Fungicides Market – Global Opportunities & Forecast, 2020-2027

1. Fungicides Market

2. The primary objective of the market report by GMI Research is to help the users understand the market scenario in terms of its definition, segmentation, drivers, opportunities, market trends, and the challenges that the market is facing. This report focuses on the market, especially in North America, Europe, Asia-Pacific, and the rest of the world.

3. Key Drivers of the Fungicides Market The strong demand for high-value crops, the increasing number of crop diseases, and the introduction of novel fungicide products are the significant factors that are accelerating the demand of the global fungicides market. It has been observed that climate change is one of the major reasons, which is impacting natural ecosystems. Plant disease management faces numerous challenges across the world due to the exhaustion of marginally arable lands, the competition of land in fertile areas, the accelerating demand for diverse foods driven by the rising population, depletion of natural resources, and growing risk of epidemics. To meet the rising population demand, farmers around the world have started adopting fungicides for crop as the treated plants are more efficient in photosynthesis as compared to untreated ones. Hence, the increasing number of crop diseases is accelerating the adoption of fungicides at the global level. This factor is surging the growth of the fungicides market size.

4. On the other hand, the rising cases of fungicides not able to prevent plants due to the high resistance of some fungus, is a major factor that is hampering the growth of the market.

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