Global Fungicides Market 2017 Analysis and Forecasts to 2021

MarketResearchNest.com adds “Global Fungicides Market 2017-2021” new report to its research database. The report spread across 88 pages with table and figures in it.

Research analysts forecast the global fungicides market to grow at a CAGR of 5.20% during the period 2017-2021.

About Fungicides
Diseases are a common occurrence among plants, creating a significant economic impact on yield and quality. Therefore, managing diseases is an essential part of the production for most crops. Fungal infection is one of the topmost causes of crop loss worldwide. Fungicides are used for both prevention and control of fungal diseases that affect plants. They may be selective for specific diseases or non-selective, with wide-spectrum activity against multiple fungal diseases. The use of fungicides varies based on the crop type. Broadly, there are three main reasons behind the use of fungicide: (a) To control a disease during the developmental stages of a crop. (b) To enhance the productivity of a crop. (c) To improve the shelf life and quality of harvested plants and produce.

Covered in this report
The report covers the present scenario and the growth prospects of the global fungicides market for 2017-2021. To calculate the market size, the report considers the sales market.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-fungicides-market-2017-2021.html

The market is divided into the following segments based on geography:
• APAC,
• Europe,
• MEA,
• North America,
• South America

Technavio's report, Global Fungicides Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global fungicides market: BASF, Bayer, FMC, Sumitomo Chemical, and Syngenta

Other Prominent Vendors in the market are: ADAMA Agricultural Solutions, American Vanguard Corporation, Isagro, ISHIHARA SANGYO KAISHA, NIPPON SODA, and UPI.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Increasing popularity of bio-based fungicides. Biological fungicides or bio-based fungicides or biofungicides help in effectively managing diseases in greenhouse vegetables and floriculture crops. Biofungicides are made of beneficial microorganisms such as specialized fungi and bacteria that attack and control plant pathogens and diseases caused by them. Biofungicides can be a viable substitute to chemical fungicides and is used as part of an integrated disease management program reducing the risk of pathogens developing resistance toward traditional chemical-based fungicides.”

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According to the report, one of the major drivers for this market is Increasing food demand and agricultural land scarcity. Developing economies, with huge populations, rapid economic growth, and limited natural resources, are facing the intense pressure of ensuring food security. Economic development, rapid population growth, and urbanization have significant impacts on these countries, increasing the consumption of food and imposing excessive pressure on arable land demand. Even with substantial investments in the agricultural sector, low labor productivity, natural catastrophe, land constraints, and slowing crop yield pose significant barriers to overcome. It is highly challenging for the regions to tackle difficulties even with effective land reform policies, without negotiating the problems of food security.

Further, the report states that one of the major factors hindering the growth of this market is Genetically modified crops hampering use of fungicides. Genetic engineering involves the physical removal of DNA from one organism and transfer of genes into another. Genetically modified (GM) crops are capable of addressing problems such as pest infestations, diseases, and low crop yields where other breeding techniques have failed.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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