North American biofungicides market size is expected to reach USD 0.99 billion in 2024 and is anticipated to reach USD 1.05 billion in 2025 from USD 1.71 billion by 2033, growing at a CAGR of 6.27% during the forecast period from 2025 to 2033. The North American biofungicides market is developing at an exceptionally quick pace.
Biofungicides refer 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.
The significant driver is the presence of human, animal, and environmental health concerns prevalent due to the use of chemical or synthetic pesticides in crop protection. Various countries are adopting a stringent approach concerning the amount of imports, with a 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 biofungicides market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2024 to 2033 |
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Base Year |
2024 |
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Forecast Period |
2025 to 2033 |
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CAGR |
6.27% |
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Segments Covered |
By Application, Product, and By Country |
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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 |
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Regions Covered |
The US, Canada, and the Country |
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Market Leaders Profiled |
Valent Biosciences, Certis LLC, Marrone Bio Innovations, Agraquest, and Koppert Biological Systems |
KEY MARKET PLAYERS
Valent Biosciences, Certis LLC, Marrone Bio Innovations, Agraquest, and Koppert Biological Systems are the leaders in the North American biofungicides market.
MARKET SEGMENTATION
This research report on the North America Biofungicides market is segmented and sub-segmented into the following categories.
By Application Insights
By Product Insights
By Country
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