Inorganic Fungicide Market Overview
In 2022, the inorganic fungicide market is anticipated to be worth US$ 3.54 Billion in terms of revenue. The market is projected to expand at a CAGR of 6.4% to reach a market size of US$ 6.59 billion by 2032.
Inorganic Fungicide Market CAGR
Inorganic Fungicide Market (2022)
US$ 3.54 Billion
Inorganic Fungicide Market (2032)
US$ 6.59 Billion
Fungicides are a particular kind of pesticide that helps in controlling fungal diseases in plants. They control diseases by killing or inhibiting the fungus which causes the disease. However, all the diseases caused by fungus in plants cannot be controlled by fungicides.
Some of the vascular diseases such as Verticillium wilt and Fusarium cannot be controlled with the help of fungicides. In addition, the diseases caused by other organisms, insect damage, disorders caused by abiotic factors are not expected to be controlled by the fungicides. Thus, before the application of fungicides on the plants it is extremely essential to define the cause of disease with the help of symptoms on the plant.
Driving Factors Fueling the Market Expansion
Owing to their chemical abilities to prevent and control various diseases and enhance the kind and production of crops, the inorganic fungicides market is predicted to witness a large increase in demand over the next years. A portion of the participants in the global fungicides market is focusing on innovation as a way to help them ascend to the top. Their cleverness in developing innovative and environmentally friendly fungicides is a result of their efforts to have the upper hand in a competitive situation.
With a growing population comes a greater need for food, which has sparked interest in higher-quality crops, and the market is likely to increase as a result. A beneficial impact on the global market is also predicted from the growing interest in modern cultivating techniques and a variety of agricultural goods.
Moreover, the trend towards inorganic fungicides in the next years will be sparked by health and environmental issues associated with the use of synthetic fungicides. The worldwide inorganic fungicide market will continue to show strong direction if companies successfully leverage this advancement.
With an expanding global population comes an increased need for crop productivity. This has transpired due to the increased need for fungicides and other crop care agents to prevent crop losses. One of the most popular pesticides is an organic fungicide, which protects crops from pathogenic fungi and kills fungus and their spores to manage blights, rust, and mildews and minimize crop damage.
Global Standing of the Market
The majority of countries in the Asia Pacific, including India, Indonesia, South Korea, and Thailand, as well as American nations such as Mexico, Central America, and South America, all have agricultural economies. Inorganic fungicides are also witnessing an increase in demand in these emerging agricultural nations. A rapidly growing population, limited agricultural land, weak laws, and rising demand for high-quality fruits and vegetables are further market-boosting drivers.
Inorganic fungicides are substantially less expensive since they are made from components that are widely accessible and simple to generate. During the projected period, farmers in developing areas who buy inorganic fungicides in big amounts are anticipated to dominate the market.
As agriculture accounts for a large amount of their GDP, emerging nations are heavily dependent on their agricultural output. Since agricultural goods have a direct influence on the economy of these nations, the farming committee is habitually conversant with the advantages of utilizing various pesticides and other items like fungicides to increase crop output with the least amount of crop loss.
Whether measured in efficacy or market shares, inorganic copper fungicides continue to play a significant role in preventing and treating bacterial infections. Inorganic copper fungicides exhibit significant efficiency against several fungal diseases, including brown blotch in melon and fruit crops, Alternaria leaf spots, and powdery mildew.
Given their benefits for the environment, relative safety, low resistance, and use in organic agriculture, inorganic copper fungicides are expected to maintain their position among all fungicides with global sales during the forecast period.
Global Inorganic Fungicide Market: Key Segmentation
The global inorganic fungicides market can be classified based on the basis of raw material, form, and region. On the basis of raw material, the global inorganic fungicides is segmented into: sulfur, lime sulfur, mercury and copper compounds. On the basis of form, the global inorganic fungicide market is segmented into: dust form or wettable powder form.
Inorganic fungicides are usually preferred in the wettable powder forms are widely used. Similarly, inorganic fungicides manufactured from copper compounds and mercury are also used widely in the agricultural fields to inhibit the growth of the fungus causing the disease.
On the basis of region the global inorganic fungicide market can be segmented into: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), and Middle East & Africa (MEA)
Global Inorganic Fungicide Market: Drivers & Restraints
Growing population coupled with depleting cultivable land is expected to boost the overall demand for various forms of inorganic fungicides. Inorganic fungicides are manufactured from various elements that are abundantly available. Thus, inorganic fungicides are cheaply available and hence, are procured by large number of farmers.
Thus, owing to easy availability coupled with cheap cost is expected to augment the overall growth in the demand of inorganic fungicides market. Inorganic fungicides are widely used in the control of different types of diseases especially the powdery mildew which hampers the overall yield of the crop.
Thus, owing to increase in demand for food has boosted the overall crop yield which in turn is expected to augment the overall growth of the inorganic fungicides market.
However, inorganic fungicides are known to have hazardous effect on the environment owing to which there is increase in demand for the overall organic fungicides. Thus, growing consumer awareness coupled with stringent government regulations is expected to restrain the overall growth of the inorganic fungicides market.
Global Inorganic Fungicide Market: Region-wise Outlook
Asia Pacific is a major manufacturer of inorganic fungicides. Presence of large number of inorganic fungicides manufacturers in China with huge production capacity is predicted to boost the overall growth of the global inorganic fungicide market. India is other major producer of inorganic fungicides within Asia Pacific.
In terms of consumption, Asia Pacific is expected to be followed by Europe. However, the demand for inorganic fungicide is expected to exhibit sluggish growth owing to the presence of stringent regulations related to environment protection. The market for inorganic fungicide is expected to grow gradually in the region.
Global Inorganic Fungicide Market: Competitive Landscape
CINKARNA, Planet Natural, PLATTE CHEMICAL COMPANY, OMRI and Georgia Gulf Sulfur Corporation are some of the participants of the global inorganic fungicides market. The company’s manufacturing fungicides are focused towards research and are keen towards developing innovative fungicides that are environmental friendly.
Owing to comply with stringent governmental regulations that restrict the use of inorganic chemicals most of the inorganic fungicides manufacturers are gradually shifting their focus towards organic materials as the raw material. In addition the rising consumer preference towards organic food is also expected to hamper the overall growth of inorganic fungicides.
The report covers exhaustive analysis on
- Inorganic Fungicide Market Segments
- Inorganic Fungicide Market Dynamics
- Historical Actual Market Size, 2012 - 2014
- Inorganic Fungicide Market Size & Forecast 2016 to 2026
- Supply & Demand Value Chain
- Inorganic Fungicide Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Inorganic Fungicide Market Drivers and Restraints
Regional analysis for Inorganic Fungicide Market includes
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.