Fungicides Market Share Size, Global Industry Growth, and Forecast Trends 2024-2030
Global Fungicides Market Outlook The value of the Fungicides Market reached USD 19.5 billion in 2022. Anticipated growth projects the industry to ascend from USD 20.3 billion in 2023 to USD 26.0 billion by 2030, showcasing a compound annual growth rate (CAGR) of 4.24% throughout the forecast period from 2023 to 2030. The global market is expected to register a notable growth rate during the forecast period. The increasing prevalence of fungal diseases, increasing need to reduce crop loss, and growing adoption of organic farming are the major factors for the rising growth of the global fungicides market. Additionally, increasing product innovations provides growth opportunities to the market for the forecast period. However, risks associated with fungicides are hampering the growth of the market. Segmental Analysis The global fungicides market has been segmented based on type, crop type, mode of application, and region. Based on type the global market has been segmented into chemic