Biorational Fungicides Market Size

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.