Biopesticides Market Explore Future Growth 2019-2024 by Global Top Players - Certis USA L.L.C., Bayer AG, Syngenta International AG, FMC Corporation, Novozymes A/S, Gujarat State Fertilizers and Chemicals Ltd, AGRICHEM, Symborg S. L., Biotech Internationa

Growing environmental concerns regarding the use of synthetic (chemical-based) pesticides coupled with government support in many countries have been acting as major factors fueling the demand for biopesticides. Biopesticides are pesticides which are derived from renewable materials such as plants, animals, bacteria and some minerals. Biopesticides are used to control the effect of weeds, pests and insects on field crops. Growing health concerns regarding the use of synthetic (chemical-based) pesticides has also been contributing to the growth of global biopesticides market.

The development of organic products market around the world has generated awareness mainly in consumers of developed economies regarding their benefits over synthetic their synthetic counterparts. This shift in trend towards adoption of organic products has led to the growth of global biopesticides market. In addition, governments of various nations across the globe have been promoting the benefits offered by biopesticides which has further boosting the growth of market. However, there is still a considerable part of the world which is unaware about the benefits offered by biopesticides and this factor has been inhibiting the market. Underdeveloped countries mainly in South Asia and Middle East & Africa lack the awareness about biopesticides and its application

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Scope of the Report

According to EPA, “Biopesticides are certain types of pesticides, derived from such natural materials as animals, plants, bacteria, and certain minerals.” The present study takes into consideration both microbial and organic pesticides. The market is broadly segmented into bioinsecticide, bioherbicide, biofungicide, and others.The report presents a wide-ranging analysis of market share, size, and volume of the biopesticide market on a global scale. The corporations in the biopesticide market operate in B2B, as well as B2C, format. However, to eliminate any “double-count” error in market estimations, bulk buyers procuring these biopesticides for retail sale are, after value-addition through further processing, not considered within the market studied.

Biopesticides Market: Historical and Evolutionary Landscape

Biopesticides have come a long way since they were used to control agricultural pests as early as 17th century, before the advent and widespread adoption of cheaper yet more toxic synthetic chemical pesticides. Although the science of biopesticides is still considered to be young and evolving, they have captured significant attention for advantages associated with the environmental safety and suitability in the integrated pest management (IPM) programs. In 2018, the global sales of biopesticides were valued at ~ US$ 5 billion, and increasing restrictions on synthetic chemical pesticides continue to favor the market growth.

However, it is imperative to note that, lack of awareness and education regarding the unique modes of action of biopesticides and lingering perceptions of high cost and low efficacy remain major obstacles for the manufacturers and suppliers. In addition, most farmers, especially in the developing countries, are familiar with the use of synthetic pesticides for greater profits in short span of time, and are hesitant to experiment new products due to financial barriers, which continues to challenge the market growth.

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Bioinsecticides – A Credible Product for Organic Pest Management

Bioinsecticides continue to experiment relatively high demand as compared to other products such as bioherbicides, biofungicides, and bionematicides. As bioinsecticides account for ~70% share of the market, manufacturers are particularly focused on this category, offering enhanced pest control and ensuring food security. Further, to tackle difficulties associated with finding bioactivity against insects, key manufacturers are targeting to increase the number of microbes tested against insects and develop effective products.

In biopesticides market, product innovations and development remained influenced by the increased calls for the adoption of sustainable and cost-effective measures. While the biopesticides are used as pest-control materials in the cultivation of various agricultural products, it is the demographic shift in the preference for organic fruits & vegetables which has sprung the demand in the recent times. With increased stringency of chemical-residue-related regulations, high incorporation of IPM programs in developing countries, and easier registration of biopesticides than chemical pesticides, manufacturers are likely to capitalize on the new-found opportunities. Innovations have also been forthcoming for liquid formulation of biopesticides for foliar application, as the category continues to witness higher demand.

Competitive Landscape

In the global biopesticide market, companies are not only competing based on product quality and promotion but are also focused on strategic moves, to hold larger market shares.New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the global biopesticide market.In the market studied, companies not only compete on new product launches but also focus on strategic moves, to acquire larger market shares.The results of the market share analysis indicate a highly fragmented market. The major players include - Valent Biosciences Corporation, Koppert BV, Certis USA LLC, Bayer Cropscience AG, and Syngenta.The major acquisitions taking place between companies to develop biopesticides, indicates that the focus on bio-based products are increasing rapidly. The players in the market are investing heavily in this market, to diversify their biological research divisions in the expanding market place.

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