Biorational Fungicides Market size is anticipated to reach USD 20 billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of biorational fungicides was around USD 10 billion. The market for biorational fungicides has been growing steadily due to increasing awareness of environmental concerns and a shift towards sustainable agriculture practices. Farmers and growers are increasingly adopting these products to reduce their reliance on synthetic chemicals. The use of Biorational Fungicides is subject to regulations and approvals by governmental authorities in different countries to ensure their safety and efficacy.
Biorational Fungicides, also known as bio fungicides or biological fungicides, are products that contain naturally occurring microorganisms, such as beneficial bacteria, fungi, or biochemical substances, to suppress or control fungal pathogens in agriculture. These fungicides are often considered more environmentally friendly compared to traditional chemical fungicides because they are derived from natural sources or utilize mechanisms that are less harmful to non-target organisms and ecosystems.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
~8% |
|
Base Year Market Size (2023) |
~ USD 10 Billion |
|
Forecast Year Market Size (2036) |
~ USD 20 Billion |
|
Regional Scope |
|
Type (Agricultural, Horticultural)
The horticultural segment is estimated to gain the largest market share of 60% in the year 2036. A report highlights ongoing advancements in biorational fungicides, including innovative formulations and delivery systems optimized for horticultural applications. The horticultural segment of the Biorational Fungicides market is poised for substantial growth, driven by a combination of factors ranging from consumer preferences for safe produce to regulatory support and the need for sustainable disease management in a changing climate. As horticultural production continues to expand, biorational fungicides are emerging as a critical tool in ensuring crop health and quality while meeting the demands of both growers and consumers.
End User (Agriculture, Greenhouse, Gardening)
The gardening segment is expected to garner a significant share in the year 2036. The increasing number of individuals engaging in home gardening activities has fueled the demand for effective and environmentally friendly solutions to manage fungal diseases that can affect plants in gardens and landscapes. According to the National Gardening Association, the number of home gardeners in the United States increased by 12 million in 2020, reaching an estimated 63 million gardeners. This trend reflects a growing interest in gardening.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
End User |
|
APAC Market Forecast
The biorational fungicides market in the Asia Pacific region is projected to hold the largest market share of 38% by the end of 2036. Changing climate conditions are contributing to the emergence of new disease challenges. Biorational fungicides offer sustainable solutions to adapt to these evolving threats. According to the IPCC, the Asia Pacific region is susceptible to the impacts of climate change, including altered disease patterns in crops. The Asia Pacific Biorational Fungicides market is experiencing remarkable growth due to a confluence of factors, from regulatory support to the region's diverse agricultural landscape and the need for sustainable farming practices.
North American Market Statistics
The biorational fungicides market in the North America region is projected to hold the second-largest share during the forecast period. Consumers in North America are increasingly seeking organic products, including fruits and vegetables grown with minimal synthetic chemical inputs. Biorational fungicides align with organic farming principles, making them a vital tool for organic growers. According to the Organic Trade Association, the organic food market in North America reached USD 56 billion in sales in 2020.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?