Global Biopesticides Market to be driven at a CAGR of 8.3% in the Forecast Period of 2021-2026

[Steven Luke]

The new report by Expert Market Research titled, ‘Global Biopesticides Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global biopesticides market, assessing the market based on its segments like source, type, formulation, mode of action, crop type, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2021-2026)

Historical Market Size (2020): USD 3.6 Billion
Forecast CAGR (2021-2026): 8.3%
Forecast Market Size (2026): USD 5.6 Billion

The growth of global biopesticide market is driven by the growing need for sustainability in agricultural practices. The growing trend of safe and sustainable farming practices and long-term negative effects of synthetic pesticides are expected to increase the demand for biopesticides. Additionally, the growing demand for organic food and increasing area under organic cultivation is expected to propel the growth further. The initiatives by public and private organisation to increase awareness of farmers for the benefits of biopesticides and chemical free products will aid the growth of global biopesticides market in the forecast period.

Industry Definition and Major Segments

Biopesticides are derived from various animals, plants, insects, and fungi, among others. They are used to inhibit growth of pathogens, insects and control pests which may damage the crops. They are considered safer alternative to other forms of pesticide owing to its natural ingredients and does not harm environment.

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The biopesticides market can be divided on the basis of source:

Microbials
Biochemicals
Beneficial Insects

It can be differentiated on the basis of type:

Bioinsecticides
Biofungicides
Bioherbicides
Bionematicides
Others

The market can be divided on the basis of formulation:

Liquid
Dry

It may be segmented by mode of action:

Foliar Application
Seed Treatment
Soil Treatment
Post-Harvest

It may be divided by crop type as follows:

Cereals and Grains
Oilseeds and Pulps
Fruits and Vegetables
Others

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

Regionally, North America is the largest share in the global biopesticide market. This can be attributed to the stringent regulations on the pesticide utilisation, the subsequent environmental pollution, and the growing awareness for sustainable agriculture. Additionally, factors such as presence of key market players and increasing legislations for reduction in use of synthetic pesticides in USA will aid the growth of the regional market. Meanwhile, Asia Pacific is projected for rapid growth owing to presence of large agriculture sector. Further the shifting trend towards for increasing sustainability in the agricultural practices and rising awareness for ill effects of chemical pesticides will propel the growth in the forecast period.

Key Market Players

The major players in the market are Bayer AG, Certis USA L.L.C., Marrone Bio Innovations Inc., Andermatt Biocontrol AG, BASF SE, Syngenta Crop Protection AG, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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