According to the latest research by SkyQuest Technology, the Global Biopesticides Market was valued at USD 3,650.76 Million in 2020, and it is expected to reach USD 11,101.57 Million by 2027, with a CAGR of 14.69% during the forecast period of 2021 – 2027. The research provides up-to-date analysis of the current market landscape, latest trends, drivers, and overall market environment.
The manufacturers of biopesticides have worked on developing solutions that can withstand climate changes as well as expanding their geographic reach. Furthermore, the accessibility of Biopesticides, combined with their low cost, is increasing product utilization. Environmental issues over the usage of traditional pesticides have prompted government programmes all over the world to promote agricultural by-products.
Biopesticides are necessary microbiological compounds that are classified as biological poisons produced from bacteria or fungi. The fast growth of the organic food and beverage industry, as well as increased consumer awareness of food safety and sanitation, have fuelled the Biopesticides market. Biopesticides are becoming more popular as a result of the necessity to increase agricultural output as a result of expanding population and shrinking arable land area. Furthermore, agriculture employs a big number of people in developing economies in APAC and MEA, bolstering the government’s focus on agricultural export development.
In terms of lowering the environmental effect, organic farming is rapidly being advocated as a better option than conventional farming. The major influence on organic and sustainable agricultural methods by the government and other stakeholders has raised the acceptability of microbially crop protection agents. Countries are gradually transitioning from the “green revolution” to the “ever-green revolution,” particularly those with significant agricultural bases. Agri-bio inputs will play a vital role in driving this transformation because of their eco-friendliness, cost-effectiveness, and farmer-consumer-friendliness. Furthermore, increased consumer demand for pesticide-free meals (organic food products) is expected to fuel market expansion.
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Read market research report, “Global Biopesticides Market Segmented By Type (Bioinsecticide, Biofungicides, Bionematicide, Bioherbicides) By Source (Microbials, Biochemical, Beneficial Insects) By Application (Soil Treatment, Seed Treatment, Foliar spray, Others) By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others) & By Region – Forecast And Analysis 2021-2027” by SkyQuest
Synthetic pesticides have caused extensive environmental devastation on a large scale. As a result, a number of government agencies have banned or restricted the use of certain chemical active components in order to reduce their negative influence on the environment, human, and animal health. Several governments and government entities are enthusiastic about the use of biopesticides to lessen pesticides’ environmental impact and are providing financial support. Growing public awareness of the use of chemical pesticides is likely to promote sales of other environmentally friendly alternatives, such as organic crop protection agents.
When compared to chemical Agri-inputs, the product’s low adoption rate in emerging regions may limit market expansion. On a global scale, the various traditional Agri-inputs market is well-structured, with major players prominently involved. The biopesticides market is characterised by a slew of start-ups competing for adequate finance, technology, and market penetration. The R&D activities of these tiny players also fail to discern the demand dynamics of a certain location, which might limit market expansion even more. The worldwide market continues to be challenged by the pandemic’s logistical and economic effects. The consequences differ by market and are not always bad. The temporary closure of Chinese Biopesticides production factories can help producers in India, Europe, and North America fill a hole and increase their order intakes. Nonetheless, supply chain interruptions have caused raw material procurement concerns for numerous businesses, particularly those who rely on Chinese raw materials and will face major logistical challenges.
Biopesticides are essential components of today’s integrated pest management strategy for obtaining the appropriate level of pest and disease protection while avoiding environmental and human health hazards. Market participants are diversifying their product portfolios and distribution networks in order to expand their market reach and consumer base in response to rising demand for these products. Syngenta AG is a market leader in the agricultural sector. Innovation and commercial expansion are the company’s primary strategy for competing in the worldwide market.
The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy. The major players in the market is BASF SE, Bayer AG, Biobest Group NV, Certis USA L.L.C, Novozymes A/S Syngenta AG, BioWorks, Inc., Nufarm, Valent Biosciences LLC., STK Bio-ag among others.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
Report Findings
- Drivers- Organic farming is increasingly being promoted as a superior alternative to conventional farming in terms of reducing overall environmental impact.
- Restraint- The product’s low adoption rate in developing countries, when compared to chemical Agri-inputs, may limit the market growth.
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What does this Report Deliver?
- Market Estimation for 20+ Countries
- Customization on Segments, Regions, and Company Profiles
- 100+ tables, 150+ Figures
- Global and Country Market Trends
- Comprehensive Mapping of Industry Parameters
- Attractive Investment Proposition
- Competitive Strategies Adopted by Leading Market Participants
- Market drivers, restraints, opportunities and its impact on the market
- Market growth rate till 2027
- Global and Country Market trends
- Regulatory scenario, regional dynamics, and insights of leading countries in each region
- Segment trends and analysis
- Opportunity analysis by region and country
- Segment opportunity and growth
- Porter’s five force analysis to know the market’s condition
- Pricing analysis
- Parent market analysis
- Product portfolio benchmarking
SkyQuest has segmented the Global Biopesticides Market based on Type, Source, Application, Crop Type, and Region:
- Global Biopesticides Market By Type (Revenue, USD Million, 2020 – 2027)
- Bioinsecticide
- Biofungicides
- Bionematicide
- Bioherbicides
- Global Biopesticides Market By Source (Revenue, USD Million, 2020 – 2027)
- Microbials
- Biochemical
- Beneficial insects
- Global Biopesticides Market By Application (Revenue, USD Million, 2020 – 2027)
- Soil Treatment
- Seed Treatment
- Foliar spray
- Others
- Global Biopesticides Market By Crop Type (Revenue, USD Million, 2020 – 2027)
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
- Global Biopesticides Market By Region (Revenue, USD Million, 2020 – 2027)
- North America
- S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- North America
List of Key Players of Biopesticides Market
- BASF SE (Germany)
- Bayer AG(Germany)
- Biobest Group NV(Belgium)
- Certis USA L.L.C (US)
- Novozymes A/S (Denmark)
- Marrone Bio innovations (US)
- Syngenta AG (Switzerland)
- Nufarm (Australia)
- Som Phytopharma India Ltd (India)
- Valent Biosciences LLC. (US)
- BioWorks, Inc. (US)
- STK Bio-ag (Philippines)
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