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Asia Pacific Fungicide Market Size

The Asia Pacific fungicide market is projected to experience growth over the forecast period, driven by various application methods such as foliar, seed treatment, and soil application. The market's expansion is influenced by the increasing demand for food crops due to population growth, particularly in regions with decreasing arable land per person. China and Japan are significant contributors to the market size, with their distinct agricultural needs and challenges driving the demand for fungicides. The adoption of advanced application techniques, like chemigation, is expected to enhance efficiency and effectiveness, further impacting the market's growth trajectory.

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Market Size of asia pacific fungicide Industry

Asia Pacific Fungicide Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 4.09 Billion
svg icon Market Size (2029) USD 4.92 Billion
svg icon Largest Share by Application Mode Foliar
svg icon CAGR (2024 - 2029) 3.78 %
svg icon Largest Share by Country China
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia Pacific Fungicide Market Analysis

The Asia Pacific Fungicide Market size is estimated at 4.09 billion USD in 2024, and is expected to reach 4.92 billion USD by 2029, growing at a CAGR of 3.78% during the forecast period (2024-2029).

4.09 Billion

Market Size in 2024 (USD)

4.92 Billion

Market Size in 2029 (USD)

2.43 %

CAGR (2017-2023)

3.78 %

CAGR (2024-2029)

Largest Segment by Application Mode

60.77 %

value share, Foliar, 2023

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Foliar fungicide application provides a more targeted approach and quick response to control various fungal diseases in major crops, resulting in market growth for foliar mode.

Largest Segment by Crop Type

54.50 %

value share, Grains & Cereals, 2023

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Grains and cereals are highly susceptible to various devastating diseases like blight, which cause substantial crop losses, leading to higher usage of chemical fungicides.

Largest Segment By Country

31.57 %

value share, China, 2023

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Higher cultivation areas and the increasing fungal disease infestation in major crops like cereals, fruits, and vegetable crops have increased fungicide use in the country.

Leading Market Player 1

21.66 %

market share, Syngenta Group, 2022

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Syngenta invests more in R&D activities to expand its product portfolio by adding new products like TYMIRIUM technology-based fungicides, resulting in the growth of company strength.

Leading Market Player 2

11.35 %

market share, UPL Limited, 2022

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UPL Limited strengthens its position by introducing new innovative products to its portfolio by acquiring companies like Arysta LifeScience, resulting in the company's growth.

The increased infestation of fungal diseases due to changing climatic conditions drives the market

  • In 2022, the fungicides market witnessed the dominance of foliar application, holding a significant share of 60.7% with a value of USD 2.32 billion. This application method is preferred due to its ability to directly target and protect vulnerable plant parts from fungal diseases. By applying fungicides through the foliar application, leaves, stems, and above-ground plant tissues may effectively be safeguarded.
  • Fungicide seed treatments are commonly used to combat fungal infections during the early stages of plant development. They form a protective barrier on the seeds, preventing diseases such as damping-off, seedling blights, and root rots. In the Asia-Pacific fungicide market, fungicide seed treatments held a substantial share of 13.9% in 2022.
  • The market for chemigation was valued at USD 471.9 million in 2022. It is further estimated to grow owing to factors like its precise application, reduced labor costs, and increased efficiency in the distribution of fungicides throughout the field. The increase in the adoption of micro-irrigation systems in countries like China, India, and Australia is expected to aid the market’s growth.
  • Applying fungicides to the soil allows for the uptake of fungicide molecules by plant roots, protecting against soilborne fungal pathogens. These pathogens, such as Fusarium wilt, verticillium wilt, Phytophthora root rot, Pythium root rot, and Rhizoctonia root rot, pose significant threats to various crop types grown in the region. Soil application of fungicides effectively combats these destructive diseases.
  • By utilizing different application methods, farmers may employ targeted approaches to protect their crops from fungal infections and enhance overall productivity.
Asia Pacific Fungicide Market

China dominates the Asia-Pacific fungicide market

  • Asia-Pacific is known for its diverse agricultural crops. Rice is a staple food in many countries, particularly in Southeast Asia, such as Thailand, Vietnam, and Indonesia. Other important crops include wheat, corn, soybeans, sugarcane, fruits, and vegetables. China and India are major producers of various crops, contributing significantly to the regional and global food supply.
  • China dominated the Asia-Pacific fungicide market, accounting for a market share of 38.7% in 2022. Major fungicide classes in China include triazoles, strobilurins, benzimidazoles, dithiocarbamates, and quinone outside inhibitors (QoIs). These fungicides have different modes of action and target specific fungal pathogens.
  • Japan is the second-largest consumer of fungicides, and it had a market share of 20.3% in 2022. Most of the grain and cereal crops in Japan are prone to serious soil-borne diseases that are caused by Helicobasidium mompa, Rosellinia necatrix, Annillaria mellea, and Rhizoctonia solani, which cause serious yield losses in economically important crops. These factors are further expected to increase Japan's demand for chemical fungicides while registering an estimated CAGR of 2.78% during the forecast period (2023-2029).  
  • The increasing need for food crops due to the region's population increase fueled the use of pesticides to enhance crop yield. In Southeast Asian countries and India, the arable land per person is decreasing at an alarming rate, where the use of fungicides can play an important role in increasing the average crop yields per hectare. Owing to the above reasons, the market is anticipated to record a CAGR of 3.7% during the forecast period.

