Fungicides Market

Fungicides Market Size:

The global fungicides market size reached USD 20.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 29.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.02% during 2025-2033. Asia-Pacific currently dominates the market, driven by its vast agricultural land and increasing need for crop protection to ensure food security. The increasing agricultural production, rising incidences of crop disease, significant advancements in fungicide formulations, regulatory support, growing demand for food security, and expanding adoption of sustainable farming practices to enhance crop yield and quality are strengthening the market growth.

Market Size & Forecasts:

• Fungicides market was valued at USD 20.5 Billion in 2024.
• The market is projected to reach USD 29.3 Billion by 2033, at a CAGR of 4.02% from 2025-2033.

Dominant Segments:

• Type: Chemical (triazoles, strobilurins, dithiocarbamates, chloronitriles, phenylamides, and others) leads the fungicides market because of its proven effectiveness, broad-spectrum action, and fast results. They offer reliable control of fungal pathogens and are widely adopted in conventional farming.
• Form: Liquid dominates the market since it ensures uniform application, quicker absorption, and better coverage on plant surfaces. It is preferred for foliar sprays, soil treatment, and irrigation systems, making it a flexible and efficient solution for large-scale and precision farming practices.
• Crop Type: Cereals and grains (corn, wheat, rice, and others) represent the largest market share as they are staple food crops grown extensively worldwide. Protecting these crops from fungal diseases is crucial to ensure food security and minimize yield losses.
• Mode of Action: Contact exhibits a clear dominance in the fungicides market on account of its immediate protective effect. Fungicides act directly on the plant surface to prevent fungal entry, making them ideal for early-stage applications, especially in high-moisture conditions where fungal spread is rapid.
• Application: Seed treatment holds the biggest market share because it offers early protection from soil- and seed-borne fungi, improving germination rates and seedling health. This cost-effective method reduces the need for repeated spraying and supports integrated pest management practices.
• Region: Asia-Pacific leads the fungicides market due to its large agricultural base, high population, and increased focus on crop protection. Countries like India and China are investing in modern farming techniques and expanding fungicide usage to secure food production and enhance productivity across diverse climatic regions.

Key Players:

• The leading companies in fungicides market include American Vanguard Corporation, Atticus, LLC, BASF SE, Bayer AG, Botano Health, Corteva Inc., FMC corporation, Isagro SpA (Gowan Company LLC), Marrone Bio Innovations Inc, Nufarm Limited, Sumitomo Chemical Co., Ltd., Syngenta AG, Terramera Inc, UPL Limited, etc.

Key Drivers of Market Growth:

• Increasing Occurrence of Crop Diseases: Rising occurrence of crop diseases is encouraging farmers to adopt fungicides to protect yields and ensure food security. With a growing population demanding more food, controlling fungal infections is becoming crucial, leading to steady demand for effective fungicidal solutions across various crops and regions.
• Innovations in Technology: Technological advancements are enhancing fungicide formulations, making them more targeted, efficient, and environment friendly. Innovations like nano-based delivery systems and bio-fungicides improve disease control and reduce chemical load.
• Increased Crop Losses Due to Climate Change: Climate change leads to unpredictable weather patterns, humidity, and warmer temperatures, which create ideal conditions for fungal outbreaks. As crop losses continue to rise, farmers rely more on fungicides to protect yields and maintain food security.
• Growing Government Support: Rising government support through subsidies, awareness programs, and crop protection initiatives is encouraging farmers to adopt fungicides more widely. Policies aimed at promoting sustainable agriculture and funding for pest management research are improving access to modern fungicide solutions.
• Emergence of New Fungal Strains: The rise of resistant and aggressive fungal strains is creating the need for more effective and innovative fungicides. This ongoing threat is fueling research and development (R&D) activities in the industry and encouraging continual upgrades in fungicide offerings to protect crops and maintain agricultural stability.

