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
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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