Fungicides Market is estimated to reach USD 18.30 billion by 2021 | Market Data Forecast
Overview
Fungicides are used to prevent the increase
of molds on food vegetation. A number of important fungicides are captan,
folpet, dithiocarbamates, pentachlorophenol, and mercurials. The risks related
to fungicides are negligible because our exposure to these chemicals is very
low, maximum of the fungicides do not accumulate in soil and water, and most
fungicides aren't very toxic to human beings. However, pentachlorophenol and
mercurials do persist within the environment. The mercurials, in comparison to
different fungicides, are quite risky to unwary purchasers. The mercurials are
regularly used to treat seed grains in the course of storage. The seed grains
treated with the mercurials are typically colored pink and are simply meant for
planting and not for ingestion. On numerous instances, consumers have eaten
these seed grains and developed mercury poisoning. At best, a small percentage
of pesticide-related deaths from fungicides have been observed. In view of
teratogenicity, numerous fungicides such as cycloheximide had been deregistered
or banned in many nations. Other fungicides are undergoing re-evaluation
because of suspected toxicity, particularly as teratogens or carcinogens.
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Key
trends and restrains
The increasing use of fungicides in
horticulture might be one of the primary elements growth prospects in the
upcoming few years. Coping with vegetable crop illnesses is one of the primary
challenges for domestic gardeners. Conventional methods which include right
soil choice, plant spacing, staking, and watering are highly preferred for
disease control in homegrown vegetable gardens. Fungicide treatments together
with the usage of Chlorothalonil, Mancozeb, Myclobutanil, Propiconazole, and
Tebuconazole also are preferred by using domestic gardeners. Fungicides are
incredibly effective in controlling common diseases in vegetables grown in
domestic gardens. The increasing utilization of fungicides for horticulture
will enhance the market’s growth during the forecast period.
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Demographically
The market is segmented
geographically into North America, Europe, Asia Pacific, Latin America, Middle
East and Africa. Europe dominates the overall global, which is set to witness a
growth of CAGR of 4.78% and a forecasted market value of USD 18.30 billion by
2021.
The key players in the
market are BASF SE, Dow AgroSciences LLC, Sumitomo Chemical Co., Ltd, Bayer
CropScience AG, Syngenta AG, Nippon Soda Co. Ltd, Cheminova A/S, and Nufarm
Ltd.
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