Bio-fungicides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Source (Microbial, Biochemical and Plant Incorporated Protectants), By Formulation (Dry and Liquid), By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamental and Others), By Region and Competition 2018-2028

  • Industry : Agriculture
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1.72 Billion

CAGR (2023-2028)

11.68%

Fastest Growing Segment

Plant Incorporated Protectants

Largest Market

Asia-Pacific

Market Overview

Global Bio-fungicides Market has valued at USD 1.72 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 11.68% through 2028. Bio fungicides are compounds formulated to specifically target pathogenic fungi and related organisms. They serve as a viable alternative to synthetic fungicides in crop protection, offering economic viability, environmental friendliness, and ease of use. Bio fungicides derived from microorganisms and other biological agents play a crucial role in minimizing and controlling pest infestations while enhancing crop yields.

In recent decades, agricultural yields have experienced significant growth through the extensive use of chemicals with long-lasting effects on the environment and human health. However, meeting the food demand of a growing population necessitates higher productivity and advanced agricultural methods. Consequently, the global adoption of bio fungicides has witnessed a substantial increase.

Key Market Drivers

Rapid Adoption of Bio-Fungicides for Seed Treatment

The global bio-fungicides sector is poised for substantial growth, primarily driven by the rapid adoption of bio-fungicides for seed treatment. These biological fungicides, typically comprising beneficial bacteria or fungi, are used to control fungal pathogens that affect seed and crop health. Bio-fungicides offer a sustainable and eco-friendly alternative to traditional chemical fungicides, aligning well with the worldwide movement towards organic farming and sustainable agriculture. As consciousness about environmental safety and food quality rises, farmers are increasingly opting for bio-fungicides for seed treatment, recognizing their long-term benefits both for crop health and soil fertility. Furthermore, regulatory bodies' support towards the use of environment-friendly crop protection solutions is contributing to this rising demand. Advancements in bio-technology research have also led to the development of highly effective bio-fungicides, further increasing their appeal to agriculturists. Therefore, as the benefits of bio-fungicides become more apparent and their adoption for seed treatment rapidly increases, the global market for bio-fungicides is expected to experience significant growth.

Rising Demand for Horticulture Crops

The rising demand for horticulture crops worldwide is set to contribute to an increased demand for bio-fungicides on a global scale. With consumers increasingly leaning towards healthier, organic food options, horticulture producers are faced with the challenge of maintaining high-quality yields while minimizing chemical inputs. Bio-fungicides, derived from natural organisms, play an integral role in this context. They offer an environmentally-friendly solution to controlling plant diseases, improving crop health and productivity, and reducing the dependency on synthetic fungicides. These benefits are not only attractive to growers looking to meet organic certification standards but also to those seeking to anticipate stricter future regulations on chemical pesticide use. The increased adoption of bio-fungicides thus links directly to the rise in horticulture crop demand, reflecting a larger shift towards sustainable agriculture practices globally. This trend is further bolstered by advancements in biotechnology, which are expected to drive the development of more effective and tailored bio-fungicide products. In conclusion, as consumers' choice for healthier food options continues to rise, so does the demand for bio-fungicides.

Development of New Bio-Control Agents

The global demand for bio-fungicides is expected to rise significantly, primarily driven by the development of new bio-control agents. As the agricultural sector grapples with the negative impacts of chemical pesticides, bio-fungicides emerge as an eco-friendly and effective alternative. These organic fungicides, derived from naturally occurring organisms, pose minimal risks to human health and the environment. The proliferation of new bio-control agents is set to elevate this trend, offering innovative solutions to combat fungal pathogens. These agents, formulated with various beneficial microorganisms, provide a broader spectrum of disease control. They not only inhibit fungal growth but also enhance plant health by improving nutrient uptake and stress tolerance. Furthermore, with advancements in biotechnology, the efficiency and longevity of these agents are being continuously improved, making them a more attractive choice for farmers and growers worldwide. As these new bio-control agents enter the market, they are expected to intensify the shift towards organic farming practices and thereby, increase the global demand for bio-fungicides.

Growing Resistance of Pathogens to Synthetic Fungicides

The global reliance on synthetic fungicides for crop protection is significantly challenged by the growing resistance of pathogens to these fungicides. This resistance not only diminishes the efficacy of synthetic fungicides, but also necessitates a higher usage of these chemicals, leading to escalating environmental and health concerns. As a consequence, the demand for bio-fungicides, derived from natural sources and posing fewer risks to both environment and human health, is expected to surge. Bio-fungicides efficiently combat fungal infections without inducing resistance, which positions them as a viable and sustainable alternative to synthetic fungicides. Moreover, bio-fungicides offer a dual benefit of disease control and enhancement of crop productivity, owing to their capacity to stimulate plant growth and immunity. Additionally, regulatory bodies across the world are endorsing the use of bio-fungicides due to their lower ecological footprint. This endorsement further bolsters the global market demand for bio-fungicides. Hence, in the light of increasing resistance of pathogens to synthetic fungicides, a significant shift towards bio-fungicides is anticipated, making them an essential component of future sustainable agriculture.


