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What are the Key Drivers for Biopesticides Market ? Top Players : Valent BioSciences Corporation, Certis (US), Marrone Bio Innovations, Bioworks, FMC Corporation, Stockton Group

Biopesticides

Biopesticides

The global biopesticides market size is expected to witness potential gains in the future, and register a significant CAGR of 15.92% over the forecast period (2019 - 2027). The market was valued at US$ 2.9 billion in 2018, and is expected to reach US$ 6.5 billion by 2027.

Market Overview

Biopesticides are derived from natural materials such as plants, bacteria, fungi, and virus. There are three major types of biopesticides: biochemical pesticides, microbial pesticides, and plant-incorporated-protectants (PIPs). Biopesticides are used in organic farming, eco-friendly pest management, controlling pant diseases, seed treatment, and soil amendments.

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Market Dynamics

Considerable pressure on farmers to reduce or eliminate the use of pesticides in crop production systems, owing to the effects of pesticide residues on human health and on the environment is a major factor boosting growth of the market.

Market Outlook

North America is expected to be the largest market followed by Europe in the global biopesticides market. This is due to stringent regulations against the use of chemical pesticides that eventually promote the use of biopesticides in the region.

Key Players

Some of the major players operating in the global biopesticides market include, Valent BioSciences Corporation, Certis (US), Marrone Bio Innovations, Bioworks, FMC Corporation, Stockton Group, UPL, Bayer CropScience, BASF, Syngenta, Isagro, and Koppert

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