Triazole Fungicides Market
PUBLISHED: 2024 ID: SMRC26638
SHARE
SHARE

Triazole Fungicides Market

Triazole Fungicides Market Forecasts to 2030 - Global Analysis By Product Type (Prothioconazole, Metconazole, Cyproconazole, Ttebuconazole, Flusilazole, Paclobutrazol, Epoxiconazole, Triadimenol, Propiconazole and Other Product Types), Crop Type, Form, Application, End User and By Geography

4.6 (20 reviews)
4.6 (20 reviews)
Published: 2024 ID: SMRC26638

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Triazole Fungicides Market is accounted for $4.0 billion in 2024 and is expected to reach $6.3 billion by 2030 growing at a CAGR of 7.5% during the forecast period. Triazole fungicides are a class of chemical compounds used in agriculture to control fungal diseases in crops. They belong to the broader category of azole fungicides, which are characterized by their molecular structure containing a five-membered ring consisting of three nitrogen atoms and two carbon atoms. Triazole fungicides work by inhibiting the biosynthesis of ergosterol, an essential component of fungal cell membranes. This disruption weakens the fungal cells, leading to their eventual death and preventing the spread of diseases in plants.
 
Market Dynamics: 

Driver: 

Rising demand for food production

The market is experiencing a surge in demand due to rising needs in food production. With agriculture's crucial role in sustaining populations, these fungicides play a vital part in protecting crops from fungal diseases, ensuring higher yields and quality produce. This demand escalation, driven by the imperative to meet global food requirements, underscores the importance of innovative solutions like triazole fungicides in modern agriculture practices.

Restraint:

Risk of exceeding maximum residue levels (MRL)

With stringent regulatory standards and increasing concerns about food safety, ensuring compliance with MRLs is crucial. Factors such as improper application, inadequate monitoring, and evolving the regulations contribute to this challenge. Stakeholders must invest in advanced testing methods, precision application technologies, and regulatory compliance strategies to navigate this risk effectively and sustainably meet market demands.

Opportunity:

Advancements in formulation and delivery

Recent advancements focus on enhanced formulation and delivery methods for improved efficacy and environmental safety. Nanoencapsulation techniques are being explored to increase fungicidal activity while reducing environmental impact. Controlled-release formulations prolong efficacy, requiring fewer applications and minimizing residues. Additionally, innovative delivery systems such as microemulsions and nanosuspensions improve fungicide penetration and distribution.

Threat:

Fungal resistance

The market faces a significant challenge with fungal resistance. This resistance, driven by repeated and extensive use of triazole fungicides, threatens their efficacy in controlling fungal diseases. It necessitates a shift towards integrated pest management strategies, rotation of fungicides, and development of novel formulations to combat resistant strains effectively. This challenge underscores the importance of sustainable agricultural practices and ongoing research to maintain the effectiveness of triazole fungicides in crop protection.

Covid-19 Impact: 

The COVID-19 pandemic significantly affected the Triazole Fungicides Market, causing disruptions in the supply chain, leading to production delays and shortages. Restrictions on movement and trade also impacted demand, especially in agricultural sectors. However, the increased awareness of hygiene and health safety led to a rise in demand for fungicides in disinfection applications, partially offsetting the downturn. Overall, the market experienced fluctuations but showed resilience through adaptation to changing consumer needs.

The paclobutrazol segment is expected to be the largest during the forecast period

The paclobutrazol is expected to be the largest during the forecast period. Its unique chemical properties make it effective against a broad spectrum of fungal diseases, enhancing crop yields and quality. As farmers prioritize sustainable practices, paclobutrazol's low toxicity and environmental impact further boost its adoption. This compound's versatility in combating various pathogens continues to position triazole fungicides as a cornerstone of modern agriculture, ensuring robust pest management and improved crop health.

The chemigation segment is expected to have the highest CAGR during the forecast period

The chemigation segment is expected to have the highest CAGR during the forecast period. This innovative method ensures precise and efficient delivery of triazole fungicides directly to crops, enhancing disease control while reducing environmental impact. Its popularity stems from increased agricultural productivity, minimized chemical wastage, and improved cost-effectiveness. As sustainability becomes paramount, chemigation offers a promising avenue for optimizing fungicide applications and promoting eco-friendly agricultural practices.