Future Outlook:

• Strong Growth Outlook: The fungicides market is expected to see sustained expansion, driven by rising food demand, increasing awareness about crop protection, and expanding agricultural activities. With ongoing innovations in eco-friendly and targeted formulations, the market is expected to grow steadily, especially in developing regions focused on improving crop yields.
• Market Evolution: The sector is anticipated to shift from basic sulfur-based compounds to advanced chemical and bio-based formulations. The market is emphasizing targeted action, environmental safety, and resistance management. Technological advancements are further shaping the market, promoting efficiency, sustainability, and crop-specific fungicide solutions.

The fungicides market is expanding due to rising incidence of crop diseases, which continues to pose a major threat to global food security. Farmers are relying on fungicides to protect their crops from yield losses and maintain productivity. Climate change is intensifying this issue by creating conditions, such as increased humidity and unpredictable rainfall, which are favorable for fungal growth and disease outbreaks. The emergence of new and resistant fungal strains is also catalyzing the demand for advanced and more effective fungicide solutions, motivating manufacturers to innovate. Technological advancements in formulation techniques and application methods are improving the efficacy and convenience of fungicides, making them more appealing to farmers. Government agencies in several regions are providing regulatory support, subsidies, and training programs to encourage responsible fungicide use, especially among smallholder farmers. Rising awareness among farmers about the financial losses caused by untreated fungal infections is further contributing to the market growth.

Fungicides Market Trends:

Increasing food demand

Rising food demand is positively influencing the market. With a growing population worldwide, especially in developing nations, there is an increasing need to secure food supplies through higher agricultural output. As per industry reports, in 2024, the global population hit 8.2 Billion individuals. Fungicides help protect crops, such as cereals, fruits, and vegetables, from devastating fungal diseases that can reduce both quality and yield. Their use is becoming critical to ensure stable harvests across all seasons. As climate conditions are unpredictable, fungicides offer a reliable solution to safeguard plant health. Additionally, government support for modern farming practices and integrated pest management systems is boosting fungicide adoption. Thus, the growing pressure to meet global food demand is catalyzing the demand for efficient and broad-spectrum fungicidal solutions across regions.

Expansion of precision agriculture

The broadening of precision agriculture is bolstering the market growth. Precision agriculture uses technologies, such as sensors, drones, and data analytics, to monitor crop health, soil conditions, and disease patterns in real-time. This allows timely and site-specific fungicide applications, reducing waste while maximizing effectiveness. As farming is becoming more data-based, the demand for high-performance fungicides tailored to specific disease pressures and crop conditions is increasing. The ability to detect early signs of fungal infections is enabling proactive treatment, improving crop yield and quality. Additionally, precision agriculture is promoting cost-effective farming by optimizing input utilization, making fungicide application more economical and sustainable. As precision agriculture is gaining popularity, it is creating more opportunities for innovation and growth within the fungicides market. As per the IMARC Group, the global precision agriculture market size is set to attain USD 21.47 Billion by 2033, exhibiting a CAGR of 9.66% from 2025-2033.

Increasing expenditure on agricultural R&D activities

The growing investments in agricultural R&D activities are offering a favorable market outlook. According to the information provided by the USDA, in 2024, funding for agricultural climate mitigation R&D reached USD 424 Million. As government agencies, agrochemical companies, and research institutions are increasing expenditure, new fungicide formulations are being developed with improved efficacy, longer residual action, and lower environmental impact. These advancements help tackle resistance issues more effectively. R&D also supports the creation of targeted application methods, such as precision spraying, which optimize fungicide usage and reduce waste. Additionally, innovations in genomics are enabling the identification of disease-resistant crops and tailored fungicide treatments. Overall, the demand for scientifically advanced fungicides is surging, with R&D playing an important role in equipping farmers with efficient tools to protect yields and ensure sustainable farming practices.

Key Growth Drivers of Fungicides Market:

Growing incidence of crop diseases

Rising incidence of crop diseases is propelling the market growth. Fungal infections, such as rusts, blights, mildews, and leaf spots, are becoming more frequent and widespread due to changing climatic conditions and intensive farming practices. These diseases can cause major crop losses, affecting both quality and quantity, thus motivating growers to adopt fungicides as a primary line of defense. With global agricultural demand rising, the need to maintain consistent and healthy crop output is becoming critical. As traditional practices fail to contain aggressive outbreaks, the employment of chemical and biological fungicides is increasing. This trend is enabling agrochemical companies to offer more advanced, targeted, and broad-spectrum products, thereby fueling the overall growth of the fungicides market.

Emergence of new fungal strains

The rise of fungal strains is positively influencing the market. These new strains often develop resistance to existing fungicide formulations, rendering older treatments less effective. As a result, there is a growing demand for innovative and advanced fungicides that can combat these evolving threats. The need to protect high-value crops and ensure consistent yields is motivating manufacturers to wager on the creation of broad-spectrum and targeted fungicides. Farmers are adopting more effective disease management practices to maintain food supply. This is leading to higher employment of fungicides with refined efficacy. The constant evolution of fungal pathogens keeps the market dynamic and fuels ongoing innovation, making the development of new fungicide solutions a priority.

Technological advancements

Technological advancements are enabling the development of more effective, reliable, targeted, and environment friendly solutions. Modern research tools, such as molecular biology and nanotechnology, allow manufacturers to create fungicides that act more efficiently against specific fungal pathogens while minimizing harm to crops and the environment. These innovations also improve formulation stability, increase shelf life, and reduce application frequency, making them more cost-effective for farmers. Advanced delivery systems like controlled-release formulations and drone-based spraying are enhancing coverage and efficiency. Additionally, digital agriculture tools support data-driven decisions on fungicide use, thereby optimizing outcomes and improving reliability. Overall, technological progress is reshaping the fungicides market and driving its expansion across both developed and developing regions.

Fungicides Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type, form, crop type, mode of action, and application.

Breakup by Type:

• Chemical 
  • Triazoles
  • Strobilurins
  • Dithiocarbamates
  • Chloronitriles
  • Phenylamides
  • Others
• Biological 
  • Microbials
  • Microchemical
  • Macrobials

Chemical accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes chemical (triazoles, strobilurins, dithiocarbamates, chloronitriles, phenylamides, and others) and biological (microbials, microchemical, and macrobials). According to the report, the chemical represent the largest segment.

The increasing demand for chemical fungicides due to their proven efficacy, broad-spectrum activity, and quick action against a wide range of fungal diseases is bolstering the fungicides market share. These fungicides, derived from synthetic chemicals, provide reliable and consistent results, making them a preferred choice for farmers seeking effective disease control. They are readily available, cost-effective, and can be applied easily using existing agricultural practices and equipment. Additionally, chemical fungicides have been extensively researched over decades, leading to a deep understanding of their modes of action and application techniques. This established reliability and widespread acceptance of chemical fungicides in conventional farming practices is providing an impetus to the market growth.

Breakup by Form:

• Liquid 
  • Suspension Concentrates (SC)
  • Emulsifiable Concentrates (EC)
  • Soluble Liquid Flowables (SLC)
• Dry 
  • Water Dispersible Granules (WDG)
  • Wettable Powder (WP)

Liquid holds the largest share of the industry

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes liquid (suspension concentrates (SC), emulsifiable concentrates (EC), and soluble liquid flowables (SLC)) and dry (water dispersible granules (WDG) and wettable powder (WP)). According to the report, liquid accounted for the largest market share.

Liquid fungicides are widely preferred due to their ease of application, uniform distribution, and effectiveness in covering large agricultural areas. They can be easily mixed with water and applied using standard spraying equipment, ensuring thorough coverage of crops and effective penetration to target pathogens. Liquid formulations, such as emulsifiable concentrates, soluble concentrates, and suspension concentrates, offer versatility in application methods, including foliar sprays, soil drenches, and seed treatments. Additionally, liquid fungicides are popular for their ability to rapidly address fungal infections, providing immediate protection and curative action. The convenience, efficiency, and adaptability of liquid fungicides make them the preferred choice for many farmers, contributing to their market demand.

