Global Biofungicide Market - Growth, Trends, and Forecast (2019 - 2024)

The Global Biofungicide Market is segmented by application into grains and cereals, oilseeds, fruits and vegetables, and other applications, and by geography into North America, Europe, Asia-Pacific, Latin America, and Rest of the World.

Market Snapshot

Global Biofungicides Market Snapshot
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Europe

Largest Market:

North America

Key Players:

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Market Overview

The global biofungicide market was valued at USD 1208.2 million in 2018, and it is projected to reach a value of USD 2877.2 million by 2024, growing at a CAGR of 15.6% during the forecast period. The drivers identified in the market are growing demand for food safety, easy registration procedure of biofungicides, increasing R&D and partnerships among the market players and increasing area under organic farming. The restraints identified in the market are high target pest specificity, lower shelf life and lack of awareness of bioinputs.

 

 

 

Scope of the Report

The term biofungicide refers to those fungicides which contain a microorganism as the active ingredient and is used for the control of fungal pathogens in crops. This report will help develop an understanding of the current market dynamics and growth opportunities and gain in-depth analysis and market forecast for various types of products used as biofungicides. The report will also help to understand the recent shift toward adoption of biofungicides in emerging regions.

Application
Grains and Cereals
Oilseeds
Fruits & Vegetables
Other Applications
Geography
North America
US
Canada
Rest of North America
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
Australia
China
India
Japan
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Rest of the World

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Key Market Trends

Easy Registration Procedure of Biofungicides is driving the market

Given that biofungicides tend to pose fewer risks than chemical fungicides, the EPA generally requires less data to register a biofungicide than to register a chemical fungicide. As a result, new biofungicides are often registered in less than a year, compared to an average of more than three years for synthetic fungicides.Biofungicides are regulated in the European Union in the same manner as chemical fungicides. The Organization for Economic Co-operation and Development (OECD), a 34-country group headquartered in Paris, France, assists EU governments in quickly and thoroughly assessing biopesticide risks to humans and the environment.

Global Biofungicides Market Trend 1

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North America dominates the market

As of 2018, the North American market for biofungicide was USD 496.9 million and it is projected to reach a value of USD 1046.2 million by 2024, with a CAGR of 13.2% during the forecast period. In countries like Canada and the United States, Trichoderma harzianum strain T-22 is the most commercially used biofungicide. Green housed spaces are increasing by 21% in these regions and therefore, there is a huge scope for the market to grow. Actinovate, Mycostop, Prestop, Root Shield, Serenade, SoilGard, and Taegro are the few newly registered biofungicides in Canada and the United States.

Market Trends 2

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Competitive Landscape

In the biofungicide industry, companies are not only competing in terms of  product quality and product promotion, but are also focusing on strategic moves to acquire greater market shares.New product launches, expansions, innovations, and partnerships are the major strategies adopted by the leading companies in the biofungicide market.

The global biofungicide market is highly fragmented, with major companies accounting for only 9% of the market share, and almost 90% of the bio control companies held by private enterprises.The market share of these companies is majorly attributed to their large product portfolio, strong research and development, and access to global distribution networks

Major Players

  1. Certis
  2. Koppert Biological Systems
  3. Syngenta AG

* Complete list of players covered available in the table of contents below

Global Biofungicides CL

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Grains and Cereals

      2. 5.1.2 Oilseeds

      3. 5.1.3 Fruits & Vegetables

      4. 5.1.4 Other Applications

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 US

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 France

        3. 5.2.2.3 UK

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 Australia

        2. 5.2.3.2 China

        3. 5.2.3.3 India

        4. 5.2.3.4 Japan

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of Latin America

      5. 5.2.5 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Bioworks Inc.

      2. 6.3.2 Marrone BioInnovations

      3. 6.3.3 Certis

      4. 6.3.4 The Stockton Group

      5. 6.3.5 Koppert Biological Systems

      6. 6.3.6 International Pannacea Ltd

      7. 6.3.7 Lallemand

      8. 6.3.8 Seipasa

      9. 6.3.9 Syngenta AG

      10. 6.3.10 De Sangosse Ltd

      11. 6.3.11 IsAgro USA

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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