Biopesticides Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
Biopesticides Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
Report Digest
Global Biopesticides Market: Overview
Set to chart a splendid growth rate, compounded annually, the global biopesticides market is set to witness terrific growth between 2018 and 2028. And, a number of factors at play are contributing to this growth over the forecast period due to growing demand for bio fungicides, bio insecticides, bio herbicides, and so on.
The fact that these are extensively used in commercial cropping, for cereals, grains, oilseeds, pulses, vegetables, and fruits. Besides, they are also seeing application in turf and ornamentals. It is pertinent to note here that rising concerns about environment caused by use of chemical and synthetic variants is also coming to fore, pushing governments and users towards greener alternatives.
Global Biopesticides Market: Competitive Landscape
The Global Biopesticides Market is a dynamic one with a number of developments marking its landscape. And, these developments are shaping the outlook of the market. Also, these determine the kind of competition the market faces over the forecast period. A glimpse into the competitive landscape is below.
The global biopesticides market is slightly fragmented and prominent payers occupying the market landscape are Bayer CropScience (Germany), Syngenta (Switzerland), BASF (Germany), Marrone Bio Innovations (US), Isagro (Italy), Valent BioSciences Corporation (US), Certis (US), Koppert (Netherlands), Bioworks (US), Stockton Group (Israel), FMC Corporation (US), and UPL (India), among others. For most of the players, product development holds key to a brighter future, and a larger market share.
Global Biopesticides Market: Key trends and driver
The global biopesticides market is on the road to massive growth, which will generate a slew of opportunities for the market players operating the field. Some of the trends and drivers which are behind this growth are outlined below:
- Registration is Easy – Owing to low risks as compared to chemical or synthetic pesticides, registration for biopesticides is easy. Thus, it surprises no one to note that it takes less than a year to get new biopesticides registered. On the other hand, a chemical pesticide takes 3 years on an average. Additionally, a lot of developing nations are further simplifying the process to promote biopesticides. Some are also directing investment in research. And, this is leading to improvement in the landscape, generating great opportunities for market players to dabble with.
- Demand for natural or herbal products is seeing an increase in demand across major industry verticals. And, agriculture is no different. And, as better products are launched, demand only improves. Some of the active ingredients in biopesticides are as effective as ate those if chemical or synthetic pesticides. This helps drive much growth in the global biopesticides market.
Global Biopesticides Market: Regional Analysis
The largest regional market in the global landscape is set to be North America, owing to United States’ heavy contribution. Besides, the region sees growth due to growing popularity of green agricultural practices. Moreover, many products have been lost over the years due to poor performance or obsolescence. However, the position of fastest growing market will be held by South America, which will record a significant 16%+ CAGR over the forecast period.
Another region that will be significant in terms of growth over this period is the Asia Pacific (APAC). This growth that the region is set to chart in the global biopesticides market is owed to stringent regulations and government support extended towards biopesticides.
The report is segmented into the following:
Product:
- Bioherbicide
- Bioinsecticide
- Biofungicide
Formulation:
- Liquid Formulation
- Dry Formulation
Ingredient:
- Microbial Pesticide
- Plant Pesticide
- Biochemical Pesticide
Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-harvest
Application:
- Crop-based
- Non-crop-based
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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