Region with largest share:

North America is projected to hold the largest market share during the forecast period driven by increasing demand for crop protection solutions. Factors such as rising awareness about agricultural productivity, adoption of modern farming techniques, and the need to combat fungal diseases contribute to market expansion. Key players in the region are focusing on product innovation and sustainable formulations to meet regulatory standards while addressing farmer preferences.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period driven by factors such as increasing population, rising food demand, and growing awareness about the benefits of crop protection products. Regulatory trends and environmental concerns also influence the triazole fungicides market in Asia Pacific. Governments and regulatory bodies are increasingly focusing on promoting sustainable agriculture practices and encouraging the use of environmentally friendly crop protection products. 

Key players in the market

Some of the key players in Triazole Fungicides market include Syngenta, Bayer CropScience, BASF, Dow AgroSciences, DuPont, FMC Corporation, Corteva Agriscience, Sumitomo Chemical, Mitsui Chemicals Agro, Nissan Chemical Industries, Gowan Company, Verdesian Life Sciences, Koppert , BioWorks Inc. and Nutrichem Products.

Key Developments:

In February 2023, Syngenta reinforced its commitment to leading the tomato market with the launch of Orondis Ultra. This innovative fungicide represents a significant leap forward in mildew prevention, setting new standards in the triazole fungicides market with its advanced formulation and enhanced efficacy

In January 2023, Bayer embarked on a strategic collaboration with Oerth Bio, aimed at revolutionizing crop protection technology. This partnership aims to develop environmentally sustainable solutions, marking a notable advancement in the triazole fungicides market toward eco-friendly crop protection methods.

Product Types Covered:
• Prothioconazole
• Metconazole
• Cyproconazole
• Ttebuconazole
• Flusilazole
• Paclobutrazol
• Epoxiconazole
• Triadimenol
• Propiconazole
• Other Product Types

Crop Types Covered:
• Oilseeds and Pulses
• Fruits and Vegetables
• Cereals and Grains
• Other Crop Types 

Forms Covered:
• Powder
• Liquid
• Granules 

Applications Covered:
• Foliar Spray
• Chemigation
• Seed Treatment
• Soil Treatment
• Post-Harvest
• Other Applications 

End Users Covered:
• Agriculture
• Horticulture
• Food and Beverage
• Pesticide 
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Product Analysis        
 3.7 Application Analysis       
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Triazole Fungicides Market, By Product Type     
 5.1 Introduction        
 5.2 Prothioconazole        
 5.3 Metconazole        
 5.4 Cyproconazole        
 5.5 Ttebuconazole        
 5.6 Flusilazole        
 5.7 Paclobutrazol        
 5.8 Epoxiconazole        
 5.9 Triadimenol        
 5.10 Propiconazole        
 5.11 Other Product Types       
           
6 Global Triazole Fungicides Market, By Crop Type      
 6.1 Introduction        
 6.2 Oilseeds and Pulses        
 6.3 Fruits and Vegetables       
 6.4 Cereals and Grains        
 6.5 Other Crop Types        
           
7 Global Triazole Fungicides Market, By Form      
 7.1 Introduction        
 7.2 Powder         
 7.3 Liquid         
 7.4 Granules         
           
8 Global Triazole Fungicides Market, By Application      
 8.1 Introduction        
 8.2 Foliar Spray        
 8.3 Chemigation        
 8.4 Seed Treatment        
 8.5 Soil Treatment        
 8.6 Post-Harvest        
 8.7 Other Applications        
           
9 Global Triazole Fungicides Market, By End User      
 9.1 Introduction        
 9.2 Agriculture        
 9.3 Horticulture        
 9.4 Food and Beverage        
 9.5 Pesticide         
 9.6 Other End Users        
           
10 Global Triazole Fungicides Market, By Geography      
 10.1 Introduction        
 10.2 North America        
  10.2.1 US        
  10.2.2 Canada        
  10.2.3 Mexico        
 10.3 Europe         
  10.3.1 Germany        
  10.3.2 UK        
  10.3.3 Italy        
  10.3.4 France        
  10.3.5 Spain        
  10.3.6 Rest of Europe       
 10.4 Asia Pacific        
  10.4.1 Japan        
  10.4.2 China        
  10.4.3 India        
  10.4.4 Australia        
  10.4.5 New Zealand       
  10.4.6 South Korea       
  10.4.7 Rest of Asia Pacific       
 10.5 South America        
  10.5.1 Argentina       
  10.5.2 Brazil        
  10.5.3 Chile        
  10.5.4 Rest of South America      
 10.6 Middle East & Africa       
  10.6.1 Saudi Arabia       
  10.6.2 UAE        
  10.6.3 Qatar        
  10.6.4 South Africa       
  10.6.5 Rest of Middle East & Africa      
           
