Asia-Pacific Biopesticides Market, By Type (Bioinsecticides, Biofungisides, Bionematicides, Bioherbicides and Others), Source (Microbials, Biochemical and Insects), Form (Dry and Liquid), Application (Foliar Application, Fertigation, Soil Treatment, Seed Treatment and Other), Category (Agriculture and Horticulture), Crops (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals and Other Crops), Country (China, India, Australia, South Korea, Japan, Indonesia, Thailand, Philippines, Malaysia, Singapore, Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific Biopesticides Market
The biopesticides market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 16.3% in the forecast period of 2021 to 2028 and is expected to reach USD 3,323.25 million by 2028. The demand for the biopesticides are increasing with the rising concerns for environmental as well as human health which is the reason why farmers are more inclined to opt for more natural and biological based pesticides.
Biopesticides are type of pesticides which are derived from natural materials such as plants, animals, bacteria and certain minerals. For instance, canola oil and baking soda have pesticidal applications and they are considered as a biopesticides. As of April 2016, there are 299 listed biopesticide active ingredients and 1,401 active biopesticide product registrations. There are three major categories of the biopesticides: biochemical pesticides, microbial pesticides and plant-incorporated-protectants (PIPs). These biopesticides are usually less toxic than chemical pesticides and affect only the target pest and closely related organisms.
Thus, the demand for biopesticides is increasing due to its potential applications. Biopesticides offer various advantages such as helps reducing the environmental pollution, soil contamination and also reduces the toxic traces from the food chain. Biopesticides decompose easily in comparison to chemical pesticides and also helps in increasing the yield of the crop. Biopesticides are often used as the component of integrated pest management (IPM) programs to get the most efficient results.
Rise in number of funding for biopesticides products to support sustainable farming is expected to drive the biopesticides market. Stringent regulations on biopesticides are expected to restrict the growth of the biopesticides market. Rise in environmental pollution caused by chemical pesticides are expected to open the growth opportunity for the biopesticides market. High prices of biopesticides are expected to challenge the growth of the biopesticides market.
This biopesticides market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Biopesticides Market Scope and Market Size
The biopesticides market is segmented into six notable segments which are based on type, source, form, application, category and crops. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the biopesticides market is segmented into bioinsecticides, biofungisides, bionematicides, bioherbicides and others. In 2021, bioinsecticides segment is expected to dominate the market because of increasing awareness among farmers regarding the availability of biological pesticides to get rid of insects.
- On the basis of source, the biopesticides market is segmented into microbials, biochemical and insects. In 2021, microbials segment is expected to dominate the market due to increasing demand for target-specific biopesticides which are easily biodegradable and increased concern regarding the environmental damage among farmers.
- On the basis of form, the biopesticides market is segmented into dry and liquid. In 2021, liquid segment is expected to dominate the market owing to increasing demand for easy to use biopesticides products with longer shelf life.
- On the basis of application, the biopesticides market is segmented into foliar application, fertigation, soil treatment, seed treatment and other. In 2021, foliar application segment is expected to dominate the market due to increasing demand for highly efficient application products which gives wide coverage and requires less soil interaction.
- On the basis of category, the biopesticides market is segmented into agriculture and horticulture. In 2021, agriculture segment is expected to dominate the market owning to rising inclination of farmers towards biological based products to produce health crops and to support sustainable farming practices.
- On the basis of crops, the biopesticides market is segmented into fruits & vegetables, cereals & grains, oilseeds & pulses, turf & ornamentals and other crops. In 2021, fruits & vegetables segment is expected to dominate the market due to increasing demand for clean-labelled and organic products among consumers.
Asia-Pacific Country Level Analysis
The biopesticides market is analysed and market size information is provided by the country, type, source, form, application, category and crops as referenced above.
The countries covered in the Asia-Pacific biopesticides market report China, India, Australia, South Korea, Japan, Indonesia, Thailand, Philippines, Malaysia, Singapore, and Rest of Asia-Pacific.
China is dominating the market with the highest share due to rise in the awareness for benefits of biopesticides product and increase in number of launches by the major manufacturers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Biopesticides in Agriculture
Biopesticides market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in biopesticides and changes in regulatory scenarios with their support for the biopesticides market. The data is available for historic period 2010-2019.
Competitive Landscape and Asia-Pacific Biopesticides Market Share Analysis
Asia-Pacific biopesticides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, India presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to biopesticides market.
Some of the major players operating in biopesticides market are Syngenta Crop Protection AG, Bionema, Vegalab SA, STK bio-ag technologies, Andermatt Biocontrol AG, Koppert Biological Systems, Corteva, Bayer AG, Biobest Group NV, Certis USA L.L.C., Valent BioSciences LLC, Novozymes, BASF SE, IPL Biologicals Limited, Terramera Inc., Khandelwal Bio Fertilizer, Isagro, Gowan Company, Parry America, Inc., Barrix Agro Sciences Pvt Ltd, BioWorks Inc., Marrone Bio Innovations, FMC Corporation, UPL, Nufarm, Bioline AgriSciences ltd, Biofa GmbH, BioConsortia, Inc., McLaughlin Gormley King Company, W. Neudorff GmbH KG among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many expansions are also initiated by the companies worldwide which are also accelerating the growth of the biopesticides market.
For instance,
- In June 2018, Bayer AG acquired Monsanto which is located in the United States. This acquisition has brought two strong businesses together such as biological crop protection portfolio from Bayer’s and seeds & traits from Monsanto. The Bayer AG has purchased Monsanto with price of €48,029.00 million mainly affirm for technologies in areas of seeds and traits. This in result has helped the company enhance its sales.
Collaboration, joint ventures and other strategies by the market players is enhancing the company footprints in the biopesticides market which also provides the benefit for organisation in its growth pace.
SKU-