Biofungicides are formulations of living organisms used to regulate the activity of plant pathogenic fungi and bacteria. The definition of biofungicides is based on observations of natural processes where beneficial microorganisms, usually isolated from soil, hinder the behavior of plant pathogens. Biocontrol microorganisms are free-living fungi, bacteria, or actinomycetes involved in the root, soil, and foliar habitats. These microorganisms develop a wide variety of antibiotics, parasitize other fungi, interact with other fungi, and induce localized or systemic resistance in plants.
MARKET DYNAMICS
The rising consumption of fruits and vegetables owing to their many health benefits, the adoption of advanced farming techniques, the launches of novel fungicide products, and high demand for high-value crops are some of the factors expected to drive the growth of the biofungicides industry. Moreover, the increasing popularity of bio-based fungicide pesticides will further create several opportunities that will lead to the growth of the fungicides market. Further, increased demand for organic food products, strict government regulations against the use of chemical-based crop protection methods, and increased awareness among farmers of the benefits of the use of biofungicides are some of the factors that are expected to drive market growth. Moreover, in the biofungicides market, product creation and innovation strategies are underpinned by increasing demand for bio-based agro-products that increase agricultural yield and ensure food security.
MARKET SCOPE
The "Global Biofungicides Market Analysis to 2028" is a specialized and in-depth study of the Chemical and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biofungicides market with detailed market segmentation by type, mode of application, crop type, and geography. The global biofungicides market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biofungicides market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biofungicides market is segmented on the basis of type, mode of application, and crop type. On the basis of type the global biofungicides market is segmented into microbial species and botanical. Based on mode of application the global biofungicides market is segmented into foliar spray, soil treatment, seed treatment, and others. Based on crop type the global biofungicides market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biofungicides market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The biofungicides market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the biofungicides market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biofungicides market in these regions.
MARKET PLAYERS
The reports cover key developments in the biofungicides market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from biofungicides market are anticipated to lucrative growth opportunities in the future with the rising demand for biofungicides in the global market. Below mentioned is the list of few companies engaged in the biofungicides market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biofungicides market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bayer AG
- Syngenta AG
- FMC Corporation
- Nufarm
- Novozymes
- Marrone Bio Innovations
- Koppert Biological Systems
- Isagro S.P.A
- BioWorks
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