Dithiocarbamate Fungicides Market Size, Share, Growth, and Global Industry Growth, By Type (Mancozeb, Thiram, Propineb, and Others), By Application (Agricultural, Plantations and estates, Horticultural and ornamental crops, and Others), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2031

Updated On: 08 July 2024

DITHIOCARBAMATE FUNGICIDES MARKET REPORT OVERVIEW

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The global dithiocarbamate fungicides market size was USD 946.1 million in 2022 and is projected to touch USD 1181.56 million by 2031, exhibiting a CAGR of 2.5% during the forecast period. In the market study, our analysts have considered dithiocarbamate fungicides players such as UPL, Coromandel International, Indofil, DuPont, Taminco, ADAMA, BASF, Bayer Cropscience, FMC, Nufarm, Limin Chemical, Hebei Shuangji Chemical and Nantong Baoye Chemical. 

Dithiocarbamate fungicides are a functional group of organic chemistry. It can be described as an invoking structure that focuses on the amine group’s properties of pi-donor properties. It also serves as an anchoring group for molecular species in metal surfaces and semiconductor functionalization. It is absorbed from the gastrointestinal tracts, skin, and lungs. The absorption of the product from the lungs, akin, and gastrointestinal tract may occur due to the presence of cations occurring naturally in the food. It is a non-systemic pesticide used to control the fungal diseases in various crops.

The use of dithiocarbamate fungicides prevents plants from getting affected by fungal diseases and is used by farmers globally. It is divided into classes and distinguished based on its chemical properties and structures. The pesticides have boosted crop production globally, preventing the crops from getting affected by bacteria and germs. It also enables farmers to produce quality and safe food at affordable prices. It also provides plenty of nutritious, all-year-round foods necessary for the health of humans. 

COVID-19 Impact: Supply Chain Interruptions to Halted the Market

The global COVID-19 pandemic has been unprecedented and staggering, with violin experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the dithiocarbamate fungicides market growth and demand returning to pre-pandemic levels once the pandemic is over.

The pandemic impacted every market and has had a long-lasting effect on its growth. The sudden outbreak of the pandemic affected the market in several aspects, such as hindering transportation, manufacturing, and demand. Significant disruptions were noticed in the global market. The manufacturing, supply, and demand witnessed a downfall in the market. The machinery and equipment sector also witnessed a downfall in its growth due to lower production and supply of the product. The demand-supply was slow, which affected the growth rate of the dithiocarbamate fungicides market. The market is anticipated to recover from the pandemic impacts in the forecast period. 

LATEST TRENDS

"Increasing Government Initiatives to Boost Product Adoption "

The government initiatives to support the adoption of dithiocarbamate fungicides are anticipated to drive maximum growth in the market. The development of digital and connected healthcare technologies is also expected to boost the dithiocarbamate fungicides market growth. Concern about the quality of crops is also anticipated to surge the demand. Additionally, the rising opportunities for farmers to meet the increasing demand for international and domestic food demand.                 

DITHIOCARBAMATE FUNGICIDES MARKET SEGMENTATION

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• By Type Analysis

By type, the market is segmented into mancozeb, thiram, propineb, and others.

• By Application Analysis

Based on application, the market is classified into agricultural, plantations and estates, horticultural and ornamental crops, and others.

DRIVING FACTORS

"Rising Agricultural Practices to Boost the Product Demand"

The rising agricultural practices and the high-quality agricultural product requirement is forecasted to boost the demand for dithiocarbamate fungicides in the global market. The dithiocarbamate fungicides are mostly used in pome fruits such as cotton, grapes, maize, tomato, and other vegetable and ornamental crops because they improve crop quality and yield. These factors are most likely to surge the product demand.

"Rising Per Capita Income to Boost the Market Growth"

The constant rise in urbanization, per capita income and the rapidly increasing awareness about the health benefits linked with the consumption of vegetables & fruits and the high value of crops is anticipated to bolster growth in the market and help expand the dithiocarbamate fungicides market share. 

RESTRAINING FACTORS

"Lack of Professionals to Retard Market Growth"

The high installation cost and the shortage of professionals with enough healthcare knowledge are anticipated to limit the growth of the market. Integration issues are also expected to be major resistance to market growth. These factors are most likely to hinder the growth of the market.

DITHIOCARBAMATE FUNGICIDES MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate Due to Increasing Crops Demand"

The constantly rising requirement for high-quality agricultural products and practices is likely to drive major growth in the dithiocarbamate fungicides market. The major crops produced in Asia include sugar beet, cereals, grains, fruits & vegetables, and rice. The region consumes the maximum amount of rice produced globally. The growth of the region is also attributable to the increased fungicides demand in the market. Additionally, the increased funding for research and development to manufacturing innovative, cost-efficient, and novel solutions against fungi in the crops is also anticipated to boost the growth of the dithiocarbamate fungicides. 

KEY INDUSTRY PLAYERS

"Major Players to Emphasize On Enhancing Product Portfolio to Grow"

Key market players strive to adopt strategies that offer long-term growth to the company. The companies also emphasize enhancing the product portfolio by launching new products. Significant players also boost their presence through investments, partnerships, agreements, joint ventures, expansions & investments, and partnerships. The key players have a strong presence in the global market. Additionally, they emphasize strengthening their distribution networks across various regions to gain a competitive advantage. 

List of Market Players Profiled

• UPL (India)
• Coromandel International (India)
• Indofil (India)
• DuPont (U.S.)
• Taminco (U.S.)
• ADAMA (Israel)
• BASF (Germany)
• Bayer Cropscience (Germany)
• FMC (U.S.)
• Nufarm (Australia)
• Limin Chemical (China)
• Hebei Shuangji Chemical (China)
• Nantong Baoye Chemical (China)

INDUSTRY DEVELOPMENT

• June 2019- FMC Corporation funded more than USD 50 million, including the greenhouse research facility and reconfiguration facility at the company’s development center in Newark, Delaware, U.S., and at the company’s global research facility. 

REPORT COVERAGE

The report covers every possible detail of the market. Global market players and their headquarters are mentioned in the report to offer details about the existing competition in the market. The market segmentation is represented in the report to offer details about various segments. The market report analyzes dithiocarbamate fungicides market share, competitive landscape, and other aspects. It has incorporated various factors that are expected to influence market growth. The section also offers the details of various factors that are expected to impede the growth of the market. Market trends, drivers, and restraints are also included in the report.  The report also includes an analysis of regions to explain the dominant region.