Global Fungicides Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Crop Type;
Cereals, Oilseeds & Pulses, Fruits & Vegetables, and OthersBy Type;
Chemical- Triazoles, Dithiocarbamates, Strobilurins, Inorganics, Chloronitriles, and Others, and BiologicalBy Mode of Action;
Contact and SystemicBy Form;
Dry and LiquidBy Application;
Seed Treatment, Soil Treatment, Foliar Spray, and Post HarvestBy 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%.
Global Fungicides Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 5.2 %
Study Period | 2025 - 2031 |
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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
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.
Fungicides Market Recent Developments
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In 2023, UPL finalized the acquisition of Corteva’s solo mancozeb line—including the iconic Dithane brand and Rainshield technology—acquiring full regulatory rights and strengthening its multi-site fungicide portfolio.
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In June 2025, Corteva introduced Forcivo, a new corn and soybean fungicide combining flutriafol, azoxystrobin, and fluindapyr to tackle tar spot, southern rust, and frogeye leaf spot.
Fungicides Market Segment Analysis
In this report, the Fungicides Market has been segmented by Crop Type, Type, Mode of Action, Form, Application and Geography.
Fungicides Market, Segmentation by Crop Type
The Fungicides Market has been segmented by Crop Type into Cereals, Oilseeds & Pulses, Fruits & Vegetables, and Others.
Cereals
Cereals dominate the fungicides market with a share of about 36%, owing to the large-scale production of wheat, rice, and corn worldwide. These crops are highly susceptible to diseases like rust, fusarium head blight, and leaf spot, driving consistent demand for effective fungicidal protection.
Oilseeds & Pulses
Comprising roughly 22% of the market, oilseeds and pulses such as soybeans, sunflower, and chickpeas face frequent fungal threats including root rot and anthracnose. Fungicides play a key role in improving crop resilience and harvest stability in these crops.
Fruits & Vegetables
Fruits and vegetables account for around 31% of fungicide consumption. These high-value crops require intensive disease control measures to protect against fungal decay, which directly impacts their appearance, taste, and market shelf life.
Others
The Others segment holds an estimated 11% market share and includes specialty crops like coffee, cocoa, and flowers. Due to their economic significance and high susceptibility to fungal pathogens, tailored fungicide programs are widely adopted.
Fungicides Market, Segmentation by Type
The Fungicides Market has been segmented by Type into Chemical- Triazoles, Dithiocarbamates, Strobilurins, Inorganics, Chloronitriles, and Others, and Biological.
Triazoles
Triazoles dominate the chemical fungicide category with a share of around 29%. They offer systemic action and long-lasting protection against a range of fungal diseases like rusts, scabs, and powdery mildew, making them popular in cereal and oilseed crops.
Dithiocarbamates
Contributing approximately 18% to the market, dithiocarbamates are valued for their multi-site action, which helps prevent fungal resistance. They are extensively used in horticulture, especially for leafy vegetables and tuber crops.
Strobilurins
With a market share close to 17%, strobilurins are favored for their broad-spectrum efficacy and ability to promote plant vitality. These fungicides are commonly applied in crops like grapes, corn, and soybeans to control multiple fungal pathogens.
Inorganics
Inorganics make up roughly 10% of the market and include widely used copper and sulfur-based fungicides. Their role in resistance management and compatibility with organic farming standards keeps demand steady across global markets.
Chloronitriles
Chloronitriles hold an estimated 7% market share and are known for their protective, contact-based activity. They are mainly used in horticulture crops to manage foliar diseases and are often part of integrated pest management (IPM) programs.
Others (Chemical)
The Others segment, making up around 5%, consists of emerging synthetic fungicides and combination products that address evolving fungal resistance and contribute to modern crop protection systems.
Biological
Biological fungicides represent about 14% of the global market. Their growing adoption is driven by trends in sustainable agriculture, offering effective disease control without chemical residues. They are widely used in organic farming, greenhouse production, and high-value export crops.
Fungicides Market, Segmentation by Mode of Action
The Fungicides Market has been segmented by Mode of Action into Contact and Systemic.
Contact
Contact fungicides hold around 47% share of the fungicides market. These products act as a protective barrier on the surface of plants, preventing fungal spores from germinating. They are especially popular in open-field farming, offering a broad range of disease control with minimal resistance development.
Systemic
Systemic fungicides account for nearly 53% of the market and are known for their ability to penetrate plant tissues and move through the vascular system. They provide dual protection—preventing and curing infections—making them highly effective in crops that require targeted and sustained disease management.
