Chemical Fungicides Market to Reach USD 32.69 Billion by 2029 at 6.5% CAGR
The chemical fungicides market is projected to grow from USD 24.14 billion in 2024 to USD 32.69 billion by 2029, with a CAGR of 6.5%. Growth is driven by increasing crop diseases, agricultural expansion, technological advances like precision farming, and sustainability trends. Asia-Pacific leads the market and major companies include BASF, Bayer, and Syngenta.
The chemical fungicides market has shown strong growth in recent years, valued at USD 24.14 billion in 2024 and expected to increase to USD 25.45 billion in 2025 at a CAGR of 5.4%. This upward trend continues, with forecasts estimating a market size of USD 32.69 billion by 2029, growing at 6.5% CAGR. Key growth factors include increasing crop diseases caused by various pathogens, improvements in crop yields, expansion of agricultural practices worldwide, advancements in chemical processing, and greater focus on public health and sustainability. Technological innovations such as Syngenta’s TYMIRIUM technology and precision application methods enhance protection against fungal diseases while supporting soil health. The market is segmented by product type (bio-based and synthetic fungicides), formulation (liquid, dry), active ingredients, modes of action (contact, systemic), and application methods (seed treatment, foliar spray, etc.). Asia-Pacific dominates the market in size and growth rate. Leading companies driving innovation and market penetration include BASF SE, Bayer AG, Corteva Inc, Syngenta AG, FMC Corporation, and UPL Ltd. Rising disease outbreaks, climate change effects on disease patterns, ongoing regulatory changes, and increased adoption of integrated pest management and resistance strategies underpin the market’s robust expansion through the forecast period.
