Global Agricultural Biofungicides Market, By Type (Microbial Species, Botanical), Form (Wettable Powder, Aqueous Solution, Granules), Species (Bacillus, Trichoderma, Pseudomonas, Streptomyces, Other Species), Application (Foliar Spray, Soil Treatment, Seed Treatment, Other Modes of Application), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Turf and Ornamentals), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Agricultural Biofungicides Market
The agricultural bio fungicides market is expected to witness market growth at a rate of 16.10% in the forecast period of 2021 to 2028 and is expected to reach USD 5.61 billion by 2028. Data Bridge Market Research report on agricultural biofungicides market market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the environmental concerns globally is escalating the growth of agricultural biofungicides market.
Biofungicides refer to the living organisms that control the activity of plant pathogenic bacteria and fungi. These type of fungicides are generally made up of fungi and bacteria that colonize and assail plant pathogens, and thus prevent diseases they cause. These microorganisms are naturally found in soil, which makes them an environment-friendly alternative to chemical fungicides. These are widely used as pest-control in the cultivation of grains, oilseeds & pulses, and cereals, among others.
The rise in the preference towards organic food products among consumers across the globe acts as one of the major factors driving the growth of agricultural biofungicides market. The rise in awareness among farmers about the benefits of adopting biofungicides, and increase in regulatory pressures and harmful effects related with the use of synthetic plant protectants accelerate the market growth. The increase in in preference for organic products to encourage the adoption of biological products, and rise in in emphasis on integrated pest management solutions further influence the market. Additionally, surge in investments and intervention of digital farming and precision farming practices, rise in usage of various forms of biofungicides in ranches and private farms, and rise in concerns regarding environment positively affect the agricultural biofungicides market. Furthermore, advancements in microbial research and plant pathogens developing resistance to chemical fungicides extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, technological limitations for the use of biological products and need for frequent reapplications of biofungicides in comparison with chemical counterparts are expected to obstruct the market growth. Introduction of new biofungicides and preference for chemical fungicides is projected to challenge the agricultural biofungicides market in the forecast period of 2021-2028.
This agricultural biofungicides market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on agricultural biofungicides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Agricultural Biofungicides Market Scope and Market Size
The agricultural biofungicides market is segmented on the basis of type, form, species, application and crop type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the agricultural biofungicides market is segmented into microbial species, and botanical.
- On the basis of form, the agricultural biofungicides market is segmented into wettable powder, aqueous solution and granules.
- On the basis of species, the agricultural biofungicides market is segmented into bacillus, trichoderma, pseudomonas, streptomyces, and other species. Other species are further segmented into saccharomyces, aureobasidium and coniothyrium.
- On the basis of application, the agricultural biofungicides market is segmented into foliar spray, soil treatment, seed treatment, and other modes of application. Other modes of application is further segmented into post-harvest, root dipping and drip & sprinkler irrigation.
- On the basis of crop type, the agricultural biofungicides market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, and turf and ornamentals.
Agricultural Biofungicides Market Country Level Analysis
The agricultural biofungicides market is analyzed and market size, volume information is provided by country, type, form, species, application and crop types referenced above.
The countries covered in the global agricultural biofungicides market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the agricultural biofungicides market because of the rise in use of integrated pest management solutions and high usage of the biofungicide in commercial applications within the region. Asia-Pacific is expected to witness significant growth in the forecast period of 2021-2028 due to the growth in awareness in the region.
The country section of the agricultural biofungicides market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Agricultural Biofungicides Market Share Analysis
The agricultural biofungicides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agricultural biofungicides market.
The major players covered in the agricultural biofungicides market report are BASF SE, Bayer AG, Corteva, Inc., Syngenta AG, FMC Corporation, UPL Ltd., Sumitomo Chemical Co., Ltd., Nippon Soda Co. Ltd., ADAMA Agricultural Solutions Ltd., Nissan Chemical Corporation, Marrone Bio Innovations, Inc., Koppert Biological Systems, Bioworks, Inc., STK Bio-ag Technologies, Verdesian Life Sciences, Seipasa S.A., and Ishihara Sangyo Kaisha, Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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