The global biopesticides market was valued at USD 3,361.3 million in 2018 and is expected to reach USD 7,863.4 million in 2026, growing at a CAGR of 10.9% during the forecast period.Biopesticides are kind of pesticides derived from natural materials as animals, plants, and bacteria among others. Additionally, there is a wide prevalence of chemical or synthetic pesticides in crop protection due to health concerns is expected to play a significant role in the development of the biopesticides. Considering the current scenario, several countries are adopting a stringent regulation approach concerning the number of imports for consumption, with a special focus on regulating the number of pesticide residues. Increase bans on synthetic pesticides and advancements in integrated pest management solutions are the main driving factors for the growth of the global biopesticides market. The growth in the environmental-friendly products for agriculture application and growing support for the disposition of biological solutions despite chemical pesticides across organic farming and IPM systems. Furthermore, these products are cost-efficient compared to chemical pesticides. This expected to create opportunities for the development of biopesticides in the global market in the future. However, the short shelf life of biopesticides and stringent approach concerning the number of imports are expected to restrain the growth of the market during the forecast period.The bioinsecticide segment expected to dominate the market throughout the forecast periodBased on the product, the global biopesticides market has been segmented into bioinsecticide, bionematicides, biofungicide, and others. The bioinsecticide type segment accounted for more than 50% of the share in the global biopesticides market in 2018 owing to increase in health concern will lead pest control and ensuring food security for the consumers. Furthermore, increase efforts to tackle difficulties associated against insects, key manufacturing companies are aiming to increase the number of microbes tested, which expected to increase the demand and sales for bioinsecticide in the global market over the forecast period. While the biofungicide segment accounted for the highest CAGR of around 12% in the global biopesticides market during the forecast period.Based on formulation, the supermarkets /hypermarkets segment is expected to grow at a CAGR of around 11% throughout the forecast periodBased on the formulation, the market has been segmented into the liquid formulation and dry formulation. The liquid formulation segment accounts of the largest share in the market and are expected to grow at a CAGR of around 13.5% during the forecast period. This segment is expected to grow due to an increase in innovations and advancements have also been approaching for the liquid formulation of biopesticides for foliar application. Based on the ingredient, the beverage segment is expected to dominate during the forecast periodBased on the ingredient, the market has been segmented into microbial pesticide, plant pesticide, and biochemical pesticide. The microbial pesticide segment accounts of the largest share in the market and held for more than 50% of the total market in 2018. Based on the mode of application, the foliar spray segment is expected to dominant the market during the forecast periodBased on application, the market has been segmented into foliar spray, seed treatment, soil treatment, and post-harvest. The foliar spray mode of application segment accounts of the largest share in the global biopesticides market in 2018. The major factors that are driving the growth of this segment are the change in focus from using biological crop protection techniques to naturally-derived pest-control materials, which estimated to create product demand for types of biopesticides in the market.Based on the application, the crop-based segment is expected to dominant the market during the forecast periodBased on the application, the market has been segmented into crop-based and non-crop-based. The crop-based application segment accounts of the largest share in the global biopesticides market in 2018. The non-crop-based segmented projected for the highest CAGR in the market. North America to dominate the biopesticides market throughout the forecast periodNorth America accounted for more than 40% global market share of the biopesticides in 2018 and is expected to dominate the market throughout the forecast period. The demand in the region is primarily driven owing to product development, increased interest in green agricultural practices, and the loss of many conventional products to reregistration and/or performance issues. Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period owing to the expansion in the agriculture industry and emerging economies in the region are likely to enhance the consumption of biopesticides.Company Profiles and Competitive Intelligence:The major players operating in the global biopesticides market are Bayer CropScience (Germany), Syngenta (Switzerland), BASF (Germany), Marrone Bio Innovations (US), Isagro (Italy), Valent BioSciences Corporation (US), Certis (US), Koppert (Netherlands), Bioworks (US), Stockton Group (Israel), and FMC Corporation (US) among others.
Summary: Get latest Market Research Reports on Biopesticides. Industry analysis & Market Report on Biopesticides is a syndicated market report, published as Global Biopesticides Market- Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026. It is complete Research Study and Industry Analysis of Biopesticides market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.