Articles
North America: The Us Is One Of The Largest Markets For Biofungicides
by Mit K. SEOThe biofungicides market isprojected to grow at a CAGR of16.1% from 2020
to 2025.
The global biofungicides market size is estimated to account for
USD 1.6billion in 2020 and is projected to grow at a CAGR 16.1%, to reach a value of USD
3.4billion by 2025. The increase in
preference for organic farming practices and the rise in the adoption of
integrated pest management practices are factors driving the growth of the
market. The increasing awareness among farmers about the negative effects of
synthetic plant protection products and the cost-effectiveness of biofungicides
are also encouraging the adoption of these products across the globe.
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The microbial species segment, by type, is projected to be the
fastest-growing in the biofungicides market during the forecast period
The increasing importance of
sustainable agriculture and awareness among farmers about the toxicity of
chemical fungicides and its harmful effects on the environment are some of the
factors, due to which microbial biofungicides are becoming popular. The actions
of microbial biofungicides are specific to target pests and do not harm beneficial
microorganisms, which promotes the growth of the plant.
By crop type, the fruit & vegetables segment is projected to
be the fastest-growing in the biofungicides market during the forecast period
Increasing
demand for organic fruits and vegetables hasresulted in higher use of
biofungicides in this segment. Biofungicides not only help in protecting the
crops during the growing season but also show the extended activity of
protection during post-harvest storage and transport.
By mode of application, the
soil treatment is projected to dominate the biofungicidesmarket during the
forecast period
One of
the major advantages of using biofungicides as soil treatment is they ensure
healthy seed germination by removing pathogenic fungal spores and mycelium that
might be present in the soil. Increasing instances of the soil-borne fungal
pathogen have led to a risein demand for soil treatment
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Leading players profiled in this report
·
BASF SE
(Germany)
·
Bayer
AG (Germany)
·
Syngenta
AG (Switzerland)
·
FMC Corporation
(US)
·
Nufarm
(Australia)
·
Novozymes
(Denmark)
·
Marrone
Bio Innovations (US)
·
Koppert
Biological Systems (Netherlands)
Research Coverage
This report
segmentsthebiofungicides marketonthe basis of type, form,
species, crop type, mode of application,and region. In terms of insights, this
research report focuses on various levels of analyses—competitive landscape,
end-use analysis, and company profiles—which together comprise and discuss the
basic views on the emerging & high-growth segments of the biofungicidesmarket,the
high-growth regions, countries, government initiatives, market disruption, drivers,
restraints, opportunities, and challenges.
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About Mit K. 
SEO
150 connections, 1 recommendations, 1,230 honor points.Joined APSense since, August 8th, 2019, From Northbrook, United States.
Created on Aug 28th 2020 08:53. Viewed 235 times.
