Global Biopesticides Market Research Report - Size, Share, Growth, Trends, COVID-19 Impact Analysis - Industry Forecast (2022 to 2027)

  • Category : Agriculture |
  • Report Code : VMR-41355 |
  • Pages: 200 |
  • Published : 2022-03 |
  • Region: Global |
  • Avilable Format : format excel,ppt, Pdf |
  • Share:

Biopesticides Market Size (2022 - 2027)

The global Biopesticides Market size was valued at USD 4.6 billion in 2021, growing with a CAGR of 14.4% to reach USD 8.8 billion from 2022 to 2027.

Biopesticides are biodegradable. Biopesticides are pesticides retrieved from plants, animals, some minerals, and bacteria. Biopesticides comprise natural substances that control pests, microorganisms that control pests, and biochemical plant growth, regulators.

Biopesticides are used in the agricultural sector for the purpose of weed control, disease control, insect control, plant physiology and productivity, and nematode control.

Biopesticides are inherited from bacteria, viruses, and fungi are a stable subject of analysis within modern agriculture. Biopesticides are non-hazardous to non-target organisms, comprising insects and wildlife benefits.

MARKET DRIVERS

The demand for global biopesticides is projected to increase besides advancements in the agricultural field. The growing amount of investments for developing a strong agricultural sector creates a gold rush for market players in the biopesticides market. The market for biopesticides is very small compared to the overall pesticides market. The rising health issues related to the use of synthetic pesticides along with different advantages provided by various governments across the globe have influenced the market growth positively.

MARKET RESTRAINTS

However, a dearth of sufficient knowledge and awareness concerning the common modes of action of biopesticides and a lasting understanding of high cost and low efficiency are some great barriers for manufacturers and suppliers. These factors restrain the global market growth.

Recent Market Developments

  • On December 11, 2020, Koppert Biological Systems acquired Geocom to increase precision farming. The acquisition in Brazil is a strategic decision supporting the whole corporation by interchanging observations and technologies. 
  • On May 06, 2020, FMC Corporation's new launch Premix insecticide Elevest insect control. The U.S EPA has approved the insect control for a diverse range of crops like soybeans, sweet corn, peanuts, potatoes, and cotton. The insect control integrates a full range of Rynaxypyr active which is the cornerstone for efficient residual control of the worm complex.
  • On July 02, 2020, a UK-based biotechnology company, Bionema Ltd. received approval from the U.K Innovative for supporting the ongoing development of bioinsecticide microencapsulation formulation.
  • On July 08, 2021, UPL launched Natural Plant Protection (NPP)to advance business unit housing's portfolio of natural and biologically inherited agricultural inputs and technologies.

Segment Analysis

Global Biopesticides Market - By Type:

  • Bioinsecticides
  • Bio fungicides
  • Bionematicides
  • 9Bioherbicides
  • Other biopesticides (which include biomolluscicides, bioacaricides, and biorodenticides)

By type, the bio-fungicides segment is dominated the biopesticides market with the largest share in 2019. The increasing combat to different chemical fungicides among fungi surges the growing demand for substitute efficient products like bio fungicides. 

Global Biopesticides Market - By Soucre:

  • Microbials
  • Biochemicals
  • Beneficial insects

By source, the microbial segment has great demand over diverse farming longitudes. The birth of microbial biopesticides is microorganisms successively in maintaining the health of the crops. Microbes have proven their capacity to intensify nutrient uptake and motivate the development of residential microbiota of plants. Microbes containing biopesticides are popularly used to protect crops from a wide variety of plant pathogens in different cultivated conditions like nurseries, fields, and protected cultivation systems.

Global Biopesticides Market - By Application:

  • Seed treatment

  • Soil treatment

  • Foliar spray

  • Other modes of application (which includes post-harvest and root dipping)

By application, the foliar spray segment is expected to acquire the largest revenue share in the biopesticides market with robust growth during the timeline period. Foliar spray is easy to apply that can be restorative and preventive measures for particular plant diseases and deficiencies.

Global Biopesticides Market - By Formulation:

  • Liquid

  • Dry

Liquid form holds a considerable share in the biopesticides market. The0 liquid formulation is beneficial over the dry formulation in supplying upgraded field performance with decreased changes of nozzle blockage. The ease of applicability and consistent application support the segment during the forecast period.

Regional Analysis

Regional-wise, the market in biopesticides market in the Asia-Pacific region is high and the demand for biopesticides in the region is high. The rising population is creating opportunities in food security mounts the market in the APAC region. The food crops demand is on a high rise including cereals and grains, and fruits and vegetables fuel the mounting demand for agrochemicals in the APAC.

North America is the second-leading region in the global biopesticides market with around 30% of the share. The United States is the major contributor to the biopesticides market. The presence of large areas of agricultural land and increasing demand for bio-based agricultural products, led by the implementation of strict environmental regulations in using synthetic pesticides influence the biopesticides market growth positively.

