North America is Projected to Grow at the Highest CAGR in the Biofungicides Market by 2025
The global biofungicides market is estimated to account for a value of USD 1.6 billion in 2020 and is projected to grow at a CAGR of 16.1%, to reach a value of USD 3.4 billion by 2025. The biofungicides market is projected to witness significant growth due to the increasing demand for chemical residue-free and environment-friendly products. Stringent government regulations and a significant shift toward sustainable agricultural practices are factors that are projected to decrease the use of chemical-based crop protection products. Download PDF Brochure North America is projected to grow at the highest CAGR during the forecast period North America accounted for the largest market share during the forecast period due to the presence of major players in the market in the region. The region witnesses the adoption of integrated pest management and organic farming practices, which has also promoted the growth of the market. The region is also one of the largest producers of fruits ...