Biopesticides Market Trends 2021, Growth Analysis and Forecast to 2026

Key players in the biopesticides market include Koppert B.V., International Panaacea Ltd, Bioworks, Stoller, BASF SE, Syngenta, Nufarm, Valent BioSciences, Futureco Bioscience, Bayer, Parry America, Inc., PT Prima Agro Tech, and Bio Huma Netics Inc.

Delaware, United States – July 23, 2021 /MarketersMedia/ —

In the latest research report by Global Market Insights, Inc., biopesticides market size is likely to surpass US$3.3 bn by 2026.

Over the years, crop protection has been grabbing headlines and has counted on synthetic chemical pesticides. That said, evolution of resistance in pest population and dearth in the availability of synthetic chemical pesticides have reignited the interest in biopesticides.

While the repercussions of the COVID-19 pandemic have become noticeable across food sectors, agriculture industry is showing more resilience to the outbreak. According to FAO, world cereal trade in 2020/21 is likely to be pegged at 433 million tons, fueled by trade expansion of all major cereals.

With rising crop losses caused by pests on the upswing, biopesticides will become a trendy sector. It is projected that biopesticides in seed treatment will have a promising future as lion’s share of the world’s food emanates from crops grown from seed, thereby signifying the relevance of biopesticides.

The advent of genetically modified seeds has added fillip in the biopesticides market as seed treatment continues to play an invaluable role in protecting the investment in high quality seed and helping ensure good crop life.

Prominently, bio-based seed treatment has become highly sought-after for it can help in the improved germination rates, vegetative vigor, and plant stand. Biological-based seed treatment offers revenue generating opportunities for stakeholders as they help to integrate with traditional chemical treatments to extend or improve control and helps to curb the growth of pest resistance to chemical solutions.

Microbial biopesticide will be one of the major sources for the control of pestiferous insects. There have been constant efforts to boost microbial-based products as they are able to control moth larvae found on plants with being inherently less toxic than conventional pesticides. Several leading companies are using biopesticides as a component of integrated pest management (IPM) programs to minimize the use of conventional pesticides, while boosting the crop yields.

Asia Pacific is likely to be replete with investment as biopesticides produce little or no toxic residue and the cost is comparatively lower than that of conventional synthetic chemical pesticides.

Emerging economies such as India and China are projected to provide unparalleled opportunities for the commercialization of biopesticides that contribute to food safety and environmental concerns. With increasing number of lands being cultivated with biofertilizers, APAC will continue to garner investments.

Given that the world’s population is poised to reach 10 bn in the next four decades, North America is also expected to play invaluable role to boost agricultural production. Lately, growing trend towards organic food among gen Z and millennial population has augured well for the growth of biopesticides market.

To access a sample copy or view this report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/1340

Manufacturers of biopesticides face the challenge of keeping up with the compatibility with chemical pesticides and microbial viability at the time of storage. Accordingly, leading companies are vying to up their efforts on seed handling and formulation.

With watchdogs such as EPA encouraging the use of biopesticides, the environmentally friendly way to control pest and pathogens is gradually going mainstream. Report predicts microbial biopesticides will gain impetus, while seed treatment will be highly sought-after among growers.

About Global Market Insights Inc.
Global Market Insights Inc. headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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Name: Arun Hegde
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Organization: Global Market Insights Inc.
Phone: 1-302-846-7766
Website: https://www.gminsights.com/pressrelease/biopesticides-market

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