Fungicide Market Size Worth USD 33.76 Billion by 2034 | CAGR: 5.6%

The global fungicide market size is expected to reach USD 33.76 billion by 2034, according to a new study by Polaris Market Research. The report “Fungicide Market Size, Share, Trends, Industry Analysis Report: By Type (Liquid and Dry), Crop Type, Product, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A fungicide is a chemical or biological agent used to prevent, control, or eliminate fungal infections in plants. These agents work by inhibiting fungal growth or destroying fungal spores that cause diseases, which can lead to significant crop losses. Fungicides play a crucial role in modern agriculture, ensuring higher yields and better crop quality. They are available in various formulations, including liquid, powder, and granular forms, and are applied using different methods such as foliar sprays, soil treatments, and seed coatings. The fungicide market is experiencing steady growth, driven by factors such as increasing global food demand, rising incidences of crop diseases due to climate change, and advancements in agricultural practices.

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Stringent regulations on chemical pesticide usage have also encouraged the development of bio-based and sustainable fungicides, creating new opportunities for fungicide market expansion. Trends such as integrated pest management (IPM) and precision agriculture are further shaping the market, promoting efficient and targeted fungicide applications. Additionally, the expansion of agricultural activities in emerging economies and the rising adoption of high-value crops are contributing to the overall market growth.

Fungicide Market Report Highlights

• By type, the liquid segment holds the largest fungicide market share due to its ease of application, better coverage, and high effectiveness in disease control.
• By crop type, the cereals & grains segment hold the largest market share. This prominence is attributed to the critical role these crops play in global food security and their extensive cultivation.
• Asia Pacific holds the largest fungicide market share, primarily due to its extensive agricultural activities and the critical need to protect crops from fungal diseases. Countries such as China and India, with their vast farmlands and diverse crop cultivation, are significant contributors to this dominance.
• The market in Europe is characterized by diverse agricultural practices and stringent regulatory frameworks. Spain emerges as a dominant player, driven by its extensive cultivation of cereals and grains, particularly barley, which is highly susceptible to fungal diseases such as Rhynchosporium commune.
• The fungicide market key players include Syngenta AG; Bayer AG; BASF SE; FMC Corporation; Nufarm; Corteva Agriscience; UPL Ltd.; Sumitomo Chemical; DuPont; ADAMA Agricultural Solutions Ltd.; Isagro SpA; Marrone Bio Innovations, Inc.; Nippon Soda Co., Ltd.; American Vanguard Corporation; and Bioworks, Inc.

Polaris Market Research has segmented fungicide market report based on type, crop type, product, and region:

By Type Outlook (Revenue-USD Billion, 2020–2034)

• Liquid
• Dry

By Crop Type Outlook (Revenue-USD Billion, 2020–2034)

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

By Product Outlook (Revenue-USD Billion, 2020–2034)

• Inorganics
• Biofungicides
• Benzimidazoles
• Triazoles & Diazoles
• Dithiocarbamates
• Others

By Regional Outlook (Revenue-USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest f Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • Suth Korea
  • Indnesia
  • Australia
  • Vietnam
  • Rest f Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Suth Africa
  • Rest f Middle East & Africa
• Latin America
  • Mexic
  • Brazil
  • Argentina
  • Rest f Latin America

Fungicide Market Report Scope