Biofungicides Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

Report Code: CMR 25369 Report Format: PDF + Excel

Biofungicides Market Overview

Biofungide market size is estimated to reach US$3.9 billion in 2027 and is forecasted to grow at a CAGR of 15.1% during 2022-2027. The term Biofungicides refers to those fungicides that contain the microorganism as an active ingredient and are used to control fungal bacteria in plants especially in agriculture. These microorganisms are found naturally in the soil, making them an environmentally friendly alternative to chemical fungicides. Biofungicides are used as a pest control method through folia spray of biofungicides during the cultivation of cereals & grains, fruits & vegetables, oilseeds & pulses, flower crops, and others. They help to increase the fertility of the soil and extend the life of flowers and fruits. In addition, the biofungicide easily decomposed sunlight, plants, or various microorganisms in the soil. The introduction of sustainable products in organic farming had a positive impact on farmers around the world, greatly contributing to the growth of the industry. Farmers switching to advanced farming systems such as hydroponic systems, aquaponics has a positive impact on global biofungicides market.

COVID-19 Impact

The covid-19 has disrupted agricultural industry with decreased supply of agricultural inputs. The disruption in supply chain has reduced the availability of fertilizers, agricultural implements, and other inputs. The closure of several manufacturing units of biofungicides during lockdown has created a tentative market friction between demand and supply.

A sudden outbreak of the coronavirus has hit the global market as governments take steps to close roads and reduce overcrowding. The development is generally expected to be reflected in the disruption and decline in productivity and organic farming due to lack of resources, shortage of workers, and government-sanctioned crop closures.

The global market continues to be challenged by the economic consequences associated with the epidemic. However, the results are not the same for all markets and not all are bad. For example, the timely closure of Chinese agriculture supplier plants including foliar spray implements could help producers from India, Europe, and North America fill the void and expand their order. However, supply chain disruptions have led to problems with organic farming community with the purchase of immature goods from several manufacturers, especially companies relying on Chinese raw materials are expected to face major planning challenges.

Report Coverage

The report: “Biofungicides Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Biofungicides Industry.

By Form: Granules, Wettable powder, and Aqueous Solution.
By Type: Plant/Botanical and Microbial.
By Mode of Application: Soil treatment, Foliar spray, Seed treatment, Root dipping, Post-harvest application, and Irrigation.
By Species: Trichoderma, Bacillus, Streptomyces, Pseudomonas, and Other species (Saccharomyces , Aureobasidium, and Coniothyrium).
By Crop Type: Oilseeds & pulses, Cereals & grains, Fruits & vegetables, and Other crops (Flower crops, and Turf & ornamentals).
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa).

Key Takeaways

  • North America dominates the biofungicides market, owing to the number of market players operating in the proximity coupled with higher affordability of farmers to purchase biofungicides.
  • Soil treatment is the most widely adopted mode of application of biofungicides due to the development of soil treatment methods. In addition, many fungal diseases occur in the soil and root areas of the plant, which slows plant growth and ultimately leads to plant death. Therefore, farmers use soil treatment solutions to ensure a healthy crop yield.
  • Microbial based biofungicides is observed to be efficient in terms of their mechanism of action than botanical biofungicides. They act against pathogenic fungi by parasitism. Easy production of microbial biofungicides at manufacture level is another factor that has led to an increase in the penetration.
  • The major opportunity for this market is high research spending and developing eco-friendly products especially plant based biofungicide products. 

 Figure: North America Biofungicides Market Revenue, 2021-2027 (US$ Billion)


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Biofungicides Market Segment Analysis – By Form

The wettable powered biofungicide segment held the largest share in the biofungicides market in 2021 and is expected to grow at a CAGR of 9.7% during the forecast period. Flexibility in use, long shelf life, and affordable prices have led to a high popularity of the wettable powder form in the market. Farmers can use wet powder as a direct sprayer on the ground, or it can be mixed with water to use as foliar spray. It can also be mixed with seeds before sowing, or it can be mixed with any liquid and sprayed over the soil from time to time. The pros of wettable biofungicides, which has led to a high popularity among the rest of form on the market for biofungicides.

