Biofungicide Market Size to Reach USD 6.8 Billion by 2032, Growing at 7.9% CAGR | Market Intelo
The global Biofungicide market is witnessing remarkable growth, driven by the rising demand for eco-friendly and sustainable crop protection solutions. According to Market Intelo, the market was valued at USD 3.4 billion in 2023 and is projected to reach USD 6.8 billion by 2032, expanding at a CAGR of 7.9% between 2024 and 2032. Increasing concerns about chemical pesticide residues, stringent environmental regulations, and the need for organic farming practices are fueling the demand for biofungicides across key agricultural economies.
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