Biopesticides Market 2020-2026: Growth Forecast & Industry Share Report
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-11
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Biopesticides Market 2020-2026: Growth Forecast & Industry Share Report

Biopesticides market is poised to witness significant gains with the escalating demand for healthy crop generation. The industry has been evolving at a rapid pace, which is quite evident from the growing consumer preferences for organic food and demand for eco-friendly crop protection pesticides. Another prominent driver influencing global biopesticides market growth is the declining availability of arable land. This has encouraged the farming sector to use more eco-friendly pesticides over chemicals, as the carbamate, organophosphorus, and halogenate present in chemical pesticides can lead to land and water contamination. In addition, the enforcement of strong policies against the use of synthetic pesticides has also widened the acceptance of biopesticides and given a positive push to biopesticides industry share. As per a report by Global Market Insights, Inc., global biopesticides market size stood at USD 1.8 billion in 2016 and is projected to surpass a revenue generation of over USD 2.5 billion by 2024.

Accounting for more than 35% of the global industry share, North America biopesticides market is set to witness profitable growth prospects over the coming seven years. Strict norms and regulations toward food safety and higher demand for organic food has contributed to the regional market expansion. U.S. is one of the leading countries involved in fortifying the regional biopesticides industry share, having generated a revenue of USD 550 million in 2016.

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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.

Top Companies

  1. Eastman Chemical Company
  2. Evonik Industries AG
  3. REXtac
  4. Henkel AG & Company KGaA
  5. H.B. Fuller
  6. Huntsman Corporation
  7. Liaoyang Liaohua Qida Chemicals Company
  8. Arkema
  9. Evans Adhesive Corporation
  10. Guangdong Orient Resin Co. Ltd
  11. Glue Machinery Corporation
  12. Texyear Industrial Adhesives Pvt Ltd.
  13. Bond Tech Industries
  14. Almas Fanavaran Giti Company
  15. Adtek Malaysia Sdn. Bhd.

Growth Drivers are

  • Rise in the costs of chemical fertilizers & pesticides
  • Increasing farm expenditure
  • Decrease in arable land
  • Rising organic food demand

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This report provides information about the product consumption and market share of the application, as well as the growth rate of each application segment.

The regional segmentation covers:

Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

North America Region (U.S., Canada, Mexico)

South America Region (Argentina, Brazil, Columbia, Rest of South America)

Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)

The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)

Report Highlights

– A detailed pricing analysis on the source of the product, application, and regional segments

– An in-depth evaluation of the vendor matrix as well as leading companies that would help understand the competition scenario in the global market

– Insights about the regulatory as well as investment scenarios of the global Biopesticides market

– An analysis of the factors fuelling the market growth as well as their influence on the projection and dynamics of the global market

– A detailed roadmap presenting the growth opportunities in the global Biopesticides market alongside the identification of key factors

– An exhaustive evaluation of the numerous trends prevailing in the global market that would help identify market developments

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The rising population and the resultant rise in food demand has made crop protection a multi-billion-dollar industry.  However, biopesticides market is at a very nascent stage strongly competing with the well-established synthetic pesticides companies. Key industry participants within biopesticides industry include ADAMA Agricultural Solutions, DuPont, Syngenta, Dow Chemical, Koppert, Valent BioSciences Corporation, BASF, Nufarm Limited, Valent BioSciences Corporation, Bioworkers Inc., Bayer Cropscience Limited, and Futureco Bioscience.

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About Author

Rahul Sankrityayan

Email: [email protected]   

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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