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Biopesticides Market New Growth and Opportunity by stimulating industry Key players: Marrone Bio Innovations, Certis Europe, Valent BioSciences, SEIPASA, Koppert Biological Systems, Valent BioSciences, SEIPASA, Bayer Crop Science, Monsanto Company, BASF

Biopesticides Market

Biopesticides Market

The deployment of soil aggregates has risen considerably over time, and has been primarily responsible for Biopesticides Market expansion. The use of the bio pesticides has increased significantly owing to the growing requirement to improve soil fertility. In addition, improving crop production has also become a mandate, pertaining to the ever-growing population and the subsequent requirement for food.

This is undoubtedly, one of the most essential drivers fueling biopesticides industry share. The hazardous effects of chemical pesticides on soil quality and productivity have also become known to consumers of late, which is another factor that is likely to impact global biopesticides market trends noticeably. Given the widespread product usage across myriad applications, it is no surprise that worldwide biopesticides market has been forecast to surpass a revenue generation of USD 2.5 billion by 2024, having held an initial valuation of USD 1.8 billion in 2016.

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U.S. biopesticides market generated over USD 550 million in 2016. Shifting preference towards organic food along with rising consumer awareness about health and environment will drive the demand. Germany market will witness growth over 6% up to 2024. Government as well as institutional initiatives and promotions for product usage will positively influence the product demand in this region.

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.

Growth drivers

• Rise in the costs of chemical fertilizers & pesticides
• Increasing farm expenditure
• Decrease in arable land
• Rising organic food demand

Biopesticides Market, By Product

• Bioherbicides
• Bioinsecticides
• Biofungicides

Liquid biopesticides market will witness growth over 6.2% due to its relatively increased shelf life. Water-based formulations consist inert ingredients including stabilizers, surfactants, stickers, coloring agents, anti-freeze compounds, and additional nutrients.

Various regulatory organizations across the globe have kickstarted research and development programs with an aim to develop advanced technology. Denmark, for instance, has commenced the Green Growth policy, which provides financial support to the developers to invent new plant protection items. Numerous EU countries have been launching such national programs to promote consumption of bio-products. On these grounds, Europe biopesticides market will collect substantial revenue with an annual growth of more than 6.2% over the coming seven years. France and Germany will contribute noticeably toward the regional biopesticides market growth.

Biopesticides Market, By Application

• Seed treatment
• Foliar spray
• Soil spray

Biopesticides Market, By Crop

• Grains & oilseeds
• Fruits & vegetables
• Others

Biopesticides Market, By Form

• Dry
• Liquid

Biopesticides Market, By Source

• Microbial
• Biochemical
• Others

Foliar spray dominated the industry accounting for more than 75% of the overall demand in 2016. Increasing adoption of smart farming techniques coupled with extensive R&D will drive the industry. Seed treatment applications were valued over USD 130 million in 2016. Disinfection of seeds for irradiating pathogens and improving seed performance are key benefits offered by the product.

Fruits & vegetables accounted for over 70% of the industry share in 2016. Rising awareness regarding nutritional values of food and healthy diet will support the product penetration in this segment. Increasing demand for organic fruits & vegetables will drive the product demand in this segment.

Biopesticides market size from microbial sources was valued more than USD 1 billion in 2016. Microbial products are widely used in habitats, where chemical pesticides are prohibited including stream or lake borders, recreational areas and schools.

Shifting consumer preference towards organic and sustainable food accompanied by innovation in technology will drive industry growth. Bioherbicides market was valued more than USD 100 million in 2016. Strong application potential due to usability timelines and efficient functioning will drive the product demand. Increasing necessity to improve farm productivity along with regulatory support are the key factors fueling the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Bayer Crop Science
2. Marrone Bio Innovations
3. Monsanto Company
4. BASF
5. Certis Europe
6. Koppert Biological Systems
7. Valent BioSciences
8. Agrolink
9. cairochem
10. Chema Industries
11. Corpfert Group
12. SEIPASA
13. Multimol Micro Fertilizer Industries

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1340

Bioinsecticides will witness CAGR over 6% up to 2024. Rising pests and insects attack levels due to continuous climatic changes coupled with increasing demand for organic pest control are the key driving factors of the industry growth.

Ban on agrochemicals including paraquat and neonicotinoids along with petition to ban glyphosate will facilitate the biopesticides market penetration. Low R&D expenses, ease of registration, along with government subsidies will encourage industry growth over the forecast period.

Lack of awareness among farmers along with large presence of recognized pesticide brands are factors restraining industry growth.

For More Information : https://www.gminsights.com/industry-analysis/biopesticides-market

Industry giants are investing intensively in R&D activities to modify the farming techniques, which will favorably stimulate biopesticides industry share. BioWorks Inc., Syngenta, BASF, Bayer, DuPont, Stoller, Koppert, ADAMA Agricultural Solutions, Valent BioSciences Corporation, Dow, Futureco Bioscience, and Nufarm Limited are few of the key participants in biopesticides market.

The changing consumer preferences toward organic food pertaining to its health benefits have pressurized the wholesale and retail sectors to provide pesticide-free fruits and vegetables. As per reliable studies, organic food & beverage market is slated to collect a revenue of more than USD 300 million by 2024. Speaking of health benefits, fruits and vegetables dominated the overall biopesticides market in 2016 by accounting more than 70% of the revenue contribution. Escalating concerns among the consumers about benefits of pesticide-free products along with growing awareness about nutritional importance of food and healthy diet will enhance industry growth.

The biopesticides industry is still in the development stage. With regards to the same, launching a range of innovative products has become the key growth strategy adopted by industry giants to improve their business position. One of the key challenges of biopesticides market is for small producers to convince farmers for switching over from recognized synthetic pesticides to biopesticides. Nonetheless, with the numerous awareness programs conducted by regulatory bodies, this restraint is likely to be swamped over time.

Browse Related Report :

Bio Derived Enzymes For Detergents Market :

https://www.gminsights.com/industry-analysis/bio-derived-enzymes-for-detergents-market

About Global Market Insights:

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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