Global Fungicide Packaging Market – Industry Trends and Forecast to 2029

Fungicide Packaging Market Analysis and Size

The global fungicides market is expected to grow significantly due to factors such as the growing population's demand for food security, advancements in farming practises and techniques, and changing climatic conditions that favour disease occurrence. Fungicides are widely used to eliminate harmful fungi that reduce crop yield. As a result, the global demand for fungicides to reduce crop loss is increasing.

Data Bridge Market Research analyses that the fungicide packaging market which was growing at a value of 21.65 billion in 2021 and is expected to reach the value of USD 31.99 billion by 2029, at a CAGR of 5.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Fungicide Packaging Market Scope and Segmentation

Market Definition

Fungicides are one of the most commonly used pesticides because they kill fungi and their spores, control blights, rust, and mildews, and protect crops from fungal infections, reducing damage. However, because fungicides cannot protect crops against all diseases, it is critical to understand the cause of the disease.

Fungicide Packaging Market Dynamics

Drivers

• Increase adoption of agricultural policies

Increasing adoption of federal agricultural policy programmes in emerging economies, rising levels of food consumption globally along with a growing population, an increase in trade activities such as grain and oilseed export, and the introduction of new and highly advanced technology are some of the major and impactful factors that will likely boost the growth of the fungicide packaging market

• Rise in the demand for speciality products

Rising demand for genetically modified seeds, as well as rising consumer preferences for organic and specialty products, will contribute to the growth of the fungicide packaging market over the forecast period. Furthermore, the market is being driven by an increase in the number of agreements between corporate companies and farmers for the supply and production of agricultural products. Aside from that, organic products are considered safer than conventional products because they are not grown with chemically laden pesticides and are better for the environment.

Opportunity

Among the major factors driving the growth of the fungicide packaging market are high demand for high-value crops and rising launches of novel fungicide products. Furthermore, the growing popularity and acceptance of bio-based fungicide pesticides will open up new avenues for the fungicide packaging market.

Restraints

Inappropriate fungicide use and rising adoption of organic farming are among the major factors acting as restraints, and will continue to challenge the fungicide packaging market during the forecast period.

This fungicide packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fungicide packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Fungicide Packaging Market

The fungicides market, like other sectors, was severely impacted by the COVID-19 pandemic due to manufacturing halts, lockdowns, virus attacks on people, and other factors. Due to the transportation barriers, the products are not delivered to the endpoints, and the supply of fungicides products is halted, resulting in a reduction in fungicides product production. Following the completion of the lockdown, the fungicides market grows rapidly due to their increasing use in farming to control fungal diseases. Fungicides are required in farming due to the growing population and the need for organic high-quality foods to sustain life in this pandemic situation.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• ADAMA Agricultural Solutions Ltd. acquired SFP, a French-Swiss crop protection company based in Switzerland, in November 2019. With this acquisition, SFP will expand its market presence in Europe by leveraging ADAMA's strong commercial network across the continent, which is expected to drive SFP's growth and help it expand its presence in the region.
• FMC Corporation invested more than USD 50 million in June 2019, including the reconfiguration of a greenhouse and research facility at the company's global R&D centre in Newark, Delaware, US.
• FMC Corporation launched Rayora fungicide in December 2019, which is a systemic demethylation inhibitor (DMI) designed to prevent and cure dollar spot while also providing additional protection against brown patch on turfs and greens.

 Global Fungicide Packaging Market Scope

The fungicide packaging market is segmented on the basis of crop type, application type and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Crop Type

• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Other Crop Types

Form

• Liquid
• Powder

Application

• Grains and Cereals Fungicides
• Oil-Seed-Based Fungicides
• Fruits and Vegetables-Based Fungicides
• Turf and Ornamentals-Based Fungicides
• Other Non-Crop-Based Fungicides

Fungicide Packaging Market Regional Analysis/Insights

The fungicide packaging market is analysed and market size insights and trends are provided by country, crop type, application type and form as referenced above.

The countries covered in the fungicide packaging market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the fungicide packaging market due to rising population levels, increased food demand, the prevalence of vast areas of farmland, and the availability of labour at affordable wages. Due to technological advancements, Europe is the second largest region in the fungicide packaging market, while the Middle East and Africa are expected to grow during the forecast period of 2022-2029 due to the increasing adoption of advanced farming methods.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fungicide Packaging Market Share Analysis

The fungicide packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fungicide packaging market.

Some of the major players operating in the fungicide packaging market are:

• BASF SE (Germany)
• Bayer AG (Germany)
• Corteva, Inc. (U.S.)
• Syngenta Crop Protection AG (Switzerland)
• FMC Corporation (U.S.)
• UPL Limited (India)
• Sumitomo Chemical Co., Ltd. (Japan)
• Nippon Soda Co., Ltd. (Japan)
• Gowan Company LLC (Italy)
• Nufarm (Australia)
• ADAMA (Israel)
• Nissan Chemical Corporation (Japan)
• Marrone Bio Innovations, Inc. (U.S.)
• Koppert Biological Systems (Netherlands)
• Bioworks, Inc. (U.S.)
• STK Bio-ag Technologies (Israel)
• Verdesian Life Sciences (U.S.)
• Seipasa S.A. (Spain)
• Ishihara Sangyo Kaisha, Ltd. (Japan)
• Nutrichem (China)

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