November 6, 2019

Biopesticides Market was Valued at US$ 3,654.2 Mn in 2018,

Global Biopesticides Market was Valued at US$ 3,654.2 Mn in 2018, Increase in the Adoption of Biopesticides in Agriculture Sector
Analyst Speak:
“The Global Biopesticides Market was valued around US$ 3,652.4 Mn in 2018 and increasing at a significant CAGR over the forecast years 2019-2025 owing to launch of newer biopesticides by the market players”
The global biopesticides market accounted for US$ 3,654.2 Mn in 2018 and the market is growing at prominent growth rate over the forecast years owing to increase in the awareness about the biopesticides and rise in preference for organic farming in developed and developing countries. Moreover, surge in demand for quality food products, low cost of products, efficient regulations for the product approval, rise in R&D for the development of newer products, and government initiations for the organic farming are anticipated to propel the biopesticides market over the forecast years. However, short shelf life of products, lack of awareness about the biopesticides in underdeveloped countries, and less efficacy compared with synthetic pesticides are restrain the global biopesticides market over the forecast timeframe
Global biopesticides market segmented on the basis of product type, origin, mode of application, formulation, crop type, and region
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Bioinsecticides Dominate the Global Biopesticides Market
Based on the product type, global biopesticides market segmented into biofungicides, bioinsecticides, bionematicides, bioherbicides, and others. Among all the products, bioinsecticides dominated the global biopesticides market in 2018 and the segment is growing at 9.6% CAGR over the forecast years owing to surge in the R&D for the development and launch of newer products into market. For instance, in March 2019, Syngenta launched Bacillus thuringiensis, a bioinsecticide used in more than 50 agriculture crops including grapes, fruits, vegetables, olive trees and rice among others. Moreover, biofungicides also create lucrative opportunities over the forecast years owing to increase in fungal diseases in agriculture crops.
North America Leads the Global Biopesticides market
PBI’s global Biopesticides market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global biopesticides market in 2018 with an approximate share 41.3% and expected to account larger revenue share over 2019-2025 owing to increase in the adoption organic farming in USA and Canada, stringent regulations for the conventional pesticides, and surge in R&D expenditure for the development of biopesticides in the region. Europe biopesticides market projected to surge at fastest growth rate due to adoption of biopesticides in France, Germany and UK, surge in agriculture production, and increase in demand for quality food products in the region.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global biopesticides market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance.
 In September 2018, Vestaron Corporation received EPA approval for Spear-Lep bioinsecticide for control of lepidopterans in high- value field crops
Key player’s profiles in the report are Bayer CropScience AG (Germany), Marrone Bio Innovations Inc. (USA), BASF SE (Germany), Certis USA LLC (USA), Koppert Biological Systems (Netherlands), The Dow Chemical Company (USA), Valent Biosciences Corporation (USA), Isagro SPA (Italy), Vesteron Corporation (USA), and Bioworks, Inc. (USA)
Precision Business Insights (PBI) in its report titled “Global Biopesticides Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Detailed Segmentation
By Product Type
o Biofungicides
o Bioinsecticides
o Bionematicides
o Bioherbicides
o Others
By Origin
o Microbials
o Plant Extracts
o Beneficial Insects
By Mode of Application
o Foliar Spray
o Seed Treatment
o Soil Treatment
o Post-harvest
By Formulation
o Liquid
o Dry
By Crop Type
o Cereals and Grains
o Oilseeds and Pulses
o Fruits and Vegetables
o Others
o North America
• Canada
o Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

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