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Biofungicides Market to Witness Significant Growth During Forecast Period

Biofungicides Market to Witness Significant Growth During Forecast Period

The recent “Biofungicides Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors. Ask for Free Sample Report

The report on the “Biofungicides Market” conducts a data-driven quantitative analysis of the relevant industry. It utilizes research based on public records to identify significant patterns. Additionally, it provides predictions for the market sector’s growth between 2024 and 2032. The research primarily focuses on major global market manufacturers, analyzing sales volume, rates, competitive aspects, market share, and development strategies up to 2032.

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Global Biofungicides Market Analysis and Growth Forecast:

Global Biofungicides Market is valued approximately USD 1.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.1 % over the forecast period 2020-2027. Biofungicides are fungicides which contain a microorganism as the active ingredient and is used to control the spread of fungal pathogens in crops. It is also used as a pest-control in the cultivation of fruits & vegetables, cereals, grains, oilseeds & pulses. The global Biofungicides market is facing challenges due to the coronavirus pandemic which is disrupting some activities in agriculture and supply chains. However, Government of various countries are taking several steps to respond the crisis.

For instance: The Reserve Bank of India (RBI) has also announced the “burden of debt servicing” due to COVID-19 pandemic. Agricultural term and crop loans have been granted a moratorium of three months (till May 31) by banking institutions with 3% concession on the interest rate of crop loans up to INR 300,000 (USD 39367.50) for borrowers. Moreover, the regulatory pressures and harmful effects associated with the use of synthetic plant protectants, growing emphasis on integrated pest management solutions and rising preference for organic products to encourage the adoption of biological products are the factors responsible for the growth of the market over the forecast period.

For Instance: as per Statista, the global sale of organic food was USD 18 billion in 2000 and has risen by USD 95 billion in 2018. However, technological limitations for the use of biological products and need for frequent reapplications of biofungicides as compared to its chemical counterparts is the major factor restraining the growth of global Biofungicides market during the forecast period.

Major market player included in this report are:
BASF SE
Bayer AG
Syngenta AG
Nufarm
FMC Corporation
Novozymes
Marrone Bio Innovations
Koppert Biological Systems
Isagro S.P.A
Bioworks

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The detailed segments and sub-segment of the market are explained below:

By Type:

  • Microbial species
  • Botanical

By Form:

  • Wettable powder
  • Aqueous solution
  • Granules

By Species:

  • Bacillus
  • Trichoderma
  • Pseudomonas
  • Streptomyces
  • Other species

By Application:

  • Foliar spray
  • Soil treatment
  • Seed treatment
  • Other modes of application

By Crop-type:

  • Fruits & vegetables
  • Cereals & grains
  • Oilseeds & pulses
  • Other crops

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By Region:

North America

  • U.S.
  • Canada

Europe

  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE

Asia Pacific

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC

Latin America

  • Brazil
  • Mexico

Rest of the World

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Report Components

Market Synopsis: This section encapsulates the present market scenario and outlines the industry’s scope. It includes a comprehensive analysis of key segments such as product types, applications, and regions, with revenue and sales forecasts provided as part of this overview.

Competitive Landscape: Illuminating the market’s competitive terrain, this section presents an in-depth analysis of manufacturers, offering insights into individual players’ revenue and sales figures. Additionally, it encompasses noteworthy details on mergers, acquisitions, and industry investments.

Regional Analysis: Providing an overview of market revenue, sales, and shares across major regions and sub-regions, this segment also explores the pricing structure, sales growth rate, and other crucial estimations.

Company Profiles: This section provides strategic business insights about key firms operating within the market landscape. It covers product specifications, revenue shares, and portfolios of these major companies.

The Analysis Objectives of the Report are:

To determine the size of the Market by identifying its sub-segments.

To research the key players and analyze their growth strategies.

To assess the size and value of the Market based on key regions.

To analyze the Market in terms of growth trends, potential, and participation in the overall sector.

To investigate the Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.

Primary Market manufacturers to specify, clarify, and analyze the product sales volume, value, market share, market rivalry landscape, SWOT analysis, and future development plans.

To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

What is new in 2024?

– Major developments that can change the business landscape as well as market forecasts.

– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

– Coverage of new market players and change in the market share of existing players of the market.

– Updated financial information and product portfolios of players operating in the market.

– Updated market developments of the profiled players.

– Any new data points/analysis (frameworks) which was not present in the previous version of the report

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