The European market for biopesticides is awaited to have the quickest growth over the timeframe. The region's growth owes to the high demand for high-quality crops in maintaining the export quality advents of pests and diseases because of the climatic changes. In Europe, the strict regulations about the use of synthetic biopesticides create more attractive opportunities for the key players.

In Latin America, the demand for the biopesticides market is growing at a significant rate owing to the mounting area under organic farming and the magnifying demand for organic foods across the countries like Argentina and Brazil. The market growth in Latin America attributes to progress in biological technologies and major key players are in the biopesticides market are advancing bio-based crop protection chemicals in the region flourishes the market growth.

The Middle East and African market for biopesticides are said to extend with a nascent growth from 2021-2026. The governments are taking initiative programs to create awareness in farmers regarding the damaging effects of chemical-based pesticides propels the popularity of the biopesticides market in the region.

Major key players in the global Biopesticides Market
Some of the major players operating in the global biopesticides market include:

1. BASF SE (Germany)

2. Syngenta AG (Switzerland)

3. Bayer AG (Germany)

4. Marrone Bio Innovation (US)

5. Novozymes A/S (Denmark)

6. Nufarm (Australia)

7. UPL Ltd (India)

8. Koppert Biological Systems (Netherlands)

9. Vegalab S.A (US)

10. Biobest Group NV (Belgium)

11. FMC Corporation (US), STK Bio-ag (Israel)

12. Bionema (US)

13. International Panacea Ltd (India)

14. SomPhytopharma India Ltd (India)

15. BioWorks, Inc. (the US)

16. Valent Biosciences LLC (US)

17. Andermatt Biocontrol AG (Switzerland)

18. Isagro S.p.A (Italy)

19. Certis US L.L.C (US)

COVID-19 Impact On Biopesticides Market

The sudden eruption of the coronavirus (COVID-19) pandemic has a worse influence on the market globally as the governments have imposed severe lockdowns and restricted the movement of masses. The supply chain disruption has resulted in raw material obtainment issues for some producers, particularly companies depending on Chinese raw materials are estimated to face major challenges. The global COVID-19 pandemic resulted in disturbance of the supply chain and low purchasing power of consumers that hinders the market growth for biopesticides. 

The overall biopesticides market growth is projected to witness interruptions and unavailability of workers. 

Chapter 1. Global Biopesticides Market – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptionsa

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Global Biopesticides Market – Executive Summary

2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

2.3.1. Impact during 2022 - 2027

2.3.2. Impact on Supply – Demand

Chapter 3. Global Biopesticides Market – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Global Biopesticides Market Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3 Customer Analysis

4.4. Porters Five Force Model

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Powers of Customers

4.4.3. Threat of New Entrants

4.4.4. Rivalry among Existing Players

4.4.5. Threat of Substitutes

Chapter 5. Global Biopesticides Market - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Global Biopesticides Market – By Type

6.1. Bioinsecticides

6.2. Bio fungicides

6.3. Bionematicides

6.4. 9Bioherbicides

6.5. Other biopesticides (which includes biomolluscicides, bioacaricides, and biorodenticides)

Chapter 7. Global Biopesticides Market – By Soucre

7.1. Microbials

7.2. Biochemicals

7.3. Beneficial insects

Chapter 8. Global Biopesticides Market – By Application

8.1. Seed treatment

8.2. Soil treatment

8.3. Foliar spray

8.4. Other modes of application (which includes post-harvest and root dipping)

Chapter 9. Global Biopesticides Market – By Formulation

9.1. Liquid

9.2. Dry

Chapter 10. Global Biopesticides Market, By Geography - Market Size, Forecast, Trends & Insights

10.1. North America

10.1.1. U.S.A

10.1.2. Canada

10.1.3. Mexico

10.2. Europe

10.2.1. Italy

10.2.2. Spain

10.2.3. Russia

10.2.4. Germany

10.2.5. UK

10.2.6. France

10.2.7. Rest of Europe

10.3. Asia Pacific

10.3.1. Japan

10.3.2. South Korea

10.3.3. China

10.3.4. India

10.3.5. Australia & New Zealand

10.3.6. Rest of Asia-Pacific

10.4. Rest of the World

10.4.1. Middle East

10.4.2. Africa

10.4.3. South America

Chapter 11. Global Biopesticides Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

11.1. Company 1

11.2. Company 2

11.3. Company 3

11.4. Company 4

11.5 Company 5

11.6. Company 6

11.7. Company 7

11.8. Company 8

11.9. Company 9

11.10. Company 10

  • Primary & Secondary Sources to Collect & Validate Data

  • Utilization of Both Top Down & Bottom Up Approach

  • Holistic Research Methodology


Scope & Introductory Research

In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.​

Data Collection 

Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders. ​

Data Fusion

At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.

Data Analysis

At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.

Verification ​

Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report. ​

Quality Assurance & Report Preparation​

Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.​

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