Market Size of biofungicides Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 2.88 Billion |
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Market Size (2029) | USD 4.81 Billion |
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Largest Share by Crop Type | Row Crops |
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CAGR (2024 - 2029) | 10.80 % |
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Largest Share by Region | Europe |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Biofungicides Market Analysis
The Biofungicides Market size is estimated at USD 2.88 billion in 2024, and is expected to reach USD 4.81 billion by 2029, growing at a CAGR of 10.80% during the forecast period (2024-2029).
- Row Crops is the Largest Crop Type : The major row crops farmed globally are barley, corn, wheat, rapeseed, rye, sunflower, soybean, and rice, accounting for 84.8% of the global biofungicides market in 2022.
- Horticultural Crops is the Fastest-growing Crop Type : The protected cultivation of fruit and vegetable crops in modern greenhouses is considered as highly sustainable food production system that is increasingly being used.
- Europe is the Largest Region : Europe accounted for 41.1% of the global biofungicides market in 2022. Pesticide Action Network Europe is dedicated to significantly reducing pesticide use across Europe.
- United States is the Largest Country : The market for biofungicides in the United States is valued at USD 781.6 million in 2022 and is the most consumed biopesticide type with a market share of 49.5% in 2022.
