Biopesticides Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

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Biopesticides Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

Status : November, 2021 | Chemical & Materials

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?