Market Snapshot
2016 - 2026
2020
Europe
North America
15.6 %
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Market Overview
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.
Scope of the Report
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.
| Application | |
| Grains and Cereals | |
| Oilseeds | |
| Fruits & Vegetables | |
| Other Applications |
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Key Market Trends
The Increased Practice of Organic Farming is driving the market
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%. 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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North America dominates the market
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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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
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Industry Attractiveness - Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Grains and Cereals
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5.1.2 Oilseeds
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5.1.3 Fruits & Vegetables
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5.1.4 Other Applications
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5.2 Geography
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5.2.1 North America
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5.2.1.1 US
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5.2.1.2 Canada
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5.2.1.3 Rest of North America
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5.2.2 Europe
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5.2.2.1 Germany
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5.2.2.2 France
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5.2.2.3 UK
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5.2.2.4 Italy
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5.2.2.5 Spain
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5.2.2.6 Rest of Europe
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5.2.3 Asia Pacific
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5.2.3.1 Australia
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5.2.3.2 China
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5.2.3.3 India
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5.2.3.4 Japan
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 Latin America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of Latin America
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5.2.5 Rest of the World
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Competitor Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Bioworks Inc.
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6.3.2 Marrone BioInnovations
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6.3.3 Certis
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6.3.4 The Stockton Group
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6.3.5 Koppert Biological Systems
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6.3.6 International Pannacea Ltd
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6.3.7 Lallemand
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6.3.8 Seipasa
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6.3.9 Syngenta AG
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6.3.10 De Sangosse Ltd
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6.3.11 IsAgro USA
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Biofungicide Market market is studied from 2016 - 2026.
What is the growth rate of Global Biofungicide Market?
The Global Biofungicide Market is growing at a CAGR of 15.6% over the next 5 years.
Which region has highest growth rate in Global Biofungicide Market?
Europe is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Biofungicide Market?
North America holds highest share in 2020.
Who are the key players in Global Biofungicide Market?
- Certis
- Koppert Biological Systems
- Syngenta AG
Are the major companies operating in Global Biofungicide Market.
