Biopesticides Market 2022 - Analysis with Focus on Opportunities, Development Strategy till 2028

Biopesticides are certain types of pesticides that are derived from natural sources such as plants, animals, bacteria, and certain minerals. Biopesticides are used to manage agricultural pests, pathogens, and weeds by a variety of means rather than chemical pesticides. The biopesticides can be classified, including microbial pesticides, plant-incorporated protectants and biochemical pesticides.

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The "Global Biopesticides Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biopesticides market with detailed market segmentation by source, product, application and geography. The report provides key statistics on the market status of the leading biopesticides market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

Based on source, the global biopesticides market is segmented into microbial pesticides, biochemical pesticides, and plant-incorporated protectants.
Based on product, the global biopesticides market is segmented into bioinsecticides, biofungicides, bionematicides, bioherbicides.
Based on application, the global biopesticides market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables.

MARKET DYNAMICS

Drivers

Growing demand for organic food, pest resistance and integrated pest management (IPM) measures and heavy crop loss due to pest attacks.
Lower cost of raw materials, and faster regulatory approval.

Rising R&D activities drive the biopesticides market.

Restraints

Low adoption rate of the product, compared to chemical agri-inputs.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The biopesticides market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biopesticides market in these regions.

IMPACT OF COVID-19 ON biopesticides MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. The market for 3D printed metal is impacted by the pandemic due to shortfall in production along with halt in construction projects due to global lockdown.

MARKET PLAYERS

BASF SE
Bayer AG
Syngenta AG
Certis USA L.L.C.
FMC Corporation
Isagro Group
Koppert Biological Systems
BIOBEST GROUP NV
Marrone Bio Innovations
Novozymes A/S

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This release was published on openPR.