Global Biofungicides Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Biofungicides industry revenue is expected to be around $1.5 billion in 2025 and expected to showcase growth with 13.8% CAGR between 2025 and 2034. The increasing popularity of Biofungicides in years highlights their growing importance and trustworthiness within the agriculture sector. These positive developments are mainly due to farmers becoming more conscious of the consequences associated with synthetic pesticides. Additionally stricter regulations imposed by governments against agrochemicals and a rising desire for organic products are also driving this trend. Furthermore the progress, in studies is leading to the creation of new, powerful and environmentally friendly Biofungicides that effectively manage various plant diseases.
Biofungicides are made from elements like bacteria and fungi and offer an environmentally friendly method for managing plant diseases. They are designed to combat pathogens by either stunting their growth or eliminating them altogether. Common uses include treating soil and seeds in crops such, as fruits and vegetables, cereals and grains and oil rich seeds and pulses. Lately the rising interest in eco agriculture practices and the increasing demand for organic food products have been driving the need, for biofungicides.
Market Key Insights
The Biofungicides market is projected to grow from $1.3 billion in 2024 to $4.8 billion in 2034. This represents a CAGR of 13.8%, reflecting rising demand across Agriculture, Horticulture, and Turf & Ornamental.
BASF SE, Bayer AG, and Certis USA are among the leading players in this market, shaping its competitive landscape.
U.S. and Brazil are the top markets within the Biofungicides market and are expected to observe the growth CAGR of 12.4% to 16.6% between 2024 and 2030.
Emerging markets including Indonesia, Nigeria and Indonesia are expected to observe highest growth with CAGR ranging between 9.7% to 14.5%.
Transition like Advancements in Biotechnology is expected to add $407 million to the Biofungicides market growth by 2030
.The Biofungicides market is set to add $3.5 billion between 2024 and 2034, with manufacturer targeting Non-Crop-Based Agriculture & Turf & Ornamental Application projected to gain a larger market share.
With Advancements in biocontrol technologies, and rising Demand for Organic Produce, Biofungicides market to expand 264% between 2024 and 2034.
Opportunities in the Biofungicides
Growth Opportunities in North America and Asia Pacific
Market Dynamics and Supply Chain
Driver: Advancements in Biocontrol Technologies, and Stringent Regulatory Compliance
Restraint: Regulatory Hurdles
Opportunity: Untapped Market Segments and Technological Advancements in Biofungicides
Challenge: Limited Shelf Life
Supply Chain Landscape
Raw Material Procurement
Production
Distribution & Marketing
End User
Raw Material Procurement
Production
Distribution & Marketing
End User
Use Cases of Biofungicides in Agriculture & Turf & Ornamental
Recent Developments
Biofungicides, a natural alternative to synthetic chemical fungicides, continue to gain traction in modern agriculture due to their environmental sustainability and effectiveness in crop disease management. The global market for biofungicides reveals an upward trend, propelled by a strategic shift towards sustainable agricultural practices. Key market dynamics driving recent developments regarding biofungicides encompass market penetration, innovative research and technological advancements.