Biofungicides Market is worth USD xx million in 2021 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2026. The global Biofungicides market is developing at an exceptionally quick pace. Biofungicides refers to living organisms that are used to control the activity of plant pathogenic fungi and bacteria. The idea of biofungicides is based upon observations of natural processes where beneficial microorganisms, usually isolated from soil, hinder the activity of plant pathogens. These microorganisms produce a wide range of antibiotic substances and parasitize other fungi, etc.
Biofungicides Market Drivers:
The significant driver is the presence of human, animal and environmental health concerns prevalent due to use of chemical or synthetic pesticides in crop protection. Various countries are adopting a stringent approach concerning the amount of imports, with focus on regulating the quantity of pesticide residues which has resulted in increased demand for regulated food safety and quality. High costs and low availability are proving to be a barrier in the Bio fungicides market.
BIOFUNGICIDES MARKET REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
xx.x% |
Segments Covered |
By Application, Product and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Valent Biosciences,Certis LLc,Marrone Bio innovations,Agraquest,Koppert Biological systems and Others. |
Biofungicides Market Segmentation:
Crop
North America is estimated to constitute the largest share in this market followed by Europe, while the Latin America region is expected to witness the fastest growth followed by the Asia Pacific.
Key Players:
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