According to the latest report by IMARC Group, titled “Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on biopesticides market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global biopesticides market reached a value of US$ 5.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.1 Billion by 2027, exhibiting a CAGR of 14.5% during 2022-2027.
Biopesticides refer to the organic pest repellents that are derived from natural sources, such as microorganisms, plants, and biochemicals. Pesticides These repellents made from biological sources are inherently less toxic than synthetic pesticides, offer long-term and permanent pest control, and are highly effective even when applied in small amounts. Crop treatment usually involves spraying or adding them directly to the soil to control weeds, pests, and insects. Fruits, vegetables, cereals, grains, oilseeds, and pulses are the most common crops treated with biopesticides.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Biopesticides Market Trends:
The market is primarily driven by the augmenting adoption of environmentally friendly agricultural inputs across the globe. This can be attributed to the ban on chemical pesticides in several countries due to the deteriorating effect they have on soil and crops. In addition to this, with the increasing prevalence of pests developing resistance to crop protection chemicals, there has been a rise in the product uptake. Favorable government initiatives supporting organic farming practices are also fueling the product demand. Some of the other factors providing an impetus to the market growth include extensive research and development (R&D) activities, the rising concerns regarding residue levels in crops, and widespread pest-control programs.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- BASF
- Bayer Cropscience
- Certis USA LLC
- FMC Corporation
- Isagro
- Koppert B.V.
- Marrone Bio Innovations
- Novozymes Biologicals
- Stockton (Israel) Ltd.
- Syngenta
- The Dow Chemical Company
- Valent BioSciences Corporation
Market Segmentation:
Our report has categorized the market based on region, product, formulation, source, mode of application and crop type.
Breakup by Product:
- Bioherbicides
- Bioinsecticides
- Biofungicides
- Others
Breakup by Formulation:
- Liquid
- Dry
Breakup by Source:
- Microbials
- Plant Extract
- Biochemicals
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-Harvest
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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