Latin America Biopesticide Market Size, Share, Growth 2031
Latin America Biopesticide Market Size, Share, Growth 2031
Segments - Latin America Biopesticide Market by Product (Bioherbicides, Bioinsecticides, Bio Fungicides, and Others), Formulation (Liquid and Dry), Ingredient (Microbial Pesticide, Plant Biopesticide, Biochemical Pesticide), and Application (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables, Commercial Crops, Turf, and Ornamentals) - Latin America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-2285
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Report Description
Latin America Biopesticide Market Outlook
The Latin America Biopesticide Market size was valued at USD 487.69 Million in 2022 and is expected to surpass USD 1.40 Billion by 2031, expanding at a CAGR of 12.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to rapid development in food industry, increasing demand for high yield crops, increased concern about environment, and increasing environmental regulations.
Bio pesticides are specific types of pesticides obtained from natural materials like certain minerals, bacteria, plants, and animals. Baking soda and canola oil have pesticidal uses and are considered as bio pesticides.
Bio pesticides contain naturally obtained substances that control pests (biochemical pesticides), pesticidal substances produced by plants, and microorganisms also control pests (microbial pesticides).
The covid-19 pandemic affected the demand and supply of the Latin America bio pesticides market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth.
Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Latin America Biopesticide Market Trends, Drivers, Restraints, and Opportunities
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Increased interest in green agricultural practices is projected to boost the market.
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Increasing research funding for agriculture sector is the major factor fueling the market.
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Low adaptation rate and high cost of bio pesticides is projected to restrict the market expansion during the forecast period.
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Lack of awareness about bio pesticides among farmers is anticipated to hamper the market growth in the coming years.
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R&D investment and technological advancement in bio pesticides market is projected to offer lucrative opportunities for the market players.
Scope of Latin America Biopesticide Market Report
The report on the Latin America bio pesticide market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Biopesticide Market - Latin America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product (Bioherbicides, Bioinsecticides, Bio Fungicides, and Others), Formulation (Liquid and Dry), Ingredient (Microbial Pesticide, Plant Biopesticide, Biochemical Pesticide), and Application (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables, Commercial Crops, Turf, and Ornamentals) |
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Geographical Scope |
Brazil, Argentina, and Rest of South America |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Marrone Bio Innovations, Syngenta, Koppert Biological Systems, Bayers Crop Science, and Valent Bioscience Corporation. |
Bio Pesticide Market Segment Insights
The bio fungicides segment is projected to hold a large market share
On the basis of product, the Latin America bio pesticide market is divided into bio herbicides, bio insecticides, bio fungicides, and other. The bio fungicides segment is expected to represent a key share of the market during the forecast period.
Rising fungal resistance to various conventional fungicides is projected to increase demand for more effective alternatives, such as bio fungicides. Furthermore, the regulatory prohibition or restriction on the use of certain active substances in the manufacturing of chemical agri-inputs is projected to boost the market.
The liquid formulation segment accounts for a key share of the market
Based on formulation, the Latin America bio pesticides market is bifurcated into liquid and dry. The liquid formulation segment accounts for a key share of the market. Growth of the market is attributed to increasing adaptation of organic farming methods and increasing crop production.
However, the dry formulation segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid expansion of organic food industry and increasing demand for bio pesticides.
The biochemical segment accounts for a significant share of the market
In terms of ingredient, the Latin America Biopesticide market is segregated into microbial pesticide, plant bio pesticide, and biochemical pesticide. The biochemical pesticides accounts for a significant share of the market. Growth of the market is attributed to increasing area under organic cultivation.
The plant pesticides segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing consumption of organic food. Italy is now enacting legislation with the goal of reducing agriculture's reliance on pesticides while improving consumer and environmental safety.
The fruits & vegetable segment is anticipated to expand at a rapid pace
On the basis of application, the Latin America bio pesticide market is segmented into grains & cereals, pulses & oilseeds, fruits & vegetables, commercial crops, turf, and ornamentals. The fruits & vegetable segment is projected to hold major market share during forecast period.
