High Demand In Modern Agriculture To Drive The Biopesticides Market Growth

Biopesticides Market Size, Share, Trends, Growth, Analysis, Research

Global Biopesticides Market: Key Highlights

  • According to the new market research report “Biopesticides Market by Product (Bioherbicides, Bioinsecticides, Biofungicides, Others), by Type (Biochemical, Microbial, and Plant-Incorporated-Protectants), by Formulation (Dry and Liquid), by Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment, and Post-harvest), by Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds, Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) – Global Forecast (2020 to 2027)”, the global biopesticides market is projected to register a CAGR of around 14%, reaching a value of USD 13.5 billion by the end of 2027.
  • Biopesticides are naturally derived from animals, plants, bacteria, and certain minerals
  • These pesticides contain less toxic and are biodegradable, hence, are environmentally-friendly
  • They create less pollution as they break down quickly and are effective in small quantaties
  • There are 299 registered biopesticide active ingredients and 1,401 active biopesticide product registrations, as of April 2016

Biopesticides Market

Global Biopesticides Market: Key Market Dynamics

  • Various benefits offered by the biopesticides such as the low toxicity and efficiency promote its demand
  • Biopesticides affect only target pest, as compared to the chemical pesticides which affect non-targeted organisms such as birds, insects, and mammals
  • These are cost-effective and biodegradable as well. Consumer preference towards organically grown products is a key factor driving the global market
  • Increasing adoption of the Integrated Pest Management programs is another prime driver of the market
  • The short shelf life of the biopesticides is a key restraining factor to the growth of the market
  • Availability of counterfeit products in the market is a major challenge faced by the manufacturers in this market

Global Biopesticides Market: Regional Overview

  • North America

According to one of the manufacturers, Certis USA L.L.C., North America represents around 40% of the global demand for biopesticides. That demand is driven by several factors such as the increased interest in green agricultural practices and the loss of many conventional products to reregistration and performance issues. Moreover, changes in international laws and regulations and consumers’ demand towards the consumption of organically grown food is driving the demand for biopesticides in the region.

  • Europe

The adoption of strict environmental laws and regulations for the use and trade of chemicals has resulted in manufacturers shift towards the biobased products. For instance, Sustainable Algae Biorefinery for Agriculture and Aquaculture (SABANA) is a project under Horizon 2020, which aims at developing a large-scale integrated microalgae-based biorefinery for the production of biostimulants, biopesticides, feed additives, biofertilizers, and aquafeed, using only marine water and nutrients from wastewater.

Global Biopesticides Market: Key Players Overview

  • FMC Corporation:

FMC Corporation is a chemical manufacturing company and serves global agricultural, industrial, and consumer markets. The company operates through two business segments namely FMC Agricultural Solutions and FMC Lithium. In July 2019, FMC Corporation submitted two new active ingredient microbial pesticide strains, RTI 301 and RTI 477. This unique combination of two bacilli strains offers a new option for growers to suppress some difficult to control and yield-robbing diseases such as Sudden Death Syndrome (SDS) in soybeans as well as Fusarium, Rhizoctonia, and Phytophthora.

  • Syngenta:

Syngenta is one of the leading science-based agrotech company. The company operations in over 90 countries. The crop protection sales stood at USD 10.4 billion in 2018. In March 2019, the company launched its first bioinsecticide, Costar, to be sold in Portugal. The product is formulated based upon Bacillus thuringiensis and has been authorized to be used in more than 50 agricultural crops, including grapes, fruits, vegetables, olive trees, and rice.

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Rep Id : AG 04

Published : 2020-10-02

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