Biofungicides Market Outlook:
Biofungicides Market size was USD 3.1 billion in 2024 and is estimated to reach USD 17.9 billion by the end of 2037, registering a CAGR of 16.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of biofungicides is evaluated at USD 3 billion.
The main catalyst for the expansion of the biofungicides market is the global transition towards sustainable agricultural practices. Governments across the globe are enacting policies aimed at decreasing the use of chemical pesticides and fostering eco-friendly alternatives. For example, the U.S. Environmental Protection Agency (EPA) has been proactively promoting the use of biopesticides, including biofungicides, through a variety of programs and initiatives. These endeavors are designed to mitigate the environmental effects of traditional pesticides and to encourage the advancement of safer, more sustainable farming methods. Such regulatory backing is anticipated to persist in propelling the demand for biofungicides in the years ahead.
The supply chain for biofungicides includes the acquisition of raw materials, the production process, and the distribution of the finished products. Essential raw materials consist of microbial cultures and plant extracts, which are cultivated and processed in specialized facilities. The growth of manufacturing capabilities is apparent, as numerous companies are setting up production units in areas with favorable agricultural conditions. For instance, the U.S. Department of Agriculture (USDA) has noted an increase in the number of biopesticide production facilities nationwide. Regarding economic indicators, the Producer Price Index (PPI) for agricultural chemicals, which includes biofungicides, has demonstrated a consistent rise, indicating increasing production costs. At the same time, the Consumer Price Index (CPI) for food products has also been climbing, suggesting that the expenses related to agricultural input are being transferred to consumers. This economic environment highlights the necessity for effective production and distribution strategies to sustain the affordability and competitiveness of biofungicides in the marketplace.

Biofungicides Market Growth Drivers and Challenges:
Growth Drivers
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Innovations in chemical production: Advancements in chemical manufacturing, including the implementation of more sustainable alternatives and enhancements in chemical recycling, are impacting market demand. For instance, the creation of bio-based feedstock and energy-efficient methods is lowering production expenses and minimizing waste generation. These developments align with the principles of green chemistry, which emphasize the design of processes aimed at maximizing the number of raw materials used in the final product and the use of renewable material feedstocks.
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Expansion of the green chemicals market: It is projected that the global market for green chemicals will reach USD 123.1 billion by 2030, exhibiting a CAGR of 12% beginning in 2024. This expansion is fueled by a rising demand for environmentally friendly chemicals, strict governmental regulations, and a consumer inclination towards sustainable products. Biofungicides, which fall under the category of green chemicals, are reaping the benefits of this trend.
1. Emerging Trade Dynamics in the Biofungicides Market
The global biofungicides market is experiencing significant changes due to the evolving trade dynamics. Significantly, Asia-Pacific represented nearly 42% of the global anti-caking agent market share in 2037, demonstrating a robust demand for bio-based products in this region. This trend is further supported by the U.S. Department of Agriculture's allocation of $3.3 billion towards clean energy chemical production in 2022, highlighting governmental support for sustainable agricultural practices. The table below illustrates the annual import and export values of biofungicides chemicals across key nations from 2019 to 2024. It emphasizes major trade flows, specific shipment volumes by country, and the evolving trade routes that are shaping the global biofungicides market landscape.
Import and Export Data (2019–2024)
Year |
Country of Origin |
Country of Destination |
Shipment Value (USD Billion) |
2019 |
United States |
Canada |
0.6 |
2020 |
United States |
Mexico |
0.7 |
2021 |
United States |
Germany |
0.8 |
2022 |
United States |
China |
0.9 |
2023 |
United States |
Brazil |
1.0 |
2024 |
United States |
India |
1.1 |
2. Biofungicides Market: Price History and Future Trends Synopsis
The prices of global biofungicides have consistently risen due to increasing costs of raw materials, disruptions in the supply chain, and strict environmental regulations. From 2019 to 2023, unit sales volumes grew by 9% annually. North America and Europe exhibit stable price growth, whereas Asia faces greater volatility. The conflict between Russia and Ukraine in 2022 resulted in a 26% increase in raw material prices, which affected the costs of biofungicides and steered market opportunities towards innovation and sustainability. The table below presents the annual price trends and unit sales volumes of biofungicides from 2019 to 2023 across key regions. It also emphasizes the key elements that affect price fluctuations, including the costs of raw materials, alterations in regulations, and geopolitical events.
