Biopesticides Market Size, Share 2021| Major Company Analysis by Manufacturing Base & Product Type | Global Industry Trends, Impact of COVID-19 on Growth Insights and Future Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Biopesticides Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Biopesticides Market products.

According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.

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Global Biopesticides Market is forecasted to reach $4 billion by 2024; growing at a CAGR of 8.8% between 2016 and 2024. Biopesticides are naturally occurring substances that control pests by non-toxic mechanisms. It is derived from natural materials such as bacteria, fungi and virus or substance produced by plants which contains genetic material or Plant-Incorporated Protectants (PIPs). Biopesticides are usually less toxic as compared to conventional pesticides and include substances that interfere with growth or mating, such as plant growth regulators. 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.

The global biopesticides market is majorly driven by increased knowledge among the end-users and advancements in biotechnology and bio-pesticide technology. Moreover, encouragement for organic farming from various government organizations rise in research and development, for advanced farming innovations has also supplemented 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 several growth opportunities for the market in the coming years.

The biopesticides market is segmented on the basis of product type, active ingredient type, crop type, application and geography. By product type, it is further segmented into bioinsecticides, bionematics, biofungicide, and bioherbicide. Active ingredient type segment is further categorized into microbial pesticides, plant-based pesticides and biochemical pesticides. By crop type, the market is sub-segmented into permanent crops, arable crops and others. Furthermore, the application segment is bifurcated into post-harvest, seed treatment application, and on-farm application.

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.

The major players in the global biopesticides market include San Jacinto Environmental, Isagro SpA, BioWorks, Inc., Troy Biosciences, Inc., Supplies, Bayer CropScience Ag, Syngenta Bioline Ltd. Dow AgroSciences LLC, AgBiTech Pty Ltd, GreeNeem, and Sibbiopharm Ltd., among others.

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The key takeaways from the report:
The report will provide detailed analysis of Biopesticides Market with respect to major segments such as product type, active ingredient type, crop type and application of the market. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities is included in the report. An exhaustive regional analysis of Biopesticides Market will be provided in the report.

Profile of the key players in the Biopesticides Market will be provided, which include key financials, product & services, new developments and business strategies.

Scope of Biopesticides Market
Product Type Segments
Active Ingredient Type Segments
Biochemical Pesticides
Microbial Pesticides
Plant-Based Pesticides
Crop Type Segments
Arable Crops
Permanent Crops
Application Segments
On-Farm Application
Seed Treatment Application

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Geographical Segments
North America
United Kingdom
South Korea
South America
Middle East

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