Global Biofungicides for Soil Treatment Market, By Source (Microbial Species, Botanical), Form (Wettable Powder, Aqueous Solution, Granules), Species (Bacillus, Trichoderma, Pseudomonas, Streptomyces, Others), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, 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, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Biofungicides for Soil Treatment Market
Data Bridge Market Research analyses that the biofungicides for soil treatment market will project a compound annual growth rate (CAGR) of 16.30% during the forecast period of 2022-2029.
Plant pathogenic fungus and bacteria are controlled with biofungicides, which are live organisms. It consists of fungus and bacteria that invade and attack plant pathogens, inhibiting disease transmission. These bacteria are present in soil naturally, offering them a greener alternative to conventional fungicides. In the cultivation of cereals, grains, fruits and vegetables, oilseeds and pulses, biofungicides are utilized as a pest management.
The increasing emphasis in integrated pest management will influence the revenue growth of biofungicides for soil treatment market. The rising preference for organic products to increase the adoption of biological products will accelerate the market’s growth. Rapid urbanization and increasing level of disposable income of people are the significant market drivers that will further flourish the growth rate. Furthermore, regulatory pressure and harmful effects linked with use of synthetic plant protectants will bolster the growth rate of biofungicides for soil treatment market. Other factors such as increasing awareness among farmers about negative effects of synthetic plant protection products will positively impact the growth rate of biofungicides for soil treatment market. Another significant factor includes rising government initiatives and growth of organic farming will act as a key trend that will further cushion the market’s growth rate.
Moreover, the development in microbial research commenced by key players across the globe and emerging new markets will further create lucrative and remunerative growth opportunities for the biofungicides for soil treatment market during the forecast period 2022-2029. Additionally, increase in technological innovations and rising adoption of integrated pest management (IPM) will further propel the new growth opportunities in the future year.
However, high cost and technical barriers associated with the use of biological products will derail the biofungicides for soil treatment market’s growth rate. Also, increasing need for frequent reapplications of biofungicides as compared to its chemical counterparts will pose major challenges to the growth of the market. The emergence of unfavourable conditions due to COVID-19 outbreak will act as major market restrain and further hinder the growth rate of biofungicides for soil treatment market.
This biofungicides for soil treatment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 biofungicides for soil treatment 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 Biofungicides for Soil Treatment Market Scope and Market Size
The biofungicides for soil treatment market is segmented on the basis of source, form, species and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on source, the biofungicides for soil treatment market has been segmented into microbial species and botanical.
- Based on mode of form, the biofungicides for soil treatment market has been segmented into wettable powder, aqueous solution and granules.
- On the basis of species, the biofungicides for soil treatment market is segmented into bacillus, trichoderma, pseudomonas, streptomyces and others.
- The biofungicides for soil treatment market is also segmented on the basis of crop type into fruits and vegetables, cereals and grains, oilseeds and pulses and other.
Biofungicides for Soil Treatment Market Country Level Analysis
The global biofungicides for soil treatment market is analyses and market size, volume information is provided by country, source, form, species and crop type as referenced above.
The countries covered in the biofungicides for soil treatment market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the biofungicides for soil treatment market and will continue to flourish its trend of dominance during the forecast period owing to the increasing use of integrated pest management solutions in this region.
The country section of the biofungicides for soil treatment 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 Global Biofungicides for Soil Treatment Market Share Analysis
The biofungicides for soil treatment 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 biofungicides for soil treatment market.
Some of the major players operating in the biofungicides for soil treatment market are UPL Limited, NIPPON SODA CO., LTD., Bayer AG, BASF SE, Corteva, Inc., Syngenta, FMC Corporation, Sumitomo Chemical Co., Ltd., ADAMA, Nissan Chemical Corporation, Marrone Bio Innovations, Inc., Koppert, BioWorks Inc., SEIPASA, S.A., ISHIHARA SANGYO KAISHA, LTD., Novozymes A/S, Nufarm Canada, AgriLife, STK Bio-ag Technologies, and Verdesian Life Sciences, among others.
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