Biopesticides Market Indication, Regions and Forecast 2027

 

Pesticides made from natural substances such as animals, plants, microbes, and minerals are known as biopesticides. Pesticidal properties of canola oil and baking soda, for example, make them biopesticides. Biopesticides are currently used to control invertebrate pests, plant diseases, and weeds. Microorganisms used include bacteria, yeasts, fungus, and viruses. Biopesticides can directly or indirectly kill dangerous organisms by disrupting reproduction or simply deterring pests with compounds they don't like. Most biopesticides do not immediately kill pests; rather, they inhibit them so that they can be managed over time. The Biopesticides Market report is divided into segments based on source, mode of application, formulation, type, and region.

Biopesticides Market Report Scope and Research Methodology:

The report depicts a clear Biopesticides Market structure, as well as current market trends and forecasts to identify potential investment areas. It includes historical data, recent technological advancements, the competitive landscape, and government policy, among other market-influencing factors. The Biopesticides Market report provides clients with information on major drivers, restraints, challenges, and opportunities. To facilitate understanding, the market has been divided into three major segments, each of which has been further subdivided into various sub-segments. The report also includes a segment-by-segment analysis of market growth factors, as well as a competitive analysis of major market players based on their expansion plans, products, investments, pricing, and presence in the Biopesticides industry.

The information gathered for the Biopesticides Market report using these methods was combined to produce accurate and error-free conclusions. As part of the primary research, interviews were conducted with subject-matter experts, Biopesticides industry participants, high-level executives of key market players, industry consultants, and other experts. The market report's PESTLE analysis aids in the development of company strategies. A SWOT analysis was used to determine the market's strengths and weaknesses.

Biopesticides Market Overview:

The study examines market growth drivers and challenges, as well as company plans, procedures, and a comprehensive financial strategy. Customization and extensive information about Biopesticides industry potential meet customer expectations. The Biopesticides Market research investigates the competitive landscape and key players in the industry. This Biopesticides market study aids in structure planning in light of current industrial conditions.

Biopesticides Market size was valued at US$ 4.30 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 14.8% through 2021 to 2027, reaching nearly US$ 11.30 Bn.

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Biopesticides Market Dynamics:

According to Surveys, organic agriculture is practised in 181 countries, and a total of 69.8 million hectares were organically maintained at the end of 2017, an increase of 20% or 11.7 million hectares from 2016. Furthermore, global organic food and beverage sales rose to USD 97 billion in 2017 from USD 81.6 billion in 2015. As a result, rising demand for organic food and expanding organic agriculture around the world drives demand for biological pesticides, propelling the Biopesticides Market forward. Furthermore, technological advancements aimed at increasing agricultural output are expected to drive the demand for bio fungicides.

Biopesticides Market Segmentation:

The market is divided into four types: bioinsecticides, biofungicides, bioonematicides, bioherbicides, and other biopesticides. Bioinsecticides are expected to account for xx% of the biopesticides market by 2027. The rise in demand for sustainable agriculture practises, integrated pest control, insect resistance and resurgence, organic farming, and the growing need to reduce post-harvest crop losses has fueled the development of agricultural biologicals. In contrast to their chemical counterparts, biological solutions are target-specific and require less of them. Bioinsecticides, unlike chemical pesticides, are non-hazardous and do not pollute the environment because they do not leave chemical residues on the plant. In addition, producers benefit from the lower product development costs and time associated with bioinsecticides, which can be registered in a short period of time.Bioinsecticides save money and time because they can be registered quickly, whereas chemical registration can take up to three years. These are the factors expected to drive the growth of the Bioinsecticides segment in the global market between 2021 and 2027.

The market is divided into three categories: seed treatment, soil treatment, foliar spray, and other mode of application.  Foliar sprays use microbial pesticides to spray directly on plants to control insects and mites. It is the most effective tool for controlling pests in the short term. When a pest infestation is visible on the plant, foliar spray is an effective way to treat it quickly. When soil conditions are poor for insect control, foliar applications are preferable. The ease with which foliar spray can be applied is one of the primary drivers of growth in the biopesticides market.

Biopesticides Market Key Players:
BASF SE (Germany)
Syngenta AG (Switzerland)
Bayer AG (Germany)
Marrone Bio Innovation (US)
Novozymes A/S (Denmark)
Nufarm (Australia)
UPL Ltd (India)
Koppert Biological Systems (Netherlands)
Vegalab S.A (US)
Biobest Group NV (Belgium)
FMC Corporation (US)
STK Bio-ag (Israel)
Bionema (US)
International Panaacea Ltd (India)
Som Phytopharma India Ltd (India)
BioWorks, Inc. (US)
Valent Biosciences LLC (US)

Biopesticides Market Regional Insights:

Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America comprise the Biopesticides market. From 2021 to 2029, the report forecasts revenue growth in USD terms at the regional and country levels. The report includes a regional analysis with market size estimates for each region. The study's countries section examines a variety of market elements expected to influence current and future Biopesticides market trends, as well as changes in market rules at the country level. Some of the primary components used to forecast each country's Biopesticides market situation are consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.

Key Questions answered in the Biopesticides Market Report are:

  • What are the Biopesticides market segments?
  • Which segment in the Biopesticides market is expected to grow rapidly during the forecast period?
  • Which are the prominent players in the Biopesticides market?
  • What key trends are expected to emerge in the Biopesticides market during the forecast period?
  • What was the Biopesticides market size in 2021?
  • Which region dominated the Biopesticides market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2027.
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segments with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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About Stellar Market Research

Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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