Latin America Biopesticides Market has been estimated at USD 1.35 million in 2021 and is projected to reach USD 2.77 billion by 2026, at a CAGR of 17.28% during the forecast period from 2021 to 2026.
The growth of the biopesticides market in Latin America has been substantial since the early 1990s. Local, small-scale production for local use has been a significant factor in this, especially for viral- and fungal-based products. There are, however, a number of larger companies throughout Latin America that are exporting products within the region and beyond. Brazil and Cuba are the largest biopesticide markets in the region, followed by Colombia. All three are characterized by the fact that there are few if any biopesticide imports. In fact, the Latin American biopesticide market as a whole is characterized by government and NGO encouraged local production.
biopesticides are substances derived from plants (plant-incorporated protectants or PIP’s), micro-organisms (microbial pesticides), and certain minerals (biochemical pesticides). The biopesticides control diseases or pests through a broad-spectrum approach and even through a selective approach. These are replacing conventional pesticides from the market due to their non-toxic quality and target specific behavior. Biopesticides are usually inherently less toxic than conventional biopesticides, they are comparatively cheaper and effective, decomposes well without leaving any harmful residues, have substantially nullified impact on non-targeted species and can greatly reduce the use of conventional pesticides with high yield.
Drivers and Restraints of Latin America Biopesticides Market:
Latin America market growth is driven by the high prevalence of crop diseases and rising demand for organic both in both developed and developing regions. Various research centers all around the world are taking initiatives to improve techniques for the augmentation and application of biopesticides. Farmers are unaware of the benefits of biopesticides and also reluctant to change from the existing practices of chemical pesticides which are restraining the growth of the market.
Latin America Biopesticides Market - By Ingredients:
Latin America Biopesticides Market - By Microorganism’s Type:
Latin America Biopesticides Market - By Based on Crop Type:
Latin America Biopesticides Market - By Application:
Biofungicide and bionematicide segments are anticipated to witness the highest growth in the global biopesticide market.
Key Players:
Major companies in the 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 Brazil
6.3 Mexico
6.4 Argentina
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
