BioPesticides are emerging as a lucrative replacement for synthetic pesticides in Europe due to increasing regulations on chemical use and chemical residue limit. Several European countries have initiated national programs for promoting the use of BioPesticides.
Europe biopesticide is expected to grow at a CAGR of 15.02% and reach USD 1.71 billion in 2023 from USD 0.85 million in 2018.
Extracts of Plants, micro-organisms and certain minerals constitute to form BioPesticides. The BioPesticides control diseases or pests through broad spectrum approach and even through selective approach. These are replacing conventional pesticides from the market due to their non-toxic quality and target specific behaviour. BioPesticides target only specific pests which are needed to be destroyed.
BioPesticides are advantageous for farmers as well as for the environment. They are usually inherently less toxic than conventional BioPesticides, they are comparatively cheaper and effective. They decompose well without leaving any harmful residues.
European market growth is driven by the high prevalence of crop diseases and rising demand for organic both in both developed and developing regions. Initiatives have been taken by various research institutes to improve techniques for the augmentation and application of BioPesticides. Farmers are unaware regarding the benefits of BioPesticides and also reluctant to change from the existing practices of chemical pesticides which are restraining the growth of the market.
According to ingredients, they are classified as biochemical pesticides, plant pesticides and microbial pesticides. On the basis of microorganism’s type, they are segmented into bioherbicides, biofungicides, bionematicides and bioinsecticide. Based on crop type the market is fragmented among permanent and arable crops along with forage & turf grasses and greenhouse crops. By application, the market is bifurcated into seed treatment, on farm and post-harvest application. Biofungicide and bionematicide segments are anticipated to witness highest growth in the global biopesticide market.
Major companies operating in the European market are Parry America, Andermatt Biocontrol Ag, Marrone Bio Innovations Inc, Agbitech Pty Limited, Bioworks Inc., Som Phytopharma Limited, Camson Bio Technologies Limited, Hebei Veyong Bio-Chemical Co. Limited, Becker Underwood Inc., Agraquest Inc., Growth Products Limited, Valent Biosciences Corp, Biocare, Natural Industries and Novoenzymes A/S.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Crop Type
5.1.1 Permanent Crops
5.1.2 Arable Crops
5.1.3 Forage & Turf grasses
5.1.4 Greenhouse Crops
5.2 By Ingredients
5.2.1 Biochemical Pesticides
5.2.2 Plant Pesticides
5.2.3 Microbial Pesticides
5.3 By Microorganism's Type
5.3.1 Bioherbicides
5.3.2 Biofungicides
5.3.3 Bionematicides
5.3.4 Bioinsecticide
5.4 By Application
5.4.1 Seed Treatment
5.4.2 On Farm
5.4.3 Post-Harvest
6. Geographical Analysis
6.1 Introduction
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Parry America
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Andermatt Biocontrol Ag
8.3 Marrone Bio Innovations Inc
8.4 Agbitech Pty Limited
8.5 Bioworks Inc.
8.6 Som Phytopharma Limited
8.7 Camson Bio Technologies Limited
8.8 Hebei Veyong Bio-Chemical Co. Limited
8.9 Becker Underwood Inc.
8.10 Agraquest Inc.
8.11 Growth Products Limited
8.12 Valent Biosciences Corp
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