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Key Market Challenges

Limited Shelf Life

Bio-fungicides have been praised for their potential in the agricultural sector, offering an eco-friendly alternative to traditional fungicides that are harmful to both the environment and the end consumers. However, a key challenge that has emerged is their limited shelf life, which could have significant implications for the global demand for bio-fungicides. The reduced shelf life of these organic fungicides often requires farmers to purchase and use them within a short time frame. This, in turn, not only increases storage and procurement costs but also brings logistical challenges. The need for frequent replenishment of stocks may not be practical or cost-effective for many farmers, particularly those in remote or less-developed regions where supply chains may be inadequate or unreliable. Thus, while the environmental and health benefits of bio-fungicides are acknowledged, the limited shelf life presents a significant deterrent. It is this factor that could potentially decrease the demand for bio-fungicides globally, as farmers look for solutions that are not only effective and sustainable but also economical and logistically feasible. Despite the ongoing research and development in the field, unless the issue of limited shelf life is effectively addressed, the global acceptance and uptake of bio-fungicides could be affected.

Limited Access to Appropriate Storage & Distribution Facilities

Limited accessibility to appropriate storage and distribution facilities is likely to decrease the global demand for bio-fungicides. Bio-fungicides, although environmentally friendly and effective in controlling plant diseases, require specific storage conditions to maintain their efficacy. In the absence of cool and dark storage facilities, the viability of these biological agents may be compromised, rendering them ineffective for agricultural use. Additionally, the distribution of bio-fungicides presents another challenge. These products necessitate rapid and efficient transportation to prevent degradation and maintain product integrity. However, in regions with poor infrastructure or logistical constraints, ensuring timely distribution can be a daunting task. The combined impact of these challenges can lead to farmers and agro-industry stakeholders being hesitant to adopt bio-fungicides. Consequently, the global demand for these eco-friendly fungicides may see a downfall. Despite the numerous benefits of bio-fungicides, such as reducing chemical residues in food and contributing to sustainable farming, the lack of adequate storage and distribution facilities is expected to be a major deterrent for their widespread adoption.

Key Market Trends

Rapid Growth of The Agricultural Sector in Developing Countries

The agricultural sector in developing nations is undergoing rapid growth, a phenomenon set to significantly elevate the global demand for bio-fungicides. These countries, historically reliant on traditional farming practices, are now transitioning towards more sustainable and efficient agricultural methods due to heightened awareness of the environmental impact of conventional farming. As part of this shift, the use of bio-fungicides - a biological, environmentally friendly alternative to chemical fungicides - is predicted to surge. Bio-fungicides are derived from natural organisms, offering a sustainable way to control fungal diseases without damaging the ecosystem or endangering human health.

Their rising adoption is fueled, in part, by the expanding organic food market, with consumers increasingly seeking produce grown without synthetic chemicals. Adding to the demand is the supportive legislation from governments, encouraging eco-friendly farming practices to protect biodiversity and promote sustainable development. Furthermore, advancements in agricultural technology are making bio-fungicides more accessible and economical for farmers in developing regions, facilitating their widespread adoption. Thus, the rapid expansion of the agricultural sector in developing countries combined with a growing emphasis on sustainable farming practices is anticipated to significantly boost the global demand for bio-fungicides.

Increase in The Incidence of Crop Diseases

The global increase in the incidence of crop diseases is expected to significantly drive the demand for bio-fungicides. Bio-fungicides, known for their eco-friendly and sustainable nature, serve as a crucial tool for farmers in combating harmful pathogens. Over the past few years, the agricultural sector has witnessed a substantial surge in crop diseases, drastically affecting crop yield and quality. These diseases, which often result from the overuse of synthetic pesticides and environmental factors, pose severe threats to global food security and agricultural productivity.

As a result, more and more farmers are turning to bio-fungicides as a reliable and environmentally responsible solution. These bio-based solutions not only help in controlling the spread of diseases but also improve soil health and crop quality. Moreover, the increasing support from governments worldwide for sustainable farming practices and the growing consumer preference for organic food products are also propelling the global demand for bio-fungicides. The escalating need to ensure food safety and security in the face of climate change further intensifies this demand. Hence, the rise in crop diseases is expected to continue to fuel the growth of the bio-fungicide market globally.

