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Fungicides Market is estimated to reach USD 18.30 billion by 2021 | Market Data Forecast

Fungicides are used to prevent the increase of molds on food vegetation. A number of important Fungicides are captan, folpet, dithiocarbamates, pentachlorophenol, and mercurials. The risks related to fungicides are negligible because our exposure to these chemicals is very low, maximum of the fungicides do not accumulate in soil and water, and most fungicides aren't very toxic to human beings. However, pentachlorophenol and mercurials do persist within the environment. The mercurials, in comparison to different fungicides, are quite risky to unwary purchasers. The mercurials are regularly used to treat seed grains in the course of storage. The seed grains treated with the mercurials are typically colored pink and are simply meant for planting and not for ingestion. On numerous instances, consumers have eaten these seed grains and developed mercury poisoning. At best, a small percentage of pesticide-related deaths from fungicides have been observed. In view of teratogenicity, numerous fungicides such as cycloheximide had been deregistered or banned in many nations. Other fungicides are undergoing re-evaluation because of suspected toxicity, particularly as teratogens or carcinogens.

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Key trends and restrains
The increasing use of fungicides in horticulture might be one of the primary elements growth prospects in the upcoming few years. Coping with vegetable crop illnesses is one of the primary challenges for domestic gardeners. Conventional methods which include right soil choice, plant spacing, staking, and watering are highly preferred for disease control in homegrown vegetable gardens. Fungicide treatments together with the usage of Chlorothalonil, Mancozeb, Myclobutanil, Propiconazole, and Tebuconazole also are preferred by using domestic gardeners. Fungicides are incredibly effective in controlling common diseases in vegetables grown in domestic gardens. The increasing utilization of fungicides for horticulture will enhance the market’s growth during the forecast period.

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The market is segmented geographically into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Europe dominates the overall global, which is set to witness a growth of CAGR of 4.78% and a forecasted market value of USD 18.30 billion by 2021.

The key players in the market are BASF SE, Dow AgroSciences LLC, Sumitomo Chemical Co., Ltd, Bayer CropScience AG, Syngenta AG, Nippon Soda Co. Ltd, Cheminova A/S, and Nufarm Ltd.

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Fungicides Market is estimated to reach USD 18.30 billion by 2021 | Market Data Forecast


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