Key players in the global biopesticides market
include Certis USA L.L.C., Syngenta, FMC Corporation, Nufarm
Agricultural Products, AGRICHEM, S.A., BioWorks, Inc., AgriLife, and
Monsanta. Established players are likely to advance their claim in
the global biopesticides market in the coming years due to the
prevalence of firmly established sales and promotion channels in
various regions. However, new players could enter the biopesticides
market on the local scale in a number of regions. The competitive
landscape of the global biopesticides market is thus likely to be
fragmented in the coming years, with many established players looking
to acquire smaller entities in regional markets.
According to Transparency Market Research, the
global biopesticides market is expected to rise to a value of US$9.5
bn by 2025. The market was valued at US$3.3 bn in 2017 and is
expected to exhibit a robust 13.9% CAGR therein.
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Geographically, North America is likely to remain
the leading revenue generator in the global biopesticides market in
the coming years. Nevertheless, Asia Pacific and Europe are expected
to be more important to the global biopesticides market due to the
greater growth potential of the market in these regions. Europe is
likely to exhibit a strong 14.7% CAGR in the 2017-2025 forecast
period to rise from US$540.4 mn to US$1,613.8 mn by 2025. Asia
Pacific is expected to rise to US$2,933.9 mn by 2025, exhibiting a
14.2% CAGR from 2017 to 2025. The North America market for
biopesticides is expected to rise to US$3,667.5 mn by 2025.
Growing Awareness about Environmental Viability
of Agriculture Drives Demand for Biopesticides
The rising use of biopesticides is part of a
larger movement towards making advanced agricultural practices
harmonious with the environmental conditions. This has become a
popular move in several developed economies, with a subsequent rise
in government support leading to growing adoption of the
biopesticides market. The fertile agricultural research and
development scenario in developed Western economies such as the U.S.
and the U.K. has also helped growth of the biopesticides market
thanks to the easy availability of advanced research and product
development tools.
The presence of traditional biopesticide systems
in several Southeast Asian countries such as China and India has
helped the growth prospects of the Asia Pacific market for
biopesticides. Many local players have found a growing market, which
has raised the amount of activity from more prosperous Western market
players. This is likely to drive the biopesticides market in
countries such as China, India, and Australia in the coming years.
Rising government initiative towards the use of ecofriendly
agricultural products in key countries such as China, India, and
Australia has made the market all the more attractive for existing as
well as new players.
Improving Fruit Production Offers Excellent
Growth Opportunities
Rising fruit production in North America and
Europe is likely to be a major driver for the biopesticides market in
the coming years. Biopesticides are highly effective against
microbial infections that plague fruit crops, leading to their
growing acceptance in the agriculture sector across the world. The
growing awareness regarding the benefit of biopesticides in
comparison to conventional chemical pesticides in fruit farming is
likely to lead to rising government support in the coming years,
which will aid the growth of the biopesticides market. The growing
demand for exotic fruits and the rampant globalization of the food
and beverage industry is thus likely to be a key driver for the
global biopesticides market, as it will enable a steady growth in
demand from the market.
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The information in this preview comes from a
Transparency Market Research report titled ‘Biopesticides Market
(Product - Bioinsecticides, Biofungicides, Bioherbcides,
Bionematicides; Application - Cereals and Grains, Oilseeds and
Pulses, Fruits and Vegetables) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast, 2017 - 2025.’
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