Biopesticides Market Overview:
The global biopesticides market generated revenue of $3,738 million in 2015, and is expected to reach $11,176 million by 2022, registering a CAGR of 16.9% during the forecast period. The Environmental Protection Agency (EPA) defines biopesticide is derived from natural materials, such as animals, plants, bacteria, and certain minerals. Microorganisms, such as a bacteria, virus, fungus or microscopic nematode worms could be used in agricultural practices to control or eliminate pests that are expected to inflict damage to a plant.
The global biopesticides market is segmented based on type, crop type, and geography. Based on type, it is categorized into microbial, predators, and others. The microbial segment is further classified into bacterial, fungal, and viral. The predators segment is further subsegmented into bugs & beetles, nematodes, and parasites. Based on crop type, it is divided into orchards, grazing & dry land, and field crops.
Global Biopesticides Market Segmentation
Several advantages of biopesticides that boost the growth of global biopesticides market during the forecast period are reduced environmental damage, targeted action, necessity for smaller amounts for effective coverage, and quicker decomposition. Furthermore, the popularity of biopesticides has increased substantially in recent years, as extensive research has enhanced their effectiveness. In addition, the techniques for the mass production, storage, transport, and application of biopesticides have improved in recent years and is estimated to provide lucrative opportunities in the near future.
Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest share, owing to stringent governmental regulations, customer demands, and available land for cultivation. However, Asia-Pacific is expected to show highest growth rate during the forecast period.
Global Biopesticides Market Share, by Geography, 2015 & 2022 (%)
The U.S. accounted for the highest market share in 2015, and is expected to maintain its dominance throughout the forecast period.
U.S. Biopesticides Market Revenue, 2014-2022 ($Million)
Key players profiled in this report include Actagro LLC., Agbiochem Inc., Agbitech Pty Ltd., Bio-Tech Ltd., Amit Biotech, Amvac Chemical, Andermatt Biocontrol AG, Arbico Organics, Bayer AG, and BASF Corp. (Formerly Becker Underwood Inc.)
Other players in the value chain (not profiled in the report) include Bedoukian Research Inc., Bioag Alliance, Biologic Co., Biogard, Biosafe Systems LLC., Biotepp, Bioworks Inc., Bonide Products, Certis Usa LLC, Dow Agrosciences, Dsm Food Specialties, and Embrapa Milho E Sorgo.
- Comprehensive analysis of the drivers and restraints that affect the market growth are provided.
- The report provides quantitative analysis of the current trends and future estimations from 2014 to 2022 to assist the stakeholders to identify prevalent market opportunities.
- Top investment pockets highlight the opportunities in the most lucrative product segment.
- Key players of the market are profiled and their strategies are analyzed to identify the global competitive outlook.
- Market trends of major countries in each region are mapped according to the estimated revenue.
Biopesticides Market Key Segmentation
- Bugs & Beetles
- Others (Pheromones and Protozoa)
By Crop Type
- Grazing & Dry Land
- Field Crops
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of LAMEA