Breakup by Crop type:

• Cereals and Grains 
  • Corn
  • Wheat
  • Rice
  • Others
• Oilseeds and Pulses 
  • Soybean
  • Cotton
  • Others
• Fruits and Vegetables 
  • Apple
  • Pears
  • Cucumber
  • Potatoes
  • Grapes
  • Others
• Others

Cereals and grains represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the crop type. This includes cereals and grains (corn, wheat, rice, and others), oilseeds and pulses (soybean, cotton, and others), fruits and vegetables (apple, pears, cucumber, potatoes, grapes, and others), and others. According to the report, cereals and grains represented the largest segment.

Cereals and grains dominate the market due to their fundamental role in global food security and agricultural economics. These crops, including wheat, rice, maize, and barley, are staple foods for a large portion of the world's population and are highly susceptible to various fungal diseases that can significantly impact yield and quality. Farmers prioritize the use of fungicides to protect these essential crops from diseases such as rust, blight, and mildew to ensure high productivity and economic viability. The high demand for cereals and grains, coupled with the necessity to maintain healthy and abundant harvests, drives the extensive use of fungicides in this segment, creating a positive outlook for market expansion.

Breakup by Mode of Action:

• Contact
• Systemic

Contact exhibits a clear dominance in the market

A detailed breakup and analysis of the market based on the mode of action have also been provided in the report. This includes contact and systemic. According to the report, contact accounted for the largest market share.

The popularity of contact fungicides is driven by their immediate and broad-spectrum effectiveness in controlling fungal pathogens. These fungicides act on the surface of plant tissues, creating a protective barrier that prevents fungal spores from germinating and penetrating the plant. Their ability to rapidly inhibit fungal growth upon contact makes them an essential tool for managing diseases in various crops. Contact fungicides are generally cost-effective, easy to apply, and can be integrated into regular spraying schedules, making them a preferred choice for farmers. Their quick action and reliable protection, particularly in preventing disease outbreaks, contribute to their widespread use and demand.

Breakup by Application:

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

Seed treatment dominates the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes seed treatment, soil treatment, foliar spray, chemigation, and post-harvest. According to the report, seed treatment represented the largest segment.

The extensive use of fungicides in seed treatment due to their efficient and targeted approach to disease control is impelling the market growth. By applying fungicides directly to seeds before planting, this method ensures early protection against soil-borne and seed-borne pathogens, promoting healthy germination and robust early plant growth. Seed treatments use minimal quantities of fungicides, making them a cost-effective and environmentally friendly solution compared to foliar or soil applications. This targeted application reduces the overall chemical usage and mitigates the risk of resistance development in pathogens. Additionally, seed treatments enhance crop resilience and yield potential, providing farmers with a reliable strategy to safeguard their investments. The effectiveness, efficiency, and sustainability of seed treatment are propelling the fungicides market size.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Asia Pacific leads the market, accounting for the largest fungicides market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for fungicides.

Asia Pacific with its extensive agricultural activities and diverse cropping systems is the leading market in the industry. The region's growing population drives the demand for higher agricultural productivity to ensure food security. Countries like China and India, major agricultural producers, heavily rely on fungicides to protect key crops such as rice, wheat, and vegetables from fungal diseases. Additionally, increasing awareness about crop protection and advancements in agricultural practices boost fungicide adoption. Concurrently, the region's favorable climatic conditions for fungal growth further necessitate the use of fungicides. Apart from this, strong government support for modernizing agriculture and improving crop yields also contributes to the region's dominance in the market.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the fungicides industry include American Vanguard Corporation, Atticus, LLC, BASF SE, Bayer AG, Botano Health, Corteva Inc., FMC Corporation, Isagro SpA (Gowan Company LLC), Marrone Bio Innovations Inc, Nufarm Limited, Sumitomo Chemical Co., Ltd., Syngenta AG, Terramera Inc, UPL Limited, etc.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• The competitive landscape of the global fungicides market is characterized by the presence of several key players, ranging from multinational corporations to regional firms. Leading companies dominate the market, leveraging their extensive R&D capabilities, broad product portfolios, and strong distribution networks. These companies focus on innovation, developing advanced fungicide formulations and bio-based alternatives to meet the growing demand for sustainable solutions. Additionally, strategic initiatives like mergers, acquisitions, and partnerships help them expand their market presence and enhance their product offerings. Meanwhile regional players and emerging companies contribute to the competitive dynamics by catering to local market needs and offering cost-effective solutions. The market competition is further intensified by the increasing regulatory scrutiny on chemical fungicides, driving companies to invest in environmentally friendly and compliant products to maintain their competitive edge.

