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Biofungicides Market Size

The biofungicides market is projected to experience significant growth over the forecast period, with its market size expanding notably. Row crops, including barley, corn, and wheat, dominate the market, while horticultural crops are emerging as the fastest-growing segment due to sustainable cultivation practices. Europe holds the largest market share, driven by initiatives to reduce pesticide use, and the United States leads in consumption of biofungicides.

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Market Size of biofungicides Industry

Biofungicides Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 2.88 Billion
svg icon Market Size (2029) USD 4.81 Billion
svg icon Largest Share by Crop Type Row Crops
svg icon CAGR (2024 - 2029) 10.80 %
svg icon Largest Share by Region Europe
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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.
Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

This section covers the major market trends shaping the Biofungicides Market according to our research experts:

Row Crops is the largest Crop Type

  • The global biofungicides market in 2022 was primarily driven by the production of row crops, with the main crops being barley, corn, wheat, rapeseed, rye, sunflower, soybean, and rice. These crops accounted for approximately 84.1% of the global biofungicides market in terms of value. North America dominates this segment of the market, with the United States being the leading country, accounting for 71.4% of the total market value. The consumption of biofungicides in row crops is expected to continue to grow due to the considerable extent of area under the cultivation of these crops in the United States.
  • Horticultural crops, including fruits and vegetables such as bananas, apples, grapes, tomatoes, onions, cucumbers, and cabbages, accounted for 12.3% of the global biofungicides market in 2022. The European region dominates this sub-segment of the market, accounting for a share of 68.4%. Italy, France, and Spain are the leading countries in this region, with Italy accounting for a share of 39.7%.
  • Cash crops, including coffee, tea, cocoa, cotton, tobacco, rubber, and sugarcane, accounted for 4.0% of the total global consumption of biofungicides in 2022. The European region dominates this sub-segment of the market, accounting for a share of 42.1%. France, Germany, and Italy are the leading countries in this region, with France accounting for a share of 34.2%.
  • The increased demand for organically produced fruits and vegetables, driven by health concerns, is expected to further boost the consumption of biofungicides in the crop segment of the market during the forecast period (2023-2029).
Biofungicides Market: Biofungicides Market, CAGR, %, By Crop Type, 2023 - 2029

Biofungicides Industry Segmentation

Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
Crop Type
Cash Crops
Horticultural Crops
Row Crops
Region
Africa
By Country
Egypt
Nigeria
South Africa
Rest Of Africa
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Philippines
Thailand
Vietnam
Rest Of Asia-Pacific
Europe
By Country
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest Of Europe
Middle East
By Country
Iran
Saudi Arabia
Rest Of Middle East
North America
By Country
Canada
Mexico
United States
Rest Of North America
South America
By Country
Argentina
Brazil
Rest Of South America
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Biofungicides Market Size Summary

The biofungicides market is experiencing significant growth, driven by the increasing demand for sustainable agricultural practices and the rising need for organic produce. This market is characterized by the use of natural microorganisms such as Bacillus, Trichoderma, Streptomyces, and Pseudomonas to combat plant pathogens, thereby promoting healthier crop yields. The market is predominantly led by the row crops segment, which includes major crops like barley, corn, wheat, and rice, with North America, particularly the United States, being a key player due to its extensive cultivation of these crops. Horticultural crops are emerging as the fastest-growing segment, supported by the protected cultivation practices in Europe, which is the largest regional market for biofungicides. The European market's growth is further bolstered by initiatives aimed at reducing pesticide use and promoting organic farming.

The biofungicides market is projected to continue its upward trajectory, with a robust compound annual growth rate anticipated over the forecast period. This growth is supported by government initiatives in regions like North America, which provide financial incentives for organic farming practices. The market is fragmented, with major companies like Bioworks Inc., Corteva Agriscience, and Koppert Biological Systems Inc. playing pivotal roles in driving innovation and expanding their biologicals portfolios. Recent strategic moves, such as acquisitions and product launches, underscore the industry's focus on enhancing the efficacy and adoption of biofungicides. As the market evolves, the dual role of biofungicides in biocontrol and plant growth stimulation is expected to further propel its global adoption, aligning with the increasing consumer preference for organically produced agricultural products.

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Biofungicides Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 Crop Type

      1. 1.1.1 Cash Crops

      2. 1.1.2 Horticultural Crops

      3. 1.1.3 Row Crops

    2. 1.2 Region

      1. 1.2.1 Africa

        1. 1.2.1.1 By Country

          1. 1.2.1.1.1 Egypt

          2. 1.2.1.1.2 Nigeria

          3. 1.2.1.1.3 South Africa

          4. 1.2.1.1.4 Rest Of Africa

      2. 1.2.2 Asia-Pacific

        1. 1.2.2.1 By Country

          1. 1.2.2.1.1 Australia

          2. 1.2.2.1.2 China

          3. 1.2.2.1.3 India

          4. 1.2.2.1.4 Indonesia

          5. 1.2.2.1.5 Japan

          6. 1.2.2.1.6 Philippines

          7. 1.2.2.1.7 Thailand

          8. 1.2.2.1.8 Vietnam

          9. 1.2.2.1.9 Rest Of Asia-Pacific

      3. 1.2.3 Europe

        1. 1.2.3.1 By Country

          1. 1.2.3.1.1 France

          2. 1.2.3.1.2 Germany

          3. 1.2.3.1.3 Italy

          4. 1.2.3.1.4 Netherlands

          5. 1.2.3.1.5 Russia

          6. 1.2.3.1.6 Spain

          7. 1.2.3.1.7 Turkey

          8. 1.2.3.1.8 United Kingdom

          9. 1.2.3.1.9 Rest Of Europe

      4. 1.2.4 Middle East

        1. 1.2.4.1 By Country

          1. 1.2.4.1.1 Iran

          2. 1.2.4.1.2 Saudi Arabia

          3. 1.2.4.1.3 Rest Of Middle East

      5. 1.2.5 North America

        1. 1.2.5.1 By Country

          1. 1.2.5.1.1 Canada

          2. 1.2.5.1.2 Mexico

          3. 1.2.5.1.3 United States

          4. 1.2.5.1.4 Rest Of North America

      6. 1.2.6 South America

        1. 1.2.6.1 By Country

          1. 1.2.6.1.1 Argentina

          2. 1.2.6.1.2 Brazil

          3. 1.2.6.1.3 Rest Of South America

Biofungicides Market Size FAQs

The Biofungicides Market size is expected to reach USD 2.88 billion in 2024 and grow at a CAGR of 10.80% to reach USD 4.81 billion by 2029.

In 2024, the Biofungicides Market size is expected to reach USD 2.88 billion.

Bio fungicide Market Report Snapshots

Biofungicides Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029