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  Fungicides are biological active substances or biocides that kill specific fungal species or fungi. A fungicide restricts their proliferation. Fungi are proven to cause serious economic damages in agriculture, causing financial losses, quality, and crop loss. Market Dynamics Increasing demand for food is likely to propel growth of the seed treatment fungicides market. For instance, in accordance with Food and Agriculture Organization, Asia Pacific needs to boost their food production by around 77% by 2050 to meet up food demand of increasing population. Moreover, reduction in arable land is also likely to aid in growth of the market. For instance, according to the study ‘Will Limited Land, Water, and Energy Control Human Population Numbers in the Future ', published in the journal Human Ecology, the amount of arable land available per person will decrease to 1500m² by 2050 from 4000m² in 1961. Approval of new pesticides and fungicides is expected to offer lucrativ...