North America Fungicides Market

North America Fungicides Market Size, Growth, Trends and Forecast:

North America Fungicides Market was worth USD 4.9 billion in 2020 and is expected to reach USD 5.53 billion by 2025 with a CAGR of 4.0 %. Fungicides are a kind of pesticides used to kill fungi or other pests. Fungi results in mold, rot or even disease. Before becoming a serious problem, farmers control fungi by using fungicides in agriculture. Fungicides can be either protectants or eradicants. In the course of recent years, fungicide usage has developed greatly in different types of plants mainly fruits, vegetable, cereals, and rice.

Rising need for food security for the increasing population, increasing loss of crop due to fungal disease, increasing investment in research and development, shrinking arable land, change in farming practices are the factors strengthening the market. However, factors such as stringent regulatory conditions differs in countries, increase in environmental pollution and shift to genetically modified seeds are limiting the growth of the fungicides market.

North America Fungicides Market Segmentation:

 North America Fungicides Market – By Type:

• Synthetic

• Bio fungicides

North America Fungicides Market – By Crop Type:

• Fruits and vegetables
• Oilseeds
• Pulses
• Cereals
• Grains and others

North America Fungicides Market – By Form:

• Liquid
• Wettable powder
• Water dispersable Powder

Geographical Analysis:

Based on Geography, this market is further segmented in to

• US
• Canada

Market is increasing at a high CAGR because of its technological advances.

Key Players:

The North America fungicides market is dominated by key players like BASF SE, Dow AgroSciences LLC, Sumitomo Chemical Co., Ltd, Bayer CropScience AG, Syngenta AG, Nippon Soda Co. Ltd, Cheminova A/S, and Nufarm Ltd