Global Biopesticides Market size is projected to be valued $4 Billion by 2024; with a CAGR of 8.7% from 2017 to 2025. Biopesticides contain active ingredient, derived from natural materials such as fungi, bacteria, and virus. At present, Bacillus thuringiensis (Bt) is most widely used insecticide which is useful for pest control. They target only the specific and affect only the target pest with regards to a broad spectrum.
Increased knowledge among the end-users and advancements in biotechnology and bio-pesticide technology are the major factors supporting the growth of global biopesticides market. Moreover, encouragement for organic farming from various government organizations rising and R&D for advanced farming innovations also fuel the growth of the market. However, negative perception and low availability along with low shelf-life of biopesticides may hinder the growth of the market. Furthermore, emerging technologies would provide opportunity in upcoming years.
The biopesticides market is segmented based on the product type, active ingredient type, crop type, application and geography. By product type, it is further segmented into bioinsecticides, biofungicide, bionematics and bioherbicide. Active ingredient type can be further segmented into microbial pesticides, plant-based pesticides and biochemical pesticides. Crop type is segmented into permanent crops, arable crops and others. Furthermore, applications are segmented into seed treatment application, on-farm application and post-harvest.
By geography the market is segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, Italy, Spain and others. Asia-Pacific covers China, India, Japan and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Key market players include Isagro SpA, San Jacinto Environmental Supplies, BioWorks, Inc, Troy Biosciences, Inc., Bayer CropScience Ag, GreeNeem, Sibbiopharm Ltd., Syngenta Bioline Ltd. Dow AgroSciences LLC and AgBiTech Pty Ltd, among others.
The report covers
Scope of the Global Biopesticides Market
Product Type Segments
Active Ingredient Type Segments
Crop Type Segments