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]:
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
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 https://www.lucintel.com/biopesticide-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.