| Product Code: ETC4600225 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India biofungicides market import shipment exhibited a robust growth trend from 2020 to 2024, with a notable CAGR of 16.6%. Momentum accelerated further between 2023 and 2024, showing a growth rate of 21.4%. The market expanded significantly, reflecting a strong and upward trajectory in demand for biofungicides.
The India biofungicides market has experienced significant growth as environmentally friendly and sustainable solutions for fungal disease management become more widely adopted in agriculture. Biofungicides are products containing beneficial microorganisms, such as fungi and bacteria, that can suppress fungal diseases in crops. India farmers are increasingly turning to biofungicides as a sustainable alternative to chemical fungicides to reduce the environmental impact of farming. Government initiatives and awareness campaigns promoting integrated pest management and sustainable farming practices have contributed to the growth of the India biofungicides market. The market offers a variety of biofungicide products tailored to different crops and fungal disease challenges.
The India Biofungicides market is experiencing robust growth driven by several key factors. One of the primary drivers is the increasing awareness of the harmful effects of chemical fungicides on human health and the environment. This awareness has led to a growing demand for eco-friendly and sustainable alternatives, such as biofungicides. Government policies and regulations that support the use of biofungicides are also contributing to market growth. Additionally, the adoption of organic farming practices and the emphasis on integrated disease management have created a substantial market for biofungicides. The availability of a diverse range of biofungicide products further propels market expansion.
The India biofungicides market confronts challenges associated with disease complexity and variability. Developing biofungicides that effectively combat a wide range of fungal diseases in diverse crop varieties can be demanding. Building a distribution network that reaches farmers in rural and remote areas is also a logistical challenge. Educating farmers about the proper timing and application of biofungicides and their advantages over chemical fungicides is essential for market growth.
The COVID-19 pandemic has had both positive and negative impacts on the biofungicides market in India. On the one hand, the increased awareness about health and food safety has driven demand for organic and natural farming practices. This has led to a surge in the adoption of biofungicides as an alternative to chemical fungicides. However, supply chain disruptions and labor shortages during lockdowns have posed challenges to the production and distribution of biofungicides. Market players have adapted by increasing their online presence and collaborating with e-commerce platforms to reach consumers. The long-term growth prospects for the biofungicides market in India remain promising as sustainable agriculture gains traction.
Prominent players in the India biofungicides market include Certis USA, Bioworks, Novozymes, and BASF.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Biofungicides Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Biofungicides Market Revenues & Volume, 2021 & 2031F |
3.3 India Biofungicides Market - Industry Life Cycle |
3.4 India Biofungicides Market - Porter's Five Forces |
3.5 India Biofungicides Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Biofungicides Market Revenues & Volume Share, By Mode of Application, 2021 & 2031F |
3.7 India Biofungicides Market Revenues & Volume Share, By Species, 2021 & 2031F |
4 India Biofungicides Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the harmful effects of chemical pesticides on the environment and human health |
4.2.2 Growing demand for organic food products and sustainable agricultural practices |
4.2.3 Government initiatives promoting the use of biofungicides in agriculture |
4.3 Market Restraints |
4.3.1 Limited availability of effective biofungicide products in the market |
4.3.2 High costs associated with biofungicides compared to chemical pesticides |
4.3.3 Lack of awareness and education among farmers about the benefits of using biofungicides |
5 India Biofungicides Market Trends |
6 India Biofungicides Market, By Types |
6.1 India Biofungicides Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Biofungicides Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Biofungicides Market Revenues & Volume, By Microbial species, 2021-2031F |
6.1.4 India Biofungicides Market Revenues & Volume, By Botanical, 2021-2031F |
6.2 India Biofungicides Market, By Mode of Application |
6.2.1 Overview and Analysis |
6.2.2 India Biofungicides Market Revenues & Volume, By Soil treatment, 2021-2031F |
6.2.3 India Biofungicides Market Revenues & Volume, By FoliarApplication, 2021-2031F |
6.2.4 India Biofungicides Market Revenues & Volume, By Seed treatment, 2021-2031F |
6.3 India Biofungicides Market, By Species |
6.3.1 Overview and Analysis |
6.3.2 India Biofungicides Market Revenues & Volume, By Bacillus, 2021-2031F |
6.3.3 India Biofungicides Market Revenues & Volume, By Trichoderma, 2021-2031F |
6.3.4 India Biofungicides Market Revenues & Volume, By Streptomyces, 2021-2031F |
6.3.5 India Biofungicides Market Revenues & Volume, By Pseudomonas, 2021-2031F |
7 India Biofungicides Market Import-Export Trade Statistics |
7.1 India Biofungicides Market Export to Major Countries |
7.2 India Biofungicides Market Imports from Major Countries |
8 India Biofungicides Market Key Performance Indicators |
8.1 Adoption rate of biofungicides among farmers |
8.2 Research and development investments in biofungicide technology |
8.3 Number of regulatory approvals for biofungicide products |
8.4 Farmer training programs on the use of biofungicides |
8.5 Percentage of agricultural land using biofungicides |
9 India Biofungicides Market - Opportunity Assessment |
9.1 India Biofungicides Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Biofungicides Market Opportunity Assessment, By Mode of Application, 2021 & 2031F |
9.3 India Biofungicides Market Opportunity Assessment, By Species, 2021 & 2031F |
10 India Biofungicides Market - Competitive Landscape |
10.1 India Biofungicides Market Revenue Share, By Companies, 2024 |
10.2 India Biofungicides Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |