Lucintel anticipates that North America will be the fastest growing region in the biopesticide market

   October 3, 2019
According to a new market report by Lucintel, the future of the biopesticide market looks promising with opportunities in seed treatment, soil treatment, and post-harvest mode of applications. The biopesticide market is expected to grow with a CAGR of 15% from 2019 to 2024. The major growth drivers for this market are increase in demand for organic food, lower cost of raw material, and faster regulatory approval.

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In this market, microbe, biochemical, and beneficial insects are the major ingredients of biopesticide.  Within the biopesticide market, biofungicides, bioinsecticides, bioherbicides, and bionematicides are the major product form. Bioinsecticides are the largest product type used in agriculture land.

North America is expected to remain the largest market over the forecast period due to increasing consumer preference for organic products and growing consumer awareness of the ill effects of synthetic pesticides on human health.

Bayer CropScience, DowDupont, BASF, Syngenta, Marrone Bio Innovations, Isagro, Rolfes Agri, Novozymes, Valent BioSciences, Certis, Koppert, Bioworks, Stockton Group, FMC Corporation, and UPL are among the major manufacturers of biopesticides.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the biopesticide market by product type, ingredient type, crop, formulation, mode of application, and region. Lucintel has prepared a comprehensive research report entitled "Biopesticide Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the biopesticide market by mode of application, product type, source, crop, formulation, and region as follows:

By Product Type [$M shipment analysis for 2013 – 2024]:

  • Biofungicides

  • Bioinsecticides

  • Bioherbicides

  • Bionematicides

  • Others (biomolluscicides, bioacaricides, and biorodenticides)

By Ingredient Type  [$M shipment analysis for 2013 – 2024]:

  • Microbes

  • Biochemicals

  • Beneficial Insects

By Crop [$M shipment analysis for 2013 – 2024]:

  • Cereals & Grains

  • Oilseeds & Pulses

  • Fruits & Vegetables

  • Other Crops (turf and ornamentals)

By Formulation [$M shipment analysis for 2013 – 2024]:

  • Liquid

  • Dry

By Mode of Application [$M shipment analysis for 2013 – 2024]:

  • Seed Treatment

  • Soil Treatment

  • Foliar Spray

  • Post-Harvest

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

  • ROW

    • Middle East & Africa

    • South America

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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