Biofungicides Market is Projected to Expand at a CAGR of more than 14% from 2019 to 2027
Biofungicides Market: Key Highlights In terms of value, the global biofungicides market is projected to expand at a CAGR of more than 14% from 2019 to 2027, according to a new research report titled, ‘ Biofungicides Market – Global Industry Analysis, Value, Share, Growth, Trends, and Forecast, 2019–2027 ’. In terms of value, the global biofungicides market is expected to reach a value of more than US$ 730 Mn by 2027. The biofungicides market is driven by the rise in the demand for bio-based products across the globe. North America held a significant share of the global biofungicides market in 2018. Furthermore, the biofungicides market in Asia Pacific is estimated to expand at a CAGR of more than 14% during the forecast period, owing to the increase in the demand for efficient agrochemicals the region. Based on source, the microbial segment accounted for a key share of the global biofungicides market in 2018. Cereals & grains is estimated to be a prominent applicati...