Growing Adoption of Sustainable Products Will Increase the Global Biofungicide Market Over the Forecast Period 2022-2027 – Bloomingprairieonline


The new Expert Market Research report entitled “Report on the global market for bio-fungicides and forecasts 2022-2027” gives a thorough analysis of bio-fungicides, assessing the market according to its segments as the source, formulation, implementation and the main regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses the dynamics of the market, covering the demand and the key prices and market analysis on the basis of SWOT and Five Forces model of Porter.

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Key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 14.5%

The growth trend of sustainable agriculture is one of the key factors to stimulate the global market for bio-fungicides. They are widely used in the cultivation of cereals, grains, fruits and vegetables, oilseeds and pulses for pest control. The growing trend of consumers to organic fruit and vegetables increases the demand for bio-fungicides. The development of new products and innovation policies in the bio-fungicides market have led to increased efficiency and crop yields, thus further contributing to the growth of the industry.

Industry Definition

Biofungicides designate fungicides containing the active ingredient of a microorganism and are used in the control of crops against fungal pathogens. The beneficial microorganisms (bio-fungicides) are isolated from the ground and impede the activity of plant pathogens. Biofungicides are fungi, bacteria or free actinomycetes that are active in the roots, soil and foliar environments.

By Source Type, the market is segmented into:

• Microbial
• Biochemical
• Protectors incorporated into the plants

Based on the formulation, the industry can be divided into:

• To dry
• Liquid

By Application, the market can be split into:

• Grains and cereals
• Oilseeds and pulses
• Fruits and vegetables

Regional markets for the global market for bio-fungicides can be separated into:

• North America
o United States of America
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Others
• Asia Pacific
o China
o Japan
o India
o Australia
o Other
• Latin America
o Brazil
o Argentina
o Mexico
o Other
• The Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Nigeria
o South Africa
o Others

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Market trends

The growing awareness related to organic products and own labels is increasingly adopted in the world, which will increase demand for bio-fungicides, particularly in the agricultural sector. By incorporating sustainable products, farmers are able to increase their income, which is a key motivator for farmers to adopt bio-fungicides. Rising consumer preference, especially Millennials and Gen Z, towards products derived from natural pest control will generate increased demand for biofungicides and bioinsecticides.

Main market players

The main market are Bayer AG, Gujarat State Fertilizers and Chemicals Ltd., FMC Corporation, Certis USA LLC, Symborg Corporate SL, Biotech International Ltd., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients stay at the forefront of their industries by providing comprehensive and actionable market data through its market reports syndicated and custom, covering more than 15 major industrial areas. The company’s extensive and ever-growing reporting database, which is constantly updated, includes reports from verticals such as Chemicals & Materials, Food & Beverages, Energy & Mining, technology and media, consumer goods, pharmaceuticals, agriculture and packaging.

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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