Biopesticides Market (By Source: Microbial Pesticides [Non Bt Products, Bt Products], Plant-incorporated Protectants, Biochemical Pesticides; By Product: Bioinsecticides, Bioherbicides, Bionematicides, Biofungicides, Others (including Plant Growth Regulators)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global biopesticides market size is expected to worth around US$ 6.5 billion by 2026 with rising CAGR of around 14.4 % over the forecast period 2019-2026.

Biopesticides are a type of pesticides derived from fungal, bacterial and virus-like microorganisms or from natural materials such as plants. The biochemical pesticides, microbial pesticides and plant protection products can be classified as biopesticides. Natural and non-toxical compounds or synthetically derived functionally similar to their natural counterparts are biochemical pesticides. As an active ingredient, microbial pesticides comprise microorganisms. Plant-incorporated protective agents are genetically engineered substances. The subtypes of microbial pesticides are BT and non-Bt products.

The report provides analysis of global Biopesticides market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Dynamics

A number of the advantages of biopesticides which promote the growth of the world biopestic market during the forecasted period include reducing environmental damage, targeted action, reduced coverage and rapid decomposition needs for smaller sums. In addition, the popularity of biopesticides has significantly increased in past years as a result of extensive research. Furthermore, techniques for the mass production, storage, transport and use of biopesticides have improved in recent years and are estimated to be lucrative in the near future.

Moreover, Growing environmental concerns about the use of synthetic pesticides (chemical) in combination with government support have been a major driver for the demand for biopesticides in many countries. Biopesticides are pesticides from renewable products such as plants, animals, bacteria and certain minerals. The impact of weeds, pests and insects on crops in field is monitored by bio-pesticides. The growth of the global biopesticides markets has also been contributing to the growing health concerns about the use of synthetic pesticides (chemical based).

The growth of the market for organic products throughout the world has raised consumer awareness of its advantages over synthetic products, particularly in the developed economies. The shift to organic products has resulted in the global market for biopesticides growing. Moreover, governments in several countries around the world have promoted the benefits of biopesticides, which further stimulate market growth. However, a considerable proportion of the world is still unaware of the advantages of biopesticides and this has impeded the market.

Compared with the total pesticide market, the global market for biopesticides is still very small and lacks the necessary profitable sustainability on the market. On the other hand, for several decades synthetic pesticides dominate the global market and are produced at relatively low cost compared with biopesticides. The achievement of this scale economy is therefore a difficult challenge for market participants. However, rapid biopesticides adoption rates should contribute to their cause.

Industry Outlook

Due to its cost efficiency and minimal environmental impacts, the microbial pesticides segment has a significant market share on the basis of its source. These pesticides contain active ingredients such as bacteria, viruses, fungi or protozoa. These natural materials do not harm the environment, unlike chemical pesticides. In addition, because of their lower environmental risk and cost efficiency, biopesticides can easily be used in integrated pesticides management systems (IPMs).

Biopesticides are used in a broad spectrum of applications (including nutrition and turf), including grains, oilseed, pulses, fruits and vegetables. Much of the world's biopesticides market comprises cereals and grains. Biopesticides give better results in the prevention of a wide range of pathogens and pests than chemical based pesticides on cereals and grain crops. Natural active materials are also included in the biopesticides. They are therefore non-toxic and have less impact on the environment. Fruit and vegetables are a lucrative part of the global pesticide market after cereals and grains.

Bioherbicides can deliver excellent results in weed control, primarily on fruits and vegetables; and plant types of cereals and grains. The demand for organic food is driven by innovation in crop protection technology and shift of consumer preference towards nutrition and greener food. The demand for organic fruits and vegetables and food grain crops has increased. The bioherbicide segment of the global biopesticides market is also enhanced by the easy adoption of bioherbicides in integrated weed control programmes.

The advantages of bio-pesticides are unknown to most farmers in developing countries because of their extensive popularity in chemical pesticides. The agricultural sector in developing countries is dominated by traditional techniques. Thus in agricultural and agricultural industries, and especially in developing economies, the rate of acceptance of advanced products is slow. The lack of an effective biopesticides distribution network has negatively affected the local market availability of biopesticides. These factors would in the near future hinder the market for biopesticides. The key challenges facing the global biopesticides market are low lifetimes of biopesticides compared to chemical pesticides and time consuming & expensive pesticide registration processes.

Regional Stance

North America held the leading share in the global market of biopesticides in 2018 in terms of volume and value. The United States is a leading biopesticidal country. Key players and several local and unorganized manufacturers operate in the country's market. A significant factor driving the global biopesticides market is the presence of large areas of land and the increase in demands of organic agriculture products, led by the application of strict environmental rules governing the use of synthetic pesticides. The biopesticides market in Asia Pacific is estimated to expand at a rapid pace during the forecast period. Increase in demand for food crops, mainly cereals and grains and fruit and vegetables, due to the ever-growing population is fuelling the demand for efficient agrochemicals in the region. This coupled with rise in awareness about benefits of bio-based agrochemicals among farmers is also augmenting the demand for biopesticides in Asia Pacific. Government support in terms of subsidies and awareness programs for educating farmers about the ill-effects of chemical-based pesticides is anticipated to propel the popularity of biopesticides in the pesticides industry in the region. There will be a rapid growth in Europe and Latin America as well as slow growth in the Middle East and Africa from 2019 to 2026.

Market Segmentation

Global Biopesticides Market, By Source

• Microbial Pesticides
• Non Bt Products
• Bt Products
• Plant-incorporated Protectants
• Biochemical Pesticides

Global Biopesticides Market, By Product

• Bioinsecticides
• Bioherbicides
• Bionematicides
• Biofungicides
• Others (including Plant Growth Regulators)

Global Biopesticides Market, By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa (MEA)

The market research study on “Biopesticides Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Biopesticides market segments with market dynamics and their impact. The report also covers basic technology development policies.

The report provides an analysis of the latest industry trends from 2015 to 2026 in all sub-segment segments and forecasts revenue and volume growth on the global, the regional and country levels. ARC has divided the global market report of medical oxygen concentrations on product, application, technology and region for this study.

Key Players & Strategies

With the presence of regional and local players, the world biopesticides market is fragmented. The market has been acquired by major chemical companies by key manufacturers. For example, Monsanto Company was purchased by Bayer AG in 2016. Certis USA L.L.C., Bayer AG, Syngenta International AG, FMC Corps, Novozymes A / S, Gujarat State Fertilizers and Chemicals Ltd (Gujarat State Fertilizers and Chemicals Ltd) and BioSafe Systems Llc are key players in its business activities. LLC is the company's main player. In terms of attribute such as company overview, financial overview, business strategy, product mapping and latest developments, market player has been highlighted.