Biopesticides are a type of pest control that use natural organisms or their byproducts, such as bacteria, viruses, fungi, and plant extracts, to control pests and diseases. The global biopesticides market is growing rapidly due to increasing awareness among farmers about the harmful effects of chemical pesticides on human health and the environment.
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One of the key factors driving the growth of the biopesticides market is the increasing demand for organic food. Organic farming relies heavily on biopesticides as they are considered to be safe and effective alternatives to chemical pesticides. The growing popularity of organic food among consumers is driving the demand for biopesticides.
Companies
- Bayer AG
- DowDuPont
- BASF SE
- Syngenta AG
- Nufarm
- Novozymes
- Rolfes Agri
- Marrone Bio Innovations
- Isagro SpA
- Excel Crop Care Ltd.
- Sikko Industries Ltd.
- Certis USA L.L.C.
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Another factor driving the growth of the biopesticides market is the increasing adoption of integrated pest management (IPM) practices. IPM is a pest control strategy that combines multiple pest control methods, including biopesticides, to manage pests in a sustainable way. The adoption of IPM practices is increasing due to its benefits such as reduced chemical pesticide use, increased crop yield, and improved soil health.
The Asia Pacific region is expected to be a major contributor to the growth of the biopesticides market due to the increasing demand for food and the growing awareness among farmers about the harmful effects of chemical pesticides on human health and the environment. India, China, and Japan are the major markets in the region due to the large agriculture sector in these countries.
The biopesticides market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include BASF SE, Bayer AG, Syngenta, Novozymes A/S, and Koppert Biological Systems. These companies are focusing on product innovation and development, mergers and acquisitions, and partnerships and collaborations to stay ahead of the competition and to meet the evolving needs of their customers.
One of the challenges facing the biopesticides market is the lack of awareness among farmers about the benefits of biopesticides and the limited availability of these products. The high cost of production and limited availability of biopesticides compared to chemical pesticides is also hindering the growth of the market.
The biopesticides market
The biopesticides market is anticipated to reach nearly US$ ~ 5.0 Bn by the end of 2019 in terms of value, and is forecasted to reach US$ ~ 13.0 Bn by the end of 2029.
Biopesticides are pesticides extracted from natural resources such as plants, animals, bacteria, and certain minerals. Biopesticides include natural substances that control pests (biochemical pesticides), microorganisms that control pests (microbial pesticides), and biochemical plant growth regulators.
Biopesticides are used in agricultural practices for the purpose of insect control, disease control, weed control, nematode control, plant physiology and productivity. Biopesticides are non-toxic to non-target organisms, including beneficial insects and wildlife. Many biopesticides also are biodegradable. They decompose fast and do not harmfully impact surface water and groundwater.
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Biopesticides Market: Segmentation
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