The overall biopesticides market is projected to grow from USD 3.0 billion in 2018 to USD 6.4 billion by 2023, at a CAGR of 15.99% during the forecast period. The rise in the popularity of biopesticides can be attributed to the environment-friendly nature of these products, as they are completely natural and do not harm the environment. There is increasing support for the deployment of biological solutions as alternatives to chemical pesticides in both organic farming and IPM systems. These biological solutions are more cost-effective than chemical pesticides.
- To describe and forecast the biopesticides market, in terms of type, source, crop application, mode of application, formulation, and region
- To describe and forecast the biopesticides market, in terms of value, by region–Asia Pacific, Europe, North America, South America, and the Rest of the World—along with their respective countries
- To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of biopesticides
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the biopesticides ecosystem
- To strategically profile the key players and comprehensively analyze their market positions in terms of market share and core competencies, along with detailing the competitive landscape for market leaders
- To analyze strategic approaches such as acquisitions and divestments, expansions and investments, product launches and approvals, agreements, collaborations, and partnerships in the biopesticides market
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Organic farming is the key factor driving growth in the biopesticides market during the forecast period.
Biopesticides include active agents such as bacteria, fungi, and viruses. These products are completely natural and hence, do not harm the environment. There is increasing support for the deployment of biological solutions as alternatives to chemical pesticides in both organic farming and IPM systems. These biological solutions are more cost-effective than chemical pesticides. Vegetable farming, orchard crops & berries, and organic agriculture are the key segments consuming biopesticides. The rising environmental concerns regarding the use of chemical pesticides, along with government support in many countries, are the major factors that are propelling the demand for biopesticides. The growth of the biopesticides market is estimated to be significant in most regions.
By type, the bioinsecticides segment is estimated to dominate the biopesticides market in 2018.
Bioinsecticides include biocontrol agents, which are microbial or plant-extract based. Viruses, bacteria, fungi, protozoa, and mites are employed to control a variety of insects that affect both plants and animals. Although insects are attacked and affected by a large number of microorganisms, only a limited number of them have found commercial application. The technology for production and application of biopesticides has been developed in many countries. The important feature of bioinsecticides is that they are specific to a well-defined range of target insect species. This is in contrast to chemical pesticides, which usually affect a broad spectrum of insects, which includes beneficial insects.
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The North American region dominated the global biopesticides market in 2018.
The biopesticides market in North America is projected to witness significant growth during the forecast period due to the prospect of organic farming, availability of water & land, entrepreneurial farmers, and efficient infrastructure. North America was the largest consumer of biopesticides and is a key exporter of agricultural products. The region is mainly dominated by large-scale operations, primarily exports, with an organized distribution chain.
This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Bayer CropScience (Germany), Syngenta (Switzerland), BASF (Germany), Marrone Bio Innovations (US), Isagro (Italy), Valent BioSciences Corporation (US), Certis (US), Koppert (Netherlands), Bioworks (US), Stockton Group (Israel), FMC Corporation (US), and UPL (India).
- In February 2019, Marrone Bio Innovations gained regulatory approval for its MBI-110 Bacillus strain, which covers a wide array of fungal diseases. The new strain has been currently undergoing testing and would form the active ingredient in the company’s Amplitude and Stargus fungicides.
- In December 2018, Koppert Canada opened a new facility in Leamington, Ontario, Canada. The new facility would allow better testing of Koppert’s line of biological products. The new facility is also expected to bridge the supply chain gap between the company and its customers.
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