DUBLIN--(BUSINESS WIRE)--The "Global Biopesticides Market - By Type, By Crop Application, and By Region - Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The global Biopesticides market is set to accrue proceeds worth 7.17 (USD Billion) by 2026 and will record the CAGR of nearly 15.65% over the period from 2020 to 2026.
The report offers assessment and analysis of the Biopesticides market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Biopesticide refer to a wide spectrum of microbial pesticides and biochemical extracted from microorganisms & other sources. The use of Biopesticide helps in maintaining a synergy between its production and preservation of green environment. Moreover, Biopesticide can be also derived from the methods like genetic integration of DNA in farming products for providing protection to crops against damage from pests. For instance, few of the microbial pesticides like Bacillus thuringienis has proved to be efficient & safe Biopesticide since past many years.
Market Growth Dynamics
The harmful effect of synthetic pesticides on environment and human health has prompted the need for adopting eco-friendly practices in the field of agriculture to curb pests & controlling plant damage. This has resulted in massive demand for Biopesticide in farming in the recent years. Reportedly, the regulatory bodies like the U.S. environmental protection agency has encouraged the use of Biopesticide, thereby driving the market progression. In addition to this, large allocation of funds for registering research activities related to bio-rational pesticides will embellish the expansion of Biopesticide market over the ensuing years.
With commercial avenues available for bioherbicides and bionematicides, the market for Biopesticide is anticipated to gain traction over the ensuing years. In countries like India the Biopesticides market is witnessing a swift change and this has resulted in rise in the sale of agricultural products. Apart from this, the large-scale utility of microbial Biopesticide for treating pests due to favorable government rules as well as altering consumer tastes in the country will further steer the market growth in the near future.
According to NCBI, in 2017, more than 200 biofungicides were registered with central insecticides board & registration committee, which is also abbreviated as CIBRC, to combat plant parasitic nematodes as well as arthropods. For the record, nearly 15 microbe species and 970 microbial preparations are registered by central insecticides board & registration committee. Nearly 30 Biopesticide products like subspecies of bacillus thuringienis referred as kurstaki is registered with CIBRC to fight bollworms, other lepidopterans, and loopers. All these aspects will steer the growth of the Biopesticide business not only in India, but will favorably influence it across the globe.
North America To Contribute Majorly Towards Global Market Size During 2020-2026
The growth of the market in the region over the estimated timespan is due to strict norms governing the utility of synthetic pesticides in the countries like the U.S. and Canada. Moreover, more than 200 Biopesticide products are registers in the U.S. With the large-scale spread of COVID-19 in the North American countries, the Biopesticide industry is likely to witness prominent growth in the sub-continent within next few years.
Key players profiled in the report include
- Bayer CropScience
- Marrone Bio Innovations
- Valent BioSciences Corporation
- Stockton Group
- FMC Corporation
The global biopesticides market is segmented as follows:
- Trichoderma viride
- Trichoderma harzianum
- Others (Other microbials and plant extracts)
- Beauveria bassiana
- Bacillus thuringiensis
- Metarhizium anisopliae
- Verticillium lecanii
- Others (Paecilomyces fumosoroseus, Azadirachtin, and Aspergillus Flavus)
- Bacillus firmus
- Paecilomyces lilacinus
- Others (Other microbials and plant extracts)
- Others (bioherbicides, biomolluscicides, bioacaricides, and biorodenticides)
By Crop Application
- Oilseeds & pulses
- Other oilseeds & pulses (beans and canola)
- Cereals & grains
- Other cereals & grains (rice, barley, and oats)
- Fruits & vegetables
- Leafy vegetables
- Root & tuber vegetables
- Pome fruits
- Citrus fruits
- Other vegetables and fruits (stone fruits and fruiting vegetables)
- Others (turf, ornamentals, and plantation crops)
- Plant extracts
- Beneficial insects
- Wettable powders
- Dry granules
- Water-dispersible granules
- Suspension concentrates
- Soluble liquid concentrates
- Emulsifiable concentrates
By Mode of Application:
- Soil treatment
- Foliar Spray
- Seed treatment
For more information about this report visit https://www.researchandmarkets.com/r/slrq3y