The global biofumigation market size is expected to gain momentum owing to the rising demand for environmental friendly fumigants during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Biofumigation Market, 2021-2028.” The leading manufacturers in the market are launching new biofumigant seed species, seed meal, and oil to meet the growing needs. For example, Isagro USA introduced Dominus soil Biofumigant to help producers of high-value crops control soil-borne pests effectively.
Detrimental Impact of Covid-19 on Agriculture Industry
The coronavirus outbreak has caused agricultural goods production and logistics to be interrupted. COVID-19 has disrupted raw material procurement and product distribution. Numerous niche firms are predicted to cautiously enter e-commerce platforms in order to recoup losses and continue to generate revenue. Furthermore, of government’s primary focus on meeting people’s needs for food has the potential to accelerate market growth in the near future.
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By seed-type, the market is segmented into mustard seed, cauliflower seed, broccoli seed, and others. On the basis of crop type, the market is segregated into fruit, vegetable, ornaments, and others. On the basis of application, the market is fragmented into cover crops and seed cake. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
What does the Report Offer?
The report contains a thorough qualitative analysis of the market, which involves market drivers, explaining the market’s driving factors and demand. The study includes detailed information and plans for the industry’s top major players. The report also provides an overview of the various market categories and geographies. The impact of many social, political, and economic elements and the present market dynamics were studied to arrive at these market estimates.
Drivers and Restraints-
Increasing Application in Agriculture to Stimulate Growth
During the projected period, the worldwide biofumigation market growth is expected to grow due to growing use in the agriculture industry. Biofumigant treatment can help reduce competition and soil-borne diseases and control the makeup of post-harvest pathogenic fungi, germs, and nematodes in soils, all of which are projected to boost market demand. It is widely employed as a management tool for organic and conventional farming, which is currently under pressure to find alternatives to chemical fumigation and more environmentally friendly fumigants that can reduce the amount of soil pathogens and increase yields.
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Increasing Incidence of Soil Borne Pathogen to Promote Growth in Asia Pacific
Asia Pacific is expected to hold the largest global biofumigation market share during the forecast period. The market is expected to grow due to diminishing food output due to insects and other pests and an increase in the prevalence of soil-borne pathogens and bacterial diseases. The growing knowledge of the benefits as a crop protection practice, combined with increasing government support for its use as an environmentally friendly practice, is expected to boost the market.
North America is expected to have a sizable share of the market. This is due to the increasing demand for agriculture products with higher efficiency in terms of application. The presence of manufacturers for innovation will drive the market in the region.
Increasing Number of Mergers to Create Opportunities for Market
Key players in the worldwide market are concentrating their efforts on bringing cutting-edge products to the international market. This will allow them to develop their business globally while also bolstering their product line. Companies are concentrating on diversifying their product portfolios and investing in RandD to develop effective products.
- March 2021: Innovative Farmers field lab into sharp focus (PCN). Farmers in Shropshire and Lancashire are looking at the effectiveness of trap crops for nematode management. They are more reliable than biofumigation, but the optimal time to sow them coincides with the major growing season for income crops; therefore, they are still rarely used.”
List of Key Players Profiled in the Global Market for Biofumigation:
- BASF SE
- UPL Group
- Isagro USA
- Marrone Bio Innovation
- H. Peterson
- Eastman Company
- Mighty Mustard
- Tozer Seeds
- Harley Seeds
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