Market Size of north america fungicide Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 2.12 Billion |
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Market Size (2029) | USD 2.60 Billion |
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Largest Share by Application Mode | Foliar |
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CAGR (2024 - 2029) | 4.15 % |
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Largest Share by Country | United States |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Fungicide Market Analysis
The North America Fungicide Market size is estimated at 2.12 billion USD in 2024, and is expected to reach 2.60 billion USD by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).
2.12 Billion
Market Size in 2024 (USD)
2.60 Billion
Market Size in 2029 (USD)
3.46 %
CAGR (2017-2023)
4.15 %
CAGR (2024-2029)
Largest Segment by Application Mode
60.88 %
value share, Foliar, 2023
Foliar applications hold a major share of the fungicide market owing to their targeted nature contributing to effective disease control, potentially leading to higher yields.
Largest Segment by Crop Type
41.47 %
value share, Grains & Cereals, 2023
The prevalence of grains and cereals is primarily attributed to their status as staple crops, with a substantial portion of agricultural land dedicated to their cultivation.
Largest Segment By Country
47.22 %
value share, United States, 2023
The growing demand for high-yielding crops and expanding scope for exports necessitating adherence to stringent crop quality standards will drive the market.
Leading Market Player 1
20.95 %
market share, Syngenta Group, 2022
Syngenta Group has launched a TYMIRIUM® technology, a low-dose active ingredient, to combat soil-borne and seed-borne fungal diseases in crops through seed treatments.
Leading Market Player 2
17.65 %
market share, Bayer AG, 2022
Bayer has partnered with Oerth Bio to develop next-generation crop protection products based on Oerth Bio's innovative protein degradation technology.
Foliar application holds the utmost importance as the primary mode of fungicide application
- In North America, numerous techniques for fungicide application are utilized to effectively control fungal diseases in agriculture. By choosing suitable application methods, farmers can attain cost-efficient solutions, ensuring accurate coverage of specific areas and minimizing unnecessary usage. This improved efficacy optimizes fungicide utilization, resulting in decreased input costs for farmers.
- Among various fungicide application methods in agriculture, foliar application is the dominant mode, accounting for 41.0% of the total fungicide usage in 2022. This approach is primarily utilized in cultivating grains and cereals, which hold the largest market share of 41.4%. The targeted and efficient absorption properties of foliar application contribute to its effectiveness in controlling diseases, potentially resulting in increased yields and cost savings for farmers.
- In 2022, the seed treatment method held the second-largest market share, comprising 13.8% of the total. The rise in farmers' awareness about the benefits of using fungicide seed treatment products to protect seedlings and boost productivity resulted in a significant rise in their adoption. The seed treatment segment of the North American fungicide market is projected to experience a CAGR of 4.0% during the forecast period.
- In the North American agricultural sector, fungicides are utilized with the primary aim of maximizing crop yields and improving overall profitability. The mode of application is anticipated to experience substantial growth, with a CAGR of 4.1% during the forecast period.
Understand The Key Trends Shaping This Market
The United States holds a dominant position in the market due to an increase in fungal infestations and a rising demand for high-quality agricultural produce
- The North American fungicide market is witnessing significant expansion, with various countries in the region experiencing notable growth. This surge in fungicide demand is attributed to the need to control fungal diseases and reduce crop losses. In 2022, North America held a considerable market share of 12.7%, by value, in the global fungicide market.
- The United States dominated the North American fungicide market, accounting for a market share of 47.2% in 2022. The United States has a vast and diverse agricultural landscape, with a wide range of crops grown in different parts of the country. This diversity increases the susceptibility of crops to various fungal diseases, leading to a higher demand for fungicides.
- In 2022, Mexico ranked as the second-largest consumer of fungicides, holding a substantial market share of 21.1%. The country's agricultural practices emphasize intensive farming, characterized by the cultivation of high-yield crops in large quantities. However, this intensive approach also creates a favorable environment for the rapid spread of fungal diseases. Fusarium wilt, powdery mildew, downy mildew, anthracnose, and rust diseases significantly impact grains and cereals, leading to crop damage and reduced yields. As a result, the use of fungicides becomes imperative to protect crops and maintain productivity.
