Global Biopesticides Market: Snapshot
There is no foreseeable end to the escalating demand for food as a result of increasing population across the World. Consequently, the practices that aid to the fertility and yield of decreasing arable land are gaining popularity, including biopesticides, which are biological pesticides derived from natural materials such as plants, animals, and bacteria. The demand in the global pesticides market is projected to increment at a robust CAGR of 13.9% during the forecast period of 2017 to 2025, gaining strong traction from the growing trend of organic food. Urban consumers are now aware of ill-effects of chemically produced raw-food and are now willing to spend added charges for products that are produced organically.
The global biopesticides market is also driven by factors such as promotional activities by government agencies, rise in the cost of chemical fertilizers and pesticides, and rapid growth of bio-control seed treatment solutions. On the other hand, lack of awareness and infrastructure in a number of emerging economies is holding the true prosperity of the global biopesticides market, which is estimated to be worth US$9,557.8 mn by 2025, substantially up from its evaluated worth of merely US$3,368.42 mn in 2017.
Bioherbicides Emerges as Most Profitable Product Segment
Product-wise, the global biopesticides market has been segmented into bioinsecticides, biofungicides, bioherbicides, bionematicides, and plant incorporated protectants (PIP). In 2015 and 2016, bioherbicides contributed major share of biopesticides market and is likely to remain the dominant segment throughout the forecast period. Preference over bioherbicides in region such as North America and Europe is the major reason that is anticipated to contribute the demand for bioherbicides. Bioinsecticide is majorly prefer in Asia Pacific. In Asia Pacific, weed control is majorly done by traditional method by plucking or removing weed with the help of human labor.
Production of Cereals and Grains Serves Maximum Demand
Application-wise, the global market for biopesticides has been bifurcated into cereals and grains, oilseeds and pulses, fruits and vegetables, nurseries, and turf. Cereals and grains dominated the biopesticides market in 2015 and 2016 and is projected to remain the major crop type for biopesticides market during forecast period. Fruits and vegetables is another major application, which is anticipated to grow at moderate rate during the forecast period. Use of biopesticides in Ornamental & Turf is gaining popularity in North America and expected descent growth in future.
Europe Projected for Best Growth Rate among All Regions
In 2017, North America biopesticides market was worth US$1,300.25 mn, contributing the most prominent chunk of demand in the global biopesticides market. By 2025, this region is estimated to produce opportunities in biopesticides market worth of US$3,667.49, expanding at a CAGR of 13.8% during the forecast period of 2017 to 2025. Implementation of regulations by US Environmental Protection Agency (EPA) and Canada’s Pest Management Regulatory Agency (PMRA) followed by easy registration process for biopesticides contributed the growth of biopesticides market in North America.
Asia Pacific is the region with high potential and is projected to exhibit significant CAGR compare to all regions during the forecast period. By 2025, the Asia Pacific biopesticides market is estimated to reach a valuation of US$2,933.94 mn, incrementing the demand at a CAGR of 14.2% during the said forecast period. Increasing government initiative related to use of eco-friendly agricultural treatment products is the major factor which is anticipated to drive the growth of the market. China held a major share of the biopesticide market. It is likely to dominate the market during the forecast period. China is focusing on ‘zero growth’ in usage of chemical fertilizers and pesticides by 2020 to avoid contamination in farmlands.
The global biopesticides market is fragmented in nature, although a few companies do hold a position of strength, such as Du Pont, BayerCropScience, Certis USA L.L.C., Syngenta, Wayne Agro, LageyCia.S.A., FMC corporation, Biogard, CBC (Europe) Srl, Lallemand Inc, Nufarm Agricultural Products, Agrichem, S.A., Emery Oleochemicals, International Penaacea, BioWorks, Inc., AgriLife, Kan biosys, Monsanta, Biogrow, Stockton Group, and Bioworks.
Global Biopesticides Market: Overview
Biopesticides are the fertilizers that are derived from natural sources including plants, animals and minerals. Biopesticides are naturally occurring and are non-toxic compounds. Biopesticides can also synthetically derived with similar functional identities. North America dominated the biopesticides market both in terms of volume and value. It is likely to remain the dominant market during the forecast period. However, Asia Pacific biopesticides market is likely to exhibit significant CAGR compare to other regions.
Rising organic food demand followed by increasing research & development activities of major pesticides companies towards the biopesticides are the major factors which is anticipated to drive the biopesticides market during the forecast period. The use of biopesticides was widely witnessed in cereals & grains and Fruits & Vegetables in most of the regions. Bio herbicides and Biofungicides are the major product type which is used as plant and crop treatment solutions
Global Biopesticides Market: Key Research Aspects
This report analyzes and forecasts the market for biopesticides market at the global and regional level. The market has been forecast based on volume (in Kilo tons) and revenue (US$ Mn) from 2015 to 2025, considering 2015 and 2016 as the base year. The study includes drivers and restraints of the global biopesticides market. It also covers impact of these drivers and restraints on demand for biopesticides market during the forecast period. The report also highlights opportunities in the biopesticides market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global biopesticides market. Porter’s Five Forces model for the biopesticides market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, where in products, and application are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides the actual market size of biopesticides for 2015 and 2016 and estimated market size for 2017 with forecast for the next eight years. The global market of biopesticides has been provided in terms volume and revenue. Market volume has been defined in Kilo tons and revenue in US$ Mn. Market numbers have been estimated based on product, and application of biopesticides. Market volume and size have been provided in terms of global, regional and country level markets.
Global Biopesticides Market: Research Methodologies
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, magazines and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Global Biopesticides Market: Segmentations
The study provides a decisive view of the global biopesticides market by segmenting it in terms of product, and application. In terms of product, biopesticides are classified as bioinsecticides, biofungicides, bioherbicides, bionematicides and Others (PIP etc.). In terms of application, it is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others (Nursery, Turf, etc.). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for biopesticides in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Biopesticides Market: Competitive Landscape
The report comprises profiles of major companies operating in the global biopesticides market. Key players in the biopesticides market are Certis USA L.L.C., Syngenta, FMC Corporation, Nufarm Agricultural Products, AGRICHEM, S.A., BioWorks, Inc., AgriLife, Monsanta. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global biopesticides market has been segmented as follows:
Biopesticides Market: By product
- Others (PIP etc.)
Biopesticides Market: By application
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Others (Nurseries, Turf etc.)
Biopesticides Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- ASEAN(Ex Indonesia &Vietnam)
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa