Fungicide Market by Type (Chemical, Biological), Mode of Application (Seed Treatment, Soil Treatment, Foliar Spray, Post-Harvest), Mode of Action (Contact, Systemic), Form (Dry, Liquid), Type of Culture and Region – Global Forecast to 2027
This press release was originally distributed by SBWire
Northbrook, IL 60062 – (SBWIRE) – 04/11/2022 – According to a research report “Fungicide Market by Type (Chemical, Biological), Mode of Application (Seed Treatment, Soil Treatment, Foliar Spray, Post- Crop), Mode of Action (Contact, Systemic), Form (Dry, Liquid), Crop Type, and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global fungicide market will be valued at USD 20.8 billion in 2022. It is expected to reach USD 28.0 billion by 2027, registering a CAGR of 6.1% during the forecast period.
The fungicide market has been influenced by some of the macro indicators seen across the globe. According to the Food and Agriculture Organization of the United Nations, the total amount of agricultural land devoted to organic farming for cereals, pulses, fruits and vegetables is increasing year by year. Global farmland under organic farming in 2020 was 74.95 million hectares, a growth of 5.40% from 71.11 million hectares in 2018. This increase in farmland under organic farming provides farmers the opportunity to meet the growing domestic and global demand for organic foods. As a result, farmers use fungicides to protect their crops against various fungal infestations to minimize crop loss and increase overall crop yield.
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With the increase in the global consumption of pesticides and the increase in foreign direct investment in agricultural activities, the trend of investing in R&D activities for sustainable farming techniques has greatly boosted the use of various fungicides in agriculture. agricultural industry. The main type of crop on which the maximum application of fungicides is carried out is cereals and grains, the mode of application being spraying and seed treatment.
Key players focusing on the development of fungicide mixtures in Brazil
Brazil (the fifth largest country in the world in terms of area and population) is also one of the few countries with the potential to significantly increase agricultural area and yields. It has grown from an exporter of tropical agricultural products (coffee, sugar and cocoa in the 1960s and 1970s) to a major global supplier of soybeans, soybean products, corn, cotton, sugar, coffee , orange juice, meat and ethanol. since the beginning of the 21st century. Fungicide manufacturers have changed their main active ingredients at least twice due to the prevalence of Asian rust spores. Most products in Brazil use carboxamide to control disease, but crops have experienced increased resistance to carboxamides. A new agreement was reached in 2017 between Sumitomo Chemical Company and Bayer for the development of fungicide mixtures that help control fungal diseases of soybeans in Brazil. Summit Agro in Paraguay introduced a new fungicide Planity in 2022, to protect soybeans from soybean rust caused by the fungus Phakopsora pachyrhizi and other end-of-cycle pathogens.
High demand for seed coating in commercial farms is driving the market
Since many pathogenic fungi are carried on or in the seed, seed treatment with fungicides is essential. Additionally, once the seed is sown, it is vulnerable to attack by many common soil pathogens, which can lead to seed rot, seedling mortality, or disease production later on. Seed treatment is the most effective and cost-effective method of disease control and is promoted as standard practice in crop protection against soil and seed-borne pathogens. Seed treatment is therapeutic when pathogens infect embryos, cotyledons, or endosperms below the seed coat because seeds have protective seed surfaces that prevent soil pathogens from entering the seedling.
Some active ingredients used for seed treatment fungicides are metalaxyl, mefenoxam, captan, carboxin and thiram, carboxin and captan, fludioxonil and mefenoxam and thiram, applied to provide protection against pythium, phytophthora, rhizoctonia, phomopsis and fusarium.
Curative disease control, internal protection and translocation to hidden parts of the plant show efficacy thus driving the market towards systemic fungicide
Systemic products, often called penetrants, are absorbed by the plant and can spread to other areas of the plant from the site of application. They are locally systemic (move only a short distance from the spray droplet) others are more mobile within the plant (systemic) and can travel to the tip of the leaf or shoot and still others are very systemic and can move throughout the plant, including the roots. Most systemic fungicides are highly effective against their target pathogens whether applied topically or systemically. However, systemic products have longer post-infection activity because they penetrate deeper into plant tissues and can catch advanced infection. Topical systemic fungicides have a translaminar mode of action. This implies that they move across the sheet from side to side or across the sheet. By this form of fungicide, only the new shoots are protected for a short time.
Systemic fungicides protect plants from the inside as they are taken up by the plants unlike contact fungicides which protect the plants from the outside and can only eliminate the activities of pathogens. Systemic fungicides can also prevent some fungal infections when applied and absorbed through the roots. These pose fewer threats to the environment because they are biodegradable by plants. Using a low volume of this fungicide has maximum impact on fungus eradication and control. The main advantage of systemic fungicide is that its translocation to other parts of the plant when applied to a surface is beneficial in protecting the crop from fungal attack.
Asia-Pacific holds the largest market share during the forecast period
Crops grown in Asian countries are rice, wheat, millet, pulses, cotton, sugar cane, tea, oilseeds and rubber in India, China, Pakistan, Indonesia, Malaysia , Iraq, Russia, Bangladesh and Myanmar. Sugar cane, yam, taro, noni, cava, coconut, cassava, bananas and betel nuts in Pacific countries
China produces rice, wheat, potatoes, tomatoes, sorghum, peanuts, tea, millets, barley, cotton, oilseeds, corn and soybeans. According to FAOSTAT, in 2021 maize was produced at 272 MMT (million metric tons), rice at 212 MMT (million metric tons) and wheat at 136 MMT (million metric tons).
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BASF has launched Melyra fungicide in China with active ingredient F500. This provides farmers with new solutions for harvesting crops. This fungicide is based on Revysol fungicide in China which has an excellent effect on biological performance against difficult to control pathogens in specialty and row crops while meeting high regulatory standards. Farmers trust products containing Revysol that treat a wide range of diseases in a variety of crops safely and sustainably. This can be used in various crops such as rice, pomegranate, corn, grapes and cereals. In rice, they protect against sheath blight and blast, septoria leaf spot in cereals, gray leaf spot, northern corn blight, and phaeosphaeria leaf spots and rusts in maize plants .
Sumitomo Chemical Company Limited introduced in Japan KANAME Flowable, a new horticultural fungicide containing INDIFLIN (inpyrfluxam). One of Sumitomo Chemicals’ pipeline products, INDIFLIN, is a brand new fungicidal active ingredient that the company plans to complete registration in major markets by 2020. (B2020 Initiative). It belongs to a group of fungicides called succinate dehydrogenase inhibitors (SDHI), which prevent pathogenic fungi from producing energy. In internal and external tests, it has demonstrated remarkable efficacy against a wide range of plant diseases due to its excellent fungicidal action, high foliar penetration and systemic action. Thus, it is expected that INDIFLIN will provide new approaches to manage widespread diseases that threaten important crops such as soybeans and cereals.
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Mr. Aashish Mehra
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Northbrook, Illinois 60062
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