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The global fungicide market reached USD 20.4 billion in 2022 and is expected to reach USD 33.7 billion by 2030, with favorable growth projected. The CAGR for the forecast period from 2023 to 2030 is 6.5%.
Fungicides are chemical or biological compounds that prevent or kill the reproduction of fungi. Various fungicides include dithiocarbamates, benzimidazoles, triazoles, strobilurins, and carboxamides. Natural fungicides are derived from organisms or their derivatives and can effectively control fungal diseases, contributing to the overall size of the global fungicide market.
Fungicides are classified into contact fungicides and systemic fungicides based on their application methods. Contact fungicides are directly applied to the surface of plants, while systemic fungicides are absorbed by the plants and protect the entire tissue, recording high sales in the fungicide market. Protective fungicides form a barrier on the plant surface, preventing fungal spores from germinating and infecting the plants, and these products also significantly contribute to the sales of the global fungicide market.
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