To 2024, Biopesticides Market to grow at a CAGR of over 5.8%

Increasing population along with reducing arable land globally are the key factors fueling the biopesticides market growth. Strong regulatory compliance for organic pesticides along with high efficiency are projected to fuel the product demand.

Selbyville, United States – August 27, 2019 /MarketersMedia/ —

The size of Biopesticides Market was anticipated as $1.8 billion in the year 2016 and is predicted to touch $2.5 billion till 2024, rising with a CAGR of 5.8% between the years 2019 to 2024 as per the research was done by Global Market Insights, Inc.

Biopesticides market is poised to witness significant gains with the escalating demand for healthy crop generation. The industry has been evolving at a rapid pace, which is quite evident from the growing consumer preferences for organic food and demand for eco-friendly crop protection pesticides. Another prominent driver influencing global biopesticides market growth is the declining availability of arable land. This has encouraged the farming sector to use more eco-friendly pesticides over chemicals, as the carbamate, organophosphorus, and halogenate present in chemical pesticides can lead to land and water contamination.

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The research and development activities with regards to biopesticides are steadily improving, thereby contributing toward the development of effective products. Speaking of which, bioinsectides, biofungicides, and bioherbicides are the three main product categories within the biopesticides market. These products are becoming increasingly popular among the farmers as they promote sustainable agriculture. Bioinsectides contain living bacteria that cause stomach poison among the insects and thus raze them off the crops. Continuous climate changes have led to a high demand for bioinsectides, owing to which biopesticides market share from bioinsecticides is projected to grow at an annual rate of 6% over 2017-2024.

Microbial sources of biopesticides is gaining considerable traction as they are safe to use in all the stages of plant growth and are non-toxic. On that note, fungi, viruses, bacteria, yeast, and protozoa are the various microbial sources which are used in biopesticides.

Biopesticides come in both liquid and dry formulations. The liquid formulation is estimated to be the fastest growing market at a rate of 6.2% over 2017-2024, owing to the products’ increased shelf life and ease of storage.

Accounting for more than 35% of the global industry share, North America biopesticides market is set to witness profitable growth prospects over the coming seven years. Strict norms and regulations toward food safety and higher demand for organic food has contributed to the regional market expansion. U.S. is one of the leading countries involved in fortifying the regional biopesticides industry share, having generated a revenue of USD 550 million in 2016.

Asia Pacific biopesticides market will witness significant growth due to increasing investment from several multinational companies, advancement in biotechnology, demand for organic food and improving farming practices.

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Europe biopesticides market will witness gains over 6.2% up to 2024. Shifting preference for healthy and nutritious food, stringent regulations on the chemical pesticides along with government promotions for farmer education will support the regional demand.

Global biopesticides market is still at developing stage due to low adoption as compared to synthetic pesticides. Bayer Crop Science, Marrone Bio Innovations, Monsanto Company, Koppert Biological Systems, BASF, Certis, and Valent Biosciences are the major industry players.

Glimpse of Table of Content (ToC)

Chapter 3. Biopesticides Industry Insights

3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Manufacturers
3.3.3. Distributors
3.4. Distribution channel analysis
3.4.1. Government
3.4.2. B 2 B
3.4.3. B 2 C
3.5. Vendor matrix
3.5.1. Role
3.5.2. Product portfolio
3.5.3. Global presence
3.5.4. Production capacity of key players
3.6. Technology & innovation landscape
3.6.1. Biopesticides production landscape
3.6.2. Top patent holders
3.6.3. Patent filing trends
3.6.4. Geographical distribution of patents
3.7. Trade statistics
3.7.1. Net export
3.7.2. Net import
3.8. Raw material trends
3.8.1. Microbial pesticides
3.8.1.1. Bacterium
3.8.1.2. Fungus
3.8.1.3. Virus
3.8.2. Plant-Incorporated-Protectants (PIPs)
3.8.3. Bioderived chemicals
3.9. Regulatory landscape
3.9.1. Organic farming
3.9.1.1. North America
3.9.1.2. Europe
3.9.1.3. APAC
3.9.1.4. MEA
3.9.1.5. LATAM
3.10. Key buying criteria
3.10.1. Biopesticides vs chemical pesticides
3.11. Pricing trends
3.11.1. NA
3.11.2. EU
3.11.3. APAC
3.11.4. LATAM
3.11.5. MEA
3.11.6. Cost structure analysis
3.12. Industry impact forces
3.12.1. Growth drivers
3.12.1.1. Rise in the costs of chemical fertilizers & pesticides
3.12.1.2. Increasing farm expenditure
3.12.1.3. Decrease in arable land
3.12.1.4. Rising organic food demand
3.12.2. Industry pitfalls challenges
3.12.2.1. Lack of awareness & low adoption rate of biopesticides
3.12.2.2. Fluctuation in raw material prices
3.13. Growth potential analysis
3.14. Porter’s analysis
3.15. Competitive landscape, 2016
3.15.1. Market share analysis
3.15.2. Top players overview
3.15.3. Strategy dashboard
3.15.3.1. Expansion through agreements, acquisitions, and joint ventures
3.15.4. Potential customers overview
3.16. PESTEL analysis

Chapter 4. Biopesticides Market, By Product

4.1. Biopesticides market share by product, 2016 & 2024
4.2. Bioherbicides
4.2.1. Market estimates and forecast, 2013 – 2024
4.3. Bioinsecticides
4.3.1. Market estimates and forecast, 2013 – 2024
4.4. Biofungicides
4.4.1 Market estimates and forecast, 2013 – 2024
4.5. Others
4.5.1. Market estimates and forecast, 2013 – 2024

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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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