North American biofungicides market size is expected to reach USD 0.94 billion in 2023 and is anticipated to reach USD 0.99 billion in 2024 from USD 1.62 billion by 2032, growing at a CAGR of 6.27% from 2024 to 2032. The North America biofungicides market is developing at an exceptionally quick pace.
Biofungicides refer 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.
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.
The North American market has been geographically segmented into segmented into
The USA has the highest demand, followed by Canada and Mexico. The North America region is largely driven by industrial concerns.
Valent Biosciences, Certis LLc, Marrone Bio Innovations, Agraquest, and Koppert Biological Systems., are the leaders in the North America biofungicides market.
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