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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Biofungicides Market
Request Now !Biofungicides are the living organisms that control the activity of plant pathogenic fungi and bacteria. It is made up of fungi and bacteria that colonize and assail plant pathogens, thereby preventing the diseases they cause. These microorganisms are naturally found in soil, making them an environment-friendly alternative to chemical fungicides. Biofungicides are used as a pest-control in the cultivation of cereals, grains, fruits & vegetables, and oilseeds & pulses. They help to increase the fertility of land and prolong the life of flowers & fruits. In addition, biofungicide is easily decomposed by sunlight, plants, or various soil microorganisms.Â
COVID-19 scenario analysis:
The rise in demand for organic fruits and vegetables globally has increased the demand for biofungicides. Framers are now discarding the use of chemical-based biofungicides due to harmful health concerns. Biofungicides are used in the cultivation of cereals, grains, fruits & vegetables, oilseeds, and pulses as pest control. The shift in consumer preference for organic fruits & vegetables is expected to boost the market growth.
In addition, fungal infections occur in the soil and root zone area of the plant that affect the plant growth and eventually leads to plant death. Biofungicides improve plant growth and give new life to plants. Soil treatment is the most suitable method for bio fungicides due to the advancements in soil treatment techniques.Â
Bio fungicides provide longer shelf life and affordable prices for organic products are the key benefits of biofungicides, which have led to a higher preference for wettable powdered form in the biofungicides market. Farmers use wettable powder to directly sprinkle over the soil, or it can be mixed with water, which is meant for irrigation.Â
However, high costs and low availability of the product are the major constrains of the market. Most farmers, particularly in developing regions, are familiar with chemical-based agro-products, and are unwilling to adopt advanced products due to financial hurdles; this continues to be a challenge for biofungicide suppliers.Â
Based on region, the global bio fungicides market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North American is one of the largest producers of organic fruits & vegetables. In addition, the increase in use of integrated pest management solutions is projected to drive the market growth of bio fungicides across the globe.Â
As a natural way of improve plant growth, maintaining soil health and improving plant nutrient intake, biofungicide product application is gaining popularity in various environmentally-cognizant markets such as North America and Europe. The use of biofungicides in Europe for crop-based applications is the largest and is growing faster than non-crop-based applications.Â
Grain & cereal and oilseed applications are the largest end users of biofungicides in Europe. The effect of organic, clean label, and residue-free customer preferences has led to an increase in demand for biofungicides, particularly in the agricultural industry, which is driving the global bio fungicides market. Increase in awareness of health benefits of using natural products also contributes to the biofungicides market.
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Biofungicides Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
Aspects | Details |
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By Form |
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By Crop Type |
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By Application |
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Key Market Players | BASF SE, Bayer AG, Syngenta AG, FMC Corporation, Nufarm, Novozymes, Marrone Bio Innovations, Koppert Biological Systems, Isagro S.P.A, T. Stanes & Company Limited, BioWorks, The Stockton Group, Valentt Biosciences, Agri Life, Certis U.S.A, Andermatt Biocontrol AG, Lesaffre, Rizobacter, Vegalab S.A, Biobest Group NV, Biolchim |
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