Market Overview:
Biopesticides are obtained from natural sources such as animals, plants, bacteria, and certain minerals. They include naturally occurring substances that control pests. Growing demand for green label products and shifting consumer preferences towards organic products has increased the demand for biopesticides in the agricultural sector.
Biopesticides have no problem of toxic residue. Moreover, they provide a permanent or long-term control on pests which is driving the growth of the market. Additionally, their ecofriendly attribute is gaining popularity globally. Commercially available of biopesticides comes in liquid and dry form, which includes bioherbicides, bioinsecticides, and biofungicides. Biopesticides are effective on microbial infections that are found to be a major factor for spoilage of crops; this is a major driving factor for the rising acceptance of biopesticides in the agriculture sector across the globe. Moreover, growing demand for green label products in the developed countries is driving the growth of biopesticides market.
Rising concerns from the use of synthetic pesticides is boosting the growth of biopesticides market. Moreover, government support in many countries in favor of environment friendly products is adding fuel to the growth of biopesticides market. However, availability of economical synthetic pesticides is considered to be a major restraint to the market growth of the biopesticides over the forecast period.
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Latest Industry Updates:
Dec 2017 Coromandel International Ltd has acquired the bio-pesticides business of E.I.D. Parry (India) Ltd. together with its wholly-owned subsidiary Parry America, Inc, US, through a slump sale. The acquisition includes purchase of bio-pesticides business of E.I.D. Parry together with its R&D unit, captive plantations and its wholly-owned subsidiary Parry America, Inc.
Aug 2016 BioWorks has introduced new biopesticide BotaniGard MAXX. The new mycoinsecticide has a quick knockdown effect with natural pyrethrins paired with Beauveria bassiana Strain GHA as the active ingredients.
Mar 2017 Marrone Bio Innovations, Inc. has expanded beyond biopesticides and crop protection and into the biostimulant market by commercially launching Haven Anti-transpirant for use in a broad range of fruit, nut and vegetable crops, in addition to corn, wheat and turf.
Competitive Analysis:
Key manufacturers are focusing more on expanding their product range by adding value to their existing products. Growing acceptance of biopesticides among consumer has significantly allowed the market players to worm more on biopesticide products. Also, the key players in the biopesticides industry are involved in presenting new products with enhanced mechanism. Additionally, increasing demand among the farmers for bio based agricultural products is found to be a driving factor towards the growth of global biopesticides market.
The key players profiled in biopesticides market report are Bayer Crop Science AG (Germany), DuPont (U.S.), BASF SE (Germany), Monsanto Company (U.S.), Syngenta (Switzerland), Novozymes Biologicals (Denmark), and Certis USA LLC (U.S.) among many others.
Market Segments:
The global biopesticides market has been divided into type, form, crop, application, and region.
On the Basis of Type: Bioherbicide, Bioinsecticide, Biofungicide, and Others
On the Basis of Form: Dry, Liquid, and Others
On the Basis of Crop: Cereals & Grains, Fruits & Vegetables, Oilseeds, and Others
On the Basis of Application: Foliar Spray, Seed Treatment, Soil Treatment, and Others.
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
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Regional Analysis:
The global biopesticides market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market with the U.S. as the major contributor. Increasing demand for organic food in North American countries is driving the market for biopesticides in this region. Advanced agricultural techniques in Europe are expected to drive the biopesticides market at a highest rate in this region over the forecast period. Asia Pacific is witnessed to be the fastest growing region over the forecast period. India and China which are two of the largest countries in terms of population are majorly contributing the growth of biopesticides in this region. In rest of the world, South America is projected to dominate the market.
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