- Various factors, including rising awareness among farmers, advancements in agricultural technologies, and the expansion of the agricultural sector, drive the growth of the fungicide market in North America. As a result, the North American fungicide market is projected to experience a CAGR of 4.1% throughout the forecast period (2023-2029).
North America 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. Canada, Mexico, United States are covered as segments by Country.
- In North America, numerous techniques for fungicide application are utilized to effectively control fungal diseases in agriculture. By choosing suitable application methods, farmers can attain cost-efficient solutions, ensuring accurate coverage of specific areas and minimizing unnecessary usage. This improved efficacy optimizes fungicide utilization, resulting in decreased input costs for farmers.
- Among various fungicide application methods in agriculture, foliar application is the dominant mode, accounting for 41.0% of the total fungicide usage in 2022. This approach is primarily utilized in cultivating grains and cereals, which hold the largest market share of 41.4%. The targeted and efficient absorption properties of foliar application contribute to its effectiveness in controlling diseases, potentially resulting in increased yields and cost savings for farmers.
- In 2022, the seed treatment method held the second-largest market share, comprising 13.8% of the total. The rise in farmers' awareness about the benefits of using fungicide seed treatment products to protect seedlings and boost productivity resulted in a significant rise in their adoption. The seed treatment segment of the North American fungicide market is projected to experience a CAGR of 4.0% during the forecast period.
- In the North American agricultural sector, fungicides are utilized with the primary aim of maximizing crop yields and improving overall profitability. The mode of application is anticipated to experience substantial growth, with a CAGR of 4.1% during the forecast period.
| Application Mode | |
| Chemigation | |
| Foliar | |
| Fumigation | |
| Seed Treatment | |
| Soil Treatment |
| Crop Type | |
| Commercial Crops | |
| Fruits & Vegetables | |
| Grains & Cereals | |
| Pulses & Oilseeds | |
| Turf & Ornamental |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
Need A Different Region Or Segment?
North America Fungicide Market Size Summary
The North American fungicide market is experiencing notable growth, driven by the increasing need to control fungal diseases in agriculture and enhance crop yields. Various application methods, such as foliar and seed treatment, are employed to optimize fungicide use, ensuring cost-efficiency and targeted disease control. The foliar application method is particularly dominant, especially in the cultivation of grains and cereals, which constitute a significant portion of the market. The seed treatment segment is also gaining traction as farmers become more aware of its benefits in protecting seedlings and boosting productivity. This growing awareness, coupled with advancements in agricultural technologies, is propelling the market forward, with a focus on maximizing crop yields and improving profitability.
The United States and Mexico are key players in the North American fungicide market, with the United States holding a substantial market share due to its diverse agricultural landscape. Mexico's intensive farming practices further contribute to the demand for fungicides, as they create conditions conducive to fungal disease spread. The market is characterized by the presence of major companies like BASF SE, Bayer AG, Corteva Agriscience, Syngenta Group, and UPL Limited, which dominate the market landscape. The introduction of new fungicide products and partnerships aimed at enhancing crop protection technologies are indicative of the market's dynamic nature. As the demand for fungicides continues to rise, driven by factors such as climate change and the need for higher crop productivity, the North American fungicide market is poised for continued expansion.
North America Fungicide Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Application Mode
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1.1.1 Chemigation
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1.1.2 Foliar
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1.1.3 Fumigation
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1.1.4 Seed Treatment
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1.1.5 Soil Treatment
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1.2 Crop Type
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1.2.1 Commercial Crops
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1.2.2 Fruits & Vegetables
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1.2.3 Grains & Cereals
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1.2.4 Pulses & Oilseeds
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1.2.5 Turf & Ornamental
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1.3 Country
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1.3.1 Canada
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1.3.2 Mexico
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1.3.3 United States
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1.3.4 Rest of North America
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North America Fungicide Market Size FAQs
How big is the North America Fungicide Market?
The North America Fungicide Market size is expected to reach USD 2.12 billion in 2024 and grow at a CAGR of 4.15% to reach USD 2.60 billion by 2029.
What is the current North America Fungicide Market size?
In 2024, the North America Fungicide Market size is expected to reach USD 2.12 billion.
