What is Fungiside?
A fungicide is a substance that kills and prevents the growth of fungi. Agriculture mostly uses it to manage plant-damaging fungi such as blight, mildew, and rust. Most fungicides damage the cell membranes of the fungus or stop them from creating enough energy to survive. Fungicide offers protection against a wide range of fungi and assists in preventing crop loss. It can be sprayed, sprinkled, or mixed into the ground. Some fungicides are curative, used after the plant has been attacked by fungus, while others are preventative, applied before the disease to guard against fungi. Captan, pentachlorophenol, folpet, dithiocarbamates, and mercurial are important fungicide which is used frequently.
Here are some of the driving factors that increase the opportunity for the fungicide market:
Increasing Research & Development:
Market expansion is fueled by expanding R&D conducted by agrochemical producers. Improvements in fungicide composition, application methods, and delivery systems increase their efficacy and effectiveness. Fungicide use has improved safety and reduced the market's negative environmental effects. Additionally, the industry is expanding because of R & D in digital tools and precision farming. Digital weather tools are useful for determining the climatic conditions that foster fungus growth, resulting in increased demand for preventive fungicides.
Adoption of intensive farming:
One of the main drivers of the fungicide market's expansion is the adoption of intensive farming. To boost crop productivity, intensive farming requires large plant density, which raises the need for fungicides. The major goal of intensive farming is high productivity; hence disease management and prevention are crucial. Demand for food boosted intensive agricultural methods, which in turn raised the need for fungicides. The market is further influenced by the increasing focus on integrated pest management strategies and the growth in demand for efficient pest control among farmers as a result of changes in agricultural practices and technological improvements.
Here is a restraining factor that hinders the growth of the fungicide Market
Risk of exceeding maximum residue level:
Regulations regarding the maximum residue level are expected to hamper the growth of the fungicide market. Maximum residue level (MRL) is the amount of pesticide residue that can legally be present in or on food or feed that is made from both plant and animal sources. The fungicidal product needs to comply with the MRL regulations imposed by different countries, resulted to decrease in the import-export of products, hindering the growth of the market. Meeting MRL requirements involve additional cost for testing, and increases the overall cost of production of the manufacturer, and distributor.
Conclusion:
The market is expanded by improved agricultural practices, disease control, rising fungal resistance, and changing climate patterns that are conducive to the growth of fungus. In addition, the need for fungicides increased as research and development for improved farming increased. Also, intensive farming fueled the market expansion. The MRL regulations and rising production costs might prevent the market from expanding further.
Author's Detail:
Nisha Deore /
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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am committed to continuous professional development, regularly engaging in workshops, seminars, and staying attuned to the latest industry trends. This commitment reflects my dedication to providing cutting-edge insights and staying ahead in the ever-evolving field of research. I led research initiatives aimed at uncovering market opportunities and enhancing competitive positioning. My responsibilities spanned the entire research lifecycle, from designing methodologies to presenting findings. Through collaborative efforts, I facilitated data-driven decision-making processes that contributed to the overall success of key projects.
