According to the latest report by IMARC Group, titled "Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global biopesticides market size reached a value of US$ 3.96 Billion in 2020. Biopesticides are biochemical pesticides derived from naturally occurring substances, such as bacteria, plants, animals, and microbes. They are used to control various pests and disease-carrying organisms, including mice, ticks, and rats. There are majorly three forms of biopesticides, namely bioherbicides, bioinsecticides, and biofungicides. These pesticides manipulate the growth of pests, insects, and weeds in crops by getting directly sprayed in the soil through a foliar spray. As compared to conventional pesticides, they are inherently less toxic as they are decomposable in nature, offer long-term pest control, and are highly effective even when applied in small quantities.Get a sample copy of this Report: www.imarcgroup.com/biopesticides-market/requestsample
Global Biopesticides Market Trends:
The widespread adoption of organic farming practices, in confluence with significant growth in the agriculture industry, represents one of the key factors driving the global biopesticides market growth. In line with this, increasing concerns regarding soil health and agriculture sustainability are acting as another major growth-inducing factor. There is rising awareness regarding the detrimental effects of chemical pesticide application on the soil and the produced crops, which, in turn, is catalyzing the utilization of biopesticides across the globe. This, along with shifting consumer preference toward organic food products, is creating a positive outlook for the market. Other factors, such as the implementation of stringent policies to promote sustainable farming and innovations in the field of agricultural sciences, are driving the market toward growth further. Looking forward, the market value is expected to exceed US$ 8.65 Billion by 2026, registering a CAGR of 14% during 2021-2026.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
BASF
Bayer Cropscience
Certis USA LLC
FMC Corporation
Isagro
Koppert B.V.
Marrone Bio Innovations
Novozymes Biologicals
Stockton (Israel) Ltd.
Syngenta
The Dow Chemical Company
Valent BioSciences Corporation
Market Segmentation:
Our report has categorized the market based on region, product, formulation, source, mode of application and crop type.
Breakup by Product:
Bioherbicides
Bioinsecticides
Biofungicides
Others
Breakup by Formulation:
Liquid
Dry
Breakup by Source:
Microbials
Plant Extract
Biochemicals
Breakup by Mode of Application:
Foliar Spray
Seed Treatment
Soil Treatment
Post-Harvest
Breakup by Crop Type:
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others
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