Biofungicides Market Segment Analysis – By Crop Type

The fruits & vegetable segment held the significant share of 35% in global biofungicides market in 2021 and is expected to grow at a CAGR of 15.7% during the forecast period Increasing cereal & grain production as it is consumed as a global staple and the high profit associated with organic grain cultivation is expected to increase the use of biofungicides among the organic farming practitioners. The growing environment concerns with cultivation of organic fruits and vegetables due to growing awareness about the use of biofungicides coupled with long-term benefits of the organic product is predicted to fuel the growth of the biofungicides market in cereal & grain segment. In addition, the environmentally friendly and higher economies of several cereal & grains is expected to increase the use of biofungicide products for crop production.

Biofungicides Market Segment Analysis – By Geography

The North America region held the largest share more than 45% in the biofungicides market in 2021, owing to the presence of various players in the region. Shifting from conventional agriculture sustainable agriculture and the presence of key players in the North American region are factors expected to drive the market growth of biofungicides market. The North American region is one of the largest producers of organic fruit and vegetables. In addition, the increased use of adoption of integrated pest management (IPM) solution is expected to further the market growth of biofungicides market in the region. Moreover, strict rules and regulations regarding the use of chemicals that protect plants from harming the environment from harmful effects drive the regional market. Strong demand of bio-based materials for crop protection drives the biofungicide sales in regional markets. In addition, a strong focus on the use of plant-based fungicides to improve yields and pest resistance is expected to have a positive impact on North America market growth.

Asia Pacific region is projected to witness fastest growth rate in the upcoming years. Owing to governments support the use of natural agri-inputs even in this pandemic. They present a variety of strategies and subsidiaries to ensure increased acceptance of eco-friendly Agri-inputs. For example, in March 2020, the Reserve Bank of India (RBI) introduced a new rate, that is, crop loans and agricultural conditions were granted for three months by bank unions to reduce the interest rate on agriculture loans by 3%. 

Biofungicides Market Drivers

Increasing in Organic Farming Practices

Organic farming is increasingly being promoted as an alternative to conventional methods to reduce the overall impact on the environment. A promising path to sustainable agricultural growth is expected to benefit future growth of biofungicides with a strong demand for crop protection products. Countries, especially those with strong agricultural foundations such as India, Thailand, Netherlands, and Israel are slowly changing from green transition to evergreen transformation. Moreover, Growing demand for organically grown food is growing, not only because of increasing consumer demand, but also because of increased income to spend on foods, as well as advanced farming practices that make natural harvests more dynamic. According to APEDA(agriculture and processed food products export development authority, ) the total area under organic farming was surveyed to be 3,669,801.33 Hectare in 2020 and has increased to 4,339,184.94 Hectare in 2021. As a result, the growing demand for organic food has increased the area under organic farming, worldwide. The role of organic farming will be critical in promoting this change due to its natural friendliness, economy, producers, and features that are convenient for the consumer. In addition, rising consumer demand for food (organic food products) that do not contain synthetic pesticides is predicted to boost market growth. 

Adverse Effects of Synthetic Pesticides on Environment and Human Health

The use of synthetic pesticides has documented extensive and widespread damage to the environment. Therefore, a number of government agencies have banned or restricted the use of certain chemical ingredients to avoid harmful effects on the environment, human and animal health. The presence of synthetic fungicides in agricultural soils can cause adverse effects soil organisms, such as worms and microorganisms, and the important functions of these organic matter is responsible including biological degradation, nutrient depletion cycling. Therefore, any adverse effects caused by mold residues can have a lasting effect on the fertility and health of agricultural soils. Similarly, synthetic fungicide residue. Synthetic fungicide has the potential to cause adverse effects on structure of biodiversity and function of the aquatic environment. Many governments are highly supportive and provide funding to increase the organic farming practice use in order to reduce the environmental impact of pesticides. Strong emphasis on government and other stakeholders on organic and sustainable farming practices has increased the adoption of bio-based crop protection chemicals. For an instance, government of India has announced 425 per farmer to purchase organic inputs under Paramparagath Krishi Vikas yojana (PKVY) scheme. Growing concerns about the negative impact on use of chemical pesticides are expected to boost sales of sustainable solutions. This is one of the major factors making environmentally conscious farmers are shifting from synthetic pesticides to biofungicides over the foreseen period.

