DUBLIN--(BUSINESS WIRE)--The "Global Biopesticides Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The biopesticides market was valued at USD 3,147.1 million in 2018 and is expected to register a CAGR of 14.1%, during the forecast period (2019-2024).
Of all the regions, South America is expected to witness the fastest growth in the forecast period, recording a CAGR of 16.4%. In addition, the United States is likely to be the largest individual market over the forecast period.
While the prevalence of chemical or synthetic pesticides in crop protection, human, animal, and environmental health concerns are playing key roles in driving the growth of biopesticides. Several countries are adopting a stringent approach concerning the amount of imports, with a special focus on regulating the quantity of pesticide residues. Emerging economies in Asia - Pacific are likely to take the lead in the adoption of biopesticides.
Scope of the Report
According to EPA, Biopesticides are certain types of pesticides, derived from natural materials, such as animals, plants, bacteria, and certain minerals. The present study takes into consideration, both microbial and organic pesticides. The market is broadly segmented into bioinsecticide, bioherbicide, biofungicide, and others. The report presents a wide-ranging analysis of market share, size, and volume of the biopesticide market on a global scale. The corporations in the biopesticide market operate in B2B, as well as B2C, format. However, to eliminate any double-count error in market estimations, bulk buyers procuring these biopesticides for retail sale are, after value-addition through further processing, not considered within the market studied.
Key Market Trends
Easy Registration Procedure
Given that biopesticides tend to pose fewer risks than chemical pesticides, the EPA generally requires fewer data to register a biopesticide than to register a chemical pesticide. As a result, new biopesticides are often registered in less than a year, compared to an average of more than three years for chemical pesticides. To promote the use of biopesticides, developing countries have simplified the requirement for the registration of biopesticides. These countries are also providing grants for R&D and production unit setups. All these activities are creating an opportunity for the development of the biopesticide market, globally.
North America Dominates the Market
North America represents around 41.6% of the market for biopesticides. Demand in the region is driven by a number of factors, including the increased interest in green agricultural practices and the loss of many conventional products to reregistration and/or performance issues. Product development has also driven up the demand for biopesticides. Currently, more and better biological active ingredients and products are available that can compete with, as well as complement conventional chemical pesticides.
In the biopesticides market, companies are not only competing based on product quality and promotion but are also focused on strategic moves, to hold larger market shares. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the biopesticide market. In the market studied, the companies compete on new product launches and also focus on strategic moves, to acquire larger market shares. The results of the market share analysis indicate a highly fragmented market.
The major players include Valent Biosciences Corporation, Koppert BV, Marrone Bio Innovations, Bayer CropScience AG, and Syngenta. The major acquisitions taking place between companies to develop biopesticides indicate that the focus on bio-based products is increasing rapidly. The players in the market are investing heavily in this market, to diversify their biological research divisions in the expanding market place.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1.4 Other Products
5.2.1 Liquid Formulation
5.2.2 Dry Formulation
5.3.1 Microbial Pesticide
5.3.2 Plant Pesticide
5.3.3 Biochemical Pesticide
5.4 Mode of Application
5.4.1 Foliar Spray
5.4.2 Seed Treatment
5.4.3 Soil Treatment
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Marrone Bio Innovations
6.3.2 Bioworks Inc.
6.3.3 Valent Biosciences Corporation
6.3.4 Koppert Biological Systems
6.3.5 Andermatt Biocontrol
6.3.7 W. Neudorff GmbH KG
6.3.8 Camson Bio Technologies Ltd
6.3.9 American Vanguard Corporation
6.3.10 Arysta LifeScience
6.3.11 BASF SE
6.3.12 Bayer CropScience AG
6.3.16 FMC Corporation
6.3.19 Novozymes Biologicals
6.3.20 De Sangosse Ltd
6.3.22 International Pannacea Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/pae8x8