Biopesticides Market estimates & forecast by application (Seed Treatment, Foliar, Soil Spray)2020 - 2024
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-20
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Biopesticides Market estimates & forecast by application (Seed Treatment, Foliar, Soil Spray)2020 - 2024

Fruits & vegetables, in 2019, was one of the prominent segments, contributing to 70% of the overall biopesticides market revenue. Owing to consumers demanding better crop safety, biopesticides are heavily used in organic farming. Moreover, consumers today also demand pesticide-free fruits and vegetables to avoid any food contamination and food related disorders, which will spur biopesticides industry growth from fruits & vegetables.

Furthermore, the non-toxic nature and high crop yield properties of bio-controlled pesticides have generated a bigger market for the seed treatment application, which generated a valuation of over USD 130 million in 2016. Foliar spray is another application segment expected to boost biopesticides industry growth. This segment contributed to more than 75% of industry share in 2016 and is anticipated to exhibit a lucrative growth path.

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Growth Drivers are

  • Increasing agricultural growth in Africa
  • Increasing crop exportation in Africa
  • Demand for organic food in across North America will drive market growth
  • Increasing environment safety awareness will spur market growth in Asia Pacific
  • Upsurge in Bio-Control Seed Treatment Solutions

By Product

  • Bioherbicides
  • Bioinsecticides
  • Biofungicides
  • Others

By Application

  • Seed treatment
  • Foliar spray
  • Soil spray

By Crop

  • Grains & oil seeds
  • Fruits & vegetables
  • Others

By Form

  • Dry
  • Liquid

By Source

  • Microbial
  • Biochemical

The research and development activities with regards to biopesticides are steadily improving, thereby contributing toward the development of effective products. Speaking of which, bioinsectides, biofungicides, and bioherbicides are the three main product categories within the biopesticides market. These products are becoming increasingly popular among the farmers as they promote sustainable agriculture.

 Bioinsectides contain living bacteria that cause stomach poison among the insects and thus raze them off the crops. Continuous climate changes have led to a high demand for bioinsectides, owing to which biopesticides market share from bioinsecticides is projected to grow at an annual rate of 6% over 2017-2024.

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Various regulatory organizations across the globe have kickstarted research and development programs with an aim to develop advanced technology. Denmark, for instance, has commenced the Green Growth policy, which provides financial support to the developers to invent new plant protection items. Numerous EU countries have been launching such national programs to promote consumption of bio-products. On these grounds, Europe biopesticides market will collect substantial revenue with an annual growth of more than 6.2% over the coming seven years. France and Germany will contribute noticeably toward the regional biopesticides market growth.

Industry giants are investing intensively in R&D activities to modify the farming techniques, which will favorably stimulate biopesticides industry share. BioWorks Inc., Syngenta, BASF, Bayer, DuPont, Stoller, Koppert, ADAMA Agricultural Solutions, Valent BioSciences Corporation, Dow, Futureco Bioscience, and Nufarm Limited are few of the key participants in biopesticides market.

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Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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