The Triazole Fungicides Global Market Report 2023, provides comprehensive information on the triazole fungicides market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Triazole Fungicides Global Market Report 2023, the market is expected to grow from $3.66 billion in 2022 to $3.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The triazole fungicide market is expected to reach $4.67 billion in 2027 at a CAGR of 4.8%.
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Product innovations are a key trend gaining popularity in the triazole fungicide market. Major companies operating in the triazole fungicide market are adopting new technologies to sustain their position in the market. For instance, in December 2022, BASF SE, a Germany-based chemicals company, launched Revysion, a new fungicide developed over 11 years with an investment of €250 million. Revysion belongs to the triazole family and offers significant improvements compared to conventional fungicides. It is based on the active substance Revysol, which provides a flexible molecule with good adaptation to fungal enzymes, high efficacy, and a broad spectrum of action. The fungicide targets various fungal diseases in grapes, apple trees, pear trees, and stone fruit. The launch took place in Italy, showcasing the research process and involving experts from the fruit sector. Revysion is part of BASF’s ambitious international research project and is currently the only fully approved triazole fungicide under EU regulations. The product demonstrates BASF’s innovative approach, starting with the regulatory profile before evaluating efficacy. Revysion offers farmers an advanced solution for effective disease management in various crops.
The triazole fungicides market is segmented:
1) By Product Type: Epoxiconazole, Triadimenol, Propiconazole, Prothioconazole, Metconazole, Cyproconazole, Tebuconazole, Flusilazole, Paclobutrazol
2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
3) By Application: Seed Treatment, Soil Treatment, Foliar Spray, Chemigation, Post-Harvest
North America was the largest region in the triazole fungicides market in 2022.
The table of contents in TBRC’s triazole fungicides market report includes:
1. Executive Summary
2. Triazole Fungicides Market Characteristics
3. Triazole Fungicides Market Trends And Strategies
4. Triazole Fungicides Market – Macro Economic Scenario
5. Global Triazole Fungicides Market Size and Growth
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26. South America Triazole Fungicides Market
27. Brazil Triazole Fungicides Market
28. Middle East Triazole Fungicides Market
29. Africa Triazole Fungicides Market
30. Triazole Fungicides Market Competitive Landscape And Company Profiles
Top Major Players:
- BASF SE
- Dow In
- Mitsubishi Chemical Corporation
- Syngenta AG
- Bayer CropScience AG
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