COVID19:Global Biopesticides Market is projected to reach a value of over USD 13.5 billion exhibiting a CAGR of around 14% by the end of 2027.
BIOPESTICIDES MARKET: Summary
The Global Biopesticides Market is projected to reach a value of over USD 13.5 billion exhibiting a CAGR of around 14% by the end of 2027.
Biopesticides are derived naturally from animals, plants, bacteria, and certain minerals. They tend to pose fewer risks than conventional chemicals and can be effective in small quantities. They break down more quickly thus creating less pollution.
According to the US Environmental Protection Agency, as of April 2016, there are 299 registered biopesticide active ingredients and 1,401 active biopesticide product registrations.
BIOPESTICIDES MARKET: Drivers & CHALLENGES
Market Driver:
- Benefits Associated with the Use of Biopesticides
Biopesticides offer a wide range of benefits over chemical pesticides. These pesticides are usually inherently less toxic than conventional pesticides. They are often effective in extremely small quantities and decompose quickly, thus resulting in lower exposures and pollution. Unlike chemical pesticides which affect non-targeted organisms such as birds, insects & mammals, biopesticides affect only target pest. Additionally, biopesticides are biodegradable and can be cost-effective as well.
Moreover, consumer preference towards the organically grown food items on account of the efforts to live a healthy life is expected to propel the demand for biopesticides during the review period.
All such benefits offered by the use of biopesticides is a major driver of the global biopesticides market.
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- Use of Biopesticides in Integrated Pest Management (IPM)
Biopesticides are used as an important component of IPM, which is an approach to crop production and protection that combines different management strategies and practices to grow healthy crops and minimize the use of pesticides. With low toxicity, biopesticides are compatible with the use of classical biological control agents such as predatory mites and lady beetles. IPM programs include rotation of biopesticides with conventional chemical pesticides, which can reduce reliance on single chemistries and delay the development of resistance within pest populations.
Therefore, increasing the use of Integrated Pest Management (IPM) systems for crop production is expected to fuel the product demand.
Market Restraint:
- Short Product Lifecycle of Biopesticides
Biopesticides are exposed to detrimental environmental conditions when applied in the field, including sunlight (UV), fluctuating moisture conditions, plant physiological and biochemical responses and competition by microorganisms already present on the leaf surface. These conditions may lead to shorter persistence of the biopesticides.
Improper storage conditions result in deterioration of biopesticides such as caking of powders, sedimentation or gelling of liquids and discoloration through oxidation.
Biopesticides market: Key segments
- Segmentation based on product: Bioherbicides, Bioinsecticides, Biofungicides, and Others.
- Segmentation based on type: Biochemical, Microbial, and Plant-Incorporated-Protectants.
- Segmentation based on formulation: Liquid and Dry.
- Segmentation based on the mode of application: Foliar Spray, Seed Treatment, Soil Treatment, and Post-harvest.
- Segmentation based on crop type: Cereals & Grains, Fruits & Vegetables, Oilseeds, and Others.
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
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Biopesticides MARKET: Report SCOPE
The report on the biopesticides market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features
Specifics
Historical/Estimated/Forecasted Market Size Years
2019–2027
Base Year for Market Calculation
2020
Forecasted Period
2020–2027 (2020 estimated year, forecasted up to 2027)
Measured Units
Value (USD Billion), Volume (Kiloton)
Segments Included
Product, Type, Formulation, Mode of Application, and Crop Type
Regional Coverage
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa
KEY Companies Covered
- BASF SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Syngenta
- UPL
- FMC Corporation
- Isagro Group
- Valent BioSciences LLC
- Certis USA L.L.C.
- Koppert Biological Systems
- BioWorks Inc.
- Biological Products Industry Alliance
- Marrone Bio Innovations
- Andermatt Biocontrol AG
- Other Key Companies
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Biopesticides MARKET: report segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Biopesticides Market, by Product
- Bioherbicides
- Bioinsecticides
- Biofungicides
- Others
Biopesticides Market, by Type
- Biochemical
- Microbial
- Plant-Incorporated-Protectants
Biopesticides Market, by Formulation
- Dry
- Liquid
Biopesticides Market, by Mode of Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-harvest
Biopesticides Market, by Crop Type
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds
- Others
Biopesticides Market, by Region
- North America
- US
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 Global Biopesticides Market By Product, Market Size In Usd Billion And Kiloton (2019–2027)
7 Global Biopesticides Market By Type, Market Size In Usd Billion (2019–2027)
8 Global Biopesticides Market By Formulation, Market Size In Usd Billion And Kiloton (2019–2027)
9 Global Biopesticides Market By Mode Of Application, Market Size In Usd Billion And Kiloton (2019–2027)
10 Competitive Landscape
11 Company Profiles
12 Appendix
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