Global Biorational Fungicides Market Size, Share, Opportunities, And Trends By Fungicide Type (Microbial, Botanical, Biochemical), By Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Others), By Mode Of Action (Contact Fungicides, Systematic Fungicides), And By Geography - Forecasts From 2024 To 2029

Fungicides are products that assist in the protection of plant and crop life in agriculture. A fungicide is a type of pesticide that allows the control of fungal diseases by specifically inhibiting or killing the fungus that causes diseases on plants and crops in the fields. Biorational fungicides, also known as biofungicides, are products that contain naturally occurring microorganisms, which include fungi, bacteria, and other biochemical substances, that control and suppress fungal pathogens.        

Introduction:

The global biorational fungicides market is expected to witness significant growth during the forecasted period of 2024-2029, due to factors such as the growing agricultural sectors and increasing government support in the adoption of organic farming practices, which include the use of biorational fungicides.

Market Drivers:

• Growing agriculture sector and government support: The growth of the biorational fungicides is highly dependent on the increasing growth of the agriculture sector, which is further influenced by the increasing demand for organic products in the global market, and the increase in support by governments. The increase in the growth of demand for organic products drives the growth of adoption of biopesticides and fertilizers in agricultural practices, which further drives the biorational fungicides market growth during the forecast period. Agriculture also accounts for the growth in the economic stability of the world. The World Bank states that agriculture accounts for 4% of the global GDP. It has also been stated that agricultural development will help boost shared prosperity and end extreme poverty, and will be able to feed an expected 10 billion people by 2050. The increasing growth of the agricultural sector coupled with organic farming practices will help the global biorational fungicide market growth. Another factor that helps in the market growth is the support provided by the government towards the promotion of the usage of biopesticides and fertilizers. For instance, the Central Insecticide Board & Registration Committee had formulated simplified guidelines for the registration of biopesticides as compared to chemical pesticides, which allowed the applicants to commercialize the biopesticide products. The Indian government aims for sustainable agricultural production with eco-friendly processes in tune with nature, which promotes organic inputs and chemical-free agricultural products, which further improves the health condition of the people.  With the increasing agricultural production and the increasing support from the government, the biorational fungicide market is expected to witness a significant increase in growth during the forecasted period.

Key Players:

• Bayer AG: A global leader known for the production and development of several agricultural products using their cutting-edge biotechnology, aiming to help people and the planet through their wide range of products and services.
• Corteva Agriscience: An American company known for the production of agricultural chemicals and seeds, and for the production of various fungicides that contain natural microorganisms, such as fungi, beneficial bacteria, or biochemical substances, to control or suppress fungal pathogens in agriculture.

Regional Analysis:

The Asia Pacific is expected to witness significant growth in the biorational fungicide market during the forecasted period of 2024-2029. The major factors that play a role in the market growth are the large agricultural sector and the increasing demand for organic products in the market. The Asia Pacific is known to have the largest population in comparison to the other regions, which further influences the increase in demand for food in the region. This also gives rise to the increasing need for organic food products in the market. The use of biorational fungicides is linked to the increase in demand for organic products since organic products are those products that have been produced from crops that have been cultivated using biorational fungicides and other organic farming products. India and China are expected to witness the highest growth rate in the region, due to the large population size, which propels the demand for organic food products. The Ministry of Agriculture & Farmers Welfare states that the Indian organic food market is expected to increase in growth with a CAGR of 25.25% during 2022-2027. It was also stated that the export value of organic products during 2021-22 accounted for an estimated 460,320 MT in quantity, which accounts for a valuation of an estimated Rs. 5,249.32 crore.  The country also has a certification system for organic products, ensuring that the products have followed organic farming practices, which include the use of biofungicides. The certification systems include Third Party Certification by the Accredited Certification Agency under the National Programme for Organic Production (NPOP) under the Ministry of Commerce and Industry for the development of the export market, and the Participatory Guarantee System (PGS-India) under the Ministry of Agriculture and Farmers Welfare for meeting the demand of the domestic market. Therefore, the relevance of the organic products market and the increasing government support drive the biorational fungicides market growth during the forecasted period.

Market Developments:

• November 2023: Certis Belchim and Novozymes announced the partnership for the production of their new biorational fungicide that was able to control or suppress a broad range of soil-borne and foliar diseases across a wide variety of fruits, ornamental crops, and vegetables. This product is based on a new and unique naturally occurring species of microorganisms that are flexible and easy to use and have multiple modes of action, making it an important tool for resistance management.
• November 2021: Biotalys announced the release of their first biocontrol product dubbed Evoca. This product serves as an excellent tool for growers and addresses the food protection challenges with protein-based biocontrol solutions during 2021. This product is a protein-based biofungicide that has been tested through independent efficacy field trials by several highly reputed public institutions, ensuring the quality and efficacy of the product.

