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The biopesticides market size is forecast to increase by USD 5.66 billion between 2022 and 2027, accelerating at a CAGR of 16.27%. In 2017, the US held the largest market share, projecting an annual revenue of USD 0.80 billion.
The report includes an in-depth analysis of drivers, trends, and challenges. Furthermore, it includes historic market data from 2017 to 2021.
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The increase in pest activities due to global warming is a key factor driving the biopesticides and biofertilizers market growth. Global temperatures are expected to rise significantly by 2100 due to increased greenhouse gases. This warming will impact agriculture, affecting productivity and disease patterns, and ultimately harming crops. Elevated carbon dioxide levels in the environment can make plants more susceptible to insect damage, and global warming can help pests survive winter.
Increased CO2 levels aid pathogens and thermophilic fungi, leading to the spread of pests and diseases. This can reduce pesticide effectiveness and support disease-carrying insects. Agricultural activities, including pesticide use, contributed to 30% of global emissions causing climate change in 2019. Climate change leads to the spread of pests and diseases, shifts in species distribution, increased pest migration risks, and reduced efficacy of crop protection methods. This drives the demand for adaptable biopesticides in a growing market.
The bioherbicide was valued at USD 1.29 billion in 2017 and continued to grow until 2021. With the growing significance of organic horticulture, the need for bioherbicides has increased for sustainable crop cultivation. The growing focus on the cultivation of eco-friendly weed killers is a key driver of the global bioherbicides market. Reduced chemical hazards, ease of residue management, and better quality and nutritional value of crops that are treated with bioherbicides are expected to contribute significantly to the growth of this market segment.
Additionally, other factors like rising demand for better food quality, the adoption of organic farming techniques, and integrated pest management (IPM) techniques are enhancing the growth of the market. Furthermore, new product launches can also influence the growth momentum of the market segment during the forecast period. Therefore, such factors will boost segment growth during the forecast period.
North America is estimated to contribute 30% to the growth of the global market during the forecast period. The North American market is thriving due to streamlined registration processes, increased consumer preference for organic products, and growing awareness of the harmful effects of synthetic pesticides on human health. However, limited farmer awareness and product availability are hindrances to market growth. Additionally, biopesticides have a shorter shelf life, necessitating frequent application, which raises costs.
The United States, with around 2.1 million farms in 2021, drives the demand for biopesticides in crop protection. In 2020, the largest market in North America was the US and Canada. While trade complications have decreased with the North American Free Trade Agreement (NAFTA), a price disparity between the US and Canada remains, causing rising costs for Canadian and Mexican growers. These factors contribute to the growth of the overall market in the forecast period.
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The Market is fragmented in nature. Some significant players include Andermatt Group AG, BASF SE, Bayer AG, Biobest Group NV, Bionema Ltd., Certis USA LLC
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
FMC Corp., Isagro Spa, Koppert, Marrone Bio Innovations Inc., Novozymes AS, Nufarm Ltd., Phyllom BioProducts Corp., SEIPASA SA, STK Bio AG Technologies, Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, UPL Ltd., Valent BioSciences LLC, and Vegalab SA
The Market responds to consumer demand for a healthy lifestyle, addressing concerns about health issues linked to traditional pesticides like respiratory problems and neurological damage. With a growing consumer awareness of the risks associated with pesticide residue in food products, there's a shift towards biopesticides derived from bacteria, minerals, and animals. Biopesticide manufacturers focus on innovative methods like foliar spray application on fruits & vegetables such as apples, grapes, and potatoes. This aligns with the rising demand for organic food, promoting agricultural growth while ensuring ecological and environmental balance. Government initiatives and regulations further support this trend, fostering sustainable agricultural output amid growing concerns over arable land area and population growth. The market also addresses allergies, considering the biochemical aspects of crop exportation to ensure consumer safety and product quality.
The market reports market growth by revenue at global, regional & country levels and provides market research and growth and report of the latest market trends and analysis and growth opportunities from market forecast 2017 - 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.27% |
Market growth 2023-2027 |
USD 5.66 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
13.98 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 30% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Andermatt Group AG, BASF SE, Bayer AG, Biobest Group NV, Bionema Ltd., Certis USA LLC, FMC Corp., Isagro Spa, Koppert, Marrone Bio Innovations Inc., Novozymes AS, Nufarm Ltd., Phyllom BioProducts Corp., SEIPASA SA, STK Bio AG Technologies, Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, UPL Ltd., Valent BioSciences LLC, and Vegalab SA |
Market dynamics |
Parent market growth and forecasting, market analysis and report, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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