Biopesticides Market Expected to Reach 8.82 Billion USD by 2022

The global biopesticides market is estimated to be valued at USD 3.36 Billion in 2016 and projected to reach USD 8.82 Billion by 2022, at a CAGR of 17.4% from 2016. With the increase in demand for organic food, food security for the growing population, control of pests which have gained resistance to chemical pesticides, along with the limited agricultural land available in the world, and rise in crop loss due to pests and diseases, the use of biopesticides is expected to help the market grow.

The report Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bioherbicides, and Bionematicides), Origin (Beneficial Insects, Microbials, Plant-incorporated Protectants, and Biochemicals), Mode of Application, Formulation, & Crop Type – Global Forecast to 2022″, The global biopesticides market is estimated to be valued at USD 3.36 Billion in 2016 and projected to reach USD 8.82 Billion by 2022, at a CAGR of 17.4% from 2016.

Browse 80 market data tables and 55 figures spread through 188 pages and in-depth TOC on “Biopesticides Market – Global Forecast to 2022”

Make an Inquiry:

Early buyers will receive 10% customization on this report.

Increase in crop loss due to insects and diseases, development of pest-resistance to various chemicals, changing farming practices (from traditional to smart farming), have been of importance to the growth of the global biopesticides market. Biopesticides are used for high-quality crop yield for the increasing population and growing organic food demand. Hence, biopesticides will be viewed as a business opportunity in the next six years. As a result, many multinational players have entered into the production of various types of biopesticides, which can be used for diversified crop types.

Speak to Analyst:

Significant growth expected in the bioinsecticides segment

Bioinsecticides are gaining high popularity in the crop protection activities across the world as many of the crop pests, especially insects have gained resistance to the pesticides. Bioinsecticides are more convenient to use, owing to their ease in application. Bioinsecticides are the most widely used biopesticides and hence, the biopesticides segment is projected to be the fastest-growing for the next six years.

The fruits & vegetables segment projected to be the fastest-growing market during the forecast period

The major types of crops on which biopesticides are used are grains & oilseeds, fruits & vegetables, and others, which include turf, plantation, sugar crops, cotton, and ornamental crops.The fruits & vegetables segment is projected to be the fastest-growing market from 2016 to 2022. Growth in demand for fruits & vegetables, owing to the increasing awareness with regard to their nutritional benefits and the rise in need for enhancement of crop productivity is driving the market for biopesticides in the fruits & vegetables segment.

Increase in need for organic food products, high investment in R&D, and change in farming practices key to success in the North American region

North America is one of the largest contributors to the global biopesticides due to the rise in use of biopesticides through advanced agricultural techniques and increase in need for organic food security in the North American countries. U.S. constituted the largest country-level market in the North American region in 2015. High market penetration by the leading biopesticide companies and growth in need for nutrients for enhancing the agricultural growth and productivity, as well as the change in climatic conditions are the main factors influencing the growth of the biopesticides market in North America.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. These companies include BASF SE (Germany), Bayer CropScience AG (Germany), Marrone Bio Innovations Inc. (U.S.), Certis USA LLC (U.S.), Koppert Biological Systems (Netherlands), and The Dow Chemical Company (U.S.), Monsanto Company (U.S.), Isagro SPA (Italy), Camson Bio Technologies Limited (India), Bioworks, Inc. (U.S.), W. Neudorff GmbH Kg (Germany), and Valent Biosciences Corporation (U.S.).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Rohan
Phone: 1-888-600-6441
Address:701 Pike Street, Suite 2175
City: Seattle
State: WA
Country: United States