Global Fungicides Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Crop Type;

Cereals, Oilseeds & Pulses, Fruits & Vegetables, and Others

By Type;

Chemical- Triazoles, Dithiocarbamates, Strobilurins, Inorganics, Chloronitriles, and Others, and Biological

By Mode of Action;

Contact and Systemic

By Form;

Dry and Liquid

By Application;

Seed Treatment, Soil Treatment, Foliar Spray, and Post Harvest

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn137633767 Published Date: May, 2025 Updated Date: July, 2025

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%.


Global Fungicides Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.2 %
Market Size (2024)USD 21,755.18 Million
Market Size (2031)USD 31,022.22 Million
Market ConcentrationMedium
Report Pages396
21,755.18
2024
31,022.22
2031

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

Global 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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Crop Type
    2. Market Snapshot, By Type
    3. Market Snapshot, By Mode of Action
    4. Market Snapshot, By Form
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Fungicides Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Food Security

        2. Expansion of Agricultural Activities

        3. Effects of Climate Change

      2. Restraints
        1. Resistance Development

        2. Trade Barriers and Tariffs

        3. Shift towards Sustainable Agriculture

      3. Opportunities
        1. Increasing Demand for Food Production

        2. Growing Awareness about Crop Protection

        3. Integrated Pest Management (IPM) Practices

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Fungicides Market, By Crop Type, 2021 - 2031 (USD Million)
      1. Cereals
      2. Oilseeds & Pulses
      3. Fruits & Vegetables
      4. Others
    2. Fungicides Market, By Type, 2021 - 2031 (USD Million)
      1. Chemical
        1. Triazoles
        2. Dithiocarbamates
        3. Strobilurins
        4. Inorganics
        5. Chloronitriles
        6. Others
      2. Biological
    3. Fungicides Market, By Mode of Action, 2021 - 2031 (USD Million)
      1. Contact

      2. Systemic

    4. Fungicides Market, By Form, 2021 - 2031 (USD Million)
      1. Dry
      2. Liquid
    5. Fungicides Market, By Application, 2021 - 2031 (USD Million)
      1. Seed Treatment
      2. Soil Treatment
      3. Foliar Spray
      4. Post Harves
    6. Fungicides Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. BAYER AG
      3. Corteva Agriscience
      4. SYNGENTA AG
      5. FMC CORPORATION
      6. UPL LIMITED
      7. Sumitomo Chemical Co., Ltd.
      8. NIPPON SODA CO, LTD.
      9. Isagro S.P.A
      10. Nufarm
  7. Analyst Views
  8. Future Outlook of the Market