What is the Size of Fungicide Market | Forecasts 2031

Q: How big is the fungicide market?

The fungicide market was estimated at USD 21.6 Billion in 2024 and is expected to reach USD 30.7 Billion by 2031

Q: What is the growth rate of the fungicide market?

The fungicide market is expected to grow at a CAGR of 4.60% from 2025 to 2031.

Q: What drives the fungicide market?

Increasing crop protection needs, global food demand, and adoption of precision agriculture.

Q: Who are the major players in the fungicide market?

Major companies include BASF, Syngenta, Bayer, Corteva, and FMC.

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Code: MTA5981

Publication Date: Jul 2025

What is the size of Fungicide Market?

According to 6Wresearch internal database and industry insights, the Global Fungicide Market was estimated at USD 21.6 billion in 2024 and is projected to reach USD 30.7 billion by 2031, growing at a CAGR of 4.60% during the forecast period 2025â€“2031.

The fungicide market is anticipated for the strong growth due to increasing global food demand, rising crop losses due to fungal infections, and growing awareness among farmers regarding crop protection practices.

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Key Growth Drivers of the Fungicide Market

Rising need to prevent crop losses due to fungal diseases
Increasing global population and food production demand
Growing adoption of integrated pest management (IPM)
Expansion of commercial farming and horticulture practices
Technological advancements in formulation and delivery of fungicides

Fungicide Market Trends

Fungicide market is moving forward with several trends such as eco-friendly fungicide solutions, driven by environmental regulations and organic farming trends. Broad-spectrum and systemic fungicides are being preferred for long-lasting protection. The use of seed treatment and soil-applied fungicides is increasing in high-value crops. In terms of region, Asia-Pacific remains the fastest-growing region due to expanding agricultural activities.

Emerging Developments in the Fungicide Market

Fungicide market is developing with nanotechnology-based fungicides which offers targeted action and reduced residue levels. Bio fungicides made from microorganisms and botanical extracts are gaining regulatory approvals and commercial momentum. The investment is increasing in AI-driven platforms to monitor disease outbreaks and optimize fungicide use. Smart packaging and real-time tracking solutions are being developed to improve product lifecycle management. Partnerships between agri-tech firms and agrochemical companies are accelerating innovation.