Fungicides Market
By Type;
Chemical and BiologicalBy Mode of Action;
Contact and SystemicBy Formulation;
Liquid and DryBy Mode of Application;
Foliar Spray, Seed Treatment and Soil TreatmentBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Fungicides Market Overview
Fungicides Market (USD Million)
Fungicides Market was valued at USD 21,755.18 million in the year 2024. The size of this market is expected to increase to USD 31,022.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.
Fungicides Market
*Market size in USD million
CAGR 5.2 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 5.2 % |
| Market Size (2024) | USD 21,755.18 Million |
| Market Size (2031) | USD 31,022.22 Million |
| Market Concentration | Medium |
| Report Pages | 396 |
Major Players
- BASF SE
- BAYER AG
- Corteva Agriscience
- SYNGENTA AG
- FMC CORPORATION
- UPL LIMITED
- Sumitomo Chemical Co., Ltd.
- NIPPON SODA CO, LTD.
- Isagro S.P.A
- Nufarm
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Fungicides Market
Fragmented - Highly competitive market without dominant players
The fungicides market is witnessing steady growth due to the increasing need to protect crops from fungal infections that threaten global food supply. Fungal diseases account for nearly 20% of crop losses, making fungicides essential tools for maximizing agricultural output. As global food demand intensifies and farmland remains limited, farmers are turning to reliable crop protection solutions to boost productivity and reduce losses.
Innovation in Fungicide Formulations
Modern fungicides are evolving with the development of systemic and broad-spectrum formulations that deliver more precise and long-lasting protection. Around 30% of product advancements are focused on improved performance, such as enhanced resistance to weather conditions and better plant absorption. These next-gen fungicides are helping growers achieve healthier crops with fewer applications, increasing both efficiency and yield.
Government Incentives and Policy Support
Supportive policies and government-led funding are encouraging broader use of plant protection products, including fungicides. Roughly 35% of agricultural programs offer financial support or incentives for fungicide application as part of crop protection initiatives. These measures are enhancing product accessibility, especially for smallholder and mid-size farmers, promoting wider market penetration.
Ongoing Innovation and Market Growth
With increasing incidences of fungal outbreaks and rising investments in product innovation, the fungicides market remains highly dynamic. More than 25% of current R&D efforts focus on creating eco-friendly and resistance-targeted solutions. These developments are driving growth and reinforcing the role of fungicides as a cornerstone of modern agricultural strategies.
Fungicides Market Recent Developments
-
In 2023, UPL completed the acquisition of Corteva’s solo mancozeb line, including the Dithane brand and Rainshield technology. This acquisition provides full regulatory rights and strengthens UPL’s multi-site fungicide portfolio, enhancing its capabilities in crop protection solutions.
-
In June 2025, Corteva launched Forcivo, a new fungicide for corn and soybean crops. The product combines flutriafol, azoxystrobin and fluindapyr to effectively control tar spot, southern rust and frogeye leaf spot, providing enhanced crop protection and yield stability.
Fungicides Market Segment Analysis
In this report, the Fungicides Market has been segmented by Type, Mode of Action, Formulation, Mode of Application and Geography.
Fungicides Market, Segmentation by Type
The Type segmentation distinguishes between Chemical and Biological fungicides, reflecting divergent drivers, regulatory pathways, and stewardship models across regions and crops. Chemical products anchor large-scale acreage where rapid knockdown and broad-spectrum control are prioritized, while biologicals are propelled by sustainability mandates, residue concerns, and retailer-led integrated pest management (IPM) programs. Vendors are expanding portfolios through partnerships, co-formulations, and precision application to improve efficacy, mitigate resistance, and align with evolving regulatory expectations in North America, Europe, and Asia Pacific.
ChemicalChemical fungicides remain central to high-value fruit, vegetable, and row-crop protection, driven by yield protection, predictable performance, and established supply chains. Growth strategies emphasize rotating modes of action, deploying multisite actives, and combining active ingredients to delay resistance while maintaining season-long control. Key challenges include tightening maximum residue limits (MRLs), environmental scrutiny, and the need for precise timing via digital decision-support tools to optimize spray intervals and reduce input costs.
BiologicalBiological fungicides capitalize on organic and residue-sensitive markets, with adoption supported by greenhouse and specialty crop segments that value short pre-harvest intervals and favorable ecosystem profiles. Commercial momentum stems from improved formulation stability, compatibility with tank mixes, and data-backed positioning as partners in IPM rather than direct chemical replacements. Vendors invest in microbial discovery, fermentation scale-up, and distributor education to expand use cases in seed, soil, and foliar programs while addressing consistency and shelf-life challenges.
Fungicides Market, Segmentation by Mode of Action
The Mode of Action segmentation separates Contact from Systemic fungicides, aligning application decisions with disease pressure, canopy characteristics, and weather variability. Contact products form protective barriers on plant surfaces, supporting resistance management through multisite activity and frequent reapplication during high-infection windows. Systemic products provide translaminar or xylem-mobile movement, enabling curative or eradicant activity and longer intervals, a key driver for labor efficiency and program flexibility across diverse geographies.
ContactContact fungicides are favored for preventative schedules, particularly in orchards, vineyards, and vegetables where frequent coverage supports disease suppression across variable microclimates. Their multisite action helps reduce the risk of resistance, making them foundational in rotation schemes alongside single-site actives. Investments focus on droplet retention, rainfastness, and spray technology that enhances coverage on complex canopies, while growers weigh the challenge of shorter re-entry intervals and higher pass counts.
SystemicSystemic fungicides are designed for internal plant movement, delivering curative and longer-lasting protection that reduces total applications under stable pressure. They are strategic tools for tight labor markets and large-acre operations where extended spray intervals and post-infection activity safeguard yield and quality. The market emphasizes stewardship via mode-of-action rotation, dose optimization, and data-driven timing to maintain efficacy and mitigate resistance development across priority pathogens.
Fungicides Market, Segmentation by Formulation
Formulation divides the market into Liquid and Dry formats, each tuned for handling, storage, and application efficiency. Liquids support precision dosing, compatibility in complex tank mixes, and integration with variable-rate technologies, while dry forms offer stability, simplified logistics, and cost efficiency for certain channels. Suppliers are prioritizing user safety, drift control, and packaging innovation to meet stewardship goals and evolving retailer and regulatory expectations.
LiquidLiquid formulations dominate intensive horticulture and row-crop programs due to ease of metering, rapid mixing, and seamless adoption in existing sprayer fleets. Advancements in emulsifiable concentrates, suspension concentrates, and microencapsulation are improving leaf adhesion, rainfastness, and compatibility with adjuvants. Vendors leverage liquids for co-formulations that combine modes of action, delivering robust field performance while supporting resistance management and application productivity.
DryDry formulations, including wettable powders and water-dispersible granules, are valued for storage stability, reduced shipping weight, and often lower packaging waste in certain markets. They align with distributor needs where warehouse conditions favor dry goods and where growers prefer batch mixing at centralized facilities. Innovation targets dust reduction, improved dispersibility, and easy-clean characteristics to enhance operator safety and maintain consistent suspension quality during long spray runs.
Fungicides Market, Segmentation by Mode of Application
The Mode of Application segments—Foliar Spray, Seed Treatment, and Soil Treatment—mirror integrated programs that layer prevention with curative capacity. Foliar sprays deliver season-long protection timed to infection periods, seed treatments establish early-season defense at emergence, and soil treatments target root-zone pathogens that compromise stand and vigor. Suppliers pair application modes with decision-support systems, weather models, and residue considerations to maximize return on investment across crop systems.
Foliar SprayFoliar sprays remain the most visible and adaptable approach, enabling rapid response to shifting disease pressure and phenological stages. Precision nozzles, canopy sensors, and improved adjuvants support superior coverage while minimizing drift and off-target risk. Program designs emphasize interval management, tank-mix compatibility, and rotation strategies that integrate both contact and systemic products to sustain performance across the season.
Seed TreatmentSeed treatments provide early protection against seed- and soil-borne pathogens, improving emergence, uniformity, and stand establishment under variable field conditions. Their targeted delivery reduces field passes and supports stewardship through low-use rates and precise dose control at the seed processor. Growth is supported by partnerships between seed companies and crop protection firms, aligning trait packages and microbial consortia to broaden spectrum and improve consistency.
Soil TreatmentSoil treatments address root and crown diseases that erode yield potential, with adoption influenced by soil health strategies and irrigation practices. Innovations include chemistries and biologicals optimized for root-zone persistence, drip compatibility, and targeted band applications that reduce environmental load. Vendors support growers with diagnostics and prescription maps to focus inputs where pathogen loads and field history indicate the greatest return.
Fungicides Market, Segmentation by Geography
In this report, the Fungicides Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America’s fungicide demand reflects large-scale corn, soybean, fruit, and vegetable systems with strong focus on resistance management, data-enabled timing, and labor efficiency. Regulatory stability and retail programs drive adoption of co-formulations and IPM-compatible solutions, while sustainability reporting influences product choice. Suppliers emphasize stewardship, residue compliance, and digital tools that convert weather risk into actionable spray windows across diverse microclimates.
EuropeEurope is shaped by stringent regulatory frameworks, environmental targets, and retailer standards that accelerate shifts toward biological options and reduced-risk chemistries. Adoption strategies prioritize proven efficacy within tight MRL regimes and seasonal constraints, with cooperatives and advisory services guiding program design. Market participants invest in drift reduction, packaging sustainability, and precision agriculture to balance crop quality with biodiversity and water protection objectives.
Asia PacificAsia Pacific spans intensive horticulture and expansive row-crop acreage, with growth underpinned by rising food security needs, modernization of farm practices, and increasing access to advisory services. Countries invest in application infrastructure and training, elevating program consistency across variable climates and smallholder contexts. Vendors localize portfolios—combining contact and systemic options and emerging biologicals—to align with regional disease spectrums, irrigation methods, and residue requirements.
Middle East & AfricaMiddle East & Africa demand is influenced by water scarcity, climate variability, and the expansion of irrigated horticulture in select corridors. Market development focuses on stability of supply, tailored formulations for heat and UV conditions, and training to optimize intervals and coverage. Partnerships with distributors and grower groups support IPM uptake, while financing and logistics remain important challenges for wider penetration.
Latin AmericaLatin America features dynamic adoption across soy, corn, sugarcane, fruit, and specialty crops, with strong emphasis on yield protection amid high disease pressure. Growers value robust systemic options, strategic rotations, and aerial application capabilities that scale across large farms. Suppliers invest in local manufacturing, field validation, and stewardship to navigate weather volatility, regulatory changes, and evolving export residue standards.
Fungicides Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Fungicides Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers
- Increasing Demand for Food Security
- Expansion of Agricultural Activities
-
Effects of Climate Change - Rapidly changing weather patterns are fostering ideal conditions for fungal pathogens, pushing farmers to rely more heavily on fungicides. Warmer temperatures, erratic rainfall, and prolonged humidity enable diseases such as rusts and blights to appear in regions where they were once rare.
The shortened incubation periods brought on by climate volatility mean fungi can spread faster and infect crops more aggressively. High-value produce—fruits, vegetables, and cereals—faces elevated risk, increasing demand for both contact and systemic fungicides that act quickly and maintain long-lasting protection.
Climate stress is also accelerating the emergence of fungal strains resistant to older chemistries. This trend is driving research into new active ingredients and combination products designed to deliver broad-spectrum control while managing resistance.
Under these shifting environmental pressures, fungicides have become a non-negotiable safeguard for food security, turning routine applications into a strategic necessity rather than an optional expense.
Restraints
- Resistance Development
- Trade Barriers and Tariffs
-
Shift towards Sustainable Agriculture - Growing consumer and regulatory emphasis on sustainable, low-chemical farming is restraining the fungicides market. Conventional products with higher toxicity or persistent residues are losing favor as stakeholders demand greener solutions.
Government incentives for organic and regenerative practices, along with stringent limits on chemical residues, encourage farmers to adopt crop rotation, resistant varieties, and biological fungicides, trimming reliance on synthetic options.
Retailers and exporters now set their own residue thresholds that are tighter than official regulations, prompting growers to use fungicides more sparingly or switch to reduced-risk formulations to keep access to premium markets.
For manufacturers, aligning with these sustainability goals requires significant R&D investment in eco-friendly chemistries and advanced delivery systems—efforts that raise costs and can slow short-term revenue growth.
Opportunities
- Increasing Demand for Food Production
- Growing Awareness about Crop Protection
-
Integrated Pest Management (IPM) Practices - Integrated Pest Management encourages a balanced approach where fungicides are applied strategically, not indiscriminately, opening opportunities for precision-targeted products that fit sustainable farming models.
Under IPM, growers prefer low-residue, highly effective formulations they can rotate with biologicals or cultural methods to prevent resistance and minimize environmental impact, boosting demand for next-generation chemistries.
Technologies such as disease-forecasting apps, drone spraying, and AI diagnostics enable precision timing and dosage, enhancing the value of fungicides by ensuring applications occur exactly when and where they deliver maximum benefit.
With governments funding IPM training and offering incentives, brands that tailor their portfolios to IPM protocols can capture new customer segments and strengthen market position while supporting sustainable agriculture.
Fungicides Market Competitive Landscape Analysis
Fungicides Market is experiencing steady growth as agricultural sectors prioritize crop protection to ensure higher yield and food security. Leading companies are implementing competitive strategies centered on product innovation, agricultural partnerships, and regional expansion. Nearly 36% of overall market progress is shaped by collaboration initiatives that improve disease control efficiency and sustain long-term growth.
Market Structure and Concentration
The market shows a moderately consolidated structure, with top producers holding around 42% of global share. Strategic merger activities and acquisitions are strengthening portfolios in systemic and contact fungicides. Smaller firms focusing on biological solutions contribute to competitive growth, ensuring a balance between established leaders and innovative entrants.
Brand and Channel Strategies
Approximately 44% of companies rely on multi-channel strategies involving direct sales to farmers, dealer networks, and digital platforms. Strong collaboration with cooperatives and agro-retailers enhances accessibility, while channel expansion into online agricultural platforms drives wider adoption and ensures consistent growth.
Innovation Drivers and Technological Advancements
More than 52% of industry participants emphasize innovation in bio-based formulations, resistance management, and precision application methods. Technological advancements in nanotechnology, AI-driven crop monitoring, and eco-friendly chemistry are redefining the market. Ongoing partnerships with research organizations accelerate product development and strengthen competitive growth.
Regional Momentum and Expansion
Regional expansion represents nearly 39% of competitive strategies, with Asia-Pacific and Latin America driving higher adoption due to large agricultural outputs. Collaboration with local governments and agricultural institutions boosts supply chain efficiency. Regional strategies focused on sustainable farming practices further support steady growth.
Future Outlook
The future outlook remains positive, with about 45% of stakeholders expecting growing reliance on fungicides to protect high-value crops. Continued innovation, regulatory-compliant strategies, and international partnerships will shape competitiveness. With sustainability-driven practices and global expansion, the market is positioned for long-term growth.
Key players in Fungicides Market include:
- BASF SE
- Bayer AG
- Corteva Inc.
- Syngenta AG
- FMC Corporation
- UPL Ltd.
- Adama Agricultural Solutions Ltd.
- Sumitomo Chemical Co. Ltd.
- Nufarm Ltd.
- Nippon Soda Co. Ltd.
- Isagro S.p.A.
- Albaugh LLC
- Gowan Company LLC
- AMVAC Chemical Corporation
- Lanxess AG
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Mode of Action
- Market Snapshot, By Formulation
- Market Snapshot, By Mode of Application
- Market Snapshot, By Region
- Fungicides Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
-
Increasing Demand for Food Security
-
Expansion of Agricultural Activities
-
Effects of Climate Change
-
- Restraints
-
Resistance Development
-
Trade Barriers and Tariffs
-
Shift towards Sustainable Agriculture
-
- Opportunities
-
Increasing Demand for Food Production
-
Growing Awareness about Crop Protection
-
Integrated Pest Management (IPM) Practices
-
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Fungicides Market, By Type, 2021 - 2031 (USD Million)
- Chemical
- Biological
- Fungicides Market, By Mode of Action, 2021 - 2031 (USD Million)
- Contact
- Systemic
- Fungicides Market, By Formulation, 2021 - 2031 (USD Million)
-
Liquid
-
Dry
-
- Fungicides Market, By Mode of Application, 2021 - 2031 (USD Million)
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Fungicides Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Fungicides Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF SE
- Bayer AG
- Corteva Inc.
- Syngenta AG
- FMC Corporation
- UPL Ltd.
- Adama Agricultural Solutions Ltd.
- Sumitomo Chemical Co. Ltd.
- Nufarm Ltd.
- Nippon Soda Co. Ltd.
- Isagro S.p.A.
- Albaugh LLC
- Gowan Company LLC
- AMVAC Chemical Corporation
- Lanxess AG
- Company Profiles
- Analyst Views
- Future Outlook of the Market

