In 2021, the global biopesticides market valued at USD 4.40 billion and was estimated to grow at a 13.1% CAGR to reach USD 10.63 billion by 2026.
Biopesticides are pesticides derived from renewable materials like plants, animals, bacteria, and some minerals. They are used to prevent the effect of weeds, pests, and insects on field crops. Increasing concern related to the health issues caused by synthetic pesticides have promoted the need for biopesticides.
Increasing environmental concerns regarding the use of chemical-based pesticides coupled with government support in many countries are also acting as significant factors fuelling the demand for biopesticides.
Impact of COVID-19 on Biopesticides Market
The sudden outbreak of the coronavirus pandemic has hit the global market as the governments implement lockdown actions and limit the masses' movement. These actions significantly affect biopesticide production as factories face supply chain disruptions and workers' unavailability. The global biopesticides market is expected to witness interruptions and production decline due to raw material scarcity, labor shortages, and government-mandated plant shutdowns.
The market is still challenged by the logistical and associated economic impacts of the COVID-19 pandemic. Nonetheless, the effects are uneven across markets, and not all are negative. For instance, Chinese biopesticides manufacturing plants' time-being shutdown can help producers based out of India, Europe, and North America to fill the void and grow their order intakes. However, supply chain disturbances have led to raw material procurement issues for several producers, especially companies’ dependent on Chinese raw materials are facing significant logistical challenges.
In March 2020, Marrone Bio Innovations signed an agreement with Anasac (Chile) to develop and distribute Grandevo and Venerate bioinsecticide in Chile.
During February 2020, Stockton Bio AG shook hands with ADAMA Agricultural Solutions Ltd. (Israel), a crop protection company, to distribute its bio fungicides Regev and Hybrid in the Ecuadorian market.
In August 2019, Certis U.S.A. L.L.C. confirmed abouts its distribution of Requiem Prime bioinsecticide in the U.S., under the agreement between Bayer AG (Germany) and Certis U.S.A.
In July 2019, a new biological insecticide named Velifer was launched by BASF SE for pest control in vegetable crops, registered for use in Australia.
In March 2019, Syngenta AG launched its first bioinsecticide, Costar, in Portugal. The formulation is majorly developed using the strain of Bacillus spp., for being used in over 50 different crops in European nations.
Several advantages of biopesticides that boost the global biopesticides market's growth during the forecast period are reduced environmental damage, targeted action, a necessity for smaller amounts for adequate coverage, and quicker decomposition. Also, the adoption of these biopesticides has skyrocketed in recent years, due its improved effectiveness. The methods for the mass production, storage, transport, and application of biopesticides have developed in recent years and are estimated to provide lucrative opportunities in the coming years.
Compared to chemical agriculture-inputs in emerging nations, the product's low adoption rate can restrict the market's growth. Besides, the market of biopesticides is characterized by several start-up companies that are facing issues related to funding, infrastructure, and market penetration. These small players undertake R&D activities that also fail to sense the demand dynamics of a particular geography, which can further restrain market growth.
Based on type, the bioinsecticide segment is foreseen to hold the dominant portion in the global biopesticides market. This large share can be credited to the increasing awareness about environmental hazards with the chemical insecticides, surge in insect-based infections, and a hike in the number of resistant pests.
Based on the application mode, the seed treatment application segment is slated to grow at the fastest CAGR during the outlook period. This rapid growth segment is mainly attributed to its safety, pest resistance advantages, and easier registration path. The microbial pesticides are often used in conjunction with the chemical by seed treatment application method, as chemical pesticide provides early-season control and microbial provides extended control.
Based on form, the liquid form is supposed to value as the largest segment of the global biopesticides market in 2019, primarily owing to the higher effective duration (up to 6 months) as compared to that of dry formulation (up to 3 months), as well as their better performance over dry formulation in preventing diseases.
Based on origin, the microbial segment accounted for the leading share in the global biopesticides market in 2019. As microbial origin pesticides comprise naturally occurring viruses, fungi, or bacteria, they are mostly preferred for organic and residue-free food production. Moreover, factors like the higher advantage of selectivity; high effectivity; no adverse effects on humans, plants, and animals; and ease of use are responsible for the rapid increase in adopting microbial biopesticides.
Based on crop type, fruits and vegetable crop type is predicted to control the global biopesticides market with a substantial CAGR during the forecast timeframe of 2021-2026. This segment's large share can primarily be associated with increasing fruits and vegetables globally, increasing organic farming, and a growing number of diseases on fruits and vegetables.
North America currently dominates the global market and is supposed to value a significant proportion during the foreseen period. Stringent rules and regulations regarding synthetic crop protection chemicals to safeguard the environment from hazardous effects propel the regional market. The uncompromising search for greener inputs for crop cultivation drives the product's sales in the regional marketplace. Moreover, the intense focus on utilizing microbe-based pesticides for yield-enhancements and pest-resistance improvements positively impacts market growth and product demand.
The market for biopesticides is enormous in the Asian agriculture sector. The population-rise, bound to create pressure on food security, is expected to be more prominent in the Asia Pacific. Therefore, the need for biopesticides will rise as they are economic, safe, and effective to improve the yield in the cultivable land. Row crops such as wheat, soy, and rice show extensive utilization of these pesticides to increase their crop yield in a possible eco-friendly manner.
The market for these chemicals in South America is proliferating due to the increasing area under organic farming and the amplifying demand for organic food across countries like Brazil and Argentina. The advancement of biological technologies and rising investments by prominent players of this market in producing bio-based crop protection chemicals in South America is estimated to propel the market growth.
Some of the prominent players operating in the global biopesticides market are BASF SE (Germany), Syngenta AG (Switzerland), Marrone Bio Innovations (U.S.), Bayer AG (Germany), Novozymes A/S (Denmark), Certis U.S.A. L.L.C. (U.S.), Andermatt Biocontrol AG (Switzerland), and Nufarm (Australia).
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Biopesticides Market, By Type
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Biopesticides Market, By Mode of Application
6.2.1 Foliar Spray
6.2.2 Soil Treatment
6.2.3 Seed Treatment
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Biopesticides Market, By Form
6.3.3 Market Size Estimations & Forecasts (2021-2026)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Biopesticides Market, By Origin
6.4.2 Beneficial Insects
6.4.4 Market Size Estimations & Forecasts (2021-2026)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
6.5 Biopesticides Market, By Crop Type
6.5.1 Cereals and Grains
6.5.2 Fruits and Vegetables
6.5.3 Oilseeds and Pulses
6.5.4 Market Size Estimations & Forecasts (2021-2026)
6.5.5 Y-o-Y Growth Rate Analysis
6.5.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Mode of Application
7.2.4 By Form
7.2.5 By Origin
7.2.6 By Crop Type
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Type
7.3.3 By Mode of Application
7.3.4 By Form
7.3.5 By Origin
7.3.6 By Crop Type
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Mode of Application
7.4.4 By Form
7.4.5 By Origin
7.4.6 By Crop Type
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Type
7.5.3 By Mode of Application
7.5.4 By Form
7.5.5 By Origin
7.5.6 By Crop Type
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Type
7.6.3 By Mode of Application
7.6.4 By Form
7.6.5 By Origin
7.6.6 By Crop Type
8. Key Player Analysis
8.1 BASF SE
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Syngenta AG
8.3 Marrone Bio Innovations
8.4 Bayer AG
8.5 Novozymes A/S
8.6 Certis U.S.A. L.L.C
8.7 Andermatt Biocontrol AG
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures