Biopesticides are derived from the nature such as animals, botanical plants, microbes, and certain minerals. Biopesticides are generally used to control the pest organisms who attacks and affects the crop yields. Often used in small quantities for the effectiveness of results, it is inherently less toxic when compared to the conventional pesticide. Additionally, biopesticides aid in high crop yields when it is used as a component of IPM (Integrated Pest Management) programs.
Growing need for organic food from the increasing population strongly propels the market growth for biopesticides. The rising concern for ecological imbalance caused by harmful chemicals is another prime factor augmenting the demand of this market. Moving forward, the rise in demand for innovative farming techniques along with the high prevalence of crop diseases caused by synthetic pesticides are estimated to create new necessities and augment the market of growth over the forecast period of 2018-2025.
The biopesticides market has been segmented based on product type into biofungicides, bioinsecticides, bionematicides, rodenticides, and others. Bionematicides is estimated to witness significant growth owing to its prominent usage for crop protection. Based on ingredients, the market has been analyzed as biochemicals, beneficial insects, and microbes. Based on form, the market comprises of liquid-based, powder-based-, and other forms of biopesticides, out of which liquid-based products are expected to be the major market holders. Moving forward, based on crop, the market is bifurcated as cereals, pulses, fruits & vegetables, and other crops. Cereals and vegetables account for the largest crop segment owing to huge requirements of crop protection from harmful insects. Based on application, the market is segmented as the foliar spray, seed treatment, post-harvest, and others. A foliar spray is estimated to have potential growth during the projection period owing to its beneficial features. Foliar spray ensures reduction of leaching problems in the soil for crop plants to have a healthy growth.
The global medical fiber optics market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East, and Africa region. In addition to this, U.S. holds the largest market share in the North American region. Europe is estimated to be another huge contributor to the growth of biopesticides market owing to stringent regulations for chemical usage on crops. France and Italy are among the key market holders for biopesticides in the European region. Asia-Pacific is estimated to dominate the market growth during the projection period, with China & India holding the major market shares in this region. The reason may be attributed to the huge population base which fuels the demand for food crops. Another factor is the growing awareness regarding environmental issues which in turn creates new opportunities for the biopesticide market. These reasons are expected to positively influence the market growth during the forecasted period.
There are certain challenges which might hamper the global market growth over the projection period. These factors include the shelf life variability, regulatory issues, and lack of awareness among the consumers. However, with the rise in preference for bio-based and organic food products more opportunities are estimated to increase the market growth for biopesticides.
Some of the major key players in the global biopesticides market include BASF SE, BioWorks, Inc., Koppert BV, The Dow Chemical Company, Valent Biosciences Corporation among few others.
Global Biopesticides Market: By Product Type
Global Biopesticides Market: ByIngredients
Global BiopesticidesMarket: By Form
Global Biopesticides Market: ByCrop
Global Biopesticides Market: By Application
Global Biopesticides Market: By Geography