Dec 16th, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Biopesticides Market.

Biopesticides Market is likely to witness a CAGR of 8.5% during the forecast period. Surge in demand for natural-based manure among farmers along with increasing industry competitiveness is driving the growth of the market. Furthermore, rapid expansion of the organic food & beverage industry accompanied by growing consumer awareness regarding food safety & hygiene is fueling the biopesticides market growth.  

Biopesticides is a term that defines compounds that are used to manage agricultural pests by means of specific biological effects rather than as broader chemical pesticides. It refers to products that contain biocontrol agents – i.e., natural organisms or substances that are derived from natural materials (such as animals, plants, bacteria, or certain minerals), including their genes or metabolites, for controlling pests.

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Segment Analysis:

Biopesticides Market Share: By Product Type

Based on the product type, the market is segmented as bioherbicides, bioinsecticides, biofungicides, and others. Biofungicides are expected to witness significant growth during the forecast period. The growth of the segment is driven by technological advancements, which have led to the development of highly effective biofungicides to reduce the damage caused by disease-causing bacteria among others. Furthermore, product development with capability to weather high temperatures will escalate the market share of biopesticides over the forecast period.

Biopesticides Market Share: By Application Type

Based on the application type, the market is segmented as seed treatment, foliar spray, and soil spray. Foliar spray application dominated the overall industry accounting for more than 80% share in 2020. The segment is estimated to maintain its incontestable lead during the forecast period as well. Biopesticides application employing foliar spray ascertains efficient pest control and increases plant productivity. Furthermore, growing usage of foliar spray in crop protection owing to availability of spray ingredients and ease in application will fuel the biopesticides market growth over the forecast period.

Biopesticides Market Share: By Region

In terms of regions, North America dominated the market for biopesticides in 2020, and is expected to maintain its vanguard during the forecast period as well. The growth of the region is supported by large organic industry along with favorable regulatory support, driving the organic farming practices in North America. Organic fruits & vegetables which amounted for the largest share in 2020, are estimated to continue their dominance over the next five years as well. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

COVID-19 Impact on Global Biopesticides Market

Covid-19 outbreak impacted the growth of the bearing for steel market negatively. The spread of coronavirus led to enforcement of lockdown to curb the spread of virus. This led to travel restrictions and supply chain disruptions, which in turn affected the product availability on time.

Key Players:

Key players operating in the Biopesticides market are-

  • Arysta Lifescience
  • Bayer
  • Bioworks
  • Futureco Bioscience
  • Bio Huma Netics Inc.
  • Koppert B.V.
  • Stoller
  • Syngenta
  • BASF SE
  • Parry America, Inc.
  • International Panaacea Ltd
  • Valent BioScience.

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Features of the Report:

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Biopesticides Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors.

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