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

Biofungicide Market was valued at USD 3.5 Billion in 2024 and is projected to grow at a CAGR of 9.0% to reach USD 7.7 Billion by 2034.

A form of biological pesticide called a biofungicide is used to manage fungal diseases in plants. Biofungicides are derived from living creatures like bacteria, fungi, and other microorganisms, in contrast to synthetic chemical fungicides. These organic substances provide a more sustainable and ecologically friendly method of managing disease in horticulture and agriculture.  

The future growth of the biofungicide market is influenced by several factors, including increasing demand for sustainable agriculture practices, regulatory changes, consumer preferences for chemical-free products, and the ongoing need to manage plant diseases effectively. The practice of Integrated Pest Management involves using multiple strategies, including biofungicides, to manage pests and diseases effectively. As Integrated Pest Management gains traction, the demand for Biofungicides Market as part of holistic pest management strategies is likely to increase.

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Growing Demand for Sustainable Agriculture

The growing demand for sustainable agriculture has been a significant driver for the biofungicide market. With increasing concerns about the environmental impact of conventional agricultural practices, there has been a rising demand for sustainable and eco-friendly agricultural solutions. Biofungicides, being derived from natural sources and posing fewer risks to the environment, fit into this trend. Sustainable agriculture aligns with global initiatives such as the United Nations' Sustainable Development Goals. Biofungicides contribute to several SDGs, including those related to zero hunger, responsible consumption and production, and life on land.

Increasing Consumer Awareness

Increasing consumer awareness has played a significant role in shaping the biofungicide market. Consumers are becoming more conscious of the environmental and health impacts of agricultural practices, which has led to changes in demand and production methods. Consumers are seeking produce with minimal chemical residues. Biofungicides, being derived from natural sources and often leaving fewer residues, align with this consumer preference. As awareness grows about the potential health risks associated with pesticide residues, consumers are more likely to choose products treated with biofungicides.

Restrains:

Farmers dealing with multiple diseases or varying environmental conditions may find it challenging to rely solely on biofungicides. The need to use different biofungicides for different pathogens can complicate disease management strategies and require more careful monitoring and application. When a biofungicide targets a specific pathogen, there’s a risk that the pathogen could develop resistance over time. If a particular pathogen becomes resistant to a biofungicide, it could limit the effectiveness of that product and require the development of new solutions.  

Biofungicide Market is segmented based on Application and Region.

Application Insights

On the basis of Application, Biofungicide Market is segmented into Grains and Cereals, Oilseeds, Fruits and Vegetables, and Other Applications. Fruits and Vegetables is expected to dominate the target market growth as biofungicides are commonly employed in the production of fruits and vegetables for disease management and prevention. Fruits and vegetables are direct food products consumed by humans, and consumers often have higher expectations for these crops to be free from chemical residues.

Regional Insights:

On the basis of region the Biofungicide Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to witness significant revenue growth in the Biofungicide market in the coming years. This region has seen increase adoption of biofungicide due to a combination of factors, including consumer demand for organic and sustainable products, stringent regulations on chemical pesticides, and the presence of well-established agriculture industries.

Also, with a growing population and increasing demand for food, Asia-Pacific countries have shown interest in alternative past and disease management practices that are environmentally friendly. Countries like India and China are actively exploring biofungicides as part of their agricultural strategies.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Biofungicide Market report based on Application and Region:

Biofungicide Market, By Application:

• Grains and Cereals
• Oilseeds
• Fruits and Vegetables
• Other Applications

Biofungicide Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

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

• In February 2023, DPH Biologicals has launched a multi-action biofungicides seed treatment, BellaTrove Companion Maxx ST that helps seedlings fight pathogens and ensures healthy root systems. BellaTrove Companion Maxx ST is created from a proprietary strain of a plant-stimulating rhizobacterium developed by DPH Biologicals. The OMRI-certified EPA-registered biofungicides and bactericide boosts a plant's natural defenses against infections while enhancing nutrient uptake and root health. BellaTrove Companion Maxx ST provides more value to organic and conventional growers at a time when input costs are rising.
• In April 2022, Syngenta and Novozymes launch unique biofungicide in Europe and Latin America and they are entering the commercialization phase of TAEGRO. TAEGRO is a foliar microbial fungicide with broad range activity. When fruit and vegetable growers employ TAEGRO® as part of the prescribed crop management programs, they are protected from diseases such as powdery mildew and botrytis.
• In June 2022, Seipasa, the company specialized in the development, formulation and manufacture of bio insecticides, biofungicides, bio stimulants and fertilizers, launched its Fungisei biofungicides in France after obtaining its phytosanitary registration. Through this step, the Spanish company offers farmers a distinct, market-leading solution for treating diseases such as botrytis, powdery mildew, and mildew in a wide range of crops. Fungisei is currently available to growers in the farming systems of Mexico, the United States, Peru, Turkey, Morocco, and Côte d'Ivoire, in addition to France.

• Bayer CropScience 
• BASF SE
• DuPont
• Monsanto
• Marrone BioScience
• Bioworks Inc.
• Isagro
• Certis
• Koppert Biological Systems
• Syngenta AG