Market Forecast
Global Biofungicides Market Share size is expected to cross USD 4 Billion by 2027 at a CAGR of 16% during the forecast period of 2020 to 2027. Fungicides of biological origin, such as microbial strains or other biologically active compounds, are referred to as biofungicides. The global Biofungicides Market Share is moderately fragmented and is expected to render profitable growth opportunities to the vendors active in the market. To exploit the lucrative growth opportunities in the global market, prominent biofungicides manufacturers are investing heavily in their R&D activities and launching new products in the market. For instance, in November 2018, Koppert Biological Systems launched a new product in the US and France markets. The new biofungicide is targeted at fungal diseases such as fruit rot, botrytis, monila rot, and grey mold.
Biofungicdes are formulations of living organisms that are used to control the activity of plant pathogenic fungi and bacteria. The concept of biofungicides is based upon observations of natural processes where beneficial microorganisms, usually isolated from soil, hinder the activity of plant pathogens
How Do Biofungicides Work?
· Biofungicides control other microorganisms in the four following ways:
Through direct competition, biofungicides grow a defensive barrier around the root system, or rhizosphere, thereby shielding the roots from harmful attacking fungi.
· Biofungicides also produce a chemical similar to an antibiotic, which is toxic to the invading pathogen. This process is called antibiosis.
· Additionally, biofungicides attack and feed on the harmful pathogen. The biofungicide has to be in the rhizosphere either before or at the same time as the pathogen. Predation by the biofungicide will not affect the harmful pathogen if introduces after it has infected the roots.
· Lastly, introducing a biofungicide kickstarts the plant’s own immune defense mechanisms, enabling it to successfully fight off the invading harmful pathogen.
Market USP
Rising resistance in fungal pathogens against synthetic fungicides
Growth Opportunities in the Market
Bacillus microbial fungicides segment to register the highest growth rate during the forecast period: Bacillus-based biofungicides are cheaper than Trichoderma and offer a longer shelf-life as compared to other microbial strains used as fungicides. Owing to this, an increasing number of farmers are opting for bacterial biofungicides such as Bacillus species. Hence, the Bacillus segment is expected to register the highest CAGR during the forecast period 2020–2026.
Technological advancements to render lucrative opportunities in seed treatment: Seed treatment is emerging as a major mode of application for Biofungicides Market Share. Rising awareness amongst the farmers regarding the need to treat seeds before sowing is boosting the adoption of seed treatment. Treated seeds germinate quickly with higher efficiency and show the reduced prevalence of biotic or abiotic stress. Manufacturers in North America and Europe are focusing on technological advancements and expanding their product portfolio by launching Biofungicides Market Share for seed treatment.
Key Players
- BASF SE (Germany)
- Bayer AG (Germany)
- Syngenta AG (Switzerland)
- FMC Corporation (US)
- Nufarm (Australia)
- Novozymes (Denmark)
- Marrone Bio Innovations (US)
- Koppert Biological Systems (Netherlands)
- Isagro S.P.A (Italy)
- Stanes & Company Limited (India)
- Valent Biosciences (US)
- Certis U.S.A (US)
- Andermatt Biocontrol AG (Switzerland)
- Lesaffre (France)
- Rizobacter (Argentina)
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The biofungicides market is a competitive landscape as opportunities for innovation remained high, and barriers to entry remained extremely low.
However, the upcoming 2018-2028 period remains most promising for the global biofungicides market as it is expected to register a robust 14% CAGR during 2019-2027.
The rising slow phase-out of harmful conventional fungicides, and increasing threats to crops remain the most promising drivers for growth of the biofungicides market.The market’s outlook also shifts towards being more global as countries worldwide adopt a more stringent attitude towards conventional fungicides.
The valuation of the market stood at a meagre US$220 million in 2018.
Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=67511Rising Demand for Residue-free Foods, and Organics to Drive GrowthOne of the most promising driver for growth in the biofungicides market remains spiked consumer interest in healthy and organics foods.
The demand for these remained lacklustre earlier as processed food enjoyed far more subsidies, and support from government entities in key regions.
Worldwide Biofungicides Market report gives by DBMR is the depiction of the Biofungicides Industry – thorough research, The worldwide Biofungicides market research report makes businesses powerful whether it is large, medium or small for thriving and succeeding in the market.
Competitive intelligence included in the report is a further very important aspect that assists businesses top the market.
The transparent, consistent and extensive market information of this industry analysis report will definitely develop the business and perks up return on investment (ROI).The term biofungicide refers to a fungicide containing the microorganism as an active ingredient and is used to control fungal pathogens in crops.
This report helps to gain an understanding of the current market dynamics and growth prospects and obtain in-depth analysis and market forecast for various products used as bio-fungicides.Request a Sample of Biofungicides Industry from @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-biofungicides-marketThe features or parameters covered in this report help to take the business towards the development and success.
Biofungicides market report studies and evaluates market drivers, market restraints, challenges, opportunities and key developments in the market.Market Segmentation:By Source (Microbial Species and Botanical), Form (Wettable powder, Aqueous Solution and Granules), Species (Bacillus, Trichoderma, Pseudomonas, Streptomyces, Others), Application (Foliar Spray, Soil treatment, Seed Treatment, Other), Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses and Other),The various segments of Biofungicides Market by Leading Players are BASF SE, Bayer AG, Corteva, Inc., Syngenta AG, FMC Corporation, UPL Ltd., Sumitomo Chemical Co., Ltd., Nippon Soda Co. Ltd., ADAMA Agricultural Solutions Ltd., Nissan Chemical Corporation, Marrone Bio Innovations.Additionally, the report has various advantages due to deeply analyses significant features in major developing markets.
The analysis includes Biofungicides market size, latest trends, drivers, opportunities, as well as key market segments.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
