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Global Biofungicides Market Size, Share, Trends, Forecast: By Source: Microbial, Biochemical, Plant-incorporated Protectants; By Formulation: Dry, Liquid; By Application: Cereals and Grains, Oilseeds and Pules, Fruits and Vegetables, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Biofungicides Market Outlook
The global biofungicides market stood at a value of nearly USD 773.45 million in 2023 and is expected to grow at a CAGR of 14.5% during the forecast period of 2024-2032.
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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.
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:
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- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Based on its formulation, the biofungicides market can be bifurcated into dry and liquid form.
The EMR report looks into the regional biofungicides markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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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:
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| Breakup by Source |
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| Breakup by Formulation |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Biofungicides Market Analysis
8.1 Key Industry Highlights
8.2 Global Biofungicides Historical Market (2018-2023)
8.3 Global Biofungicides Market Forecast (2024-2032)
8.4 Global Biofungicides Market by Source
8.4.1 Microbial
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Biochemical
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Plant-incorporated Protectants
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Biofungicides Market by Formulation
8.5.1 Dry
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Liquid
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Biofungicides Market by Application
8.6.1 Cereals and Grains
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Oil Seeds and Pulses
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Fruits and Vegetables
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Biofungicides Market by Region
8.7.1 North America
8.7.2 Europe
8.7.3 Asia Pacific
8.7.4 Latin America
8.7.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Bayer AG
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Gujarat State Fertilizers and Chemicals Ltd.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 FMC Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Certis USA LLC
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Symborg Corporate S.L
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Biotech International Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Biofungicides Market: Key Industry Highlights, 2018 and 2032
2. Global Biofungicides Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global Biofungicides Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Biofungicides Historical Market: Breakup by Formulation (USD Million), 2018-2023
5. Global Biofungicides Market Forecast: Breakup by Formulation (USD Million), 2024-2032
6. Global Biofungicides Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Biofungicides Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Biofungicides Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Biofungicides Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Biofungicides Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Biofungicides Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Biofungicides Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Biofungicides Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Biofungicides Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Biofungicides Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Biofungicides Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Biofungicides Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Biofungicides Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Biofungicides Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Biofungicides Market Structure
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 14.5% 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.
Analyst Review
The global biofungicides market attained a value of USD 773.45 million in 2023, driven by the rising environmental consciousness and the increasing government efforts to promote the use of organic and clean labelled products. Aided by the growing adoption of sustainable agricultural practices, the market is further anticipated to grow at a CAGR of 14.5% in the forecast period of 2024-2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on source, the market is divided into microbial, biochemical, and plant-incorporated protectants. Based on formulation, the market is bifurcated into dry and liquid form. On the basis of application, the market is divided into cereals and grains, oilseeds and pulses, and fruits and vegetables, among others. The major regional markets for biofungicides are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bayer AG, Gujarat State Fertilizers and Chemicals Ltd., FMC Corporation, Certis USA LLC, Symborg S.L, and Biotech International Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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