Global Bio-Pesticides Market- 2015 to 2025

Increasing immunity of pests towards the traditional pesticides makes bio-pesticides a necessity. Increasing demand for organic food, done using bio-pesticides, can be anticipated owing to the growing awareness about healthcare. Further, food security for growing population is a major factor which drives the bio-pesticides market.

Rising crop loss due to diseases and pests owing to the development of pest resistance towards traditional chemicals is expected to increase bio-pesticides market. The requirement for high-quality crop and yield is expected to drive the bio-pesticides market.  Easy to use factor along with faster decomposing nature influences the product’s feasibility. Bio-pesticides are safer than the conventional pesticides and also conduct a targeted activity towards specific pests, making it more precise. The changing farming practices from traditional to smart farming create a trend which drives the bio-pesticides market growth across the world.

Despite its features which guarantee significant growth, high cost and low availability of bio-pesticides inhibit the market growth. Changing climate and environmental conditions further effect the market’s growth. Prevalence of developed network of traditional pesticides challenges the bio-pesticides market. Furthermore, the consumer mindset is a major barrier to the market’s growth. But favorable government initiatives and new product introductions create opportunities for the product in the global market. Furthermore, bio-pesticides can be used in the rotation with conventional pesticides when used in integrated pest management programs, which helps in an easy adoption of the product in the global market.

The bio-pesticides market can be segmented into type, crop, application, formulation, and origin. Type includes Bio-insecticides, Bio-fungicides, Bio-herbicides, and Bio-nematicides. Crop includes grains & oilseeds, Fruit & vegetables, and plantation crops. The application includes foliar spray, seed treatment, soil treatment and post-harvest. The formulation can be segregated into the dry formulation and liquid formulation. Further, the origin can be categorized into microbial pesticides, biochemical pesticides, beneficial insects and plant-incorporated Protestants. Region wise segmentation includes North America followed by Europe, Asia-Pacific, and rest of the world (RoW). The fastest growing markets include China and India.

Key market players include Bayer Crop Science AG, BASF SE, Marrone Bio Innovations Inc, Koppert Biological Systems, Certis USA LLC, The Dow Chemical company, Monsanto company, Camson Bio Tech, Isago SPA, Bioworks Inc, Valent Bioscience Corp and w. Neudorff gmbh kg.

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