Segmental Insights

Source Insights

Based on the Source, Microbial bio-fungicides, such as Bacillus subtilis and Trichoderma species, are leading the way in the global bio-fungicides market. These bio-fungicides have gained significant traction among farmers worldwide due to their exceptional efficacy in controlling a wide range of fungal diseases. They work by targeting the pathogens directly, inhibiting their growth and preventing further infection. Moreover, their environmentally friendly nature, characterized by biodegradability and minimal impact on non-target organisms, has further contributed to their increased adoption rate.

In addition to their effectiveness, microbial bio-fungicides also offer a sustainable solution for disease management in agriculture. By utilizing these bio-fungicides, farmers can reduce their reliance on synthetic chemical fungicides, which often come with harmful effects on the environment and human health. Furthermore, microbial bio-fungicides are compatible with integrated pest management strategies, allowing farmers to adopt a holistic approach to crop protection. With their unique mode of action and compatibility with sustainable farming practices, microbial bio-fungicides are not only effective in disease control but also contribute to the overall health and resilience of agricultural ecosystems. By promoting a balanced and harmonious relationship between crops and their surrounding environment, these bio-fungicides support long-term sustainability in agriculture, ensuring the continued production of healthy and high-quality crops.

Application Insights

Based on the Application, the Fruits & Vegetables application segment is emerging as the dominant force in the agricultural industry. This dominance can be attributed to the growing demand for organic fruits and vegetables, driven by the increasing awareness of the harmful effects of synthetic pesticides on human health and the environment. As consumers become more conscious of the need for sustainable agriculture, the use of bio-fungicides is gaining momentum. These eco-friendly alternatives are not only effective in controlling plant diseases but also align with the global shift towards environmentally friendly farming practices. By adopting bio-fungicides, farmers can ensure the production of high-quality, pesticide-free fruits and vegetables, meeting the demands of health-conscious consumers while preserving the long-term sustainability of our agricultural systems.


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Regional Insights

In 2022, the bio fungicides market in North America is estimated to account for the largest share. This can be attributed to several factors. There is a growing concern among consumers about the impact of harmful chemicals on the environment, which has led to an increased demand for eco-friendly alternatives. Additionally, the rising popularity of organic food has further fueled the demand for bio fungicides in this region. Moreover, North America benefits from a streamlined registration process, making it easier for companies to introduce their products to the market. Furthermore, the presence of several key players in the biofungicides industry in North America and the increasing adoption of eco-friendly farming methods by farmers have significantly contributed to the growth of this regional market.

On the other hand, Europe is expected to register the highest compound annual growth rate (CAGR) during the forecast period. This can be attributed to the increasing consumer demand for food safety and quality. As consumers become more conscious about the source and production practices of their food, there is a growing preference for organic products. Furthermore, the European government has taken initiatives to promote the use of biocontrol products, further driving the growth of the biofungicides market in the region.

Recent Developments

  • October 2022: Seipasa has successfully launched its new advanced bio fungicidal product, "Fungisei," in Portugal after obtaining Phytosanitary registration from the European Commission.
  • September 2022: Corteva Agriscience has entered into an agreement to acquire Symborg, a company specializing in biologicals, as part of its strategic expansion in the biologicals market. This acquisition will significantly contribute to Corteva Agriscience's goal of becoming a global leader in the agricultural biological sector.
  • June 2022: Certis Biologicals and Novozymes, two prominent agricultural biotechnology companies, have formed a collaborative partnership to develop innovative technologies for highly efficient control of fungal diseases. This collaboration aims to deliver novel solutions to enhance disease management for row crop growers.

Key Market Players

  • Andermatt Group AG
  • Biolchim SPA
  • Bioworks Inc.
  • Certis USA LLC
  • Corteva Agriscience
  • Indogulf BioAg LLC
  • Koppert Biological Systems Inc.
  • Lallemand Inc.
  • Marrone Bio Innovations Inc.
  • Seipasa SA

 By Source

By Formulation

By Application

By Region
  • Microbial
  • Biochemical
  • Plant Incorporated Protectants
  • Dry
  • Liquid
  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Turf & Ornamental
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Report Scope:

In this report, the Global Bio-fungicides Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Bio-fungicides Market, By Source:

o   Microbial

o   Biochemical

o   Plant Incorporated Protectants

  • Bio-fungicides Market, By Formulation:

o   Dry

o   Liquid

  • Bio-fungicides Market, By Application:

o   Cereals & Grains

o   Oilseeds & Pulses

o   Fruits & Vegetables

o   Turf & Ornamental

o   Others

  • Bio-fungicides Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bio-fungicides Market.

