Global $3 Bn Biopesticides (Bioinsecticides, Biofungicides, and Bionematicides) Market to 2023 - Growth Opportunities in Developing Regions Such as Asia Pacific and South America

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Apr 03, 2019, 16:45 ET

DUBLIN, April 3, 2019 /PRNewswire/ -- The "Biopesticides Market by Type (Bioinsecticides, Biofungicides, and Bionematicides), Source (Microbials, Plant Extracts, and Beneficial Insects), Mode of Application, Formulation, Crop Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The biopesticides market is estimated at USD 3.0 billion in 2018 and is projected to grow at a CAGR of 15.99%, to reach USD 6.4 billion by 2023.

The growth of the biopesticides market is driven by the advancements in integrated pest management solutions and increasing adoption of organic farming among farmers. The key drivers for market growth are the advancements in integrated pest management solutions. The continuous and extensive use of modern crop protection products to eliminate or reduce pest infestation has led to the development of resistance among pests to conventional crop protection products. This resistance can be classified into metabolic resistance, target-site resistance, penetration resistance, and behavioral resistance.

The bioinsecticides segment, by type, is estimated to account for the largest share in 2018.

Biopesticides are predominantly used in the form of bioinsecticides. Bioinsecticides include biocontrol agents - microbial and plant-based products, such as neem. Viruses, bacteria, fungi, protozoa, and mites are employed to control a variety of insects that affect both plants and animals. Although insects are attacked and affected by a large number of microorganisms, only a limited number of them have found commercial application.

The fruits & vegetables segment held the dominant market share in the biopesticides market, based on crop application.

Based on crop application, the fruits & vegetables segment is projected to hold the largest market share during the forecast period. Fruits & vegetables have emerged as a key application area for bionematicides and have become essential in their use in high-value fruits & vegetables to enhance their export quality and reduce chemical residue levels. Grapes, citrus fruits, and bananas are the main fruit crops; while tomatoes, potatoes, bell peppers, hot peppers, cucumbers, sweet potatoes, and eggplants are the main vegetable crops wherein bionematicides are used.

High growth is projected in the Europe biopesticides market.

The European market is projected to be the fastest-growing market for the period considered for this study, due to strong potential for growth, given the large-scale production and increase scrutiny and bans on chemical pesticides in the region. In addition, biopesticides consumption ranked second in the region which is driven by the strong demand for organic food products among consumers in the European region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Opportunities in the Biopesticides Market
4.2 Biopesticides Market, By Type, 2017
4.3 North America: Biopesticides Market, By Source and Country, 2017
4.4 Biopesticides Market, By Crop Type and Region, 2017
4.5 Biopesticides Market, By Key Country

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Need for Sustainable Agriculture to Support the Growing Population
5.2.2 Foreign Direct Investments
5.2.3 Significant Growth in Organic Food Demand
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Advancements in Integrated Pest Management Solutions
5.3.1.2 Crop Losses Due to Pest Attacks
5.3.1.3 Lower Raw Material Costs and Efficient Regulatory Approvals
5.3.2 Restraints
5.3.2.1 Short Shelf Life of Biopesticides
5.3.3 Opportunities
5.3.3.1 Rapid Growth in Bio-Control Seed Treatment Solutions
5.3.3.2 Providing Customized Solutions Targeted Toward Specific Pests
5.3.3.3 Growth Opportunities in Developing Regions Such as Asia Pacific and South America
5.3.4 Challenges
5.3.4.1 Technological and Environmental Constraints
5.3.4.2 Lack of Infrastructure
5.3.4.3 Counterfeit Products in Developing Countries
5.3.4.4 Lack of Awareness and Low Utilization of Biopesticides
5.4 Patent Analysis
5.5 Regulatory Framework
5.5.1 US
5.5.1.1 Main Statutes and Legal Requirements
5.5.1.1.1 The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA)
5.5.1.1.2 The Federal Food, Drug, and Cosmetic Act (FFDCA)And the Food Quality Protection Act (FQPA)
5.5.1.1.3 Pesticide Registration Improvement Extension Act (Pria 3), 2012
5.5.1.1.4 Biopesticide Registration
5.5.2 Europe
5.5.2.1 Regulation (Ec) No 1107/2009 of the European Parliament and of the Council of 21 October 2009
5.5.2.1.1 Scope
5.5.2.1.2 Active Substances: Requirements and Conditions for Approval
5.5.3 Asia Pacific
5.5.3.1 India
5.5.3.2 China
5.5.4 Brazil

6 Biopesticides Market, By Type
6.1 Introduction
6.2 Bioinsecticides
6.2.1 Bacillus Thuringiensis
6.2.1.1 Increase in the Demand for Biopesticides for High-Value Commercial Crops has Led to the Demand for Bacillus Thuringiensis
6.2.2 Beauveria Bassiana
6.2.2.1 High Availability of Beauveria Bassiana Naturally in the Soil is One of the Major Advantages for Its Simpler Isolation Process for Production and Also Holds High Demand as A Bioinsecticide
6.2.3 Verticillium Lecanii
6.2.3.1 Product Launches Based on Verticillium Lecanii From Many Key Players has Increased in the Recent Years
6.2.4 Metarhizium Anisopliae
6.2.4.1 Effect of Metarhizium Anisopliae on A Broad Spectrum of Insects has Been A Major Interest for Manufacturers
6.2.5 Others
6.3 Biofungicides
6.3.1 Trichoderma Harzianum
6.3.1.1 High Adaptability of Trichoderma Harzianum, to All Types of Soils, Led to Increased Demand as A Biofungicide
6.3.2 Trichoderma Viride
6.3.2.1 in Addition to Improving Root and Shoot Growth, Trichoderma Viride Also Provides Protection Against Pests
6.3.3 Others
6.4 Bionematicides
6.4.1 Paecilomyces Lilacinus
6.4.1.1 Increased Need for Biological Nematicide Control has Increased the Demand for Paecilomyces Lilacinus-Based Agents
6.4.2 Bacillus Firmus
6.4.2.1 Use of Bacillus Firmus as an Effective Bionematicide for Different Crop Types has Improved Its Demand
6.4.3 Others
6.5 Others

