Biopesticides Market Research Report Competitive Analysis, Growth and COVID-19 Impact On Global Industry Trends and Outlook 2020 to 2025
Biopesticides are biochemical pesticides that are used to control various pests and disease carriers, including rats, ticks and mice. Unlike conventional pesticides, they are relatively less toxic as they are derived from natural sources, such as plants, animals, bacteria, fungi, virus and minerals. They closely target pests and related organisms, which makes them highly effective even in small quantities. Apart from this, since they are decomposable in nature, their usage aids in lowering exposures and pollution rates. As a result, biopesticides are widely used as a preferred solution for long term control of pests and insect infestation in the agricultural sector.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Biopesticides Market Trends:
The global market is primarily driven by the increasing demand for safe and effective pest control measures in the agricultural sector. Synthetic pesticides often cause microbial imbalance and soil pollution while leaving chemical residues in fruits and vegetables. Rising awareness regarding this, in turn, is facilitating the uptake of biopesticides. The market is further driven by the growing adoption of organic farming practices. This is being supported by the enhanced focus toward agricultural sustainability and environmental safety, along with significant growth in the agricultural sector. Inflating disposable incomes and changing lifestyle preferences of the masses have also led to the increasing demand for organic fruits and vegetables. This, coupled with the implementation of stringent government regulations to limit the use of chemicals and favorable initiatives undertaken to promote sustainable farming practices, is creating a positive outlook for the market. On account of the aforementioned factors, the market is expected to reach a value of US$ 7.8 Billion by 2025, registering a CAGR of 14.5% during 2020-2025.
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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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined 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, etc.
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