US Bio fungicides Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.96 Billion |
| Market Size (2029) | USD 1.52 Billion |
| CAGR (2024 - 2029) | 9.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Bio fungicides Market Analysis
The US Biofungicide Market size is estimated at USD 0.96 billion in 2024, and is expected to reach USD 1.52 billion by 2029, growing at a CAGR of 9.5% during the forecast period (2024-2029).
- Among the crop types, fruits and vegetables accounted for a significant share of 55%, followed by turf and ornamental with 15.2%, in 2019.
- The need to feed an ever-growing population, coupled with an increasing demand for sustainable agricultural practices, is anticipated to drive the market's growth. Food safety is a primary concern for American consumers. Therefore, it is vital for both producers and retailers.
US Bio fungicides Market Trends
This section covers the major market trends shaping the US Biofungicide Market according to our research experts:
Fruits and Vegetables Fastest Market Growing Segment
In the United States, biofungicides are mostly adopted in the integrated pest management programs, particularly formulated for fruits and vegetables. Furthermore, the government is promoting the application of bio fungicides. To increase the application of bio fungicides in the agriculture and horticulture industries, companies, like Ag Biome, are receiving registrations for their products from EPA. For instance, in 2018, AgBiome and Sipcam announced a joint development project that would focus on innovative combination products for specific crop markets in the United States. The company also received approval for Zio in turf and ornamentals in the country during 2017.
Challenges in Grains and Cereals
The high value of seed germplasm led to greater use of seed treatments, including bio-controls, to protect the developing seedling in the country. The grains and cereals sub-segment of the market studied occupied only 15.4% of the market share, despite having the most significant area among all crop types. Despite a few challenges, the segment is expected to witness a CAGR of 12.9% during the forecast period. In this segment, rice, corn, and wheat are the major crops, which account for a high market share. The US government is promoting the use of bio fungicides, especially for cereals. However, they are not used widely due to low awareness and high prices.
US Bio fungicides Industry Overview
The US bio-fungicide market is fragmented, with major companies accounting for just 36% of the market share, and almost 64% of the biocontrol companies being held by other private enterprises. Product differentiation, through the development of new products, is one of the prominent strategies applied for further intensification in the matured markets.
US Bio fungicides Market Leaders
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Certis USA LLC
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Syngenta AG
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Marrone Bio Innovations
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Valent BioSciences LLC
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Isagro USA
*Disclaimer: Major Players sorted in no particular order
US Bio fungicides Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Crop Type
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5.1.1 Grains and Cereals
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5.1.2 Oilseeds
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5.1.3 Commercial Crops
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5.1.4 Fruits and Vegetables
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5.1.5 Turf and Ornamentals
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 BioWorks Inc.
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6.3.2 Marrone Bio Innovations
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6.3.3 Certis USA LLC
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6.3.4 Isagro USA
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6.3.5 Novozyme Biologicals
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6.3.6 Valent BioSciences LLC
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6.3.7 Syngenta AG
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6.3.8 De Sangosse Ltd
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
US Bio fungicides Industry Segmentation
The report provides an in-depth analysis of various parameters of the US bio fungicide market. The market has been segmented on the basis of crop type.
| Crop Type | |
| Grains and Cereals | |
| Oilseeds | |
| Commercial Crops | |
| Fruits and Vegetables | |
| Turf and Ornamentals |
US Bio fungicides Market Research FAQs
How big is the US Biofungicide Market?
The US Biofungicide Market size is expected to reach USD 0.96 billion in 2024 and grow at a CAGR of 9.5% to reach USD 1.52 billion by 2029.
What is the current US Biofungicide Market size?
In 2024, the US Biofungicide Market size is expected to reach USD 0.96 billion.
Who are the key players in US Biofungicide Market?
Certis USA LLC, Syngenta AG, Marrone Bio Innovations, Valent BioSciences LLC and Isagro USA are the major companies operating in the US Biofungicide Market.
What years does this US Biofungicide Market cover, and what was the market size in 2023?
In 2023, the US Biofungicide Market size was estimated at USD 0.88 billion. The report covers the US Biofungicide Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US Biofungicide Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Bio-Fungicides Industry Report
Statistics for the 2024 US Bio-Fungicides market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. US Bio-Fungicides analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