11 Key Developments         
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 11.2 Acquisitions & Mergers       
 11.3 New Product Launch       
 11.4 Expansions        
 11.5 Other Key Strategies       
           
12 Company Profiling         
 12.1 Syngenta         
 12.2 Bayer CropScience        
 12.3 BASF         
 12.4 Dow AgroSciences        
 12.5 DuPont         
 12.6 FMC Corporation        
 12.7 Corteva Agriscience        
 12.8 Sumitomo Chemical       
 12.9 Mitsui Chemicals Agro       
 12.10 Nissan Chemical Industries       
 12.11 Gowan Company        
 12.12 Verdesian Life Sciences       
 12.13 Koppert          
 12.14 BioWorks Inc.        
 12.15 Nutrichem Products        
           
List of Tables          
1 Global Triazole Fungicides Market Outlook, By Region (2022-2030) ($MN)   
2 Global Triazole Fungicides Market Outlook, By Product Type (2022-2030) ($MN)   
3 Global Triazole Fungicides Market Outlook, By Prothioconazole (2022-2030) ($MN)   
4 Global Triazole Fungicides Market Outlook, By Metconazole (2022-2030) ($MN)   
5 Global Triazole Fungicides Market Outlook, By Cyproconazole (2022-2030) ($MN)   
6 Global Triazole Fungicides Market Outlook, By Ttebuconazole (2022-2030) ($MN)   
7 Global Triazole Fungicides Market Outlook, By Flusilazole (2022-2030) ($MN)   
8 Global Triazole Fungicides Market Outlook, By Paclobutrazol (2022-2030) ($MN)   
9 Global Triazole Fungicides Market Outlook, By Epoxiconazole (2022-2030) ($MN)   
10 Global Triazole Fungicides Market Outlook, By Triadimenol (2022-2030) ($MN)   
11 Global Triazole Fungicides Market Outlook, By Propiconazole (2022-2030) ($MN)   
12 Global Triazole Fungicides Market Outlook, By Other Product Types (2022-2030) ($MN)  
13 Global Triazole Fungicides Market Outlook, By Crop Type (2022-2030) ($MN)   
14 Global Triazole Fungicides Market Outlook, By Oilseeds and Pulses (2022-2030) ($MN)  
15 Global Triazole Fungicides Market Outlook, By Fruits and Vegetables (2022-2030) ($MN)  
16 Global Triazole Fungicides Market Outlook, By Cereals and Grains (2022-2030) ($MN)  
17 Global Triazole Fungicides Market Outlook, By Other Crop Types (2022-2030) ($MN)  
18 Global Triazole Fungicides Market Outlook, By Form (2022-2030) ($MN)    
19 Global Triazole Fungicides Market Outlook, By Powder (2022-2030) ($MN)   
20 Global Triazole Fungicides Market Outlook, By Liquid (2022-2030) ($MN)    
21 Global Triazole Fungicides Market Outlook, By Granules (2022-2030) ($MN)   
22 Global Triazole Fungicides Market Outlook, By Application (2022-2030) ($MN)   
23 Global Triazole Fungicides Market Outlook, By Foliar Spray (2022-2030) ($MN)   
24 Global Triazole Fungicides Market Outlook, By Chemigation (2022-2030) ($MN)   
25 Global Triazole Fungicides Market Outlook, By Seed Treatment (2022-2030) ($MN)   
26 Global Triazole Fungicides Market Outlook, By Soil Treatment (2022-2030) ($MN)   
27 Global Triazole Fungicides Market Outlook, By Post-Harvest (2022-2030) ($MN)   
28 Global Triazole Fungicides Market Outlook, By Other Applications (2022-2030) ($MN)  
29 Global Triazole Fungicides Market Outlook, By End User (2022-2030) ($MN)   
30 Global Triazole Fungicides Market Outlook, By Agriculture (2022-2030) ($MN)   
31 Global Triazole Fungicides Market Outlook, By Horticulture (2022-2030) ($MN)   
32 Global Triazole Fungicides Market Outlook, By Food and Beverage (2022-2030) ($MN)  
33 Global Triazole Fungicides Market Outlook, By Pesticide  (2022-2030) ($MN)   
34 Global Triazole Fungicides Market Outlook, By Other End Users (2022-2030) ($MN)   
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials