Fungicides Market Size & Share, by Type {Synthetic (Dithiocarbamates, Benzimidazoles, Chloronitriles, Triazoles, Phenylamides, Strobilurins), Bio}; Form (Dry, Liquid); Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables); Application (Soil Treatment, Seed Treatment, Foliar Spray, Chemigation, Post-Harvest) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 428
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Fungicides Market size is poised to cross USD 29 Billion by the end of 2033, growing at a CAGR of 8% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of fungicides was over USD 19 Billion. The growth of the market is primarily ascribed to the increasing prevalence of plant pests, and disease outbreak in crops across the globe. As per the Food and Agricultural Organization of the United Nations (FAO), pests destroy between 20 and 40% of global crop production each year. Thus, plant diseases cost the global economy over USD 220 billion each year, and invasive insects approximately USD 70 billion.

Fungicides are defined as a type of biological organism that controls fungal disease by killing the fungi, and fungal infections. It is widely used for the prevention of fungal disease that affects plants. Fungicides help to enhance the quality of the crop. They aid in crop protection in order to retain production and quality. They have a broad range of applications in agriculture, horticulture, and floriculture for improving the crop yield. It is also used in animals to prevent them from fungal infection. For instance, fungicide use has skyrocketed in the recent decade. Nearly 450 thousand tons of fungicides are applied globally, accounting for 18% of total application of pesticides.

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Fungicides Sector: Growth Drivers and Challenges

Growth Drivers

  • Increased Emphasis on High-Value Crops Yield - High value crops are typically non-staple agricultural products that offer farmers higher net returns per hectare. These crops include fruits, vegetables, flowers, ornamentals, and spices. Growing high-value crops has a considerable impact on agricultural income, consumer spending, and poverty reduction. Therefore, increasing emphasis on the cultivation of high-value crops is fueling up the fungicides market over the forecast period. For instance, the worldwide tomato crop is expected to increase from 37 to 39.8 million metric tons by 2022.
  • Worldwide Increasing Consumption of Cereals – According to a report published by the Food and Agricultural Organization of the United Nations, in 2022-23, global cereal consumption is expected to be nearly 2 784 million tons.
  • Rising Food Insecurity Rate – According to the United Nations, as per current estimates, approximately 690 million people, or 8.9% of the world's population, are starving, that denotes an increase of 10 million in one year and nearly 60 million in five years.
  • Worldwide Growing Adoption of Organic Farming – For instance, at the end of 2018, there were nearly 70 million hectares of land farmed organically, an increase of 3 million hectares or over 4% from the previous year. Additionally, with 36 million hectares, Australia has the most land that is organically farmed till 2020, followed by Argentina 3.5 million hectares, and China 3 million hectares.
  • Escalating Global Population - According to United Nations figures, the global population is predicted to reach 8.5 billion in 2030 and 9.7 billion in 2050.


  • Rising Environmental and Health Concerns
  • Risks of Developing Resistance Against the Fungicides
  • Higher Risks of Effecting Beneficial Microorganisms Presents in Crops

Fungicides Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

 USD 19 Billion

Forecast Year Market Size (2033)

USD 29 Billion

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Fungicides Segmentation

Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables)

The global fungicides market is segmented and analyzed for demand and supply by crop type into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Out of these, the fruits & vegetables segment is anticipated to garner the largest share of the market over the forecast period owing to the rising prevalence of fungal disorders in fruits and vegetables plants across the globe, and the majorly increasing use of fungicides to treat fruits and vegetables plants. For instance, strawberries suffer substantial damage from a variety of pests and illnesses. Black spot (Colletotricum acutatum), powdery mildew (Podosphaera aphanis), grey mold, white leaf spot, leaf scrotch, and other diseases that affect the yield are the most common in strawberries around the world. As of these diseases, in Ukraine, the yield of strawberry was reduced by 13 to 90% between 2020-2021.

Our in-depth analysis of the global fungicides market includes the following segments:

        By Type

  • Synthetic Fungicides
    • Dithiocarbamates
    • Benzimidazoles
    • Chloronitriles
    • Triazoles
    • Phenylamides
    • Strobilurins
    • Others
  • Bio Fungicides

         By Form

  • Dry
  • Liquid

         By Crop Type

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



          By Application

  • Soil Treatment
  • Seed Treatment
  • Foliar Spray
  • Chemigation
  • Post-Harvest

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Fungicides Industry - Regional Synopsis

Regionally, the global fungicides market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033 backed by the increasing major crop production including, rice, vegetables and fruits, cereals. For instance, China had the biggest rice paddy production in the Asia-Pacific region in 2020, with over 210 million tons produced. Rising demand for high-quality food products, growing demand for food, increasing population, and escalating disposable income in the region are some other major factors anticipated to influence the market growth over the forecast period.

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Companies Dominating the Fungicides Landscape

    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Syngenta Crop Protection AG
    • Sumitomo Chemical Co., Ltd.
    • Nufarm Limited
    • Adama Agricultural Solutions Ltd.
    • FMC Corporation
    • Corteva Agriscience
    • UPL Limited
    • Isagro SpA
    • BioWorks, Inc.


In The News

  •  BASF SE launched Pillar SC Intrinsic brand fungicide that offers broad-spectrum control of 26 cool- and warm-season turf diseases, including brown patch, dollar spot, leaf spots, and large patches. This is BASF's first fungicide developed specifically for lawn care.

  •  Sumitomo Chemical Co., Ltd. launched KANAME Flowable, in Japan. The new fungicide INDIFLIN (inpyrfluxam) is indicated primarily for the treatment of diseases in vegetables and fruit trees.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 428
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increased emphasis on high-value crops yield, worldwide increasing consumption of cereals, and rising food insecurity rate are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2033.

Rising environmental and health concerns, risks of developing resistance against the fungicides, and higher risks of effecting beneficial microorganism presents in crops are estimated to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are BASF SE, Syngenta Crop Protection AG, Sumitomo Chemical Co., Ltd., Nufarm Limited, Adama Agricultural Solutions Ltd., FMC Corporation, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, form, crop type, application, and by region.

The fruits & vegetables segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Fungicides Market Report Scope

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