Biopesticides Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global biopesticides market size is expected to witness potential gains in the future, and register a significant CAGR of 15.92% over the forecast period (2019 - 2027). The market was valued at US$ 2.9 billion in 2018, and is expected to reach US$ 6.5 billion by 2027.

Market Overview

Biopesticides are derived from natural materials such as plants, bacteria, fungi, and virus. There are three major types of biopesticides: biochemical pesticides, microbial pesticides, and plant-incorporated-protectants (PIPs). Biopesticides are used in organic farming, eco-friendly pest management, controlling pant diseases, seed treatment, and soil amendments. Mass production of biopesticides can be achieved by developing carrier based formulation by the use of native strains of Trichoderma and biofertilizers. Bacillus thuringiensis can also be used to produce biopesticides. Materials of plant origin can also be used in biopesticide production such as legumes, cereals, plant extracts, tubers, yeast powder, and fodder yeast. Various naturally occurring materials can also be used as biopesticides such as Insect pheromones and other semiochemicals.

Market Dynamics

Considerable pressure on farmers to reduce or eliminate the use of pesticides in crop production systems, owing to the effects of pesticide residues on human health and on the environment is a major factor boosting growth of the market.  Moreover, several government organizations are focused on development of ‘safer pesticides’ such as the Environmental Protection Agency (EPA). The current EPA policy is to facilitate the testing and registration of pesticides which have ‘reduced risks’. Such initiatives may have significant Impact on market size over the forecast period.

However, biopesticides have high specificity, which means that certain biopesticides may only be effective on certain pests. This in turn may require use of multiple products, which may not be commercially viable. Moreover, biopesticides are often slow in action against pest, which may not be appropriate in case of a pest outbreak on a crop. The possibility of a target pest/disease developing resistance or tolerance is low can also adversely affect the market size. However, adoption of an anti-resistance strategy may help in mitigating the issue.

Development of more active strains can increase the performance and acceptance of commercial products and broadened their use against other insect pests. Biological control is the most vital substitute to chemical pesticides to protect crops from pests, pathogens, and weeds. Therefore, key players in the market should focus on adoption of new genetic-engineering technology that promotes biological control in order to enhance their market share. Genetic engineering can be used for biological pest control by enhancing the properties of the biological control agents or by engineering crop plants to be resistant to pests.

Market Outlook

North America is expected to be the largest market followed by Europe in the global biopesticides market. This is due to stringent regulations against the use of chemical pesticides that eventually promote the use of biopesticides in the region. 

Key Players

Some of the major players operating in the global biopesticides market include, Valent BioSciences Corporation, Certis (US), Marrone Bio Innovations, Bioworks, FMC Corporation, Stockton Group, UPL, Bayer CropScience, BASF, Syngenta, Isagro, and Koppert.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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The primary research is conducted with the ecosystem players including, but not limited to:

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