Biopesticides market: Meticulous Research® discovers the fact …


(MENAFN- GetNews) Biopesticides market by product type (bioinsecticides, bioherbicides, biofungicides), origin (microbial, biochemical), formulation (liquid, dry), mode of application (foliar spraying, seed treatment), type of crop and Geography – Global Forecast to 2028. The biopesticides market is expected to reach $ 9.6 billion by 2028, at a CAGR of 11.7% during the forecast period 2021 to 2028.

The Asian market is expected to offer immense growth opportunities to players operating in this market, with China and India using more biopesticides. The competitiveness of the biopesticides market has increased with the increasing demand for organic food in these countries as well as in organic production systems; biopesticides are the most important crop protection tools because a grower must produce a quality crop without chemical residues. In 2020, the Brazilian Ministry of Agriculture released the record for two organic pesticides. One is based on garlic extract, which can control nematodes (soil pests that attack plant roots), and the other is a mite that controls whitefly, a pest that attacks potatoes. land, tomatoes and beans, among other crops.

With the decision of the Chinese government to boost agricultural development to reduce poverty, the combination of science and technology with the growing interest in biopesticides emerged and, therefore, was rapidly promoted. In China and other developing countries, environmental risks caused by chemical pesticides have prompted them to resort to biopesticides. As part of China’s plan for zero growth in pesticide consumption until 2020, more efforts are being made to develop biopesticides. In 2020, China reduced plant protection products to ward off weeds and pests by 20% and inorganic fertilizers by 50%.

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In addition, in 2016, the Brazilian National Health Surveillance Agency (Anvisa) cleaned up the agrochemical registration line from original organic products intended for use in either conventional agriculture or agriculture. biological. The aim is to promote the expansion of the use of organic products and to reduce the use of more toxic agrochemicals. Thus, the growing demand for organic food, the high prevalence of crop diseases and the initiatives of the government and research institutes to develop biopesticides make the Asia-Pacific and Latin America regions a land of opportunities for the biopesticides market. .

According to this latest publication from Meticulous Research®, the global biopesticides market is expected to grow at a CAGR of 11.7% from 2021 to 2028 to reach $ 9.6 billion by 2028. Moreover, in terms of volume, the Biopesticides market is expected to register a CAGR of 9.6% from 2021 to 2028 to reach 558.4 KT by 2028.

The growth of this market is supported by increasing investments from leading crop protection companies, increasing awareness of environmental safety, superior crop quality and yield through use of biopesticides, growth of organic farming and demand for organic food, and growing government initiatives.

To provide effective analysis, Meticulous Research® has segmented this market on the basis of product type (bioinsecticides, bioherbicides, biofungicides, bionematicides and other biopesticides), origin (microbial, biochemical and PIP), by formulation (liquid biopesticides and dry biopesticides), method of application (foliar spray, seed treatment, soil treatment, root treatment, post-harvest application and other application methods), type of crop (fruits and vegetables, cereals and grains, oilseeds and legumes and other cultures) and geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The study also assesses the industry’s competitors and analyzes the market on a national level.

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Geographically, the global biopesticides market is divided into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is estimated to account for the largest share of the global biopesticides market in 2021, followed by Europe and Asia-Pacific, due to growing concerns about chemicals harmful to the environment, the growing demand for organic food and the presence of a listing process. In addition, the presence of a large number of key players in North America and the increasing adoption of environmentally friendly farming methods by farmers further supports the growth of the North American market for biopesticides.

On the basis of product type, the bioinsecticides segment is expected to account for the largest share of the global biopesticides market in 2021. Moreover, this segment is further expected to remain the largest product type until 2028 in the biopesticides market. due to the growing awareness regarding the environmental dangers of chemical insecticides, a high prevalence of insect-based infections and the increasing number of insecticide-resistant pests.

On the basis of origin, the microbial biopesticides segment is expected to account for the largest share of the global biopesticides market in 2021. Moreover, this segment is expected to register the highest CAGR during the forecast period as pesticides of microbial origin are composed of natural viruses. , fungi or bacteria. They are especially preferred for organic and residue-free food production. In addition, factors such as the superior advantage of selectivity; high efficiency; no adverse effects on humans, plants and animals; and ease of use are driving the growth of the microbial biopesticides market across the globe.

On the basis of formulation, the liquid biopesticides segment is expected to account for the largest share of the global biopesticides market in 2021. Moreover, this segment is further expected to register the highest CAGR during the forecast period due to the longer duration of effectiveness of liquid biopesticides. (up to 6 months) compared to dry biopesticides (up to 3 months) and their better performance in disease control.

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Based on the mode of application, in 2021, the foliar spraying segment is expected to account for the largest share of the global biopesticides market. The large share of this segment is mainly attributed to the uniform distribution of biochemicals, the highest efficiency in the use of biopesticides and the minimal or no wastage of biopesticides obtained using the foliar spray technique.

On the basis of crop type, the fruit and vegetable segment is expected to account for the largest share of the global biopesticides market in 2021, owing to the increase in the production of fruits and vegetables in the world, the growth of the organic farming in the world and the growing number of diseases. affecting fruit and vegetable crops.

The major players presented in the Global Biopesticides Market Research Report are Bayer AG (Germany), Marrone Bio Innovations, Inc. (US), Certis USA LLC (part of Mitsui & Co.) (US ), The Dow Chemical Company (part of Dow Inc.) (United States), Andermatt Biocontol AG (Switzerland), BASF SE (Germany), Som Phytopharma India Limited (India), Syngenta AG (part of ChemChina) (Switzerland) , International Panaacea Ltd (IPL) (India), The Stockton (STK) Group (Israel), BioWorks, Inc. (US), Novozymes A / S (Denmark), Koppert BV (Netherlands), W. Neudorff GmbH KG (Germany), InVivo Group (France), Valent USA LLC (part of Sumitomo Chemical Co., Ltd.) (United States), FMC Corporation (United States) and Gowan Company, LLC. (United States), among others.

TOP 10 COMPANIES IN THE BIOPESTICIDES MARKET

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