Asia Pacific Fungicide Industry Segmentation

Chemigation, Foliar, Fumigation, Seed Treatment, Soil Treatment are covered as segments by Application Mode. Commercial Crops, Fruits & Vegetables, Grains & Cereals, Pulses & Oilseeds, Turf & Ornamental are covered as segments by Crop Type. Australia, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.

  • In 2022, the fungicides market witnessed the dominance of foliar application, holding a significant share of 60.7% with a value of USD 2.32 billion. This application method is preferred due to its ability to directly target and protect vulnerable plant parts from fungal diseases. By applying fungicides through the foliar application, leaves, stems, and above-ground plant tissues may effectively be safeguarded.
  • Fungicide seed treatments are commonly used to combat fungal infections during the early stages of plant development. They form a protective barrier on the seeds, preventing diseases such as damping-off, seedling blights, and root rots. In the Asia-Pacific fungicide market, fungicide seed treatments held a substantial share of 13.9% in 2022.
  • The market for chemigation was valued at USD 471.9 million in 2022. It is further estimated to grow owing to factors like its precise application, reduced labor costs, and increased efficiency in the distribution of fungicides throughout the field. The increase in the adoption of micro-irrigation systems in countries like China, India, and Australia is expected to aid the market’s growth.
  • Applying fungicides to the soil allows for the uptake of fungicide molecules by plant roots, protecting against soilborne fungal pathogens. These pathogens, such as Fusarium wilt, verticillium wilt, Phytophthora root rot, Pythium root rot, and Rhizoctonia root rot, pose significant threats to various crop types grown in the region. Soil application of fungicides effectively combats these destructive diseases.
  • By utilizing different application methods, farmers may employ targeted approaches to protect their crops from fungal infections and enhance overall productivity.
Application Mode
Chemigation
Foliar
Fumigation
Seed Treatment
Soil Treatment
Crop Type
Commercial Crops
Fruits & Vegetables
Grains & Cereals
Pulses & Oilseeds
Turf & Ornamental
Country
Australia
China
India
Indonesia
Japan
Myanmar
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
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Asia Pacific Fungicide Market Size Summary

The Asia Pacific fungicide market is experiencing steady growth, driven by the increasing need to protect diverse agricultural crops from fungal diseases. The region's agricultural landscape is characterized by a wide variety of crops, including rice, wheat, corn, and soybeans, with China and India being major producers. The market is dominated by foliar application methods, which are preferred for their effectiveness in targeting and protecting plant tissues. Seed treatments and chemigation are also significant, offering precise application and efficiency in disease control. The adoption of micro-irrigation systems in countries like China, India, and Australia is expected to further boost the market. The presence of soilborne pathogens poses a significant threat to crop yields, necessitating the use of fungicides to enhance productivity and ensure food security in the region.

China leads the market in the Asia Pacific region, with a substantial share attributed to the use of various fungicide classes such as triazoles and strobilurins. Japan follows as a major consumer, driven by the need to combat soil-borne diseases affecting grain and cereal crops. The increasing population and decreasing arable land per person in Southeast Asia and India are further fueling the demand for fungicides to improve crop yields. While countries like China and Thailand are reducing pesticide consumption, others like Myanmar are witnessing a rise in fungicide usage due to intensive agricultural practices. The market is moderately consolidated, with major players like ADAMA Agricultural Solutions, BASF, Bayer, Syngenta, and UPL dominating the landscape. Recent developments include partnerships and new product launches aimed at enhancing crop protection and developing eco-friendly solutions.

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Asia Pacific Fungicide Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Application Mode

      1. 1.1.1 Chemigation

      2. 1.1.2 Foliar

      3. 1.1.3 Fumigation

      4. 1.1.4 Seed Treatment

      5. 1.1.5 Soil Treatment

    2. 1.2 Crop Type

      1. 1.2.1 Commercial Crops

      2. 1.2.2 Fruits & Vegetables

      3. 1.2.3 Grains & Cereals

      4. 1.2.4 Pulses & Oilseeds

      5. 1.2.5 Turf & Ornamental

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 China

      3. 1.3.3 India

      4. 1.3.4 Indonesia

      5. 1.3.5 Japan

      6. 1.3.6 Myanmar

      7. 1.3.7 Pakistan

      8. 1.3.8 Philippines

      9. 1.3.9 Thailand

      10. 1.3.10 Vietnam

      11. 1.3.11 Rest of Asia-Pacific

Asia Pacific Fungicide Market Size FAQs

The Asia Pacific Fungicide Market size is expected to reach USD 4.09 billion in 2024 and grow at a CAGR of 3.78% to reach USD 4.92 billion by 2029.

In 2024, the Asia Pacific Fungicide Market size is expected to reach USD 4.09 billion.

Asia Pacific Fungicide Market Report Snapshots

Asia Pacific Fungicide Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029