Global Biopesticides Market Projected To Grow With Significant CAGR Over The Forecast Period
Biopesticides are those pesticides that are basically sourced from naturally occurring living things. These pesticides pose less threat to the environment than conventionally used chemical pesticides. Even small quantities of bio pesticides is sufficient and they pose less threat to environmental damage as they break down very quickly and create less pollution.
Biopesticides Market – Drivers and Constraints
A growing demand for fruits production and acceptance of biopesticides in agricultural activities are the main driving forces for the growth of biopesticides. Also, factors like growing awareness among farmers regarding the benefits of using biopesticides over conventionally used chemical pesticides, demand for exotic fruits and an increase in government support likely to boost the biopesticides market further.
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As per the United States Environmental Protection Agency, till April 2016, there were 299 registered biopesticide active ingredients and 1401 biopesticide product registrations. Also, support from governments of various countries in the form of regulatory framework and more R & D activities in the area of fertile agriculture likely to drive the market growth. For example, US Environmental Protection Agency and Canada Pest Management Agency have implemented their regulatory policies in this regard. Acquisition, agreements and collaborations are the strategies being adopted by players in this industry in order to grow.
On contrary, poor infrastructure and unawareness about biopesticides and its benefits in under developed countries likely to hinder the growth of biopesticides market.
Biopesticides Market Classification:-
The global biopesticides market can be classified on the basis of product type, crop, formulation, origin and geography.
On the basis of product type, the biopesticides market can be classified into the following categories:-
- Fungicides
- Nematicides
- Insecticides
- Herbicides
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On the basis of crop type, the biopesticides market can be classified into the following categories:-
- Fruits and vegetables
- Grains and oilseeds
On the basis of formulation, the biopesticides market can be classified into the following categories:-
- Liquid
- Dry
On the basis of origin, the biopesticides market can be classified into the following categories:-
- Botanical
- Microbial
- Plant-incorporated protectants
Region Wise Growth Analysis of the Biopesticides Market
On the basis of geography, the biopesticides market can be divided into the following key regions:-
- Europe
- North America
- Asia-Pacific
- Latin America
- Middle East and Africa
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High rate of adoption of biopesticide and a favourable regulatory framework makes North America, the most favourable market for the growth of biopesticides. Europe is another attractive market for biopesticides. When coming to Asia-Pacific, factors like rising interest of population towards eco-friendly agricultural practices, various initiatives taken by governments to support the growth of biopesticides market, and finally market players looking for opportunity to expand their business in this region are the major growth initiators.
Biopesticides Market – Major Players
Few of the established players in the biopesticides market are as follows:-
- Bayer CropScience AG (Germany)
- BASF SE (Germany)
- Marrone Bio Innovations Inc. (U.S.)
- Koppert Biological Systems (Netherlands)
- Certis USA LLC (U.S.)
- The Dow Chemical Company (U.S.)
- Isagro SPA (Italy), Monsanto Company (U.S.)
- Valent Biosciences Corporation (U.S.)
- Camson Bio Technologies Limited (India)
- Neudorff GmbH Kg (Germany)
- Bioworks, Inc. (U.S.)
Biopesticides Market – Recent Developments
- 2016 – Launch of seed treatment agent ILeVO into the Canadian market by Bayer CropScience.
- 2015 – Syngenta has obtained U.S registration for its corn herbicide Acuron (bicyclopyrone + atrazine + mesotrione + S-metolachlor).
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