Biofungicide Market is estimated to be US$ 7.7 billion by 2034; Rising Consumer Demand and Regulatory Support to Propel Market Growth

Published Date: February 2024

Biofungicide are a class of fungicides that are derived from living organisms or naturally occurring substances. They offer a more environmentally friendly and sustainable approach to disease management in agriculture. Unlike chemical fungicides, which can be broad-spectrum and may harm non-target organisms, bio fungicides are often more specific in their action, targeting particular fungal pathogens while sparing beneficial organisms.

Consumers are increasingly seeking food products that are free from chemical residues and produced using environmentally friendly methods. Biofungicides Market provide a means for farmers to meet this demand and obtain certifications for organic and eco-friendly agricultural practices. Many governments and regulatory bodies around the world have been encouraging the use of bio pesticides, including biofungicides, by providing incentives, grants, and expedited registration processes. This support has facilitated their adoption and integration into conventional and organic farming systems.

The report “Biofungicide Market, By Application (Grains and Cereals, Oilseeds, Fruits and Vegetables, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In September 2022, Spanish company Symborg launched its new biofungicide product Thydra in Brazil. Symborg created the new solution, which comes in a liquid form, to protect crops against the spread of diseases caused by harmful fungi such as Sclerotinia. Symborg's new bio control product is Trichoderma harzianum T-78. The beneficial fungus "acts by activating the plant's natural defense mechanisms, naturally producing anti-fungal substances that inhibit the growth of pathogenic fungi, thus halting reproduction and destroying their cell wall," according to the company.
  • In November 2022, Indigo Agriculture launched of the industry’s first biological fungicide based on the microbe Kosakonia cowanii, giving farmers a leg up on the 2023 growing season.  Biotrinsic X19, is the first fungicide in Indigo's range of biological seed treatments, which allows farmers to develop efficient crop protection regimens depending on their individual field conditions. Indigo's biotrinsic portfolio is now one of the few in the industry capable of assisting farmers in dealing with both biotic and abiotic challenges.
  • In December 2022, Lusosem Produtos Para Agricultura SA announced exclusively to AgroPages the launch in Portugal of the new biofungicide Problad, which was developed and patented by CEV SA. According to the creator, this product is made entirely of Portuguese raw materials. Problad is a biofungicide developed from lupine (Lupinus albus) that has been approved for use on numerous important crops in Portuguese agriculture.

Analyst View:

The global push for sustainable agricultural practices is expected to continue growing. Consumers are becoming more conscious of the environmental and health impacts of chemical inputs in food production, leading to a rising demand for pesticide-free and residue-free produce. Biofungicides align with these preferences, driving their adoption by farmers and increasing their market share. The organic farming sector is expected to continue its growth trajectory, creating significant opportunities for biofungicides manufacturers. As organic farming prohibits the use of synthetic chemicals, biofungicides will be a key component of disease control in organic production systems. Overall, the combination of sustainable agriculture trends, supportive regulatory frameworks, advancements in technology, and the increasing awareness of the benefits of biofungicides will drive significant growth in Biofungicide Market in the coming years.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Biofungicide Market, By Application (Grains and Cereals, Oilseeds, Fruits and Vegetables, and Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Biofungicide Market accounted for US$ 2.6 billion in 2024 and is estimated to be US$ 7.7 billion by 2034 and is anticipated to register a CAGR of 9.0%. Biofungicide Market is segmented based on Type, Application and Region.

  • Based on Application, Biofungicide Market is segmented into Grains and Cereals, Oilseeds, Fruits and Vegetables, and Other Applications.
  • By Region, the Biofungicide Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Biofungicide Market:

The prominent players operating in the Biofungicide Market includes, Bayer CropScience, BASF SE, DuPont, Monsanto, Marrone BioScience, Bioworks Inc., Isagro, Certis, Koppert Biological Systems, Syngenta AG,FMC Corporation.

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