Data Bridge Market Research analyses that the triazole fungicides market will project a compound annual growth rate (CAGR) of 4.30% during the forecast period of 2021-2028. Growth in the demand for food security by the ever-rising population, increased adoption of fertilizers and chemicals that ensure crop protection and rapidly increasing industry competitiveness are attributable to the growth of triazole fungicides market. This means that the triazole fungicides market value, which was USD 3.5 billion in 2020 will climb up to USD 4.90 billion by the year 2028.
Triazole fungicides are the chemicals that are used to protect the crops against fungal infections. The triazole fungicides are efficient in tackling the fungal spores and a wide range of other fungal diseases. Not just that, the triazole fungicides contributes to improving the crop productivity.
Growing prevalence of fungal diseases in plants and crops will emerge as the major factor fostering the growth of triazole fungicides market. Growth and expansion of agrochemicals industry and increasing focus towards the adoption of practices that improve the overall crop productivity are other factors fostering the growth of triazole fungicides market. Growth in the expenditure for research and development proficiencies in regards to new product launches coupled with increasing personal disposable income will further create lucrative and remunerative growth opportunities for the triazole fungicides market. Rising demand for fruits and vegetables, surging globalization and growing awareness among the farmers will also carve the way for the growth of the triazole fungicides market.
However, stringent regulations imposed by the government for product approvals and application of harmful synthetic chemicals will pose a major challenge to the growth of triazole fungicides market. Also, ill-effects on the crop and human health of such chemicals will further slowdown the triazole fungicides market growth rate. Rising environmental concerns will further derail the triazole fungicides market growth rate.
This triazole fungicides market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 triazole fungicides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Triazole Fungicides Market Scope and Market Size
The global triazole fungicides market is segmented on the basis of product type, crop type, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· Based on the product type, the triazole fungicides market is segmented into epoxiconazole, triadimenol, propiconazole, prothioconazole, metconazole, cyproconazole, ttebuconazole, flusilazole and paclobutrazol.
· On the basis of crop type, the triazole fungicides market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and other crop types. Cereals and grains have been further segmented into corn, wheat, rice, and other cereals and grains. Oilseeds and pulses have been further segmented into soybean, cotton, and other oilseeds and pulses. Fruits and vegetables have been further segmented into apple, pears, cucumber, potatoes, grapes, and other fruits and vegetables.
· On the basis of application, the triazole fungicides market is segmented into seed treatment, soil treatment, foliar spray, chemigation, and post-harvest.
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Competitive Landscape and Triazole Fungicides Market Share Analysis
The triazole fungicides 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 triazole fungicides market.
The major players covered in the triazole fungicides market report are BASF SE, Bayer AG, DuPont., Dow., Syngenta Crop Protection AG, LANXESS, LUMITOS AG, NIPPON SODA CO., LTD., FMC Corporation, ADAMA., Nufarm Canada, Sumitomo Chemical Co., Ltd., Nutrichem LLP, ISHIHARA SANGYO KAISHA, LTD., SEIPASA, S.A., Verdesian Life Sciences., Koppert Biological Systems, Marrone Bio Innovations And BioWorks Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Triazole Fungicides Market Country Level Analysis
The global triazole fungicides market is analyses and market size, volume information is provided by country by product type, crop type, and application as referenced above.
The countries covered in the triazole fungicides market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America and Europe collectively dominate the triazole fungicides market and will continue to flourish its dominance during the forecast period owing to the rising adoption of triazole fungicides. Asia-Pacific region is undergoing substantial gains and the region is set to project the highest CAGR for the forecast period owing to the large scale farming practices in the region.
Advantages of Triazole Fungicides
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Disease Control: Triazole fungicides offer reliable control of fungal diseases, reducing yield losses caused by pathogens.
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Systemic Protection: Their systemic nature ensures thorough protection of the plant, including new growth.
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Residue Management: Triazole fungicides have relatively short residual periods, minimizing the risk of harmful residues in harvested crops.
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Resistance Management: Their diverse modes of action help manage resistance in fungal populations, preserving their efficacy for the long term.
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Applications in Agriculture
Triazole fungicides find widespread applications in agriculture, protecting a wide range of crops from fungal diseases. They are particularly effective against diseases such as powdery mildew, rusts, leaf spots, and blights. Some of the major crops where Triazole fungicides are utilized include wheat, corn, soybeans, grapes, and vegetables.
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Major TOC of the Triazole Fungicides Market Report
• INTRODUCTION
• MARKET SEGMENTATION
• MARKET OVERVIEW
• EXECUTIVE SUMMARY
• PREMIUM INSIGHTS
• Integrated Passive Device Market
• COMPANY PROFILE
• COMPONENT MANUFACTURER
• CONCLUSION
• QUESTIONNAIRE
• RELATED REPORTS
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