Study papers on Biopesticides market and regional forecast. Biopesticides market players are BASF (Germany), Bayer (Germany), Monsanto BioAg (US), BioWorks (US), and Certis (US). Some emerging players in the biopesticides market include Marrone Bio Innovations (US), Koppert (Netherlands), Arysta LifeScience (US), Valent BioSciences (US), Stockton Group (Israel), Isagro (Italy), and Camson Bio Technologies (India).
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biopesticides market is projected to reach USD 6.60 billion by 2022, from USD 3.22 billion in 2017, at a CAGR of 15.43%. The global biopesticides market is driven by factors such as growth in demand for organic food, increase in resistance in pests, integrated pest management (IPM) measures, and promotion by government agencies.
However, the biopesticides market needs to overcome important barriers, such as the need for improvement of formulations.
- Supply side: Biopesticide producers, suppliers, distributors, importers, and exporters
- Demand-side: Farmers, farmer’s organizations, crop protection products manufacturers, and contract farmers
- Regulatory side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
- Associations and industry bodies such as the Food and Agriculture Organization (FAO), Biopesticide Industry Alliance (BPIA), International Biocontrol Manufacturers Association (IBMA), and Association of American Plant Food Control Officials (AAPFCO)
North American market for biopesticides is driven by the simple registration process, increasing consumer preference for organic products, and growing consumer awareness about the ill-effects of synthetic pesticides on human health.
The market for biopesticides in the European region is projected to grow at the highest CAGR from 2017 to 2022. The ban on the use of neonicotinoids, glyphosate, and paraquat is expected to drive the growth of the European biopesticides industry.
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The microbes segment, on the basis of source, is projected to grow at the highest rate during the forecast period. This segment also dominated the global biopesticides market in 2016.Microbial biopesticides are multifunctional, they control of a wide variety of pests, and improve soil quality & health, plant growth, and yield.
The market for the use of biopesticides in fruit & vegetable cultivation dominated the global market in 2016. Fruits & vegetables are mostly eaten without industrial processing; the concerns regarding pesticide residue is hence higher in such crops as compared to that in other crop types that are not consumed in their raw form.
Thus, biopesticides are most prominently used in the production of fruits & vegetables.
2 Market Ranking, By Key Players
3 Competitive Scenario
3.1 Agreements, Collaborations, Partnerships & Joint Ventures
3.2 Expansions & Investments
3.4 New Product Launches, Product Approval & New Product Registration
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The report analyzes the biopesticides market across different types and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, source, crop, formulation, mode of application, and region.
Furthermore, the report also includes in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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