Biofungicides for Soil Treatment Market Projected to Reach CAGR of 16.30% Forecast by 2029
Data Bridge Market Research analyses that the biofungicides for soil treatment market will project a compound annual growth rate (CAGR) of 16.30% during the forecast period of 2022-2029.
Plant pathogenic fungus and bacteria are controlled with biofungicides, which are live organisms. It consists of fungus and bacteria that invade and attack plant pathogens, inhibiting disease transmission. These bacteria are present in soil naturally, offering them a greener alternative to conventional fungicides. In the cultivation of cereals, grains, fruits and vegetables, oilseeds and pulses, biofungicides are utilized as a pest management.
The increasing emphasis in integrated pest management will influence the revenue growth of biofungicides for soil treatment market. The rising preference for organic products to increase the adoption of biological products will accelerate the market’s growth. Rapid urbanization and increasing level of disposable income of people are the significant market drivers that will further flourish the growth rate. Furthermore, regulatory pressure and harmful effects linked with use of synthetic plant protectants will bolster the growth rate of biofungicides for soil treatment market. Other factors such as increasing awareness among farmers about negative effects of synthetic plant protection products will positively impact the growth rate of biofungicides for soil treatment market. Another significant factor includes rising government initiatives and growth of organic farming will act as a key trend that will further cushion the market’s growth rate.
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COMPETITIVE LANDSCAPE AND GLOBAL BIOFUNGICIDES FOR SOIL TREATMENT MARKET SHARE ANALYSIS
The biofungicides for soil treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biofungicides for soil treatment market.
Some of the major players operating in the biofungicides for soil treatment market are UPL Limited, NIPPON SODA CO., LTD., Bayer AG, BASF SE, Corteva, Inc., Syngenta, FMC Corporation, Sumitomo Chemical Co., Ltd., ADAMA, Nissan Chemical Corporation, Marrone Bio Innovations, Inc., Koppert, BioWorks Inc., SEIPASA, S.A., ISHIHARA SANGYO KAISHA, LTD., Novozymes A/S, Nufarm Canada, AgriLife, STK Bio-ag Technologies, and Verdesian Life Sciences, among others.
Scope of the Biofungicides for Soil Treatment Market Report:
The research examines the key players in the Global Biofungicides for Soil Treatment Market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and other factors. It also sheds light on the vendor landscape, helping players to foresee future competitive movements in the global Biofungicides for Soil Treatment business.
The biofungicides for soil treatment market is segmented on the basis of source, form, species and crop type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on source, the biofungicides for soil treatment market has been segmented into microbial species and botanical.
- Based on mode of form, the biofungicides for soil treatment market has been segmented into wettable powder, aqueous solution and granules.
- On the basis of species, the biofungicides for soil treatment market is segmented into bacillus, trichoderma, pseudomonas, streptomyces and others.
- The biofungicides for soil treatment market is also segmented on the basis of crop type into fruits and vegetables, cereals and grains, oilseeds and pulses and other.
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