The global biopesticides market size was USD xx billion in 2019 and is projected to reach USD xx billion by 2027, exhibiting a CAGR of xx% during the forecast period.
Intensifying efforts by government and market players to incite the use of efficient and eco-friendly agri-inputs is likely to boost the biopesticides market growth in the forthcoming years. Moreover, several governments are supporting the usage of environmentally friendly agri-inputs even in this pandemic situation. The governments are introducing various schemes and subsidiaries to ensure the increase in adoption of eco-friendly agri-inputs including biopesticides. For instance, in March 2020, The Reserve Bank of India (RBI) has introduced a new measures i.e. crop loans and agriculture terms have been granted a pause of three months by banking organizations with a 3 percent reduction on the interest rate of crop credits up to USD 4,022.29.
New Product Development with Microbial Ingredients to Fuel the Market Growth
Microbes are expected to emerge as an inexpensive yet effective yield-enhancing input despite unpredictable weather conditions. Metagenomics, metabolomics, and strain enhancement efforts are underway to expand biopesticides to help optimize production of the acre along with an increase in the investments from the institutional sector and venture capital. The on-going research regarding the new microbial product development is likely to support the market growth in forthcoming years.
North America Biopesticides Market Size, 2016-2027 (USD Billion)
“The Ever-rising Demand for Organic Food to Play Crucial Role in the Product Growth”
Organic farming is increasingly advocated as an ideal alternative for the conventional technique to reduce the overall impact on the environment. The promising growth trajectory of organic agriculture is expected to benefit the future growth of biopesticides with stronger demand dynamics for natural plant protection products. The strong emphasis from governments and other stakeholders on the organic and sustainable mode of farming has increased the acceptance of biopesticides.
Countries, especially with a strong agriculture base are gradually transitioning from “green-revolution” towards “ever-green revolution”. The role of agri-bio inputs will thus be crucial in driving this transformation owing to their eco-friendly, cost effective, and farmer- and consumer-friendly traits. Moreover, rising buyer’s demand for foods devoid of any synthetic pesticides is predicted to further propel the market growth.
“Phase-out of Key Chemical Active Ingredients to Support the Market Growth”
The usage of synthetic pesticides has recorded large-scale and widespread damage to the environment. Therefore, several government organizations have banned or set limitations on the use of some chemical active ingredients to avoid their adverse effect on the envionment, human, and animal health. Several goverments and government bodies are highly supportive and providing funds to leverage the uses of biopesticides to lessen the environmental impact of pesticides. The increasing concerns regarding the use of chemical pesticide is expected to positively leverage the sales of other sustainable solutions such as biopesticides.
“Sub-optimal Commercialization of the Biopesticides to Hamper the Growth of the Market”
The low adoption rate of the product compared to chemical agri-inputs in developing nations can restrict the growth of the market. The traditional and conventional agri-inputs market is well-structured at a global level with a prominent presence of key giants. However, biopesticides space is characterized by several start-ups that struggle with adequate funding, appropriate infrastructure, and market penetration. The R&D activities are undertaken by these small players also fail to sense the demand dynamics of a particular geography which can further restrain the market growth.
“Biofungicides to hold the Major Share of the Market”
Biofungicides held the largest share in the global biopesticides market in 2019. The increasing resistance to various chemical fungicides among fungi is expected to boost the demand for alternative efficient products such as bio fungicides. Moreover, the regulatory ban or limitation on the usage of some active ingredients for the production of chemical agri-inputs is expected to be a favorable factor for product growth.
In addition, horticultural crops grown under protected cultivation are more prone to damage by pathogenic nematodes. Increasing shifts in patterns of tillage of soil and adoption of zero or minimum tillage farm practices are leading to the enlargement of pathogenic nematodes population density in the soil. Considering the economic losses, industry stakeholders are actively exploring the opportunities to identify the biological pesticides that are effective in control the pathogenic nematodes, and the same is projected support for the strong growth of the bionematicides market.
“Microbial Segment to Witness Substantial Growth in the Global Market”
Microbes have proven the ability to enhance nutrient uptake and encourage the development of residential microbiota of plants. Microbes can thus ensure optimum yield enhancement and stress-tolerance without the need for genetic modification, the long-term impact of which is unsustainable. Microbes containing biopesticides are popularly used to protect the crops from a wide range of plant pathogens in various cultivated environments such as fields, nurseries, and protected cultivation systems.
