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Europe Biopesticides Market Size May Witness Gains At Over 6.2% Till 2024

Author : Ronak Bora | Published Date : 2019-08-08 

Europe biopesticides market will witness gains over 6.2% up to 2024. Shifting preference for healthy and nutritious food, stringent regulations on the chemical pesticides along with government promotions for farmer education will support the regional demand.

North America biopesticides market accounted for over 35% of the industry share in 2016. Rising consumer awareness about organic pesticides along with increasing population will propel the industry growth. High adoption of advanced agricultural practices coupled with changing climatic conditions are the key factors fueling the revenue growth.

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Asia Pacific biopesticides market will witness significant growth due to increasing investment from several multinational companies, advancement in biotechnology, demand for organic food and improving farming practices.

Global biopesticides market is still at developing stage due to low adoption as compared to synthetic pesticides. Bayer Crop Science, Marrone Bio Innovations, Monsanto Company, Koppert Biological Systems, BASF, Certis, and Valent Biosciences are the major industry players.

Biopesticides market is poised to witness significant gains with the escalating demand for healthy crop generation. The industry has been evolving at a rapid pace, which is quite evident from the growing consumer preferences for organic food and demand for eco-friendly crop protection pesticides. Another prominent driver influencing global biopesticides market growth is the declining availability of arable land. This has encouraged the farming sector to use more eco-friendly pesticides over chemicals, as the carbamate, organophosphorus, and halogenate present in chemical pesticides can lead to land and water contamination. In addition, the enforcement of strong policies against the use of synthetic pesticides has also widened the acceptance of biopesticides and given a positive push to biopesticides industry share. As per a report by Global Market Insights, Inc., global biopesticides market size stood at USD 1.8 billion in 2016 and is projected to surpass a revenue generation of over USD 2.5 billion by 2024.

The research and development activities with regards to biopesticides are steadily improving, thereby contributing toward the development of effective products. Speaking of which, bioinsectides, biofungicides, and bioherbicides are the three main product categories within the biopesticides market. These products are becoming increasingly popular among the farmers as they promote sustainable agriculture. Bioinsectides contain living bacteria that cause stomach poison among the insects and thus raze them off the crops. Continuous climate changes have led to a high demand for bioinsectides, owing to which biopesticides market share from bioinsecticides is projected to grow at an annual rate of 6% over 2017-2024.

The rising population and the resultant rise in food demand has made crop protection a multi-billion-dollar industry.  However, biopesticides market is at a very nascent stage strongly competing with the well-established synthetic pesticides companies. Key industry participants within biopesticides industry include ADAMA Agricultural Solutions, DuPont, Syngenta, Dow Chemical, Koppert, Valent BioSciences Corporation, BASF, Nufarm Limited, Valent BioSciences Corporation, Bioworkers Inc., Bayer Cropscience Limited, and Futureco Bioscience.

Glimpse of Table of Content (ToC)

Chapter 3. Biopesticides Industry Insights

3.1.    Industry segmentation

3.2.    Industry size and forecast, 2013 - 2024

3.3.    Industry ecosystem analysis

3.3.1.    Raw material suppliers

3.3.2.    Manufacturers

3.3.3.    Distributors

3.4. Distribution channel analysis

3.4.1.    Government

3.4.2.    B 2 B

3.4.3.    B 2 C

3.5. Vendor matrix

3.5.1.    Role

3.5.2.    Product portfolio

3.5.3.    Global presence

3.5.4.    Production capacity of key players

3.6. Technology & innovation landscape

3.6.1.    Biopesticides production landscape

3.6.2.    Top patent holders

3.6.3.    Patent filing trends

3.6.4.    Geographical distribution of patents

3.7. Trade statistics

3.7.1.    Net export

3.7.2.    Net import

3.8. Raw material trends

3.8.1.    Microbial pesticides

3.8.1.1.    Bacterium

3.8.1.2.    Fungus

3.8.1.3.    Virus

3.8.2.    Plant-Incorporated-Protectants (PIPs)

3.8.3.    Bioderived chemicals

3.9. Regulatory landscape

3.9.1.    Organic farming

3.9.1.1.    North America

3.9.1.2.    Europe

3.9.1.3.    APAC

3.9.1.4.    MEA

3.9.1.5.    LATAM

3.10.    Key buying criteria

3.10.1. Biopesticides vs chemical pesticides

3.11.    Pricing trends

3.11.1.    NA

3.11.2.    EU

3.11.3.    APAC

3.11.4.    LATAM

3.11.5.    MEA

3.11.6. Cost structure analysis

3.12.    Industry impact forces

3.12.1.    Growth drivers

3.12.1.1.    Rise in the costs of chemical fertilizers & pesticides

3.12.1.2.    Increasing farm expenditure

3.12.1.3.    Decrease in arable land

3.12.1.4.    Rising organic food demand

3.12.2.    Industry pitfalls challenges

3.12.2.1.    Lack of awareness & low adoption rate of biopesticides

3.12.2.2.    Fluctuation in raw material prices

3.13.    Growth potential analysis

3.14.    Porter's analysis

3.15.    Competitive landscape, 2016

3.15.1.    Market share analysis

3.15.2.    Top players overview

3.15.3.    Strategy dashboard

3.15.3.1.    Expansion through agreements, acquisitions, and joint ventures

3.15.4.    Potential customers overview

3.16.    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/biopesticides-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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