Available Customizations:

Global Bio-fungicides market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Bio-fungicides Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Bio-fungicides Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Source (Microbial, Biochemical and Plant Incorporated Protectants)

5.2.2.    By Formulation (Dry and Liquid)

5.2.3.    By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamental and Others)

5.2.4.    By Region

5.2.5.    By Company (2022)

5.3.  Market Map

6.    North America Bio-fungicides Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Source

6.2.2.    By Formulation

6.2.3.    By Application

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Bio-fungicides Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Source

6.3.1.2.2.           By Formulation

6.3.1.2.3.           By Application

6.3.2.    Canada Bio-fungicides Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Source

6.3.2.2.2.           By Formulation

6.3.2.2.3.           By Application

6.3.3.    Mexico Bio-fungicides Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Source

6.3.3.2.2.           By Formulation

6.3.3.2.3.           By Application

7.    Europe Bio-fungicides Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Source

7.2.2.    By Formulation

7.2.3.    By Application

7.2.4.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Bio-fungicides Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Source

7.3.1.2.2.           By Formulation

7.3.1.2.3.           By Application

7.3.2.    United Kingdom Bio-fungicides Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Source

7.3.2.2.2.           By Formulation

7.3.2.2.3.           By Application

7.3.3.    Italy Bio-fungicides Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecasty

7.3.3.2.1.           By Source

7.3.3.2.2.           By Formulation

7.3.3.2.3.           By Application

7.3.4.    France Bio-fungicides Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Source

7.3.4.2.2.           By Formulation

7.3.4.2.3.           By Application

7.3.5.    Spain Bio-fungicides Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Source

7.3.5.2.2.           By Formulation

7.3.5.2.3.           By Application

8.    Asia-Pacific Bio-fungicides Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Source

8.2.2.    By Formulation

8.2.3.    By Application

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Bio-fungicides Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Source

8.3.1.2.2.           By Formulation

8.3.1.2.3.           By Application

8.3.2.    India Bio-fungicides Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Source

8.3.2.2.2.           By Formulation

8.3.2.2.3.           By Application

8.3.3.    Japan Bio-fungicides Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Source

8.3.3.2.2.           By Formulation

8.3.3.2.3.           By Application

8.3.4.    South Korea Bio-fungicides Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Source

8.3.4.2.2.           By Formulation

8.3.4.2.3.           By Application

8.3.5.    Australia Bio-fungicides Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Source

8.3.5.2.2.           By Formulation

8.3.5.2.3.           By Application

9.    South America Bio-fungicides Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Source

9.2.2.    By Formulation

9.2.3.    By Application

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Bio-fungicides Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Source

9.3.1.2.2.           By Formulation

9.3.1.2.3.           By Application

9.3.2.    Argentina Bio-fungicides Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Source

9.3.2.2.2.           By Formulation

9.3.2.2.3.           By Application

9.3.3.    Colombia Bio-fungicides Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Source

9.3.3.2.2.           By Formulation

9.3.3.2.3.           By Application

10. Middle East and Africa Bio-fungicides Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Source

10.2.2. By Formulation

10.2.3. By Application

10.2.4. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Bio-fungicides Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Source

10.3.1.2.2.         By Formulation

10.3.1.2.3.         By Application

10.3.2. Saudi Arabia Bio-fungicides Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Source

10.3.2.2.2.         By Formulation

10.3.2.2.3.         By Application

10.3.3. UAE Bio-fungicides Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Source

10.3.3.2.2.         By Formulation

10.3.3.2.3.         By Application

10.4.             Drivers

10.5.             Challenges

11. Market Trends & Developments

11.1.             Recent Development

11.2.             Mergers & Acquisitions

11.3.             Product Launches

12. Global Bio-fungicides Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14. Competitive Landscape

14.1.             Andermatt Group AG

14.1.1. Business Overview

14.1.2. Service Offerings

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. SWOT Analysis

14.2.             Biolchim SPA

14.3.             Bioworks Inc.

14.4.             Certis USA LLC

14.5.             Corteva Agriscience

14.6.             Indogulf BioAg LLC

14.7.             Koppert Biological Systems Inc.

14.8.             Lallemand Inc.

14.9.             Marrone Bio Innovations Inc.

14.10.          Seipasa SA

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Bio-fungicides Market was estimated to be USD 1.72 Billion in 2022.

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The fruits & vegetables segment leads the global bio-fungicides market due to the rising demand for organic produce and awareness about the harmful effects of synthetic pesticides. Bio-fungicides are safe, eco-friendly, and align with the global trend towards sustainable agriculture.

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North America leads the biofungicides market, with Asia-Pacific following closely. The region's dominance is due to increasing environmental concerns, demand for organic food, and a streamlined registration process. Key players and the adoption of eco-friendly farming methods further fuel market growth.

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Rapid adoption of bio-fungicides for seed treatment and rising demand for horticulture crops are the major drivers for the Global Bio-fungicides Market.

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Sakshi Bajaal

Business Consultant
Press Release

Bio-fungicides Market to Grow with a CAGR of 11.68% through 2028

Nov, 2023

Rapid growth of the agricultural sector in developing countries and increase in the incidence of crop diseases is expected to drive the Global Bio-fungicides Market growth in the forecast period, 202

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