Segmentation:

• By Fungicide Type:
  • Microbial
  • Botanical
  • Biochemical
• By Application:
  • Fruits and Vegetables
  • Cereals and Grains
  • Oilseeds and Pulses
  • Others
• By Mode Of Action:
  • Contact Fungicides
  • Systematic Fungicides
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL BIORATIONAL FUNGICIDES MARKET BY FUNGICIDE TYPE

5.1. Introduction

5.2. Microbial

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Botanical

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Biochemical

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

6. GLOBAL BIORATIONAL FUNGICIDES MARKET BY APPLICATION

6.1. Introduction

6.2. Fruits and Vegetables

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Cereals and Grains

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Oilseeds and Pulses

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Others

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

7. GLOBAL BIORATIONAL FUNGICIDES MARKET BY MODE OF ACTION

7.1. Introduction

7.2. Contact Fungicides

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Systematic Fungicides

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

8. GLOBAL BIORATIONAL FUNGICIDES MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Material

8.2.2. By Application

8.2.3. By Product Type

8.2.4. By Country

8.2.4.1. United States

8.2.4.1.1. Market Trends and Opportunities

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Trends and Opportunities

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Trends and Opportunities

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. By Material

8.3.2. By Application

8.3.3. By Product Type

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.1.1. Market Trends and Opportunities

8.3.4.1.2. Growth Prospects

8.3.4.2. Argentina

8.3.4.2.1. Market Trends and Opportunities

8.3.4.2.2. Growth Prospects

8.3.4.3. Others

8.3.4.3.1. Market Trends and Opportunities

8.3.4.3.2. Growth Prospects

8.4. Europe

8.4.1. By Material

8.4.2. By Application

8.4.3. By Product Type

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.1.1. Market Trends and Opportunities

8.4.4.1.2. Growth Prospects

8.4.4.2. Germany

8.4.4.2.1. Market Trends and Opportunities

8.4.4.2.2. Growth Prospects

8.4.4.3. France

8.4.4.3.1. Market Trends and Opportunities

8.4.4.3.2. Growth Prospects

8.4.4.4. Italy

8.4.4.4.1. Market Trends and Opportunities

8.4.4.4.2. Growth Prospects

8.4.4.5. Spain

8.4.4.5.1. Market Trends and Opportunities

8.4.4.5.2. Growth Prospects

8.4.4.6. Others

8.4.4.6.1. Market Trends and Opportunities

8.4.4.6.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Material

8.5.2. By Application

8.5.3. By Product Type

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.1.1. Market Trends and Opportunities

8.5.4.1.2. Growth Prospects

8.5.4.2. UAE

8.5.4.2.1. Market Trends and Opportunities

8.5.4.2.2. Growth Prospects

8.5.4.3. Others

8.5.4.3.1. Market Trends and Opportunities

8.5.4.3.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Material

8.6.2. By Application

8.6.3. By Product Type

8.6.4. By Country

8.6.4.1. Japan

8.6.4.1.1. Market Trends and Opportunities

8.6.4.1.2. Growth Prospects

8.6.4.2. China

8.6.4.2.1. Market Trends and Opportunities

8.6.4.2.2. Growth Prospects

8.6.4.3. India

8.6.4.3.1. Market Trends and Opportunities

8.6.4.3.2. Growth Prospects

8.6.4.4. South Korea

8.6.4.4.1. Market Trends and Opportunities

8.6.4.4.2. Growth Prospects

8.6.4.5. Taiwan

8.6.4.5.1. Market Trends and Opportunities

8.6.4.5.2. Growth Prospects

8.6.4.6. Thailand

8.6.4.6.1. Market Trends and Opportunities

8.6.4.6.2. Growth Prospects

8.6.4.7. Indonesia

8.6.4.7.1. Market Trends and Opportunities

8.6.4.7.2. Growth Prospects

8.6.4.8. Others

8.6.4.8.1. Market Trends and Opportunities

8.6.4.8.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Bayer AG

10.2. BASF SE

10.3. Syngenta

10.4. FMC Corporation

10.5. Corteva Agriscience

10.6. Sumitomo Chemical

10.7. Valent Biosciences

10.8. Koppert 

10.9. Certis USA L.L.C.

Bayer AG

BASF SE

Syngenta

FMC Corporation

Corteva Agriscience

Sumitomo Chemical

Valent Biosciences

Koppert 

Certis USA L.L.C.