, owing to superior product technology and high fungicide use per hectare of cultivated area in these regions. However, in the last decade, the demand for fungicides from these regions has been decreasing. This is primarily due to a stringent regulatory framework in these regions, which has resulted in high-volume fungicides such as carbendazim being banned in the U.S., forcing many manufacturers to undertake extensive research and development to evaluate the environmental impact of their products. The North American and European markets are experiencing demand saturation due to newer trends of utilizing biofungicides in agriculture.The global fungicides market is projected to generate a value of $15,693.6 million, growing at a CAGR of 5.3%, by 2019.