Species of genus Trichoderma may benefit as plant pathogen control agent (mycofungicide) and plant growth promoter (biofertilizer) and their application may lower the production costs and environmental impact. Direct effects of these fungi on plant growth and development are crucially important for agricultural uses and for understanding the roles of Trichoderma in natural and managed ecosystems. The Trichoderma potential as bioagent is utilized through the commercial production of Trichoderma-based product. Commercial products of Trichoderma-based biofungicides account for about 60% of the biofungicide market, while the availability and dispersion of Trichoderma-based biofertilizers are more widespread than commonly known with a tendency to expand due to the easier registrations. Limiting factors for availability of commercial products are expensiveness of registration requirements as they must be registered as pesticides, especially patenting, efficacy testing, toxicological, and biosafety testing. This chapter intends to give insight into agricultural importance of Trichoderma and current status of implementation of Trichoderma products in developing and in the developed countries.