Biopesticides are the subclass of pesticides that are either naturally occurring or the derived material from the living organisms or their metabolites. While the naturally occurring biopesticides are obtained from the animals, plants, bacteria, and minerals & the derived materials can be obtained from the living organisms' genes or their metabolites. They act as microbial biological pest control agents that are used in the agriculture to replace chemical pesticides. While they are less toxic as compared to conventional pesticides. Besides this, they generally affect only the target pest and closely related organisms & are effective in very small quantities and decomposes rapidly. Apart from this, they also help in increasing crop yields.
Biopesticides Market: Key Players
The research study includes profiles of leading companies operating in the global biopesticides market. Key players profiled in the report include: BASF SE, E. I. du Pont de Nemours and Company, Novozymes A/S, Bayer AG, Syngenta and Others.
Prevathon insect control from FMC Corporation has been approved and labeled for use in California on alfalfa, corn, cotton, sunflowers, sorghum and other crops. Prevathon insect control delivers highly effective worm complex control and excellent control of other insect pests to help produce higher yields for a range of row and specialty crops.
Drivers for the Global Biopesticides Market:
The increasing demand for food due to the rising population & declining number of cultivable lands, increasing adoption of genetically modified (GM) crops, the acceptance of new farming practices, the ecological imbalance caused by synthetic pesticides & the Lower costs associated with biopesticides are some of the driving factors that is fueling the biopesticides market. Moreover, the overuse of chemical pesticides results in ecological imbalance. Hence, an increase in the awareness about the environment and the health is propelling the demand for eco-friendly crop protection solutions such as biopesticides & biofertilizers. Furthermore, the demand for organic food is rising, due to the health-consciousness trends worldwide. Subsequently, the growing acceptance of organic farming is fueling the demand for biopesticides. Additionally, the constant financial support from governments is encouraging the usage of biopesticides in agriculture.
Opportunities for the Global Biopesticides Market:
Rapid economic growth in developed and developing countries, and growing populations will provide an opportunity for further growth of this segment. While, the increasing support for the deployment of biological solutions as alternatives to chemical pesticides in both organic farming and IPM systems are going to fuel this market in forecast period. Also, strong funding by the private and public sectors toward research of microbial and plant extracts having biocidal properties, especially for its usage on a wide spectrum of field crops, is witnessed to drive the growth of the market in the forecast period. Additionally, the progress of the organic industry, the rise in the application cost of chemical pesticides, growing challenges in the development of insect resistance toward these chemicals, and the increase in awareness about occupational hazards caused by chemical pesticides are the factors projected for the growth of biopesticides market in forecasted span.
Restrains for the Global Biopesticides Market:
The Usage of alternative methods such as integrated pest management (IPM) & crop rotation methods, along with the high R & D cost are some of the factors which causes negative impact at the growth of the biopesticides market. However, with the increasing utilization of bio-pesticides, newer issues have been raised in the market, such as Lower profit potential owing to its belongingness in niche product’s category, low shelf life & variable efficacy, regulatory issues, lack of information, and low awareness in the consumers are some of the challenges that are hampering the growth of the market progression. Moreover, the lengthy registration process for the production of biopesticides are also one of the major hindrance to the pesticides market growth.
Region Wise, Global Biopesticides Market Analysis:
Region wise, global biopesticides market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Europe leads the global biopesticides market share which is followed by the North America and Asia Pacific. While the Europe leads the global biopesticides market share as in Europe, farmers are more educated. While they are aware about the significance of the biopesticides to drive quality and yield. However, the increased regulatory norms on the utilization of chemicals and chemical residue limits are helping the markets of Europe region to grow. Additionally, the Demand in this region is driven by numerous factors such as the increased interest in green agricultural practices and the loss of many conventional products to reregistration and/or performance issues. Also the Product development is driving the demand for biopesticides. Thus all these Factors are contributing to the growth of this market in this region.
Global Biopesticides Market: Product analysis
Global Biopesticides Market: Application analysis
- Fruit and Vegetables
- Cereals and Pulses
- Other Crops
Global Biopesticides Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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