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Fungicides Market is projected to grow at a CAGR of 5.4% Says, Market Research Future
Pune, Sep 29, 2018 (Issuewire.com) - Fungicides are a type of pesticides, which primarily includes biological organisms or chemical compounds that restricts the fungal diseases by inhibiting or killing the fungus responsible for causing the disease. Fungicides are widely used in the agricultural segment for the crop protection. The most commonly used active ingredient in fungicides preparation is sulfur. The most common chemical fungicides available in the market includes dithiocarbamates, phenylamides, benzimidazoles, triazoles, chloronitriles, strobilurins and others. Furthermore, a growing demand for organic fruits & vegetables, and their awareness towards health is boosting the market of fungicides. Additionally, high acceptance for integrated pest management (IPM) by the crop cultivator’s is adding fuel to the growth of the fungicides market. However, toxicity caused due to the consumption of fungicides and stringent laws in the use of certain fungicides for crop production may hamper the market growth over the forecast period. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4832 Key Players and Competition Analysis Some of the key players profiled in the global fungicides market: BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), FMC Corporation (U.S.), Sumitomo Chemical Co., Ltd. (Japan), Adama Agricultural Solutions Ltd. (Israel), Bayer CropScience AG (Germany), DowDuPont Inc. (U.S.), Bioworks, Inc.(U.S.), Certis U.S.A. LLC (U.S.), Monsanto Company (U.S.). Segmentation Analysis Fungicides are segmented on the basis of type, which includes chemical fungicides, bio-fungicides, and others. Among both, triazoles hold the major market share followed by strobilurins in the chemical fungicides segment. The primary reason for the growth of triazoles is their extensive use for the prevention of soybean rust, which is considered to be a fungal pathogen. However, high demand for biofungicides in crop protection is projected to uplift the market of fungicides at the global level in the review period. On the basis of the mode of treatment, the fungicides market is segmented into seed treatment, soil treatment, and others. The seed treatment segment is dominating the market owing to ease of fungicides use on seeds by spraying technique. Furthermore, spraying of fungicides on fruits, stems and leaves is also easy.
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Access Report Details @ https://www.marketresearchfuture.com/reports/fungicides-market-4832 Regional Analysis The global fungicides market is segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). Europe is dominating the fungicides market followed by the Asia Pacific. Germany has been accounted for a higher use of fungicides for protection of fruits and vegetables from diseases owing to increasing awareness about the benefits of using fungicides. Moreover, increasing consumer awareness and growing demand for organic fruits, vegetables, cereals and pulses have uplifted the demand for fungicides in Asia Pacific countries like India, China and Japan, which is likely to boost the growth of the fungicides market during the review period. Additionally, approval for the use of fungicides on commercial products by the regulatory authorities and government initiative for creating awareness about the correct use of fungicide among farmers for high crop yield is projected to raise the growth of the fungicides market. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India Phone: +16468459312 Email: sales@marketresearchfuture.com
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Media Contact MRFRresearch sales@marketresearchfuture.com +16468459312 Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Source : Market Research Future See on IssueWire : https://www.issuewire.com/fungicides-market-is-projected-to-grow-at-a-cagrof-54-says-market-research-future-1612793160169428
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