The rising number of land under organic farming is expected to increase the demand for biopesticides during the forecast period, which in turn, will boost the global biopesticides market. According to a report, by Fortune Business Insights, titled, “Biopesticides Market,” the global biopesticides market is projected to reach USD 10.19 Billion by the end of 2025, thereby exhibiting a CAGR of 14.93%. However, the global market size was valued at USD 3.36 Billion in 2017.
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The report consists of an industry analysis and an elaborate overview of the global biopesticides market. The global supply-and-demand scenario is broken down in this report by type, crop, source, geography, and model of application. It further assesses the global market dynamics, such as major driving factors, challenges, opportunities, regional analysis, key market developments, future trends, and renowned market players.
List of Companies Profiled:
- Isagro
- Koppert
- Bayer CropScience
- Stockton Ltd.
- Syngenta AG
- Valent BioSciences
- BASF
- BioWorks Inc.
- DowDupont
- Marrone Bio Innovations
"Microbial Sub-segment to Exhibit Growth Backed by Increasing Usage in Cultivated Environments"
In terms of source, the global biopesticides market is grouped into biochemical and microbial. Amongst these, the microbial sub-segment currently accounts for the highest share in the global biopesticides market. It consists of fungi, bacteria, and others. The segment is expected to remain dominant during the forthcoming years. It is likely to occur due to a rise in the usage of microbial-based biopesticides as they are very effective in protecting a wide range of plant pathogens in several cultivated environments, namely, nurseries, fields, glasshouses, and greenhouses. Furthermore, microbial-based biopesticides can efficiently control various types of pests in horticultural crops. It is further aiding in the global biopesticides market growth.
"Stringent Rules to Prevent Usage of Synthetic Chemicals to Favor Growth in North America and Europe"
Geographically, the global biopesticides market is divided into Asia Pacific, North America, the Middle East and Africa, South America, and Europe. Out of these regions, at present, North America and Europe are considered to be two of the largest markets for biopesticides. The report mentions that these regions are projected to retain their position throughout the forecast period.
Several enterprises are taking initiatives to protect the environment from the hazardous effects of synthetic chemicals. Hence, they are putting forward strict rules and regulations to reduce the usage of such harmful chemicals that are often used to protect crops. It is one of the major factors that is affecting the biopesticides market in both North America and Europe positively. Asia Pacific and South America, on the other hand, are considered to be the developing biopesticides markets and they are anticipated to exhibit immense growth in the coming years.
Read More in this Press Release:
"Kimberlit Agrociências Launches Bionat Brand to Enter in Biopesticides Market"
Kimberlit Agrociências, a specialty fertilizer company, headquartered in Brazil, announced the launch of its brand called Bionat in June 2019. Kimberlit is expecting to receive registrations for the commercialization of two fungi. Those fungi act as biological insecticides. One of them is a biological fungus that can control numerous species of spittlebugs (Dalbulus maidis). That fungus is named Metarhizium anisopliae.
The other one is Beauveria bassiana, a microbiological insecticide that will be used to control pest mites and insects, especially the brindle mite (Tetranychus urticae) and whitefly (Bemisia tabaci). The company has recently collaborated with the Brazilian Industrial Research and Innovation Company, Embrapa Genetic Resources and Biotechnology, and with the Biological Institute of Campinas.
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