Biofungicides Market Challenges

High Cost Associated with Biofungide Products

The high cost and lower awareness of the biofungicide products are among major market challenges. According to International trade centre, the unit price traded for organic fungicides are approximately US$7.5 per KG whereas conventional fungicide is traded at US$3.5 per KG. Many farmers, especially in developing regions, are familiar with chemical-based agricultural products, and are unwilling to use organic fungicide products due to financial constraints. This continues to be a challenge for biofungicide suppliers over the years. Lower level of eco-friendly pesticides product acceptance, compared with chemical products in developing countries, is limiting the market growth. To add-on, the traditional and common agri-inputs market is well-established on a global scale with the bright presence of important bullies. However, the biofungicide sector is characterized by a number of complex startups with adequate funding, appropriate infrastructure, and market access. Research & development activities are performed by these nascent players and often feel the volatility of local demand that may delay market growth. 

Biofungicides Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the biofungicides market. Biofungicides market top 10 companies are:

  1. BASF SE
  2. Bayer AG
  3. Syngenta AG
  4. Marrone BioInnovations
  5. Koppert Biological Systems
  6. Certis USA LLC
  7. Valent Biosciences
  8. Novozymes A/S
  9. Biotech International Ltd
  10. Certis USA LLC
  11. Symborg S.L.

Recent Developments

  • In April 2020, Marlon launched a biofungicide named Pacesetter, for crops such as corn, soybeans and wheat. The active ingredient is Reynoutria extract, which works in combination with common fungicides to improve plant health. 
  • In August 2021, Syngenta AG has launched Taegro, a new biofungicide, aimed at protecting vines and horticultural plants from diseases, including powdery mildew and gray rot. The Product is extracted from Bacillus amyloliquefaciens species, a naturally occurring bacteria.
  • In March 2020, Bayer Crop Science, the world's leading seed producer and Life Science Company recently launched its first biofungicide, Serenade. Serenade contains QST713, a microorganism, which is a gram-positive rod-shaped bacterium that is widely distributed in various habitats. It boosts a strong resistance to stress, which is widespread over soils and plants.

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1. Biofungicides Market- Market Overview
    1.1 Definitions and Scope
2. Biofungicides Market - Executive Summary
    2.1 Key Trends by Form
    2.2 Key Trends by Type
    2.3 Key Trends by Mode of Application
    2.4 Key Trends by Species
    2.5 Key Trends by Crop Type
    2.6 Key Trends by Geography
3. Biofungicides Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Biofungicides Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Biofungicides Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Biofungicides Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Biofungicides Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Biofungicides Market – By Form (Market Size -$Million/Billion)
    8.1 Granules
    8.2 Wettable powder
    8.3 Aqueous Solution
9. Biofungicides Market – By Type (Market Size -$Million/Billion)
    9.1 Plant/Botanical
    9.2 Microbial
10. Biofungicides Market – By Mode of Application (Market Size -$Million/Billion)
    10.1 Soil treatment
    10.2 Seed treatment
    10.3 Foliar spray
    10.4 Root dipping
    10.5 Post-harvest application
    10.6 Irrigation
11. Biofungicides Market – By Species (Market Size -$Million/Billion)
    11.1 Bacillus
    11.2 Trichoderma
    11.3 Pseudomonas
    11.4 Streptomyces
    11.5 Other species
        11.5.1 Saccharomyces
        11.5.2 Aureobasidium
        11.5.3 Coniothyrium
12. Biofungicides Market – By Crop Type (Market Size -$Million/Billion)
    12.1 Fruits & vegetables
    12.2 Cereals & grains
    12.3 Oilseeds & pulses
    12.4 Other crops
        12.4.1 Flower crops
        12.4.2 Turf & ornamentals
13. Biofungicides Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Netherlands
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zeeland
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 UAE
            13.5.1.3 Israel
            13.5.1.4 Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 Rest of Africa
14. Biofungicides Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Biofungicides Market – Industry/Competition Segment Analysis Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key Application - Major companies
    15.6 Market Share by Key Product Type/Species category - Major companies
16. Biofungicides Market – Key Company List by Country Premium Premium
17. Biofungicides Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"

