The global fungicide market was valued at USD 19.53 billion in 2024 and is projected to grow from USD 20.58 billion in 2025 to USD 33.76 billion by 2034, exhibiting a CAGR of 5.6% during the forecast period. Fungicides are chemical or biological agents used to inhibit or eliminate fungal pathogens on crops, improving yield, quality, and food security. Increasing concerns over crop loss due to fungal infections, growing food demand, and rising adoption of sustainable agricultural practices are key drivers fueling market growth.
Market Segmentation
- By Type
- Chemical Fungicides
- Triazoles, Strobilurins, Benzimidazoles, Dithiocarbamates, and others
- Biological Fungicides
- Derived from natural sources like bacteria, fungi, and plant extracts; gaining traction in organic and sustainable farming.
- Chemical Fungicides
- By Form
- Liquid
- Offers easy application and fast absorption; widely used in large-scale farming.
- Powder
- Suitable for long-term storage and smaller farm operations.
- Liquid
- By Crop Type
- Cereals & Grains
- Wheat, rice, and corn see heavy fungicide usage to prevent yield loss.
- Fruits & Vegetables
- High-value crops where appearance and quality are critical.
- Oilseeds & Pulses
- Protection against soilborne and foliar diseases.
- Others
- Includes turf grass, ornamentals, and non-food crops.
- Cereals & Grains
- By Mode of Application
- Foliar Spray
- Most common method; delivers rapid action and broad coverage.
- Soil Treatment
- Targets root and seed diseases.
- Seed Treatment
- Prevents early-stage fungal infections.
- Post-Harvest
- Extends shelf life of produce and reduces spoilage.
- Foliar Spray
Market Trends
- Rise in Biological Fungicides
- Growing preference for bio-based solutions due to consumer demand for organic food, regulatory pressure, and environmental sustainability. Companies are investing in R&D to improve efficacy and spectrum of biofungicides.
- Resistance Management Strategies
- Overuse of chemical fungicides has led to resistance in fungal populations. Farmers are adopting integrated disease management (IDM) and rotating fungicides with different modes of action.
- Adoption of Precision Agriculture
- Use of sensors, drones, and data analytics for targeted fungicide application minimizes overuse, cuts costs, and improves crop protection efficiency.
- Climate Change and Fungal Incidence
- Changing climate conditions have led to higher frequency and intensity of fungal outbreaks, especially in humid and tropical regions, increasing fungicide use.
- Stringent Regulatory Environment
- Bans and restrictions on certain synthetic fungicides in regions like the EU are shifting demand toward safer and eco-friendly alternatives.
Market Challenges
- Fungicide Resistance
- Fungal pathogens are developing resistance, particularly against widely used chemical classes, necessitating innovation and stricter use guidelines.
- Environmental and Health Concerns
- Runoff, soil degradation, and potential human health impacts associated with chemical fungicides challenge long-term sustainability.
- High R&D and Registration Costs
- Developing and registering new active ingredients, especially biologicals, is time-consuming and expensive, limiting new entrants.
- Regulatory Hurdles
- Varying international regulations complicate market access and slow the approval process for new fungicide products.
Regional Insights
- North America
- Significant market share due to large-scale commercial agriculture and high adoption of advanced crop protection technologies in the U.S. and copyright.
- Europe
- Shift toward sustainable agriculture and tight regulatory oversight encourage the growth of biofungicides and low-residue chemicals.
- Asia Pacific
- Fastest-growing region owing to expanding population, growing food demand, and increased awareness among farmers in countries like China, India, and Southeast Asia.
- Latin America
- High demand from export-driven agriculture in Brazil and Argentina, especially in soybean and fruit production.
- Middle East & Africa
- Moderate growth driven by improving agricultural infrastructure and government support for crop protection.
Key Companies in the Fungicide Market
- ADAMA Agricultural Solutions Ltd.
Offers a wide portfolio of broad-spectrum fungicides, focusing on affordability and accessibility in emerging markets. - American Vanguard Corporation
Known for innovation in specialty crop protection products, including niche fungicide formulations. - BASF SE
A global leader with extensive R&D in systemic fungicides such as Revysol®, known for its novel mode of action and resistance management. - Bayer AG
Offers a comprehensive range of fungicides like Luna®, Folicur®, and Flint® with strong performance across multiple crop types. - Bioworks, Inc.
Specializes in biological crop protection, offering environmentally safe fungicides such as RootShield® and BotryStop®. - Corteva Agriscience
Develops innovative fungicides like Zorvec™ active with consistent efficacy under various climatic conditions. - DuPont
(Now part of Corteva) known for legacy products like Kocide® and involvement in resistance mitigation efforts. - FMC Corporation
Offers both chemical and biological fungicide solutions, with strong presence in North and Latin America. - Isagro SpA
Focuses on copper-based and bioactive fungicides suitable for organic farming and integrated pest management. - Marrone Bio Innovations, Inc.
A pioneer in biofungicides, providing sustainable solutions like Regalia® and Stargus®, widely used in fruit and vegetable farming. - Nippon Soda Co., Ltd.
Offers specialized fungicides for rice and vegetables, catering largely to Asian markets. - Nufarm
A key player in generic fungicides and biosolutions, focusing on cost-effective formulations for broad-acre crops. - Sumitomo Chemical
Engaged in next-generation fungicide development, with innovative formulations for systemic and protective control. - Syngenta AG
Offers popular fungicide brands like Amistar®, Ridomil Gold®, and Elatus®, with advanced formulation technologies. - UPL Ltd.
One of the largest agrochemical firms globally, offering diverse fungicide solutions with a strong presence in Latin America and India.
Conclusion
The global fungicide market is set to reach USD 33.76 billion by 2034, driven by increasing demand for food security, changing climate conditions, and a shift toward integrated and sustainable farming practices. As fungicide resistance grows and regulatory landscapes evolve, innovation in both chemical and biological fungicides will be crucial. Companies that invest in bio-based products, digital agriculture integration, and resistance mitigation will be well-positioned to thrive in this transforming market.
More Trending Latest Reports By Polaris Market Research:
Artificial Flowers Market
Metabolic Testing Market
Brain Monitoring Devices Market
Sustainable Farming Market
Blowing Agent Market
Cell Processing Instrument Market
Airport Bus Market
Southeast Asia Wood Pellet Market
Breathalyzers Market