The Shift Toward Sustainable Agriculture Driving the Biofungicides Market Globally

Biofungicides Market by Type (Microbial species, Botanical), Mode of Application (Soil treatment, Foliar application, Seed treatment), Species (Bacillus, Trichoderma, Streptomyces, Pseudomonas), Crop Type, Formulation, and Region – Global Forecast to 2025

Posted on 2021-02-17 by MarketsandMarkets in Agriculture // 0 Comments

The global biofungicides market is estimated to account for a value of USD 1.6 billion in 2020 and is projected to grow at a CAGR of 16.1%, to reach a value of USD 3.4 billion by 2025. The biofungicides market is projected to witness significant growth due to the increasing demand for chemical residue-free and environment-friendly products. Stringent government regulations and a significant shift toward sustainable agricultural practices are factors that are projected to decrease the use of chemical-based crop protection products.

Download PDF Brochure

The shift toward sustainable agriculture and the presence of key players in the North American region are factors that are projected to drive the growth of the biofungicides market. The North American region is one of the largest producers of organic fruits and vegetables. In addition, the increasing use of integrated pest management solutions is projected to drive the market growth of biofungicides in the region.

By type, the biofungicides market has been segmented into microbial species and botanical biofungicides. The microbial segment accounted for the largest market share in 2020, in terms of value, being the most preferred type due to a wide range of microbial species strains available in the market.

The market for biofungicides, by form, has been segmented into wettable powder, granules, and aqueous solution. The wettable powder segment accounted for the larger share in 2020, in terms of value, in the biofungicides market due to its higher shelf life and cost-effectiveness.

The market for biofungicides, by mode of application, has been segmented into soil treatment, seeds treatment, and foliar spray. The market was dominated by the soil treatment segment due to the increase in instances of soil-borne fungal pathogens. Soil-borne fungal pathogens infect the root systems of plants affecting its overall growth and yield.

Make an Inquiry

Key players in the biofungicides market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), FMC Corporation (US), Nufarm (Australia), Novozymes (Denmark), Marrone Bio Innovations (US), Koppert Biological Systems (Netherlands), Isagro S.P.A (Italy), T. Stanes & Company Limited (India), BioWorks (US), The Stockton Group (Israel), Valent Biosciences (US), Agri Life (India). Certis U.S.A (US), Andermatt Biocontrol AG (Switzerland), Lesaffre (France), Rizobacter (Argentina), Vegalab S.A (US), Biobest Group NV (Belgium), and Biolchim (Italy).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Matched content

Editor’s pick