LIST OF TABLES

1.Global Biofungicides Market Analysis and Forecast, by Source Market 2019-2024 ($M)
2.Global Biofungicides Market Analysis and Forecast, by Formulation Market 2019-2024 ($M)
3.Global Competition Landscape Market 2019-2024 ($M)
3.1 Market Players:Competition Matrix Market 2019-2024 ($M) - Global Industry Research
3.2 Company-Product Mapping Market 2019-2024 ($M) - Global Industry Research
4.Global Biofungicides Market Analysis and Forecast, by Source Market 2019-2024 (Volume/Units)
5.Global Biofungicides Market Analysis and Forecast, by Formulation Market 2019-2024 (Volume/Units)
6.Global Competition Landscape Market 2019-2024 (Volume/Units)
6.1 Market Players:Competition Matrix Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Company-Product Mapping Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Biofungicides Market Analysis and Forecast, by Source Market 2019-2024 ($M)
8.North America Biofungicides Market Analysis and Forecast, by Formulation Market 2019-2024 ($M)
9.North America Competition Landscape Market 2019-2024 ($M)
9.1 Market Players:Competition Matrix Market 2019-2024 ($M) - Regional Industry Research
9.2 Company-Product Mapping Market 2019-2024 ($M) - Regional Industry Research
10.South America Biofungicides Market Analysis and Forecast, by Source Market 2019-2024 ($M)
11.South America Biofungicides Market Analysis and Forecast, by Formulation Market 2019-2024 ($M)
12.South America Competition Landscape Market 2019-2024 ($M)
12.1 Market Players:Competition Matrix Market 2019-2024 ($M) - Regional Industry Research
12.2 Company-Product Mapping Market 2019-2024 ($M) - Regional Industry Research
13.Europe Biofungicides Market Analysis and Forecast, by Source Market 2019-2024 ($M)
14.Europe Biofungicides Market Analysis and Forecast, by Formulation Market 2019-2024 ($M)
15.Europe Competition Landscape Market 2019-2024 ($M)
15.1 Market Players:Competition Matrix Market 2019-2024 ($M) - Regional Industry Research
15.2 Company-Product Mapping Market 2019-2024 ($M) - Regional Industry Research
16.APAC Biofungicides Market Analysis and Forecast, by Source Market 2019-2024 ($M)
17.APAC Biofungicides Market Analysis and Forecast, by Formulation Market 2019-2024 ($M)
18.APAC Competition Landscape Market 2019-2024 ($M)
18.1 Market Players:Competition Matrix Market 2019-2024 ($M) - Regional Industry Research
18.2 Company-Product Mapping Market 2019-2024 ($M) - Regional Industry Research
19.MENA Biofungicides Market Analysis and Forecast, by Source Market 2019-2024 ($M)
20.MENA Biofungicides Market Analysis and Forecast, by Formulation Market 2019-2024 ($M)
21.MENA Competition Landscape Market 2019-2024 ($M)
21.1 Market Players:Competition Matrix Market 2019-2024 ($M) - Regional Industry Research
21.2 Company-Product Mapping Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Biofungicides Market Revenue, 2019-2024 ($M)
2.Canada Biofungicides Market Revenue, 2019-2024 ($M)
3.Mexico Biofungicides Market Revenue, 2019-2024 ($M)
4.Brazil Biofungicides Market Revenue, 2019-2024 ($M)
5.Argentina Biofungicides Market Revenue, 2019-2024 ($M)
6.Peru Biofungicides Market Revenue, 2019-2024 ($M)
7.Colombia Biofungicides Market Revenue, 2019-2024 ($M)
8.Chile Biofungicides Market Revenue, 2019-2024 ($M)
9.Rest of South America Biofungicides Market Revenue, 2019-2024 ($M)
10.UK Biofungicides Market Revenue, 2019-2024 ($M)
11.Germany Biofungicides Market Revenue, 2019-2024 ($M)
12.France Biofungicides Market Revenue, 2019-2024 ($M)
13.Italy Biofungicides Market Revenue, 2019-2024 ($M)
14.Spain Biofungicides Market Revenue, 2019-2024 ($M)
15.Rest of Europe Biofungicides Market Revenue, 2019-2024 ($M)
16.China Biofungicides Market Revenue, 2019-2024 ($M)
17.India Biofungicides Market Revenue, 2019-2024 ($M)
18.Japan Biofungicides Market Revenue, 2019-2024 ($M)
19.South Korea Biofungicides Market Revenue, 2019-2024 ($M)
20.South Africa Biofungicides Market Revenue, 2019-2024 ($M)
21.North America Biofungicides By Application
22.South America Biofungicides By Application
23.Europe Biofungicides By Application
24.APAC Biofungicides By Application
25.MENA Biofungicides By Application