Fungicides Market Size

Fungicides Market size was valued at USD 22.34 billion in 2024 and is anticipated to reach USD 62.78 billion by the end of 2037, registering around 8.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of fungicides is assessed at USD 23.82 billion. The growth of the market is primarily ascribed to the increasing prevalence of plant pests, and disease outbreak in crops across the globe. As per the Food and Agricultural Organization of the United Nations (FAO), pests destroy between 20 and 40% of global crop production each year. Thus, plant diseases cost the global economy over USD 220 billion each year, and invasive insects approximately USD 70 billion.

Fungicides are defined as a type of biological organism that controls fungal disease by killing the fungi, and fungal infections. It is widely used for the prevention of fungal disease that affects plants. Fungicides help to enhance the quality of the crop. They aid in crop protection in order to retain production and quality. They have a broad range of applications in agriculture, horticulture, and floriculture for improving the crop yield. It is also used in animals to prevent them from fungal infection. For instance, fungicide use has skyrocketed in the recent decade. Nearly 450 thousand tons of fungicides are applied globally, accounting for 18% of total application of pesticides.