The Global Market for Biopesticides is Projected to Reach US$3.8 Billion by 2022

Growing Pressure to Reduce Chemical Residue in Food to Drive the Biopesticides Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Biopesticides market. The global market for Biopesticides is projected to reach US$3.8 billion by 2022, driven by the increasing pressure to minimize chemical residues in food, stringent restrictions on use of chemical pesticides, rising demand for organic food, and encouraging advances in biopesticide discovery and development.

Growing population and the ensuing rise in food demand has made crop protection a multi-billion dollar industry, with pesticides constituting a sizable chunk of the revenue pie. Proper pest management practices and products are critical in ensuring better health and yield of crops for maximizing food production from fewer resources, more so given the declining arable land resources across the globe. Chemical pesticides, such as organophosphorus, halogenated and carbamate compounds, have ruled the market for several decades and continue to do so in today’s pest management programs. However, their excess use is contributing to growing contamination of water, land and air in addition to causing a rise in insect resistance, and becoming hazardous to human health. Biopesticides, therefore, are emerging as a viable replacement to conventional synthetic pesticides. Derived from natural elements including plants and animals such as algae, fungi, bacteria, protozoans and nematodes, biopesticides are effective, specific to targets and environment friendly when comparted to synthetic pesticides.

Increased regulations on food residues and stringent restrictions on use of chemical pesticides have been driving the use of biopesticides worldwide. Growing resistance among insects is making synthetic pesticides less effective, encouraging growers to shift their attention to biological options. Convenient handling properties, ban on certain established chemical pesticides, and relatively lower costs of development are few other factors working in favor of biopesticides. Technological and scientific advances are key to growth in the market. Declining revenues in the conventional synthetic pesticide market has forced several leading players in the agrochemical space to foray into the biopesticides market. The science and technology behind biopesticides is steadily improving, driving the development of new and effective products. Academic and industrial interest in bioinsecticides that are environmentally safe with uses in integrated pest control programs has shifted focus towards discovering and developing new bacterial species. Growing research funding and work is expected to result in the development of new and effective products in the coming years.

As stated by the new market research report on Biopesticides, the United States represents the largest market worldwide supported by the growing number of organic farms, ranches and processing facilities. Europe represents the fastest growing market worldwide, with a CAGR of 15.3% over the analysis period. The growth in the region is led by the recent ban on several toxic pesticides, and the government impetus for sustainable agriculture. Microbial Biopesticides, formulated from naturally-occurring and genetically modified strains of microorganisms such as bacteria, fungi, virus, protozoa, and yeast, represents largest product segment, while growth is expected to be spearheaded by Biorationals. Faster demand growth for Biorationals vis-à-vis microbials is partly attributed to the ability of these biopesticides in controlling a broader spectrum of pests.

Major players covered in the report include AgBiTech Pty Ltd., Andermatt Biocontrol AG, BASF SE, Bayer CropScience AG, Bayer CropScience Biologics GmbH, Certis USA LLC, Dow AgroSciences LLC, Hebei Veyong Bio-Chemical Co., Ltd., Isagro SpA, Lallemand Inc., LAM International Corp., Marrone Bio Innovations, Inc., Syngenta AG, Troy Biosciences, Inc. and Valent BioSciences Corporation.

The research report titled “Biopesticides: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Biopesticides in terms of US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe) Asia-Pacific, Latin America and Rest of World. Product segments analyzed in the report include microbials and biorationals.

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