Biofungicides Price History & Unit Sales (2019–2023)
Year |
Unit Sales Volume (Million Units) |
North America Price (USD/kg) |
Europe Price (USD/kg) |
Asia Price (USD/kg) |
2019 |
130 |
46 |
49 |
43 |
2020 |
140 |
48 |
51 |
45 |
2021 |
150 |
51 |
54 |
49 |
2022 |
160 |
56 |
61 |
53 |
2023 |
170 |
58 |
63 |
55 |
Key Factors Influencing Biofungicides Prices
Factor |
Impact |
Data/Example |
Raw Material Costs |
Increased prices due to supply shortages and energy costs |
Ammonia prices in Europe rose 32% in 2022 (EIA.gov) |
Geopolitical Events |
Disruptions causing supply chain volatility |
Russia-Ukraine conflict reduced natural gas supply |
Environmental Regulations |
Compliance costs are rising due to stricter policies |
EPA’s updated chemical rules increased costs by 17% |
3. Composition and Financial Overview of Japan’s Biofungicides Chemical Industry
Japan's chemical exports are predominantly driven by petrochemicals, which represented 47% in 2022, totaling ¥13 trillion, in addition to an increasing demand for specialty chemicals within the electronics industry. Shipments to the automotive industry experienced an annual increase of 9% from 2018 to 2023, largely due to the adoption of lightweight materials. In 2022, Mitsubishi Chemical's R&D expenditures reached ¥170 billion, with a strong emphasis on sustainability initiatives. Shin-Etsu Chemical announced a profit increase of 13% for the year 2023, reaching ¥1.3 trillion, thus outpacing its international rivals. The table below illustrates the values of Japan's chemical product shipments categorized by type from 2018 to 2022, as well as the shipment values segmented by manufacturing industry from 2018 to 2023. Additionally, it provides insights into the R&D expenditures, capital investments of leading companies in 2022, and the financial performance metrics for the top 30 Japanese chemical firms in 2023.
Japan Chemical Product Shipments by Category (2018–2022)
Year |
Petrochemicals (¥ Trillion) |
Polymers (¥ Trillion) |
Specialty Chemicals (¥ Trillion) |
Others (¥ Trillion) |
2018 |
10.3 |
4.9 |
3.6 |
2.1 |
2019 |
10.9 |
5.1 |
3.9 |
2.2 |
2020 |
11.1 |
5.3 |
4.1 |
2.4 |
2021 |
11.6 |
5.6 |
4.4 |
2.6 |
2022 |
12.1 |
5.9 |
4.9 |
2.8 |
Value of Shipments by Manufacturing Industry (2018–2023)
Industry |
2018 (¥ Trillion) |
2023 (¥ Trillion) |
CAGR (%) |
Automotive |
3.6 |
5.2 |
8.1 |
Electronics |
2.9 |
4.3 |
7.6 |
Pharmaceuticals |
1.7 |
2.4 |
6.3 |
Others |
3.1 |
4.1 |
6.1 |
R&D Expenses and Capital Investments (Top Companies, 2022)
Company |
R&D Spending (¥ Billion) |
Capital Investment Focus |
Mitsubishi Chemical |
160 |
Bioplastics, Digitalization |
Shin-Etsu Chemical |
140 |
Specialty Chemicals, Sustainability |
Sumitomo Chemical |
120 |
Green Chemistry, Automation |
Top 30 Japanese Chemical Companies: Financial Performance (2023)
Company |
Sales (¥ Trillion) |
Profit (¥ Trillion) |
Profit Growth (%) |
Profit Margin (%) |
Shin-Etsu Chemical |
5.6 |
1.3 |
13 |
21.9 |
Mitsubishi Chemical |
4.9 |
1.1 |
10 |
20.9 |
Sumitomo Chemical |
4.3 |
0.95 |
11 |
20.1 |
Challenges
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Pricing pressures from fluctuating raw material costs: Fluctuating prices for essential inputs such as biochemicals and natural extracts create complexities in pricing models, thereby constraining supplier profit margins. For instance, the fluctuations in the prices of silica and calcium carbonate resulted in a 13% increase in global production costs in 2022. This unpredictability presents difficulties for both pricing stability and the rates of adoption.
