Biopesticides Market, Worth, Industry & Landscape Outlook, Revenue Growth Analysis to 2027

The global Biopesticides Market is forecast to reach USD 10.11 Billion by 2027, according to a new report by Reports and Data. The growing demand from emerging markets will help the biopesticides Market to maintain a stable growth rate over the forecast period. The manufacturers of organic insecticides are launching new products and collaborating with prominent brands in order to strengthen the market.

Due to the pandemic, there are high chances of disruption in the supply chain and influence ingredients and raw material supplies. The financial crisis can let people shrink down their expenses, which can lead to a decrease in the demand of the food industry, adversely affecting the biopesticides market. Though food demand is inelastic, but there can be a change in the dietary patterns of the consumers. While the above reasons can lead to a negative impact, but the inelasticity of demand for food will significantly result in the growth of the industry. Due to the COVID-19, the manufacturers of the biopesticides are adopting safety regulations and strategies, which may result in the industry's growth over the forecast period.

Key participants include Valent Biosciences LLC, Koppert Biological Systems, Bayer CropScience AG, Syngenta AG, Marrone Bio Innovations, Andermatt BioControl AG, Stockton BIO-AG Technologies, International Panaacea LTD, Certis USA L.L.C and BASF SE, among others.

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PEST analysis of the market in the five major regions.
Further key findings from the report suggest

The Bioinsecticides segment held a significant share in the market. It is environmentally friendly and helps the crops get rid of the harmful insects and not from the beneficial insects. The growing concerns among consumers regarding the environmental hazards caused by chemical pesticides, an increasing number of resistant pests, and high chances of insect-based infections have boosted the biopesticides industry.
Based on the type of crops on which the biopesticide is applied, the fruits and vegetable segment registers the highest growth capturing almost 52.6% of the market mainly due to the increasing production of fruits and vegetables globally and increasing adoption of organic farming.
North America has the highest adoption rate in the market and has registered a revenue of about USD 1.45 billion in 2019. The easy registration process for the bioinsecticides manufacturers initiated by the EPA has resulted in the entrance of many new manufacturers in the industry. The increasing interest in green agricultural practices and the strict government actions towards excessive use of chemical insecticides have driven the growth of the industry in the region. Both Asia-Pacific and North America are expected to anticipate significant growth over the forecast period.
The biopesticides market is adopting some wiser strategies in order to say competitive in between the growing demand of the product. Collaborations have been observed between prominent brands in order to increase their product portfolio and enter new markets. In order to hold the position of the products in the competitive market, companies are adopting effective marketing and branding strategies.
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For the purpose of this report, Reports and Data have segmented the global Biopesticides Market on the basis of product type, crop type, mode of application, source, formulation and region:

Product Type Outlook (Revenue, USD Billion; 2017-2027)

Bioherbicides
Bioinsecticides
Biofungicides
Bionematicides
Others
Crop Type Outlook (Revenue, USD Billion; 2017-2027)

Fruits & Vegetables
Cereals & pulses
Grains & Oilseeds
Others
Mode of Application Outlook (Revenue, USD Billion; 2017-2027)

Seed treatment
Foliar spray
Soil treatment
Others
Source Outlook (Revenue, USD Billion; 2017-2027)

Biochemical
Microbial
Beneficial Insects
Others
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Formulation Channel Outlook (Revenue, USD Billion; 2017-2027)

Liquid Formulation
Dry Formulation
Regional Outlook (Revenue, USD Billion; 2017-2027)

North America
US
Canada
Europe
Germany
UK
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
MEA
Saudi Arabia
UAE
Rest of MEA
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