Food & Agriculture Trends

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 ...

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 16.1%, to reach a value of USD 3.4 billion by 2025. The increase in demand for organic food products, stringent government regulation against the use of chemical-based crop protection methods, and the growing awareness among farmers about the benefits of adopting biofungicides are some of the factors that are projected to drive the growth of the market. New product launches and partnerships were the dominant strategies adopted by key players to capitalize on the strong market potential. Download PDF Brochure The increasing agricultural practices and the requirement of high-quality agricultural produce are factors that are projected to drive the fungicides market growth in this region. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains. The region consumes 90% of the global rice produced. According t...

The biofungicides market is estimated to account for USD 1.6 billion in 2020 and is projected to grow at a CAGR 16.1% from 2020, to reach a value of USD 3.4 billion by 2025. Factors such as an increase in demand for organic food products, stringent government regulations against the use of chemical-based crop protection products, and the growing health concerns associated with chemical-based products are projected to drive the growth of the market of biofungicides. Download PDF Brochure Biofungicides are used in almost all the crop segments. Their dosage, active ingredients, and application rates vary from crop to crop. Biofungicides are predominantly applied in fruits and vegetables followed by cereal crops, pulses and oilseeds. Turf and ornamentals are also becoming an important segment where the biofungicides are applied for effective pest control. The leading crop segments are ranked below by their application. The rising demand for organic fruits and vegetables globally has resul...