The metropolitan population has increased steadily over the past few years, resulting in a significant demand for fresh fruits and vegetables. The appearance of fruit often leads to assumptions about its quality. Any insect present reduces the market value of the crop.
Segments
Product
- Bioherbicides
- Bioinsecticides
- Bio Fungicides
Formulation
- Liquid
- Dry
Ingredient
- Microbial Pesticide
- Plant Biopesticide
- Biochemical Pesticide
Application
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Commercial Crops
- Turf
- Ornamentals
Key Players
- Marrone Bio Innovations
- Syngenta
- Koppert Biological Systems
- Bayers Crop Science
- Valent Bioscience Corporation
Competitive Landscape
Key players competing in the Latin America bio pesticide market include Marrone Bio Innovations, Syngenta, Koppert Biological Systems, Bayers Crop Science, and Valent Bioscience Corporation.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. Companies compete not only on new product introductions, but also on strategic measures to gain market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Biopesticide Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Biopesticide Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Biopesticide Market - Supply Chain
4.5. Global Biopesticide Market Forecast
4.5.1. Biopesticide Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Biopesticide Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Biopesticide Market Absolute $ Opportunity
5. Global Biopesticide Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Biopesticide Market Size and Volume Forecast by Applications
5.3.1. Grains and Cereals
5.3.2. Pulses and Oilseeds
5.3.3. Fruits and Vegetables
5.3.4. Commercial Crops
5.3.5. Turf
5.3.6. Ornamentals
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Biopesticide Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Biopesticide Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Biopesticide Demand Share Forecast, 2019-2026
7. North America Biopesticide Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Biopesticide Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Biopesticide Market Size and Volume Forecast by Applications
7.4.1. Grains and Cereals
7.4.2. Pulses and Oilseeds
7.4.3. Fruits and Vegetables
7.4.4. Commercial Crops
7.4.5. Turf
7.4.6. Ornamentals
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Biopesticide Demand Share Forecast, 2019-2026
8. Latin America Biopesticide Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Biopesticide Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Biopesticide Market Size and Volume Forecast by Applications
8.4.1. Grains and Cereals
8.4.2. Pulses and Oilseeds
8.4.3. Fruits and Vegetables
8.4.4. Commercial Crops
8.4.5. Turf
8.4.6. Ornamentals
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Biopesticide Demand Share Forecast, 2019-2026
9. Europe Biopesticide Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Biopesticide Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Biopesticide Market Size and Volume Forecast by Applications
9.4.1. Grains and Cereals
9.4.2. Pulses and Oilseeds
9.4.3. Fruits and Vegetables
9.4.4. Commercial Crops
9.4.5. Turf
9.4.6. Ornamentals
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Biopesticide Demand Share Forecast, 2019-2026
10. Asia Pacific Biopesticide Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Biopesticide Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Biopesticide Market Size and Volume Forecast by Applications
10.4.1. Grains and Cereals
10.4.2. Pulses and Oilseeds
10.4.3. Fruits and Vegetables
10.4.4. Commercial Crops
10.4.5. Turf
10.4.6. Ornamentals
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Biopesticide Demand Share Forecast, 2019-2026
11. Middle East & Africa Biopesticide Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Biopesticide Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Biopesticide Market Size and Volume Forecast by Applications
11.4.1. Grains and Cereals
11.4.2. Pulses and Oilseeds
11.4.3. Fruits and Vegetables
11.4.4. Commercial Crops
11.4.5. Turf
11.4.6. Ornamentals
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Biopesticide Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Biopesticide Market: Market Share Analysis
12.2. Biopesticide Distributors and Customers
12.3. Biopesticide Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Marrone Bio Innovations
12.4.2. Syngenta
12.4.3. Koppert Biological Systems
12.4.4. Bayers Crop Science
12.4.5. Valent Bioscience Corporation
Methodology
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