Market Analysis 

The global biopesticides industry analysis is likely to grow at a 15.9% CAGR between 2017- 2023, according to the recent report by Market Research Future (MRFR). Biopesticides, simply put, are pesticides that are derived from various natural sources like bacteria, certain minerals, plants, and animals. It comprises naturally occurring substances which help to control pests. The best part about biopesticides is they will not leave behind any toxic residue. Besides, they offer long-term/permanent control on pests. Owing to its eco-friendly nature, biopesticides have gained immense recognition. Bioherbicide, bio fungicide, bioinsecticide, and others are the different types of biopesticides that come in both liquid and dry form. Some of its key applications include seed treatment, soil treatment, foliar treatment, and others. 

Various factors are adding to the global biopesticides market growth. Such factors, according to the new MRFR report, include the favorable support by the government in different countries in favor of eco-friendly products, increasing concerns about the usage of synthetic pesticides, surging demand for organic products, especially in developed countries, and rising acceptance of biopesticides in the agriculture sector. 

On the contrary, the availability of synthetic pesticides at a comparatively cheaper cost may deter the biopesticides market growth over the forecast period. 

Key Players

Eminent players profiled in the global biopesticides market report include DuPont (U.S.), Certis USA LLC (U.S.), Bayer Crop Science AG (Germany), Novozymes Biologicals (Denmark), BASF SE (Germany), Syngenta (Switzerland), and Monsanto Company (U.S.). Key players have incorporated several strategies to create a niche in the market such as mergers, joint ventures, new product launch, and extensive RD.

To get more info: https://www.marketresearchfuture.com/press-release/biopesticides-industry

Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global biopesticides market report based on type, form, application, and crop. 

By type, the biopesticides market is segmented into bioherbicide, bio fungicide, bioinsecticide, and others. Of these, the bioinsecticide segment will lead the market over the forecast period. Easy application and convenience to use are adding to the growth of the segment. 

By form, the global biopesticides market is segmented into liquid, dry, others. Of these, the liquid form segment will dominate the market over the forecast period. 

By application, the biopesticides market is segmented into seed treatment, soil treatment, foliar treatment, and others. Of these, the foliar treatment will have a major share over the forecast period. This will be followed by the soil treatment segment, which is likely to have moderate growth during the forecast period. 

By crop, the biopesticides market is segmented into fruits and vegetables, oilseeds, cereals and grains, and others. Of these, cereals and grains will have a major share in the market over the forecast period. This will be followed by the fruits and vegetables segment, which is likely to have substantial growth during the forecast period. 

Regional Analysis

Based on the region, the biopesticides market report covers the recent trends and growth opportunities across North America, Europe, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Product innovations by leading players in this region, coupled with burgeoning demand for organic products in the United States are adding market growth in the region. 

The biopesticides market in Europe is predicted to have the second-largest share over the forecast period. The UK and Germany are the chief contributors in the region. 

The biopesticides market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing awareness about biopesticides in developing countries is propelling market growth in the region. Australia, China, and India are the chief contributors in the region. 

The biopesticides market in the RoW is predicted to have moderate growth over the forecast period.