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Latin America Biopesticide Market Size, Share, Growth 2031

Latin America Biopesticide Market

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Segments - 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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Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

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

Increased interest in green agricultural practices is projected to boost the market.
Increasing research funding for agriculture sector is the major factor fueling the market.
Low adaptation rate and high cost of bio pesticides is projected to restrict the market expansion during the forecast period.
Lack of awareness about bio pesticides among farmers is anticipated to hamper the market growth in the coming years.
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.

Attributes	Details
Report Title	Biopesticide Market - Latin America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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)
Geographical Scope	Brazil, Argentina, and Rest of South America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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 Summary
2. 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 (000â€™ 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

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