The global biopesticides market accounted for a value of USD 3.1 billion in 2019 and is projected to register growth at a CAGR of 12.3% during forecast period.
COVID-19 has impacted the biopesticides market but the impact is not significant. The manufacturing plants are operating and there is no significant impact on supply chain of biofertilizers. Many manufacturing are operating across the world and the service providers are providing biofertilizers products. All these manufacturing units and service providers ensure maximum safety and sanitation during COVID-19.
For more details, visit: Global Biopesticides Market By Type (Bionematicides, Biofungicides, Others), By Application (Soil Treatement, Foliar Spray, Others.), By Form (Dry and Liquid), By Crop Type, By Source, By Region, Forecast & Opportunities to 2026
The agricultural sector is growing immensely and adopting modern techniques and equipments in industrial segment. Biopesticides are used to control pests without harming environment and it does not affect soil. It is very effective and made from organisms or plant. This drives growth in biopesticides market during forecast period.
On the basis of type, the biopesticides market is segmented into bionematicides, biofungicides, bioinsecticides, bioherbicides and others. Bioinsecticides segment is estimated to dominate the market during forecast period. The demand for pest resistance is increasing across the world as insect pest damage the growth of the crops and plants. It even damages crops after harvesting or in storage which leads to loss of crops. The crops marketability also reduces due to insect pest infestation. The population is increasing which leads to increase in food consumption. The demand for food is constantly increasing and government is promoting use of bioinsecticides to protect crops from damaging to fulfill food demands of citizen. This drives growth in bioinsecticides segment during forecast period.
On the basis of source, the biopesticides market is segmented into biochemical, microbial and others. The microbial biopesticides segment is estimated to be fastest growing segment at a 6% CAGR during forecast period. Microbial segment is highly preferred where use of traditional pesticides is ban or not feasible. Many urban and recreational areas have banned use of pesticides which contain chemicals. The major microbial sources are viruses, yeast, protozoa and bacteria. This increase in adoption of microbial biopesticides drives growth in this segment during forecast period.
On the basis of application the biopesticides market is segmented into seed treatment, soil treatement, foliar spray and others. The foliar spray segment is estimated to be fastest growing segment during forecast period. Foliar spray is used by farmers as it helps in pest control in the infected area of crops or plants. It is more effective and helps in safe application. The mechanization is increasing rapidly in agriculture. This drives growth in foliar spray application during forecast period.
North America region accounted for largest market share of XX% in 2019 and it estimated to grow at significant rate during forecast period. The export is increasing in this region and US is estimated to be the largest exporter of fruits and vegetables. The demand for export is increasing in this region. Farmers in North America are adopting various biological processes to protect crop to meet demand for export. The consumers are demanding organic food in this region which results in high adoption of biopesticides and this drives growth in North America region during forecast period.
The key market players in biopesticides industry are BASF SE, Bayer AG, Biobest Group, Certis USA, Novozymes, Marrone Bio Innovations, Syngenta AG, Nufarm, Som Phytopharma, Valent Biosciences, BioWorks, Andermatt Biocontrol, International Panaacea, Bionema, Vegalab S.A., Isagro, FMC Corporation and Koppert Biological Systems.
- What are the expected industry trends over the next three to five years?
- Which of the biopesticides type is likely to lead by 2025?
- Which of the form segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?