The global fungicides market size was estimated at USD 19.59 billion in 2024 and is projected to reach USD 27.32 billion by 2030, growing at a CAGR of 5.8% from 2025 to 2030. This projected growth is primarily driven by the rising global population, which is significantly increasing the demand for enhanced food production. To meet this growing demand, it is critical to improve crop yields, making the use of fungicides an essential component in modern agricultural practices.

A major factor contributing to the expansion of the fungicides market is the increased prevalence of fungal diseases affecting a wide range of crops. These diseases pose serious threats to agricultural productivity, making fungicides vital tools for farmers aiming to safeguard their harvests. The effective application of fungicides helps to prevent and control plant diseases such as blight, rust, and mildew, which can otherwise result in substantial crop losses.

Furthermore, advancements in agricultural technology, along with a growing level of awareness among farmers about the benefits of timely and appropriate fungicide use, are reinforcing market growth. Farmers are increasingly adopting modern crop protection techniques, and this shift is leading to greater adoption of fungicidal products that enhance crop resilience and maximize output.

Additionally, the movement toward sustainable agriculture and the adoption of integrated pest management (IPM) practices are encouraging the development of innovative, eco-friendly fungicide solutions. These approaches aim to balance effective pest control with environmental responsibility, aligning with regulatory trends and consumer expectations for sustainable food production.

Fungicides play a critical role within the broader category of pesticides, specifically formulated to target and eliminate fungal pathogens and their reproductive spores. Their role in maintaining crop health and food security is becoming increasingly important as the agricultural sector faces mounting pressure to produce more with fewer resources.

Key Market Trends & Insights:

• In 2024, the Asia Pacific fungicides market led the global landscape, capturing the largest revenue share of 39.1%. This regional dominance is primarily attributed to the vast agricultural activities across the region, coupled with a growing emphasis on increasing crop yields to meet the demands of rapidly expanding populations.

• Within the Asia Pacific region, China emerged as the leading country, dominating the regional fungicides market in 2024. China’s leadership position is supported by its large-scale farming operations, significant government initiatives aimed at improving agricultural productivity, and increasing awareness among farmers regarding the importance of crop protection products like fungicides.

• In terms of product type, the inorganic fungicides segment held the largest revenue share of 29.2% in 2024. Inorganic fungicides, which include compounds such as copper and sulfur-based formulations, are widely used due to their effectiveness in controlling a broad spectrum of fungal diseases and their cost-efficiency. Their continued use in both conventional and organic farming systems contributes to their strong market position.

• When analyzed by application, the cereals and grains segment accounted for the largest revenue share of 51.9% in 2024. This significant share reflects the high global demand for staple crops such as wheat, rice, corn, and barley, which are especially vulnerable to fungal infections. Protecting these crops with fungicides is essential to maintaining food security and supporting agricultural economies, particularly in major grain-producing regions like Asia Pacific.

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Market Size & Forecast:

• 2024 Market Size: USD 19.59 Billion

• 2030 Projected Market Size: USD 27.32 Billion

• CAGR (2025-2030): 5.8%

• Asia Pacific: Largest market in 2022

Key Companies & Market Share Insights:

Several key players dominate the global fungicides market, including prominent companies such as Nufarm Ltd., FMC Corporation, DuPont, and others. These industry leaders employ a variety of strategic approaches to strengthen their competitive position and capture a larger share of the market. Among the most common tactics are strategic partnerships and collaborations, which enable companies to pool expertise, share resources, and accelerate innovation in the development of new fungicide products. Such alliances are crucial in addressing the evolving needs of modern agriculture, particularly with an increasing focus on sustainability and efficacy.

In addition to collaboration, these companies actively focus on the launch of new fungicide products tailored to meet changing agricultural demands. This includes developing formulations that not only provide effective protection against a wide range of fungal diseases but also align with environmental standards and sustainable farming practices. Moreover, mergers and acquisitions remain a popular growth strategy, allowing firms to broaden their product portfolios, expand their geographic reach, and strengthen their overall market presence.

FMC Corporation stands out as a specialist in the development and manufacturing of innovative crop protection solutions, encompassing fungicides, insecticides, and herbicides. Operating across diverse segments such as agriculture, turf and ornamental, and professional pest management, FMC offers a comprehensive portfolio of fungicide products. These products are specifically engineered to combat multiple fungal pathogens that threaten important crops like fruits, vegetables, and grains. FMC’s commitment extends beyond pest control to enhancing overall agricultural productivity while promoting sustainability through environmentally responsible solutions.

Similarly, DuPont is a major player in the agricultural sector, producing a wide range of products including fungicides that protect crops from fungal infections. The company operates in multiple business segments, including agriculture, nutrition, and biotechnology, enabling it to take a holistic approach to crop health management. DuPont’s fungicide products are integral components of broader crop protection strategies and are applied to various crops such as cereals, fruits, and vegetables. Leveraging its extensive research and development capabilities, DuPont continually innovates to provide farmers with cutting-edge fungicide solutions that address emerging challenges, improve crop resilience, and maximize agricultural yields.

Key Players

• Nufarm Ltd.

• FMC Corporation

• DuPont

• BASF Agricultural Solutions

• Cheminova A/S

• Bayer CropScience

• Syngenta AG

• Dow AgroSciences

• Lanxess AG

• Monsanto

• Adama Agricultural Solutions

• Simonis B.V.

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Conclusion:

The fungicides market is expected to experience steady growth driven by the increasing need for higher agricultural productivity to feed a growing global population. Rising incidences of fungal diseases in crops, advancements in fungicide formulations, and growing awareness among farmers about crop protection are key factors supporting market expansion. Additionally, the shift toward sustainable agriculture and integrated pest management is encouraging the development of environmentally friendly fungicide solutions, further fueling market growth.