Biopesticides Market Research Analysis Report by 2024

Global Biopesticides Market The eco-friendly trend, having already established its aura in major professional domains, has made considerable impact on biopesticides market as well.

Endowed with a profitable spectrum of applications across foliar sprays and seed treatment, biopesticides industry is likely to bring about a remarkable change in the dynamics of the overall agricultural sector, given its projected contribution toward the development of organic farming across the globe. Derived from natural sources, such as plants, minerals, animals, and even bacteria, biopesticides are the best and safest alternatives to synthetic pesticides.

Recently, the IIHR (Indian Institute of Horticultural Research), a division of the Indian Council for Agricultural Research, based in Bengaluru, announced that the institute has granted more than 465 industrial licenses in the last couple of years, for the production of bio-pesticides, in a bid to discourage farmers from using chemical sprays and synthetic pesticides for crop protection, thereby providing a boost to biopesticides industry. With bioinsecticides, biofungicides, and bioherbicides making a strong foray in the agricultural sector, biopesticides market size is all set to exceed USD 2.5 billion by 2024.

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1. Biopesticides Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Biopesticides Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Biopesticides Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.

The usage of biopesticides for crops is not exactly a modernistic approach, these compounds have been used since long by landowners and farmers. However, the commercialization of these products has depicted an inclined curve just in the last few years, perhaps due to which biopesticides industry is still considered to be thriving at the developmental stage of progress.

Nonetheless, efforts are being made to upswing biopesticides market share, by increasing product adoption for providing natural protection to crops. For instance, Denmark has developed the ‘Green Growth’ scheme to financially support manufacturers involved in the development of alternative plant protection products. Furthermore, France has also initiated a program called ‘Ecophyto 2018’, in a bid to lower the utilization of synthetic pesticides by almost 50%, by 2018.

The immensely appreciable contribution of these programs commenced by the European nations such as Germany, France, Denmark, and the like, is projected to augment Europe biopesticides market, anticipated to observe a CAGR of 6.2% over 2016-2024.

Biopesticides, already having penetrated the foliar spray business since long, has established a considerably strong foothold in seed treatment as well. In fact, as per analysts, biopesticies industry size from seed treatment was worth more than USD 130 million in 2016. This revenue generation may, in most counts, be credited to the fact that biopesticides are non-toxic and help to deliver a highly superior crop yield.

It has been claimed that biopesticides market from seed treatment may garner a significantly commendable popularity in the years to come, pertaining to the fact that biopesticides considerably enhance the nutritional competence of crops, in addition to improving seed performance and disinfecting seeds for irradiating pathogens.

The importance of bio-controlled seed treatment has also been recognized by prominent business players, owing to which biopesticides industry has been witnessing a slew of M&As. Recently, Albaugh, LLC and Marrone Bio Innovations, Inc. have entered a partnership to promote one of the latter’s proprietary microbial biopesticide endowed with nematicidal and insecticidal properties, especially for seed treatment applications.

North America biopesticides market catered for over 35% of the regional industry share in 2016 Increasing demand for organic food along stringent food safety regulations led the regional industry growth.

Europe, dominated Germany and France biopesticides market will witness growth over 6.2% up to 2024. EU countries have introduced national programs for prompting the bio inputs consumption. For instance, France has commenced a program "Ecophyto 2018" with an objective of reducing nearly 50% synthetic pesticides consumption by 2018. Denmark is another country has initiated to the "Green Growth" scheme offering financial help to developers of alternatives plant protection items.

Supportive FDI inflows in Africa along with the rising focus on the exportation of grains, dates, olives, and cereals to EU countries will support the product demand. EU’s stringent regulations to promote bio inputs in farming will favor green chemicals’ usage in exporting countries.

Egypt and Tunisia hold a substantial place in the African agriculture industry. The availability of limited but fertile land, increased farming education, and focus on exports are the key factors driving growth in these regions.

Bayer, Bioworks, Stoller, Syngenta, Dow, ADAMA, BASF, Nufarm, DuPont, Futureco Bioscience, Valent BioSciences, and Koppert are the notable industry participants.

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About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.