Biopesticides Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts 2019 to 2024
Global “Biopesticides Market” is expected to an extensive growth during the forecast period 2018-2023. Biopesticides Market report provides in detail analysis of market with revenue growth and future trends. report includes the forecasts, market size, share estimates and profiles of the leading industry Players.
The biopesticides market was valued at USD 3,147.1 million in 2019 and is expected to register a CAGR of 14.1%, during the forecast period (2019-2024). Of all the regions, South America is expected to witness the fastest growth in the forecast period, recording a CAGR of 16.4%. In addition, the United States is likely to be the largest individual market over the forecast period.
While the prevalence of chemical or synthetic pesticides in crop protection, human, animal, and environmental health concerns are playing key roles in driving the growth of biopesticides. Several countries are adopting a stringent approach concerning the amount of imports, with a special focus on regulating the quantity of pesticide residues. Emerging economies in Asia – Pacific are likely to take the lead in the adoption of biopesticides.
Scope of the Report
According to EPA, “Biopesticides are certain types of pesticides, derived from natural materials, such as animals, plants, bacteria, and certain minerals”. The present study takes into consideration, both microbial and organic pesticides. The market is broadly segmented into bioinsecticide, bioherbicide, biofungicide, and others. The report presents a wide-ranging analysis of market share, size, and volume of the biopesticide market on a global scale. The corporations in the biopesticide market operate in B2B, as well as B2C, format. However, to eliminate any “double-count” error in market estimations, bulk buyers procuring these biopesticides for retail sale are, after value-addition through further processing, not considered within the market studied.
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Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Biopesticides Market by Companies
Key Market Trends
Easy Registration Procedure
Given that biopesticides tend to pose fewer risks than chemical pesticides, the EPA generally requires fewer data to register a biopesticide than to register a chemical pesticide. As a result, new biopesticides are often registered in less than a year, compared to an average of more than three years for chemical pesticides. To promote the use of biopesticides, developing countries have simplified the requirement for the registration of biopesticides. These countries are also providing grants for R&D and production unit setups. All these activities are creating an opportunity for the development of the biopesticide market, globally.
North America Dominates the Market
North America represents around 41.6% of the market for biopesticides. Demand in the region is driven by a number of factors, including the increased interest in green agricultural practices and the loss of many conventional products to reregistration and/or performance issues. Product development has also driven up the demand for biopesticides. Currently, more and better biological active ingredients and products are available that can compete with, as well as complement conventional chemical pesticides.
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Table of Content of Global Biopesticides Market – Growth, Trends, Forecast and Challenges (2019 – 2023)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Biopesticides Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Biopesticides Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Biopesticides Market Segmentation, By Capacity
7. Global Biopesticides Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Biopesticides Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Biopesticides Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
10.4 Company 4
10.5 Company 5
And Many More….
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No. of Pages: – 157
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