Middle East and Africa Biofungicides Market is worth USD xx million in 2021 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2026. The Middle East and Africa Biofungicides market is developing at an exceptionally quick pace.
Biofungicides refers to living organisms that are used to control the activity of plant pathogenic fungi and bacteria. The idea of biofungicides is based upon observations of natural processes where beneficial microorganisms, usually isolated from soil, hinder the activity of plant pathogens. These microorganisms produce a wide range of antibiotic substances and parasitize other fungi, etc.
Middle East and Africa Biofungicides Market Drivers:
The significant driver is the presence of human, animal and environmental health concerns prevalent due to use of chemical or synthetic pesticides in crop protection. Various countries are adopting a stringent approach concerning the amount of imports, with focus on regulating the quantity of pesticide residues which has resulted in increased demand for regulated food safety and quality. High costs and low availability are proving to be a barrier in the Biofungicides market.
Middle East and Africa Biofungicides Market – By Application:
crop based
Middle East and Africa Biofungicides Market – By Product:
Geographical Analysis:
Geographically, market is further segmented into Middle East and Africa. Middle East and Africa has an untapped market and key players are slowly expanding to this region which is the main reason for the growth of market in this region.
Key Players:
Valent Biosciences, Certis LLc,Marrone Bio innovations, Agraquest, and Koppert Biological systems., are the leaders in the Middle East and Africa Biofungicides market.
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