Global Biopesticides Market By Type (Bioinsecticides, Biofungicides, Bionematicides and Others); By Application Mode (Foilar Spray, Soil treatment, Seed treatment and Others); By Source (Microbial, Biochemical and Beneficial Insects); by Form (Liquid and Dry); By Crop Type (Fruits & Vegetables, Pulses & Oilseeds and Cereals & Grains); By Region (North America, Asia-pacific, Europe, Latin America and Middle-East and Africa)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030.
Biopesticide is obtained from pure and crude matter, like animals, plants, bacteria, and specific minerals. Microbes, like bacteria, virus, fungi or microscopic nematode worms can be utilized in agricultural activities to limit or eradicate pests that are likely to cause harm to a plant. Biopesticides are used to keep away pests that harm the crop or the yield of the soil. Various benefits of biopesticides that steer the growth of the biopesticides market during the forecast period are transition to the acceptance of natural products, growing human, animal and environmental soundness issues, and prompt decomposition.
Biopesticides Market is anticipated to exceed USD 9.838 billion by 2030 from USD 4.015 billion in 2019 at a CAGR of 15.23% throughout the forecast period, i.e., 2020-30. The Biopesticides Market is estimated to grow on the back of following reasons. The major driver of the Biopesticides Market is the growing concerns regarding the health and the environment. However, supply of chemical pesticides at lower prices and inadequate awareness regarding the use of biopesticides among the farmers are factors which may hinder the growth.
Global Biopesticides Market: Segments
Bioinsecticides segment to account for major share of the market during the forecast period.
On the basis of type, the market for biopesticides is segmented into bioinsecticides, bio fungicides, bionematicides and others. The bioinsecticides segment contributed a major market share in 2019 and is forecasted to grow at a CAGR of XX% during the forecast period. A rise in the developing resistance in pests and recovery of crops are resulting in the adoption of bioinsecticides. Bioinsecticides that do not kill microbes which kill pests, do not pollute the ecosystem, or do not leave anything behind in the crops are ruling the market.
Global Biopesticides Market: Market Dynamics
Rising demand for organic food is to boost the market for Biopesticides
Consumers are now demanding more of organic food as they are extremely interested in the food safety issues, the rising level of disposable income, environmental issues, and due to growing concerns about the residue-free food. Also, Biopesticides have improved the texture of soil, productivity and quality of organic food. Moreover, government initiatives such as providing subsidy to farmers growing organic crops are likely to steer the market growth.
Biopesticides still remain alien to people in developing & underdeveloped economies
Biopesticide products still remain unpopular amid the people in developing and underdeveloped economies due to lack of awareness which possess a great challenge in front of the biopesticides producers. They still rely on chemical pesticides which adversely affect the yield and quality of soil but are comparatively cheap. Moreover, the Biopesticides cannot be stored for a long time & are at a high risk of getting contaminated.
Global Biopesticides Market: Region
Asia-Pacific to grow at the highest CAGR during the forecast period
Global Biopesticides Market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. Geographically, Asia-Pacific is likely to dominate the market owing to increasing concerns towards health, fertility of soil and conserving the biodiversity. Moreover, increasing demand for organic food due to rise in disposable income, stringent government rules and policies regarding the maintenance of the fertility of the soil & reduction of hazardous effects caused by chemical pesticides, and transition to a more subsistence farming has ignited the growth of Biopesticides in the region. However, North-America and Europe are expected to contribute significantly in the total organic production, globally.
· Key Players
· Bayer AG
o Company overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
· Syngenta AG
· BASF SE
· Futureco Bioscience
· Novozymes A/S
· Marrone Bio Innovations
· Koppert B.V.
· Valent BioScience
Global Biopesticides Market Report also contains an analysis on:
· Biopesticides Market by segment:
o By Type
o By Application Mode
▪ Foilar Spray
▪ Seed Treatment
▪ Soil Treatment
o By Source
▪ Beneficial Insects
o By Form
o By Crop Type
▪ Fruits & Vegetables
▪ Pulses & Oilseeds
▪ Cereals & Grains
o By Region
▪ North America
▪ Latin America
▪ Middle east and Africa
· Biopesticides Market Size
· Biopesticides Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints