Agricoltura
Biopesticides Market worth $11.3 billion by 2027 - Exclusive Report by MarketsandMarkets™
The organic industry is growing fast. According to a survey undertaken by FiBL in 2020 on organic agriculture worldwide, there was an increase in organic farmland by 3 million hectares (4.1%), the number of organic producers, and an increase in the sales of organic products. The rising popularity of organic products due to their perceived health benefits, environmental regulations, pest resistance management, and residue management are fueling the growth of the biopesticides market in the North American market. As a result US-based Marrone Bio Innovations spends a major share in its R&D and offers a wide range of biopesticides products including bioinsecticides, biofungicides, bionematicides, and bioherbicides.
Bioherbicides are relatively less commercialized than other types of biopesticides available in the market. This is due to various challenges faced in its development. Due to rising demand for bioherbicides as a result of conventional herbicides, various key players in the market are doing extensive research to develop and commercialize bioherbicides. Marrone Bio Innovations (US) is also making news on its recent acquisition of exclusive rights to high-performing strains of Streptomyces acidiscabies for commercialization of a new second-generation bioherbicide, MBI-006. With the rising demand for effective biosolutions to control weed and invasive species, the demand for bioherbicides is expected to rise in the coming future.
Fruits and vegetables are high-value specialty crops grown on a large scale in greenhouses and open fields. Consumers have turned more health conscious in recent years which has created a shift to specialty crop production due to high demand for healthy and organic foods like fruits and vegetables. High value crops give larger profits to cultivators. Hence, agricultural input is also high. They are also the most exported crop types in the organic sector. Thus, to comply with import regulations especially in the North American and European countries, the fruits and vegetables segment consumes a large share of biopesticides and the demand is projected to grow at the fastest rate during the forecast period.
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In 2022, Europe is estimated to have a market share of 30.3% in the global biopesticides market. The European biopesticides market is driven by stringent government policies like Farm to Fork strategy and proposals like 50% reduction in chemical pesticides by 2030 which ensure environment sustainability and food safety. Consumers in the European market are also well aware and thus the demand for organic food items is high. Europe is also a technologically advanced region which gives it an edge over other regions on the application of biopesticides. Thus, the region is projected to be the fastest growing market during the forecast period and is projected to reach USD 3,520.3 million during the forecast period.
The key players in this market include BASF SE( Germany ), Bayer AG ( Germany ), and Syngenta AG ( Switzerland ).
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by Function, Product Type (Microbials, Macrobials, Semiochemicals, Natural products), Mode of Application (Foliar Spray, Soil and Seed treatment), Crop Type and Region - Global Forecast to 2027
by Type (Microbial species, Botanical), Mode of Application (Soil treatment, Foliar application, Seed treatment), Species (Bacillus, Trichoderma, Streptomyces, Pseudomonas), Crop Type, Formulation, and Region – Global Forecast to 2025
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