The biopesticides market is estimated at USD 3.22 Billion in 2017 and is projected to reach USD 6.60 Billion by 2022, at a CAGR of 15.43%. Its growth in the crop protection market can be attributed to the rise in environmental concerns and awareness regarding hazards caused by chemical pesticides. Ease of application, innovative product offerings, increased availability, and growth in demand for organic food products are factors that further drive the growth of this market.
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The 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.
Based on Type, the market has been segmented as follows:
Based on Crop, the market has been segmented as follows:
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
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.
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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.
The breakdown of the primaries on the basis of company type, designation, and region conducted during the research study, is as follows:
- By Company type: Tier 1 – 40%, Tier 2 –20%,and Tier 3 – 40%
- By Designation: C-Level – 40%,D-Level – 20%, and Others* – 40%
- By Region: North America – 20%,Europe – 20%,and Asia Pacific – 40%, Row -20%
Global market for biopesticides dominated by large players such as 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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The biopesticides market, by crop, has been segmented into fruits & vegetables, cereals & grains, oilseeds & pulses, and other crops. Fruits & vegetables are mostly eaten without industrial processing; the concerns regarding pesticide residue is higher in such crops as compared to that in other crop types that are not consumed in their raw form.
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