Fungicides Market 2030: The Shift Towards Bio-based Solutions
The global fungicides market size is anticipated to reach USD 27.32 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.8% from 2025 to 2030. Growing demand for food security amongst the developing nations, coupled with increasing requirement to reduce crop losses due to fungal infections, is a key driver boosting the market growth globally. The agricultural sector worldwide has reflected significant improvement in terms of development from crop yielding perspective to market capitalization. The industry has been driven by the presence of a large number of multinationals that have developed novel pesticides and other allied crop care chemicals. Asia Pacific is projected to witness the fastest growth over the forecast period as majority of the countries in the region are agrarian economies. Among the multiple fungicides, biofungicides are anticipated to witness the fastest growth over the forecast perio...