Fungicides Market, Segmentation by Form
The Fungicides Market has been segmented by Form into Dry and Liquid.
Dry
Dry fungicides dominate the global market with a share of roughly 58%. Their popularity stems from advantages such as extended shelf stability, cost-effective transportation, and ease of use in automated spreading equipment. They are commonly applied in field crops like cereals and pulses, where large-scale application is needed.
Liquid
Liquid fungicides make up about 42% of the market and are gaining traction for their quick uptake and uniform application. They are ideal for crops requiring precise dosage and rapid curative response, making them a key solution in horticulture, greenhouse farming, and controlled environments.
Fungicides Market, Segmentation by Application
The Fungicides Market has been segmented by Application into Seed Treatment, Soil Treatment, Foliar Spray and Post Harvest,
Seed Treatment
Seed treatment holds nearly 18% of the fungicide application market. It plays a crucial role in protecting seeds from pathogenic fungi present in the soil or on seed coats, promoting healthy crop establishment. This method is cost-effective and widely adopted in row crops and cereal grains.
Soil Treatment
Soil treatment contributes around 12% to the global market. It involves applying fungicides to soil to eliminate fungal pathogens that attack roots and stems. It is especially useful in high-value crops grown in intensive systems, such as horticultural produce.
Foliar Spray
With a commanding share of approximately 58%, foliar spray is the most widely used fungicide application technique. It provides fast-acting control of foliar diseases and is preferred for its flexibility, efficacy, and ease of integration with irrigation and spray systems.
Post Harvest
Post-harvest treatment accounts for close to 12% of the market and is critical in extending the shelf life of harvested crops. By minimizing fungal spoilage, it ensures better product quality and reduces losses in transit and storage, particularly in the export segment.
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
Fungicides Market Share (%), by Geographical Region
North America
North America represents approximately 21% of the fungicides market, with the U.S. and Canada leading in terms of usage. High dependency on fungicide applications in corn, soybean, and cereal farming drives demand, especially in large-scale, high-yield agricultural zones.
Europe
Europe accounts for close to 24% of the global market. The region is shifting toward biological fungicides due to stringent EU regulations and consumer demand for residue-free produce. Vineyards, cereals, and fruits are among the top treated crops across the continent.
Asia Pacific
Asia Pacific dominates the fungicide market with an estimated 36% share. Rapid population growth, expansion in horticultural production, and government support for modern agricultural practices are key factors boosting demand in nations like China, India, and Vietnam.
Middle East and Africa
The Middle East and Africa hold around 9% of the global market. Increased focus on irrigated farming, growth in greenhouse cultivation, and regional efforts to improve food productivity are contributing to the adoption of fungicides in the region.
Latin America
Latin America contributes about 10% of the fungicides market, led by Brazil and Argentina. The tropical and subtropical climate promotes fungal proliferation, especially in crops like soybeans, grapes, and coffee, fueling strong demand for crop protection chemicals.
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 |
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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
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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
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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
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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
Key players in Fungicides Market include:
- 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
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 Crop Type
- Market Snapshot, By Type
- Market Snapshot, By Mode of Action
- Market Snapshot, By Form
- Market Snapshot, By Application
- Market Snapshot, By Region
- Fungicides Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Increasing Demand for Food Security
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Expansion of Agricultural Activities
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Effects of Climate Change
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- Restraints
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Resistance Development
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Trade Barriers and Tariffs
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Shift towards Sustainable Agriculture
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- Opportunities
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Increasing Demand for Food Production
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Growing Awareness about Crop Protection
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Integrated Pest Management (IPM) Practices
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- 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 Crop Type, 2021 - 2031 (USD Million)
- Cereals
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Fungicides Market, By Type, 2021 - 2031 (USD Million)
- Chemical
- Triazoles
- Dithiocarbamates
- Strobilurins
- Inorganics
- Chloronitriles
- Others
- Biological
- Chemical
- Fungicides Market, By Mode of Action, 2021 - 2031 (USD Million)
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Contact
-
Systemic
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- Fungicides Market, By Form, 2021 - 2031 (USD Million)
- Dry
- Liquid
- Fungicides Market, By Application, 2021 - 2031 (USD Million)
- Seed Treatment
- Soil Treatment
- Foliar Spray
- Post Harves
- 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 Crop Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- 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
- Company Profiles
- Analyst Views
- Future Outlook of the Market