Global Biofungicides Market, By Source (Microbial Species and Botanical), Form (Wettable powder, Aqueous Solution and Granules), Species (Bacillus, Trichoderma, Pseudomonas, Streptomyces and Others), Application (Foliar Spray, Soil treatment, Seed Treatment and Other), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses and Other), 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, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Biofungicides Market
Data Bridge Market Research analyses that the biofungicides market will project a compound annual growth rate (CAGR) of 16.80% during the forecast period of 2022-2029. Growing demand for organic food products especially in the developing economies, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural practices to improve the productivity, high growth in emerging countries coupled with high adoption of innovative technologies, and increasing industry competitiveness are the major factors attributable to the growth of biofungicides market.
From the name itself, it is clear that biofungicides are the organic and biologicially manufactured agrochemicals that are used to control the fungal infections and pathogens in crops. These contain active ingredients that are effective in killing the unwanted fungal infections and improving the crop quality. Biofungicides are environmental friendly agrochemicals that don’t effect the soil health.
Growing awareness about the ill effects of synthetic agrochemicals, rising inclination of society towards the usage of eco-friendly and natural products, and increased focus towards achieving biotechnological advancement especially in the developing economies will emerge as the major factors fostering the growth of the market. Also, stringent regulations imposed by the government on the use of synthetic based fungicides, growing rate of industrialization and rising expenditure for research and development proficiencies in regards to new product launches are other important factors fostering the growth of the market. Growing adoption of organic farming practices will further create lucrative and remunerative growth opportunities for the market.
However, lack of knowledge and awareness in the backward economies among the small-scale producers is a major factor that will pose a major challenge to the growth of the market. Also, dearth of required infrastructural facilities, high risk of infections in regards to the skin and eyes and lack of technical skills especially in the underdeveloped economies will further slowdown the market growth rate. Fluctuations in the prices of raw materials would also hamper the market growth rate.
This 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 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 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 Market Scope and Market Size
The global biofungicides market is segmented on the basis of source, form, species, application 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.
- On the basis of source, the biofungicides market is segmented into microbial species and botanical
- On the basis of form, the biofungicides market is segmented into wettable powder, aqueous solution and granules
- On the basis of species, the biofungicides market is segmented into bacillus, trichoderma, pseudomonas, streptomyces. The other species is further segmented into saccharomyces, aureobasidium, coniothyrium
- On the basis of mode of application, the biofungicides market is segmented into foliar spray, Soil treatment and seed treatment. Other is further segmented into post-harvest, root dipping, drip and sprinkler irrigation.
- On the basis of crop type, the biofungicides market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses. The other crops segment is further segmented into turf and ornamentals.
Biofungicides Market Country Level Analysis
The global biofungicides market is analyses and market size, volume information is provided by country by source, form, species, application and crop type as referenced above.
The countries covered in the biofungicides 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, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the biofungicides market and will continue to flourish its dominance during the forecast period owing to the rising research and development proficiencies, surging cultivation of organic fruits and vegetables and increase in use of integrated pest management solutions. Asia-Pacific region continue to undergo substantial gains during the forecast period and will score the highest CAGR. Growing personal disposable income, growing consumption of natural food products, and surge in the expenditure for research and development proficiencies are some other important factors fostering the growth of this region.
The country section of the 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 Biofungicides Market Share Analysis
The global 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 biofungicides market.
Some of the major players operating in the biofungicides market are BioWorks Inc., Marrone Bio Innovations., Hebei Weiyuan Biochemical Co., Ltd., Koppert Biological Systems, Molecraft.., Zhejiang Rayfull Chemicals Co.,Ltd., STAR BIO SCIENCE, Varsha Bioscience and Technology India Pvt Ltd., BASF SE, Bayer AG, Novozymes, Cargill, Incorporated, Syngenta Crop Protection AG, Certis USA L.L.C., Andermatt Biocontrol AG, Nufarm, UPL, Valent BioSciences LLC, Luxury Presence Inc., and Isagro S.p.a., among others.
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