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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.
Fastest Growing Market:
The Global bio fungicide market was valued at USD 1,208.2 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 bio fungicides, 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 bio inputs.
The term bio fungicide 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 forecasts for various types of products used as bio fungicides. The report will also help to understand the recent shift toward the adoption of bio fungicides in emerging regions.
|Grains and Cereals|
|Fruits & Vegetables|
|Rest of the World|
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According to the Organic Trade Association, approximately 82% of households in the United States purchase organic food. The organic food market in India has been registering a CAGR of 25%. As per Statista, it is anticipated to reach USD 1.36 billion by 2020. The rise in demand for organic products is booming, not only due to an increase in conscientious consumers, but also due to increasing incomes, along with improved farming practices that make organic yields more robust. As a result, the increasing demand for organic food, worldwide, has increased the area under organic farming, worldwide. The Common Agricultural Policy limits and restricts the use of synthetic fertilizers, while promoting the use of biofertilizers and organic farming.Increase area under organic farming worldwide will drive the biofungicides market during the forecasting period.
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As of 2018, the North American market for bio fungicide was USD 496.9 million and it is projected to reach a value of USD 1,046.2 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 bio fungicide. 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 bio fungicides in Canada and the United States.
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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
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Grains and Cereals
5.1.3 Fruits & Vegetables
5.1.4 Other Applications
5.2.1 North America
22.214.171.124 Rest of North America
126.96.36.199 Rest of Europe
5.2.3 Asia Pacific
188.8.131.52 Rest of Asia-Pacific
5.2.4 Latin America
184.108.40.206 Rest of Latin America
5.2.5 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Bioworks Inc.
6.3.2 Marrone BioInnovations
6.3.4 The Stockton Group
6.3.5 Koppert Biological Systems
6.3.6 International Pannacea Ltd
6.3.9 Syngenta AG
6.3.10 De Sangosse Ltd
6.3.11 IsAgro USA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability