The Australia biopesticides market size is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed restrict regulations on use of synthetic agricultural chemical treatments on wheat the most important exported grain and other crops.
Biopesticides are a broad category of pest management solutions that are based on naturally occurring biochemicals, minerals, and microorganisms. They are usually low in toxicity to people and have minimal environmental effect.
Bio-based products are becoming increasingly popular among environment conscious Australian farmers and biopesticides are the only lucrative option or substitute attracting the buyers. According to the department of agriculture, water and environment Australia, in 2021–22, the gross value of Australia's agricultural production is expected to hit a new high of $73.0 billion.
The national priority list of exotic environmental pests, weeds, and illnesses (abbreviated to Exotic Environmental Pest List (EEPL)) includes 168 pests, weeds, and diseases from eight main groupings. The capacity of the species on the EEPL to enter Australia, settle, spread, and produce nationally significant negative consequences on the environment and social amenity was evaluated.
The EEPL comprises a subset of 42 high risk species that possess the major threat to Australia's environmental biosecurity, with 5-6 species from each of the eight thematic groupings represented. Plant diseases, bacteria & fungus, and insect pests are acquiring chemical resistance and adapting to crop protection agents through mutations, resulting in diminished efficacy and pest comeback this leads to increased use of biopesticides in agriculture field.
The Australian Pesticides and Veterinary Medicines Authority (APVMA) regulate usage of pesticides by setting up the limit called as maximum residue limits (MRLs) for agricultural and veterinary pesticides.
The Fisheries Research and Development Corporation (FRDC) is developing a plan to assess the feasibility of using cyprinid herpes virus 3 (carp virus) as a biological control agent for common carp in Australia while minimizing any impacts on industries, communities, and the environment if a carp virus release occurs.
Market Trends, Drivers, Restraints, and Opportunities
- Increased household food consumption expenditure is expected to drive the market in coming years.
- Population growth, income growth and changes in tastes and preferences are anticipated to surge the market.
- Acceleration of research and development projects to tackle pest and weeds is expected to boost the market during the forecast period.
- Increased demand for nutritious crops with long shelf-life leads to increased connectivity, which is expected to fuel the market during the forecast period.
- Rising adoption of genetically modified crops is key factors boosting the market.
- Lack of awareness among plant growers about crop health act as a key challenge that can hamper the market.
- Rising inflation and increasing number of job loss are expected to hinder the market.
- Scientific research and development in agriculture research centers are projected to create lucrative opportunities for the market players.
Scope of Biopesticides Market Report
The report on the Australia biopesticides 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
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Details
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Report Title
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Australia Biopesticides Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Crop Based (Grains & Cereals, Oil Seeds, and Fruits & Vegetables) Non-Crop Based, Turf & Ornamental Grass and Others), Products (Bioinsecticides, Bioherbicides, Bio Fungicides, and Others), Formulation (Liquid, and Dry), Ingredient (Plant Biopesticide, Microbial Pesticide, and Biochemical Pesticide)
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Country Scope
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Australia
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Report Coverage
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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
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Eid Parry; Bayer cropscience; BASF; Emery Oleochemicals; Valent Biosciences Corp
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Australia biopesticides Market Segment Insights
The grains & cereals segment is projected to constitute a key market share
Based on applications, the Australia biopesticides market is divided into crop based, non-crop based, turf & ornamental grass, and others. The crop-based segment is further segmented into grains & cereals, oil seeds, and fruits & vegetables. The grains & cereals segment is expected to account for a key share of the market during the forecast period owing to high development costs of synthetic crop protection solutions.
The bioinsecticides segment is expected to expand at a rapid pace
In terms of products, the Australia biopesticides market is segmented into bioinsecticides, bioherbicides, bio fungicides, and others. The bioinsecticides segment is expected to hold a key share of the market in the coming years due to rising demand to reduce post-harvest agricultural losses while posing minimal environmental risk.
The liquid segment is anticipated to expand at a substantial CAGR
On the basis of formulation, the Australia biopesticides market is bifurcated into liquid and dry. The liquid segment is expected to constitute a key share of the market during the forecast period owing to ease with which pesticides may be applied directly to the leaves to control insects and mites.
The plant biopesticide segment is projected to hold a key market share
Based on Ingredients, the Australia biopesticides market is divided into plant biopesticides, microbial pesticide, and biochemical pesticide. The plant biopesticide segment is expected to represent a key share of the market during the forecast period owing to they produce little toxic residue, and are of minimal risk to human health
Segments
The Australia biopesticides market has been segmented on the basis of
Applications
- Crop Based
- Grains & Cereals
- Oil Seeds
- Fruits & Vegetables
- Non-crop Based
- Turf & Ornamental Grass
- Others
Products
- Bioinsecticides
- Bioherbicides
- Bio Fungicides
- Others
Formulation
Ingredient
- Plant Biopesticide
- Microbial Pesticide
- Biochemical Pesticide
Country
Key Players
Competitive Landscape
Key players competing in the Australia biopesticides market include Eid Parry; Bayer cropscience; BASF; Emery Oleochemicals; Valent Biosciences Corp
Some of these players are coming up with several market/business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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