The rise in demand for organic fruits and vegetables globally has increased the demand for biofungicides market. 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.
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.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The biofungicides market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the biofungicides market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the biofungicides market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The report presents in-depth insights into each of the leading biofungicides end user verticals along with annual forecasts to 2027. The report provides revenue forecast with sales, and sales growth rate of the global biofungicides market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.
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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Top 10 leading companies in the global biofungicides market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and biofungicides products and services. The key players operating in the global biofungicides industry include BASF SE, Bayer AG, Syngenta AG, FMC Corporation, Nufarm, Novozymes, Marrone Bio Innovations, Koppert Biological Systems.
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
Highlights of the Report:
- Competitive landscape of the biofungicides market.
- Revenue generated by each segment of the biofungicides market by 2027.
- Factors expected to drive and create new opportunities in the biofungicides industry.
- Strategies to gain sustainable growth of the market.
- Region that would create lucrative business opportunities during the forecast period.
- Top impacting factors of the biofungicides market.
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