Biofungicides Market Analysis

The biofungicides market is segmented by type, mode of application, species, crop type, and region. Among product type, the microbial species segmentis projected to be the fastest-growing in the market during the forecast period owing to the actions of microbial biofungicides, that are definite to target pests and do not damage beneficial microorganisms, which encourages the growth of the plant.Strains of microbial species are obtained from bacteria, fungi, and viruses, and species, such as Bacillus, Trichoderma, and Pseudomonas, are majorly used to derive the active components that are used as anti-fungal agents.

Amongst the mode of application, the soil treatment segment is leading the biofungicides market. The leading position is attributed to one of the key advantages of using biofungicides as a soil treatment that guarantees healthy seed germination by eradicating pathogenic fungal spores and mycelium that might be present in the soil. Besides, increasing occurrences of the soil-borne fungal pathogen have giventhe rise in demand for soil treatment mode of application.Trichoderma-based products are widely spread biofungicides across the sphere and have a bulk of products existing for treating soil and root zone diseases. 

Our in-depth analysis of the global market includes the following segments: