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

Report Code: PMI399820 | Publish Date: February 2024 | No. of Pages: 172

Global Biofungicide Market By Application Overview

Introduction

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

[PDF] 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.

Attributes

Details

Biofungicide Market Value (2024)

US$ 3.5Bn

Biofungicide Market Projected Value (2034)

US$ 7.7Bn

Biofungicide Market CAGR (2024 – 2034)

9.0%

Global Biofungicide Market By Application Dynamics

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.  

Global Biofungicide Market By Application Segmentation

Biofungicide Market - segmentation

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.

Attribute

Details

Base year for estimation

2024

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Application - Grains and Cereals, Oilseeds, Fruits and Vegetables, and Other Applications

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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

 

Global Biofungicide Market By Application Key Players

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.

Global Biofungicide Market By Application Company Profile

  • Bayer CropScience *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE
  • DuPont
  • Monsanto
  • Marrone BioScience
  • Bioworks Inc.
  • Isagro
  • Certis
  • Koppert Biological Systems
  • Syngenta AG

“*” marked represents similar segmentation in other categories in the respective section

Recent Development:

  • 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.

Global Biofungicide Market By Application Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Product Type
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Biofungicide Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Grains and Cereals
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oilseeds
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Fruits and Vegetables
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other Applications
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Biofungicide Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Bayer CropScience,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE, DuPont,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Monsanto,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Marrone BioScience,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bioworks Inc.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Isagro, Certis,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Koppert Biological Systems,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Syngenta AG,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • FMC Corporation.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Biofungicide Market is segmented into Application and Region.

Biofungicide Market is driven by factors like growing demand for sustainable agriculture and increasing consumer awareness.

By region, the Biofungicide market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period.

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.

Biofungicide Market accounted for US$ 3.5 Billion in 2024 and is estimated to be US$ 7.7 Billion by 2034 and is anticipated to register a CAGR of 9.0%.