Latin America Biofungicides Market Research Report with Market Share and Growth Rate, Outlook to 2021
Latin America
Biofungicides Market is worth USD xx million in 2016 and estimated to grow at a
CAGR of xx.xx%, to reach USD xx million by 2021. The Latin America Biofungicides
market is developing at an exceptionally quick pace.
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Market data tables and in-depth TOC of the Latin America Biofungicides Market
to 2021 @ http://www.marketdataforecast.com/market-reports/latin-america-biofungicides-market-4467/
Biofungicides refers to living organisms that
are used to control the activity of plant pathogenic fungi and bacteria. The
idea of biofungicides is based upon observations of natural processes where
beneficial microorganisms, usually isolated from soil, hinder the activity of
plant pathogens. These microorganisms produce a wide range of antibiotic
substances and parasitize other fungi, etc.
The significant driver is the presence of
human, animal and environmental health concerns prevalent due to use of
chemical or synthetic pesticides in crop protection. Various countries are
adopting a stringent approach concerning the amount of imports, with focus on
regulating the quantity of pesticide residues which has resulted in increased
demand for regulated food safety and quality. High costs and low availability
are proving to be a barrier in the Biofungicides market.
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The Latin America Biofungicides market is
segmented on the basis of application, product and region. Based on application
the market is segmented into crop based and non-crop based. Crop based is further
segmented into Grains & Cereals, Oil seeds, and Fruits & Vegetables.
On-crop is further segmented into turf& ornamental grass and others. Based
on product the market is segmented into Biopesticides and biofungicides.
Latin America market region includes
countries such as Brazil, Mexico, Argentina, and remaining countries of South
America. It is the largest growing
region.
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Valent Biosciences, Certis LLc,Marrone Bio
innovations, Agraquest, and Koppert Biological systems., are the leaders in the
Latin America Biofungicides market.
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