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Report Overview

The global biofungicides market attained a value of nearly USD 773.45 Million in 2023. The market is further expected to grow at a CAGR of 14.50% during the forecast period of 2024-2032 to reach a value of USD 2616.26 Million by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Biofungicides Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 773.45
Market Size 2032 USD Million 2,616.26
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 14.5%
CAGR 2024-2032 - Market by Region Asia Pacific 17.1%
CAGR 2024-2032 - Market by Country India 18.0%
CAGR 2024-2032 - Market by Country Canada 16.9%
CAGR 2024-2032 - Market by Source Microbial 16.2%
CAGR 2024-2032 - Market by Formulation Liquid 17.8%

Biofungicides Market

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The effect of organic, clean label, and residue-free customer preferences has led to an increase in the demand for biofungicides, particularly in the agricultural industry, which is driving the global biofungicides market. Incorporating sustainable products and services has positively affected the farmers around the globe, further aiding the industry growth. The shift towards the use of products derived from natural pest control has generated an enhanced demand for biofungicides and bioinsecticides.

Biofungicides Market By Segments

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Market Segmentation

Biofungicides refers to those fungicides that contain the active ingredient of a microorganism and are used in crop control of fungal pathogens. The global biofungicides market can be divided on the basis of segments like source, application, and formulation. On the basis of its source, the market can be categorised as microbial, biochemical, and plant-incorporate protectants.

Based on its application, the biofungicides market can be segmented as:

  • Cereals and Grains
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others

Based on its formulation, the biofungicides market can be bifurcated into:

  • Dry
  • Liquid

The regional biofungicides markets like:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
CAGR 2024-2032 - Market by Country
India 18.0%
Canada 16.9%
China 15.1%
USA 14.6%
Australia 11.6%
Japan 10.2%
UK XX%
Germany XX%
France XX%
Italy XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Biofungicides Market By Region

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Global Biofungicides Market Analysis

Sustainable farming has become a main focus for the agricultural sector, ranging from increasing acceptance of traditional plants to biological crop protection. Biofungicides are used in the cultivation of cereals, grains, fruits and vegetables, oilseeds, and pulses as pest control. The shift in customers’ preference towards organic fruits and vegetables has led to a spike in the demand for biofungicides in the past few years. Product development and innovation policies in the biofungicides market have resulted in the increasing demand for bio-based agro-products that not only boost crop yields but also guarantee food safety, thus, further aiding the industry growth.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global biofungicides market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Bayer AG 
  • Gujarat State Fertilizers and Chemicals Ltd
  • FMC Corporation [NYSE: FMC]
  • Certis USA LLC 
  • Symborg S.L.       
  • Biotech International Ltd.   
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • Formulation
  • Application
  • Region
Breakup by Source
  • Microbial
  • Biochemical
  • Plant-incorporated Protectants
Breakup by Formulation
  • Dry
  • Liquid
Breakup by Application
  • Cereals and Grains
  • Oil Seeds and Pulses
  • Fruits and Vegetables
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bayer AG
  • Gujarat State Fertilizers and Chemicals Ltd.
  • FMC Corporation
  • Certis USA LLC
  • Symborg Corporate S.L
  • Biotech International Ltd.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global biofungicides market attained a value of nearly USD 773.45 Million.

The market is estimated to grow at a CAGR of 14.50% between 2024 and 2032.

The major drivers of the market include the rising environmental concern and the increasing demand for organic and clean labelled products.

The increasing shift towards sustainable agricultural practices is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Microbial, biochemical, and plant-incorporated protectants are the different sources of the product in the market.

Dry and liquid form are the different formulations of the product in the market.

Cereals and grains, oilseeds and pulses, and fruits and vegetables, among others are the major applications of the product.

The major players in the industry are Bayer AG, Gujarat State Fertilizers and Chemicals Ltd., FMC Corporation, Certis USA LLC, Symborg S.L, and Biotech International Ltd., among others.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2616.26 Million by 2032.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124