7 Biopesticides Market, By Source
7.1 Introduction
7.2 Microbials
7.2.1 Target-Specific Action on Crop Damaging Pests has Been A Major Attribute for Microbial Application
7.3 Plant Extracts
7.3.1 Combined Benefits of Plant Health and Protection has Been Significant Factor for the Strong Interests Among Manufacturers to Develop these Products
7.4 Beneficial Insects
7.4.1 Beneficial Insects are Gaining Interest in Europe for Its Effective Resistance Management

8 Biopesticides Market, By Mode of Application
8.1 Introduction
8.2 Foliar Spray
8.2.1 Foliar Spray has Been the Preferred Application for Fruits & Vegetables Crops
8.3 Soil Treatment
8.3.1 Application of Biofungicides has Gained Interest Through Soil Treatment Methods
8.4 Seed Treatment
8.4.1 Even Though Seed Treatments are Expensive, It Holds Strong Growth in Developed Markets
8.5 Post-Harvest
8.5.1 Growth Witnessed for Post-Harvest Application of Biofungicides for Fruits & Vegetables Crops

9 Biopesticides Market, By Formulation
9.1 Introduction
9.2 Liquid Formulation
9.2.1 Suspension Concentrates
9.2.1.1 Ease of Use and Effectiveness of Suspension Concentrates as Compared to Other Types of Liquid Formulations
9.2.2 Soluble Liquid Concentrates
9.2.2.1 Various Key Players Have Introduced Biopesticides in Soluble Liquid Concentrate (SC) Forms
9.2.3 Emulsifiable Concentrates
9.2.3.1 Emulsifiable Concentrates Allows Uniform and Accurate Application of Active Ingredients on the Crop
9.3 Dry Formulation
9.3.1 Dry Granules
9.3.1.1 Dry Granules, Used for Slurry Preparations, Would Release Lesser Dust as Compared to Other Dust Formulations
9.3.2 Water-Dispersible Granules
9.3.2.1 Water-Dispersible Granule (WDG) Formulations are of Much Importance for Seed Treatment Applications
9.3.3 Wettable Powders
9.3.3.1 Wettable Powders Holds Significant Demand for Its Good Shelf Life and Low Cost But Can Also Cause Occupational Hazard for the Farmers

10 Biopesticides Market, By Crop Application
10.1 Introduction
10.2 Cereals & Grains
10.2.1 Corn
10.2.1.1 Growing Corn Demand for Industrial Applications has Allowed Producers to Adopt Both Conventional and Biological Pesticides to Gain Better Market Price and Reduce Pesticide Resistance
10.2.2 Wheat
10.2.2.1 Increased Demand for Organic Wheat in Europe Led to the Adoption of Biopesticides for Wheat
10.2.3 Other Cereals & Grains
10.3 Oilseeds & Pulses
10.3.1 Soybean
10.3.1.1 Significant Growth in the Application of Bionematicides for Soybean Crops
10.3.2 Sunflower
10.3.2.1 Organic Farm Industry has Been A Factor for the Adoption of Biopesticides for Sunflower Crops in Eastern Europe
10.3.3 Other Oilseeds & Pulses
10.4 Fruits & Vegetables
10.4.1 Root & Tuber Vegetables
10.4.1.1 Trichoderma Spp. is One of the Most Commonly Used Biopesticides for Root & Tuber Vegetables
10.4.2 Leafy Vegetables
10.4.2.1 Biopesticides Have Been Significant for the Protection of Leafy Vegetables Against Soilborne Pathogens Such as Pythium Spp. and Rhizoctonia Spp
10.4.3 Pome Fruits
10.4.3.1 Trichoderma Harzianum is One of the Most Commonly Used Biopesticides on Pome Fruits
10.4.4 Berries
10.4.4.1 Adoption of Ipm and Organic Practices for the Export of Berries, Especially in the European Region, Increased the Demand for Biopesticides
10.4.5 Citrus Fruits
10.4.5.1 Biopesticides Application Through Foliar Spray has Been Acquiring Significant Traction Among Citrus Fruit Growers in Tropical Regions
10.4.6 Other Fruits & Vegetables
10.5 Other Crop Types

11 Biopesticides Market, By Region

12 Competitive Landscape
12.1 Overview
12.2 Competitive Leadership Mapping
12.3 Competitive Leadership Mapping (Start-Up/SMSE)
12.4 Company Share Analysis
12.5 Competitive Scenario

13 Company Profiles
13.1 Bayer Cropscience
13.2 BASF
13.3 Syngenta AG
13.4 UPL Ltd.
13.5 FMC Corporation
13.6 Isagro
13.7 Valent Biosciences
13.8 Certis
13.9 Koppert B.V.
13.10 Bioworks
13.11 Stockton Group
13.12 Marrone Bio Innovations

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