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Biopesticides Market To Reach Worth USD 12.23 Bn By 2025

The purpose of the report is to illustrate the state of the market of Biopesticides, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

The use of biopesticides began in the late 1800s with the adoption of fungal spores, the first documented use of biopesticides. Since then, biopesticides have been uninterruptedly used in modern agriculture, yet the market share of biopesticides is very frugal when compared to conventional crop protection. Some of the prime attributes that determine the demand for biopesticides are movements in agriculture and crop protection regulations and recognition of novel modes of action of biopesticides. Other critical factor that has determined the emergence of biopesticides in global agriculture is the growing development of resistant pests. In the light of such factors, it is expected that the growth of biopesticides will continue to be impressive through the forecast period.

The recent ban on neonicotinoid pesticides in Europe has been a prominent example of the changes in agriculture and environment regulations. Post the ban, farmers and cultivators have either adopted biological alternatives such as biopesticides or have moved back to the conventional and more toxic chemicals such as pyrethroids. Further introduction of newer regulations that affect the use of crop protection chemistries is more likely to contribute to the growth in share of biopesticides. Large agriculture and crop protection companies have been gradually moving into biochemical space through mergers, partnerships and R&D efforts. It is anticipated that agribusinesses will enter the biopesticides business with an intention to augment their profitability.

As against synthetic crop protection market that is dominated by a handful of large companies, the biopesticides market is characterized by the presence of multitude of developers. Such players are required to modify their growth strategies to ace the intense competition. Agribusinesses such as Valent BioSciences, Cow AgroSciences have already made certain movements in this market by partnering with core players such as Radiant Genomics and Evolva. Similar such partnerships will serve to enhance the development pipeline and shorten the timelines therewith, thus allowing introduction of advanced biopesticides in the international markets and serving the growers with more friendlier and safer crop protection tools.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Biopesticides buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Biopesticides contains:

Analysis and forecast of Biopesticides market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Biopesticides market;

Assessment and forecast of Biopesticides market development;

Financial and business profiles of the leading companies in the Biopesticides industry.

Scope

– Up to date working Biopesticides data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Biopesticides for the period 2018 to 2026

– Planned Biopesticides additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Biopesticides projects by region, key countries, and companies

– Details of major planned Biopesticides projects in the world up to 2026

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