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Stringent environmental compliance costs: The substantial costs associated with adhering to regulations like the EPA’s Toxic Substances Control Act (TSCA) create considerable challenges. Small manufacturers in the United States indicate that as much as 22% of their operational expenses are tied to compliance with environmental safety standards, which obstructs their ability to enter the market. For example, the new EPA regulations introduced in 2023 raised compliance costs by 16%, resulting in postponed product launches.
Biofungicides Market Size and Forecast:
Report Attribute | Details |
---|---|
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
16.1% |
Base Year Market Size (2024) |
USD 3.1 billion |
Forecast Year Market Size (2037) |
USD 17.9 billion |
Regional Scope |
|
Biofungicides Market Segmentation:
End user Segment Analysis
The agriculture sector is expected to dominate the global biofungicides market, accounting for a 62% share by the year 2037. This growth is fueled by the increasing demand for organic farming, more stringent pesticide regulations, and heightened awareness regarding sustainable crop protection. Support from the government for environmentally friendly farming practices, along with the rising necessity to enhance yield quality while reducing chemical residues, has greatly accelerated the adoption of biofungicides in the cultivation of fruits, vegetables, and cereals in major agricultural economies.
Application Segment Analysis
Foliar sprays are expected to account for a 47% share of the global biofungicides market, remaining the favored method of application due to their targeted delivery and enhanced effectiveness against foliar pathogens. As reported by the Food and Agriculture Organization, foliar sprays provide better bioavailability and align well with integrated pest management (IPM) systems, rendering them appealing in both developed and emerging markets. Additionally, regulatory frameworks that promote a reduction in soil chemical load further enhance the demand for foliar applications.
Our in-depth analysis of the biofungicides market includes the following segments:
End use |
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Application |
|
Formulation Type
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Crop Type |
|
Mode of Action |
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Biofungicides Market Regional Analysis:
Asia Pacific Market Insights
The biofungicides market in Asia Pacific is anticipated to represent 40% of the global revenue share by the year 2037. This growth is driven by the expansion of agricultural activities, an increasing demand for sustainable farming practices, and government initiatives that support green chemical technologies. Significant factors contributing to this growth include stringent environmental regulations, advancements in biofungicides formulation technologies, and a rise in research and development expenditures. Countries such as Japan, China, and India are at the forefront of investments in chemical sustainability, while emerging markets like Malaysia and South Korea are enhancing adoption through government funding and industrial innovation. The table below highlights country-wise spending in the Asia Pacific region.
Government Spending in Asia Pacific
Country |
Spending/Adoption Highlights |
Japan |
Allocated 5.3% of industrial budget to biofungicides in 2024; METI reports $1.3B increase since 2022 (METI, NEDO) |
China |
19% increase in government biofungicide tech funding over 5 years; 1.5 million companies adopting green processes in 2023 (NDRC, CPCIF) |
India |
Investment grew 23% from 2015-2023, reaching $960M annually; 2.2 million businesses incorporated green chemicals (DST, ICC) |
Malaysia |
Chemical firms adopting biofungicides doubled (2013-2023); government green initiative funding up 15% (MOSTI, MPA) |
South Korea |
Green chemistry investment rose 18% (2020-2024); over 700 companies now implementing sustainable solutions (KITECH, KCIC) |
Highest Revenue Share in APAC by 2037: China
China is projected to lead the APAC biofungicides market, achieving the largest revenue share by 2037, propelled by significant government backing from the Ministry of Ecology and Environment and the National Development and Reform Commission (NDRC). Continuous investment in sustainable chemical technologies, widespread industrial implementation, and thorough environmental regulations contribute to this growth. China's position as a leader in green innovation, along with its extensive agricultural sector and export potential, guarantees its dominance in the market.
