Government Agencies are Encouraging Development and Use of Biopesticides

Environmental Protection Agency (EPA), an independent executive agency of the United States federal government established the Biopesticides and Pollution Prevention Division in the Office of Pesticide Programs in order to promote the registration of biopesticides. The division encourages the use and development of biopesticides and other safer pesticides, as components of IPM programs. The respective division also coordinates Pesticide Environmental Stewardship Program (PESP).

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Data Bridge Market Research analyses that the Biopesticides Market is expected to grow at a CAGR of 15.2% in the forecast period of 2021 to 2028 and is expected to reach USD 14,640.54 million by 2028. The rise in the inclination towards safer pesticides among farmers due to concerns associated with environment safety and human health is escalating the growth of biopesticides market.

Increasing demand for sustainable agriculture among end users is expected to drive the market's growth rate

The rise in demand for sustainable agriculture among both farmers and consumers due to the growing concerns associated with the ill effects of chemical pesticides and synthetic chemical pesticides on the environment drives the market. The use of chemical pesticides has proven to be harmful for the environment as they cause contamination in the soil further affecting the food chain. The rise in the consumption of organic food products among the population due to their health benefits is one of the major factors driving the growth of the biopesticides market.

Report Scope and Market Segmentation

Segment Analysis:

The biopesticides market is segmented on the basis of type, source, form, application, category and crops.

• On the basis of product type, the biopesticides market is classified into bioinsecticides, biofungisides, bionematicides, bioherbicides and others. In 2021, bioinsecticides are expected to dominate the biopesticides market with 50.05% market share due to the increase in demand for natural and environmentally friendly pesticides and a wide range of pathogenic action.
• On the basis of source, the biopesticides market is segmented into microbials, biochemical and insects. In 2021, microbials segment is expected to dominate the biopesticides market with 64.19% market share due to the rise in demand for biologically based pesticides along with rise in concerns regarding environment and human health.
• On the basis of form, the biopesticides market is segmented into dry and liquid. In 2021, the liquid segment is expected to dominate the biopesticides market with 64.19% market share due to its benefits such as protecting crops from a wide range of plant pathogens.

In 2021, the foliar application segment is expected to account for the largest share of application segment in the biopesticides market

The foliar application segment holds maximum market share in 2021 owing to its high preference as it avoids potential tie up of nutrients. The foliar segment is growing with a CAGR of 15.6% in the forecast period of 2021 to 2028.

• On the basis of category, the biopesticides market is segmented into agriculture and horticulture. In 2021, the agriculture segment is expected to dominate the biopesticides market with 75.55% market share owing to the inclination towards organic farming by avoiding synthetic chemical usage.
• On the basis of crops, the biopesticides market is segmented into fruits & vegetables, cereals & grains, oilseeds & pulses, turf & ornamentals and other crops. In 2021, fruits & vegetables segment is expected to dominate the biopesticides market with 75.55% market share owing to the increased demand of these products among health-conscious consumers.

Major Players

Data Bridge Market Research recognizes the following companies as the major biopesticides market players in biopesticides market Syngenta Crop Protection AG (Switzerland), Bionema (UK), Vegalab SA (Switzerland), STK bio-ag technologies (Mexico), Andermatt Biocontrol AG (Switzerland), Koppert Biological Systems (Netherlands), Corteva (US), Bayer AG (Germany), Biobest Group NV (Belgium), Certis USA L.L.C. (US), Valent BioSciences LLC (US), Novozymes (Denmark), BASF SE (Germany), IPL Biologicals Limited (India), Terramera Inc. (Canada), Khandelwal Bio Fertilizer (India), Isagro (Italy), Gowan Company (US), and Parry America, Inc. (US), among others.

Market Development

• In March’2021, Botanical Solution Inc. and Syngenta signed a partnership agreement to launch a bio fungicide product in Mexico and Peru named BotriStop, which helps in controlling Botrytis cinerea. The commercialization of the product has been a success in Chile. This bio fungicide product has been proven to be efficient and consistent in the control of Botrytis cinerea, especially for conventional growers of vines, vegetables and blueberries.
• In November’2020, BioWest Ag Solutions launched a liquid, preemergent bioherbicide product, "Battalion Pro." This product is an active ingredient Pseudomonas fluorescens strain ACK55 that could be used as natural alternative for the selective suppression of the invasive annual grass weeds. Battalion Pro was registered under U.S. Environmental Protection Agency (EPA) in September’2020. It could be effective in the prevention of future wildfires in the western U.S.
• In March’2020, Bayer AG unveiled its first biofungicide, Serenade, in China. This biofungicide creates a protective barrier around the root of plants through the process of symbiosis in the root periphery. This product offers increased absorption of effective nutrients from the soil while allowing the root system to grow more vigorously. The use of Serenade is said to improve the "immunity" of plants, which further declines the incidence of plant diseases.
• In April’2020, Syngenta and Novozymes A/S collaborated to commercialize a biofungicide named TAEGRO to address critical grower needs in vegetable and specialty crops. The two companies originally partnered in 2012 to develop and market the product. They received first wave of product approvals in Europe region.

Regional Analysis

Geographically, the countries covered in the biopesticides market report are U.S., Canada, Mexico in North America, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Luxemburg, Italy and rest of Europe in Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines and rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina and rest of South America in South America, South Africa, Saudi Arabia, Egypt, UAE, Israel and rest of Middle East and Africa (MEA) in Middle East and Africa (MEA).

As per Data Bridge Market Research analysis:

North America is the dominant region in advanced wound care market during the forecast period

North America dominated the biopesticides market owing to the high awareness regarding the harmful impact of synthetic and chemical pesticides on environment and human health. North America will continue to dominate the biopesticides market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increase in shift towards organic and natural substance in farm cultivation.

Asia-Pacific is estimated to be the fastest-growing region in biopesticides market

Asia-Pacific is expected to grow during the forecast period of 2021 to 2028 due to the rise in the awareness regarding the benefits of biopesticides product, such as long persisting effect, absence of resistance and eco-friendly nature. In addition to this, increase in number of launches by the major manufacturers is also expected propel the market's growth rate in this region.

COVID-19 Impact Analysis

COVID-19 had a negative impact on various industries including biopesticides market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The biopesticides market is adversely affected by due to the low availability of raw materials. The crisis caused disruption in the supply of key active ingredients that are utilized in the production of biopesticides China and other major manufacturing companies in North America and Europe. The scarcity of chemical products in the market encouraged farmers to incline towards alternative solutions for controlling pests.

On the brighter side, the biopesticides market is expected to witness growth in demand after the post-covid-19 situation owing to the ease of restrictions and measures. The growing emphasis on the development of multi-resistant strains due to the excessive spraying activity in several countries will assist the market in regaining its pace. The excessive spraying activity has led to the development of multi-resistant strains in several countries.

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