Market Research Report
Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides, and Bioherbicides), Source (Microbials, Biochemicals, and Beneficial Insects), Mode of Application, Formulation, Crop Application, and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||942707|
|Published||Content info||250 Pages
Delivery time: 1-2 business days
|Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides, and Bioherbicides), Source (Microbials, Biochemicals, and Beneficial Insects), Mode of Application, Formulation, Crop Application, and Region - Global Forecast to 2025|
|Published: June 12, 2020||Content info: 250 Pages||
"The bioinsecticides market dominated the global biopesticides market during the forecast period."
The global biopesticides market size is projected to grow at a CAGR of 14.7% from an estimated value of USD 4.3billion in 2020 to reach USD 8.5billion by 2025.The market has been gaining wide importance among farmers to produce residue-free food products with the usage of microbial-based bioinsecticides.
Biological solutions have proved to be an effective alternative to conventional chemicals and even work optimally when applied in combination. Increasing biotic and abiotic stress has resulted in the emergence of invasive pests,which has resulted in reduced crop yields. Most of the bioinsecticides have been commercialized and produced at a large scale, such as Bacillus thuringiensis, which has proved to be effective against controlling insect pests.
The growth inorganic farming and increasing acceptance of organic crops has led to the implementation of Integrated Pest Management (IPM) solutions. Poor knowledge of the application of biologicals, storage issues, and other technological constraints are expected to restrain the growth of the market.
Liquid formulations are estimated to account for the faster-growing market share in the forecast period. The ease of application and transportation are the key drivers for the growth of the liquid formulations segment. With advancements in technology, precision irrigation technologies such as drip irrigation and sprinkler irrigation, the liquid formulation is gaining huge market share.
The increase in the infestation of pests, pest resistance and resurgence, and the ban on key active ingredients are driving the growth of the biopesticides market. With the increased demand for organic food crops and the harmful effects of chemical-based farming, farmers have started to adopt biopesticides.
The government also imposed stringent regulations on the use of chemical pesticides to conserve beneficial insects and reduce the toxic levels across the food chain. Farmers in these regions are adopting the usage of microbials, along with beneficial insects, to control invasive pests in protected cultivation. These are some of the drivers leading to an increase in the market for biopesticides.
The biopesticides market is segmented market-wise, with a detailed analysis of each market by studying the individual competitive landscapes.
Breakdown of the profile of primary participants is as follows:
Others include sales managers, marketing managers, and product managers.
Leading players profiled in this report:
This report segments the biopesticides market on the basis of key trends. In terms of insights, this research report focuses on various levels of analyses-competitive landscape, end-use analysis, and company profiles-which together comprise and discuss the basic views on the emerging & high-growth segments of the biopesticides industry, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.