Europe Market Insights
The biofungicides market in Europe is anticipated to account for roughly 27% of the global revenue share by the year 2037, including major countries such as the UK, Germany, France, etc. This growth is propelled by strict environmental regulations enforced by the European Chemicals Agency (ECHA), a rising adoption of sustainable agricultural methods, and significant government investments in green chemical innovations. The European Green Deal and Horizon Europe initiatives have been instrumental, allocating €1.9 billion in funding for sustainable chemical research in 2023, which has resulted in a 10% increase in the sector across member states.
The United Kingdom, Germany, and France continue to be leaders in the biofungicides market with targeted budget allocations. In the year 2023, the UK allocated 8% of its environmental budget towards Gallium Arsenide Wafer chemical initiatives, which marks an increase from 5.7% in 2020, according to the UK Department for Environment. In 2024, Germany allocated €3.7 billion towards sustainable chemicals, witnessing a 12% increase in the demand for green chemicals since 2021, according to the Federal Ministry for Economic Affairs and Climate Action. France designated 7% of its industrial budget to biofungicides chemicals in 2023, an increase from 4.8% in 2021, driven by policies promoting a circular economy.

Key Biofungicides Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The global biofungicides market is highly competitive, featuring leading multinational corporations that leverage cutting-edge R&D, establish strategic partnerships, and create innovative sustainable products. Key players are focusing on expanding their geographical reach, investing in eco-friendly technologies, and enhancing supply chain efficiencies to meet rising environmental regulations and consumer demands. Below is a detailed table listing the top 15 global manufacturers in the biofungicides chemical market, including their biofungicides market shares and countries of origin.
Top 15 Global Manufacturers in the Biofungicides Chemical Market
Company Name |
Country |
Approximate Market Share (%) |
Bayer CropScience |
USA |
13% |
BASF SE |
Germany |
11% |
Syngenta AG |
Switzerland |
10% |
Sumitomo Chemical Co., Ltd. |
Japan |
8% |
Nufarm Limited |
Australia |
7% |
Mitsui Chemicals, Inc. |
Japan |
xx% |
UPL Limited |
India |
xx% |
Kumiai Chemical Industry Co. Ltd. |
Japan |
xx% |
Adama Agricultural Solutions Ltd. |
Israel (Asia region) |
xx% |
Bayer CropScience Australia |
Australia |
xx% |
LG Chem |
South Korea |
xx% |
Godrej Agrovet |
India |
xx% |
Syngenta India Ltd. |
India |
xx% |
BASF Malaysia Sdn Bhd |
Malaysia |
xx% |
Sumitomo Chemical Asia Pte Ltd |
Singapore (APAC hub) |
xx% |
Here are a few areas of focus covered in the competitive landscape of the biofungicides market:
Recent Developments
- In March 2024, UPL Limited’s launched BioZest, an organic biofungicides tailored for high-value crops such as fruits and vegetables, with an emphasis on improved resistance to powdery mildew and downy mildew. The initial market response in India and Southeast Asia surpassed expectations, resulting in an 20% increase in UPL’s market share within the biofungicides segment during 2024. The product’s environmentally friendly attributes are in line with the region's more stringent environmental regulations.
- In January 2024, BASF broadened the commercial distribution of its biofungicides Serife throughout North America and Europe. This product, which is based on Bacillus amylo liquefactions F727, effectively targets various fungal diseases while minimizing its environmental impact. Following its introduction, BASF noted an 18% rise in revenue within the biofungicides segment in 2024 compared to the same period the previous year. The increasing demand for sustainable crop protection in these areas facilitated swift adoption.
- Report ID: 2712
- Published Date: Jun 17, 2025
- Report Format: PDF, PPT
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