Fungicides Market News:

• June 2025: BASF initiated the registration process for its novel fungicide Adapzo® Active (Flufenoxadiazam) and presented the regulatory documents to the appropriate authorities in Brazil and Paraguay, with plans for a later submission in Bolivia. This novel active compound was the first histone deacetylase (HDAC) inhibitor in the industry. Drawing from BASF's legacy in pioneering disease management for soybeans, Adapzo Active signified a significant advancement in the company’s initiative to provide farmers with a crucial new mode of action, achieving an exceptional degree of Asian Soybean Rust (ASR) control.
• June 2025: Corteva revealed the imminent release of Forcivo™ fungicide, designed to combat foliar diseases in corn and soybeans using three potent active ingredients: flutriafol, azoxystrobin, and fluindapyr. Forcivo fungicide would assist in protecting crops with both preventive and curative actions while managing various diseases, such as tar spot, southern rust, and frogeye leaf spot.
• March 2025: ADAMA US launched Maxentis™ SC, an innovative fungicide that merged two active components to offer corn, soybean, and wheat producers a durable solution for managing the most harmful crop diseases, such as tar spot, frogeye leaf spot, and additional foliar diseases, resulting in improved plant health. Maxentis SC combined the established active components prothioconazole and azoxystrobin into a single, user-friendly formulation.
• September 2024: FMC Corporation, a top agricultural sciences firm, revealed the introduction of three innovative crop protection products in India. The latest herbicides and fungicide enhanced FMC’s strong lineup of insecticides and reinforced the company's dedication to addressing the changing requirements of Indian farmers through science and innovation-focused crop solutions. Velzo® fungicide, a specialized treatment aimed at fighting Oomycete infections in grapes, tomatoes, and potatoes, would assist grape farmers in Maharashtra and Karnataka in tackling the issue of Downy mildew.
• August 2024: Syngenta India, a prominent agri-tech firm, unveiled two innovative crop protection solutions, ‘Miravis Duo and Reflect Top,’ aimed at transforming crop safety and guaranteeing high-quality yields for farmers nationwide. Miravis Duo, utilizing ADEPIDYN technology, was an advanced fungicide authorized for application on tomato, chili, groundnut, and grape. It provided outstanding management of illnesses like powdery mildew, anthracnose, and leaf spots.
• July 2024: GSP Crop Science, an Indian producer and seller of agrochemicals, released its distinct fungicide, ELEMENT, aimed at meeting the requirements of the local agricultural sector. ELEMENT was a comprehensive fungicide, providing strong defense against various fungal diseases.

Fungicides Market Report Scope:

Key Questions Answered in This Report:

• How has the global fungicides market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global fungicides market?
• What is the impact of each driver, restraint, and opportunity on the global fungicides market?
• What are the key regional markets?
• Which countries represent the most attractive fungicides market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the fungicides market?
• What is the breakup of the market based on the form?
• Which is the most attractive form in the fungicides market?
• What is the breakup of the market based on the crop type?
• Which is the most attractive crop type in the fungicides market?
• What is the breakup of the market based on the mode of action?
• Which is the most attractive mode of action in the fungicides market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the fungicides market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global fungicides market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the fungicides market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global fungicides market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the fungicides industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.