The bio fungicides market is poised for significant growth, with projections indicating a valuation of USD 10.0 billion by 2033, boasting a robust compound annual growth rate (CAGR) of 15.8% from 2023 onwards. Microbial bio fungicides emerge as the dominant type, capturing a substantial 74.6% market share in 2023, showcasing their efficacy in safeguarding plant health. Among preferred formulations, powder bio fungicides take the lead with a commanding 48.6% market share in 2023, owing to their convenience in storage and application.
Soil treatment bio fungicides emerged as the primary choice, commanding 45.7% of the market in 2023, underlining the importance placed on soil health for optimal crop growth. In terms of crop segments, fruits and vegetables take precedence, claiming a significant 42.1% market share in 2023, ensuring high-quality produce. Regionally, North America emerges as the frontrunner with a commanding 42.5% market share in 2023, fueled by a commitment to sustainability and innovation.
Below Are the Top 15 Biofungicides Companies:
- BASF SE
- Bayer AG
- Syngenta AG
- FMC Corporation
- Nufarm
- Novozymes
- Isagro S.P.A
- T. Stanes & Company Limited
- UPL Ltd
- Bioworks Inc.
- The Stockton Group
- Corteva Agriscience
- Koppert Biological Systems Inc.
- Marrone Bio Innovations Inc.
- Seipasa SA
BASF SE
BASF SE is a globally leading chemical company headquartered in Ludwigshafen, Germany. Established in 1865, BASF stands for Badische Anilin- und Soda-Fabrik. Over the years, it has evolved from a small chemical manufacturer into one of the world’s largest chemical conglomerates. The company operates across a broad spectrum of sectors, providing a vast range of products and services. Its portfolio includes chemicals, materials, industrial solutions, surface technologies, nutrition and care products, and agricultural solutions.
Marrone Bio Innovations Inc.
Marrone Bio Innovations Inc. (MBI) is a leading provider of bio-based pest management and plant health products for agricultural and water markets. Established in 2006 and headquartered in Davis, California, MBI has emerged as a pioneer in the field of sustainable agriculture, offering innovative solutions derived from naturally occurring microorganisms and plant extracts.
MBI’s product portfolio includes biopesticides, biostimulants, and soil health solutions designed to improve crop yields, quality, and resilience while minimizing environmental impact. These products leverage the power of beneficial microorganisms, such as bacteria and fungi, to control pests and diseases, enhance nutrient uptake, and promote overall plant health.
Industry: Agricultural Technology – Biological Crop Protection
Headquarters: Davis, California, United States
Founded: 2006
CEO: Pamela Marrone (as of April 2024)
Website: https://marronebio.com/
Products: Biopesticides, Biostimulants
Seipasa SA
Seipasa SA is a global leader in the development and commercialization of botanical-based solutions for crop protection, biostimulation, and nutrition in agriculture. Founded in 1997 and headquartered in L’Alcúdia, Spain, Seipasa has established itself as a pioneering company in the field of natural and sustainable agriculture.
The company’s product portfolio includes a wide range of biopesticides, bio fungicides, biostimulants, and fertilizers derived from botanical extracts and essential oils. These products are formulated to enhance crop health, resilience, and productivity while minimizing the environmental impact of agricultural practices.
Seipasa’s flagship products include biopesticides such as Pirecris®, a botanical insecticide derived from chrysanthemum flowers, and Fungisei®, a biofungicide made from plant extracts that effectively controls fungal diseases in crops. The company also offers biostimulants like Seican® and Seiland®, which promote plant growth, root development, and stress tolerance through natural mechanisms.
Industry: Biotechnology applied to Agriculture
Headquarters: L’Alcúdia and Tardienta, Spain (two locations)
Founded: 1981
CEO: Pedro Peleato (as of April 2024)
Website: https://www.seipasa.com/en/
Conclusion
In conclusion, the biofungicides market is poised for significant growth in the coming years, driven by increasing awareness and demand for sustainable agricultural practices. With concerns over chemical residues, environmental impact, and the development of resistance to synthetic fungicides, biofungicides offer a promising alternative for crop protection.
Microbial biofungicides, favored for their effectiveness in plant protection, are expected to continue dominating the market, supported by ongoing research and development efforts to enhance their efficacy and application methods. Additionally, powder formulations are likely to maintain their lead due to their ease of storage and application, while soil treatment biofungicides will remain crucial for promoting soil health and crop growth.