By Mode of Action
“Foliar Application to Secure Larger Revenue Chunk in the Global Marketplace”
The foliar spray application is expected to secure a larger revenue chunk in the global marketplace with strong growth projections during the forecast years. The application of biopesticides through this method can result in quick growth of seedlings after germination. Foliar spray treatment is also an easy to apply method that can act as curative and preventive treatments for specific plant diseases and deficiencies.
“Cereals segment to Witness Robust Growth in the Upcoming years”
The increasing cultivation of cereals as they are consumed as staples across the globe along with the high profit associated with the cultivation of organic cereals are projected to boost the utilization of biopesticide amid cereal growers. Moreover, the increasing area under the cultivation for organic fruits and vegetables due to rising awareness regarding the usage and long-term benefits of the product owing to their eco-friendly and economical nature is anticipated to increase the utilization of biopesticides for the production of various high-value crops.
Global Biopesticides Market Share, By Crop, 2019
1. Cereals – xx% (Disclose)
2. Oilseeds – xx% (Don’t Disclose)
3. Fruits & Vegetables - xx% (Don’t Disclose)
4. Other Crops – xx% (Don’t Disclose)
“Encouraging Policies and Regulatory Framework in North America to Support Increased Use of Biopesticides in Agriculture”
North America is the largest market for biopesticides at present and it is expected to account for a significant proportion of the market during the forecast period as well. Stringent rules and regulations regarding the usage of synthetic crop protection chemicals to protect the environment from hazardous effects are driving the regional market. The rigorous search for greener inputs for crop cultivation is driving the sales of the product in the regional marketplace. Moreover, the strong focus on utilizing microbe-based pesticides for yield-enhancements and pest-resistance improvements is expected to positively impact the market growth and product demand.
The demand for biopesticides is high in the Asian agriculture sector. The population-rise which is bound to create pressure on food security is expected to be more prominent in the Asia Pacific region. Therefore, the products are advertised as an economic, safe, and effective crop inputs to support yield enhancements from the limited cultivable land. Row crops such as wheat, soy, and rice are witnessing greater utilization of these biopesticides to increase their crop yield in a possible eco-friendly manner.
KEY INDUSTRY PLAYERS
“Industry Focus on New Product Development and Collaboration to Favorably Aid Market Growth”
Biopesticide products are essential components in modern integrated pest management concepts to achieve the required level of crop protection from pests and diseases without causing a damage to the environment and human health. The increasing demand for these products is gravitating market players to diversifying their product portfolio and distribution network to increase their market reach and consumer base. Syngenta AG is one of the leaders operating in the biopesticide market. Innovations and expansion of business are the key strategies adopted by the company to compete in the global market.
March 2019 - Syngenta AG announced that its first bioinsecticide i.e. Coaster is ready to launch in the Portugal market. The new product is formulated based upon the active strain Bacillus thuringiensis and it can be used to control all types of caterpillars.
LIST OF KEY COMPANIES PROFILED:
KEY INDUSTRY DEVELOPMENTS:
1. In March 2020, Marrone Bio Innovations collaborated with Chile-based company Anasac to manufacture and distribute Venerate and Grandevo bioinsecticide in Chile.
2. In March 2020, Sweden and Israel permitted the usage of Madex, Andermatt Biocontrol AGs’ product in pome fruit orchards to regulate the codling moth.
The report provides qualitative and quantitative insights on the biopesticides market and a detailed analysis of market size and growth rate for all possible segments in the market. Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights provided in the report are the overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, and key industry trends.
Key segments within the market
1. By Type
2. By Source
3. By Mode of Action
4. By Crop
5. By Region
Report Scope & Segmentation
Global Biopesticides Market Scope
Type, Source, Mode of Action, Crop, and Region
Segments Covered in the Report
By Mode of Action
What was the value of the Global Market in 2019?
The global market was USD xx billion in 2019 and is projected to reach USD xx billion by 2027.
At what CAGR the Market projected to grow in the forecast period (2020-2027)?
Growing at a CAGR of xx%, the market will exhibit robust growth during the forecast period (2020-2027)
Which is the leading type segment in the Global Market?
Biofungicide is expected to be the leading biopesticide type in the market during the forecast period.
What is the key factor driving the Market?
The intensifying demand for organic food is predicted to drive the growth of the global market.
Who are the top players in Global Marketplace?
Syngenta AG, Bayer CropScience, BASF SE, and DowDuPont are some of the top players in the market.
Which region is expected to hold the highest market share in the Market?
North America is expected to hold the highest market share in the global market.
Which Crop Type is expected to hold the dominant market share?
The fruits & vegetable segment is expected to hold the dominant share in the global market.
What is Market Trend?
Innovation and product development with microbe-based ingredients is an emerging trend in the global market.
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