- The market is driven by the increasing need for efficient crop protection solutions due to a surge in global food demand and shrinking arable land
- The adoption of integrated pest management practices and favorable government support for advanced farming methods are contributing to the accelerated use of fungicides
- North America dominated the fungicide active ingredients market with the largest revenue share in 2024, fuelled by robust agricultural activity, advanced farming techniques, and the widespread use of high-efficiency fungicide formulations
- Asia-Pacific region is expected to witness the highest growth rate in the global fungicide active ingredients market, driven by rising agricultural activities, increased demand for food security, and growing awareness regarding crop protection, particularly in countries such as China, India, and Vietnam
- The azoxystrobin segment dominated the market with the largest market revenue share of 31.4% in 2024, driven by its broad-spectrum efficacy and widespread application across cereal crops, vegetables, and fruits. Azoxystrobin is highly preferred due to its systemic action, long-lasting protection, and low toxicity profile. It is extensively used in integrated pest management (IPM) programs and offers growers both preventive and curative control of various fungal pathogens
