Biopesticides Market Overview 2022-2027:
According to the latest report by IMARC Group, titled “Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on biopesticides market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global biopesticides market reached a value of US$ 5.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.1 Billion by 2027, exhibiting a CAGR of 14.5% during 2022-2027.
Biopesticides refer to organic pest repellants derived from naturally occurring substances like plants, microbes, and biochemicals. Biopesticides are inherently less toxic than conventional pesticides and often decompose quickly, resulting in lower exposure and less pollution. The increasing awareness about environmental safety, higher crop quality, and production associated with the use of biopesticides is encouraging market players to invest in biopesticide production.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Biopesticides Market Trends:
The increasing adoption of organic farming practices and the significant growth in the agriculture industry are the key factors augmenting the demand for biopesticides. The promising growth trajectory of organic agriculture is anticipated to benefit the market with higher demand for natural plant protection products. Additionally, the ban on chemical pesticides in various countries due to deteriorating soil conditions and growing concern regarding residue levels in food products are positively impacting the market growth. In line with this, the increasing product demand from theme and recreational parks and golf courses to control pests is creating favorable growth opportunities for the market.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Bayer Cropscience
- Certis USA LLC
- FMC Corporation
- Koppert B.V.
- Marrone Bio Innovations
- Novozymes Biologicals
- Stockton (Israel) Ltd.
- The Dow Chemical Company
- Valent BioSciences Corporation
Our report has categorized the market based on region, product, formulation, source, mode of application and crop type.
Breakup by Product:
Breakup by Formulation:
Breakup by Source:
- Plant Extract
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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