RECENT DEVELOPMENTS:
On January 2018: BASF receives EPA registrations and launches several formulations of New Velondis biofungicide.

MARKET OVERVIEW:
The global Biofungicides market is developing at a rapid pace. Global Biofungicides Market is worth USD xx million in 2018 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2023. Biofungicides refers to living organisms that are used to control the activity of plant pathogenic fungi and bacteria.

DRIVERS & RESTRAINTS OF THE MARKET:
• The determining factor is the presence of concerns due to the use of chemical or synthetic pesticides in crop protection on human, animal and environmental health.
• Various countries have adopted a strict approach to the volume of imports, with a focus on regulating the amount of pesticide residues, resulting in increased demand for the safety and quality of regulated foods.
• However, high costs and low availability are proving to be an obstacle in the biofungicide market.

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REPORT SEGMENTED AS:
Based on Application:
1. Crop-based
• Grains & Cereals
• Oilseeds
• Fruits & Vegetables
2. Non-crop based
• Turf& ornamental grass
• Others
Based on Product:
• Bio-pesticides
• Bio-fungicides

GEOGRAPHICAL SEGMENTATION:
Geographically, the Global Bio-fungicides Market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America dominates the global market followed by Europe. Latin America and Asia-Pacific regions are expected to record rapid growth over the forecast period.
KEY MARKET PLAYERS:
• Valent Biosciences Corporation
• Certis LLC
• Marrone Bio Innovations
• Agraquest
• Koppert Biological systems
• Bioworks Inc.
• Monsanto
• Novozymes biological
• International Panacea Ltd.
• Syngenta
• De Sangosse Ltd.

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THE SCOPE OF THE REPORT:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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