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Biopesticides Market by Type, by Mode of Application, by End-Use and by Geography – Forecast to 2021
Biopesticides Market by Type (Bioinsecticide, Biofungicide, Bioherbicides & Bionematicide and Others), by Mode of Application (Dry Formulation & Wet Formulation), by End-Use (Fruits & Vegetables, Cereals & Row Crops, Seed Treatment and Non-Crops) and by Geography – Forecast to 2021
Published Date: | Report Format: Excel/PPT | Report Code: CF03A-00-0717
Report Description
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Biopesticides Market is projected to witness a significant growth over the forecast period, as they are less toxic and offer a permanent control of pests.
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Market Dynamic
Key Drivers and Emerging Trends
The global biopesticides market is witnessing a smooth growth curve over the upcoming years, owing to the growing demand for organic fruits & vegetables and technological innovation in farming practices. With the increasing health awareness pertaining the use of synthetic pesticides, such as neurological damage, allergies, and the respiratory problems, the inclination towards biopesticides has significantly increased, driving the market size. The strategic initiatives by government to encourage the adoption of biopesticides crop protection chemicals will further strengthen the market size. For instance, in 2020, the Reserve Bank of India (RBI) launched a new measure, in which crop loans and agriculture terms have been granted a pause for three months and the interest rate is reduced by 3% by banking organizations. Other factors, including advancements in agricultural sciences and the favourable government policies to promote sustainable farming practices, are projected to propel the market growth over the upcoming years. However, the lower cost of synthetic pesticides and lack of awareness about the benefits of biopesticides, may hamper the Biopesticides Market Size over the upcoming years.
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Type Segment Analysis
Bioinsecticides segment is predicted to lead the market with the highest share over the upcoming years. The emerging need to minimize crop losses owing to the rising insect attacks aided by the changing climatic conditions has stimulated the adoption of bioinsecticides in farming, driving the segment’s size. With the growing health awareness, the demand for organic pest control has significantly increased stimulating the market growth. Bioinsecticides are cheaper than other chemical insecticides and are safe for humans and animals, fueling the segment size.
End Use Segment Analysis
Cereals are projected to expand at a faster CAGR over the upcoming years, owing to the increasing cultivation of cereals and high profit opportunities associated with organic cereals. Moreover, the increasing area for the cultivation of organic fruits and vegetables aided by the increasing awareness regarding the long-term benefits of the product is projected to fuel the fruits and vegetables segment size.
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Regional Analysis
North America biopesticides market is estimated to lead the market during the upcoming years, because of the expansion of organic industry and strategic government regulations. Moreover, the growing usage of biopesticides in greenhouses, owing to the increasing demand for green agricultural practices will expand the regional growth. Moreover, the growing emphasis on utilizing microbe-based pesticides for yield-enhancements and pest-resistance programs is expected to positively impact the market growth and product demand.
Key Developments:
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- In 2022, two next-generation bioinsecticides, NemaTrident and UniSpore, from Bionema Limited, a biocontrol technology developer were acquired by Syngenta Crop Protection AG. This acquisition is intended to help company combat the increasing resistance and wide range of insects and pests across horticulture and ornamentals, turf amenity, and forestry, giving customers even greater choice.
- In 2021, BASF merged with AgBiome to introduce a new biological fungicide to the market in Europe, and major countries in the Middle East and Africa.
- In 2020, Simbiose Agrotecnologia Biológica, entered in partnership with Embrapa to establish the first biopesticides to control the soybean looper in Brazil.
The global biopesticides market is segmented on the basis of type, mode of application, end use and geography:
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Global Biopesticides Market by Type Global Revenue Forecast, 2016-2021
• Bioinsecticide
• Biofungicide
• Bioherbicide & Bionematicide
• Others
Global Biopesticides Market by Mode of Application Global Revenue Forecast, 2016-2021
• Dry Formulation
• Wet Formulation
Global Biopesticides Market by End-Use Global Revenue Forecast, 2016-2021
• Fruits & Vegetables
• Cereals & Row Crops
• Seed Treatment
• Non-Crops
Global Biopesticides Market by Region
- North America Biopesticides Market (Option 1: As a part of the free 25% customization)
- By Type
- By End Use
- By Mode of Application
- US Market All-Up
- Canada Market All-Up
- Europe Biopesticides Market (Option 2: As a part of the free 25% customization)
- By Type
- By End Use
- By Mode of Application
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
- Asia-Pacific Biopesticides Market (Option 3: As a part of the free 25% customization)
- By Type
- By End Use
- By Mode of Application
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
- RoW Biopesticides Market (Option 4: As a part of the free 25% customization)
- By Type
- By End Use
- By Mode of Application
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
Countries with high growth opportunity for Biopesticides Revenue Forecast, 2016-2021
• USA
• Canada
• Germany
• France
• U.K.
• China
• India
• Japan
Global Biopesticides Market Competitive Landscape & Company Profiles
• Major Players and their Market Share Analysis
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint ventures