Biopesticides Market Worth $10.24 Billion by 2025

According to this latest publication from Meticulous Research?, the Global Biopesticides market is expected to grow at a CAGR of 16.1% from 2019 to reach $10.24 billion by 2025. In terms of volume, the market is expected to grow at a CAGR of 9.9% from 2019 to 2025 to reach 221.9 million kg by 2025. The growth in the Biopesticides market is mainly attributed to increasing investment by leading crop protection companies in biopesticides space, growing awareness about environmental safety with the use of biopesticides, growing organic farming & demand for organic food, and increasing government initiatives to promote the use of biopesticides across the globe. However, factors such as lack of awareness & low adoption of biopesticides in certain regions, low shelf life & inconsistent performance of biopesticides, and various challenges to new entrants & small companies are expected to hinder the growth of biopesticides market.

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The global biopesticides market study presents historical market data in terms of value and volume (2017 and 2018), estimated current data (2019), and forecasts for 2025-by type (bioinsecticide, bio fungicide, bionematicide, and bioherbicide), origin (microbial, biochemical, plant-incorporated protectant), application (foliar spray, seed treatment, soil treatment, post-harvest, and root treatment); form (liquid form and dry form), and crop type (fruits and vegetables, Grains, Cereals, and oilseeds, and other crops). The study also evaluates industry competitors and analyzes the market at a regional and country level.

Based on type, bioinsecticides segment is estimated to command the largest share of the overall biopesticides market in 2019. The large share of this market is mainly attributed to growing awareness regarding environmental hazards due to chemical insecticides, high prevalence of insect-based infections, and a rise in a number of resistant pests. However, the bionematicide segment is estimated to register the rapid growth during the forecast period of 2019-2025. The fast growth of this market is attributed to the growing crop infection by nematodes and strict government regulations on chemical nematicides.

Based on origin, the microbial biopesticide segment is estimated to command the largest share of the overall biopesticides market in 2019. As microbial origin pesticides are composed of naturally occurring viruses, fungi, or bacteria, they are mostly preferred for organic and residue-free food production. Further, factors such as the higher advantage of selectivity; high effectivity; no adverse effects on humans, plants, and animals; and ease of use are responsible for the rapid adoption of the microbial biopesticides.

Based on form, liquid form is expected to be the largest segment of the overall biopesticides market in 2019, mainly due to the higher effective duration (up to 6 months) as compared to that of dry formulation (up to 3 months), as well as their better performance over dry formulation in controlling diseases.

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Based on the application, the foliar spray segment is estimated to account for the largest share of this market in 2019. The large share of this segment is mainly attributed to its higher efficiency as compared to other modes of applications. Also, the increased awareness of foliar spray products in emerging markets and ease of application further supports the dominance of this segment.

This research report analyzes major geographies and provides a comprehensive analysis for North America (U.S., Canada), Europe (France, Germany, Spain, Italy, U.K. and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and RoAPAC), Latin America, Middle East, and Africa. North America commanded the largest share of the global biopesticides market in 2018, followed by Europe and Asia-Pacific. However, Asia-pacific region is projected to show lucrative growth potential for the biopesticides market during the analysis period. The growth in the Asia-Pacific region is mainly attributed to the increasing demand for organic food products, high prevalence of crop diseases, and government initiatives to develop and increase application of biopesticides in the region.

The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2016-2019). The key players operating in the global Biopesticides market are BASF SE, Bayer CropScience AG, Marrone Bio Innovation, Certis USA L.L.C., The Dow Chemical Company, Monsanto Company (Part of Bayer), Isagro S.P.A., Camson Bio Technologies Limited, Andermatt Biocontol AG, Som Phytopharma India Limited, Syngenta, International Panaacea Ltd, The Stockton Group, BioWorks, Inc., Novozymes, Inc., Koppert B.V., W. Neudorff GMBH KG, Invivo Agrosciences, Valent U.S.A. LLC, and FMC Corporation.

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Key questions answered in the report-

Which are the high growth market segments in terms of type, mode of application, crop type, origin, and countries?
What is the historical market for biopesticides across the globe?
What are the market forecasts and estimates from the period 2019-2025?
What are the major drivers, restraints, opportunities, and challenges in the global biopesticides market?
Who are the major players in the global biopesticides market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global biopesticides market?
What are the different strategies adopted by the major players in the global biopesticides market?
What are the geographic trends and high growth countries?
Who are the local emerging players in the global biopesticides market and how do they compete with the other players?

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