The US biopesticides market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing consumer desire for organic products.
Biopesticides are biocrop protection agents made up of natural components including plant matter, microbes, and bacteria. Biopesticide, as defined by the Environmental Protection Agency (EPA), is generated from natural elements such as animals, plants, microorganisms, and certain minerals. Microorganisms including bacteria, viruses, fungi, and tiny nematode worms might be employed in agricultural operations to manage or eradicate pests that are likely to cause plant harm.
In 2016, more than 4 million acres of land were under organic agriculture, up 11% from the previous two years. In 2016, there were close to 15,000 certified organic farms, up more than 6% from 2014. Because biopesticides are widely utilized in organic farming, biopesticide usage in organic farming is anticipated to rise in the United States. Bioinsecticides and biofungicides, which have a market share of 43 per cent and 44 per cent, respectively, in 2018, are the market leaders. The fact that they have more goods, are more diverse, and are more popular are the primary reasons for their dominance in the biopesticide market revenue in the United States.
Market Trends, Drivers, Restraints, and Opportunities
- Easier and simplified registration processes are expected to fuel market expansion during the forecast period.
- Increasing pest varieties are estimated to boost the market growth in the coming years.
- Growing government support and assistance is anticipated to spur market growth during the forecast period.
- Lack of knowledge about biopesticides and their high prices is projected to restrict market expansion.
- Growing organic agricultural area is projected to offer immense opportunities for the market players.
Scope of Biopesticides Market Report
The report on the US biopesticides 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
|
US Biopesticides Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
Product Types (Bioherbicides, Bioinsecticides, and Biofungicides), Applications (Foliar Application, Soil Treatment, and Seed Treatment), and Crop Types (Cereals, Oilseeds, Fruits, Vegetables, and Other Crop Types)
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Bayer AG, Certis USA LLC, Marrone Bio Innovations, and Valent BioScienc
|
Biopesticides Market Segment Insights
Bioinsecticides segment is projected to account for a large market share
Based on product types, the US biopesticides market is divided into bioherbicides, bioinsecticides, and biofungicides. The bioinsecticides segment is expected to account for a key share of the market during the forecast period due to its diverse application and popularity.
Foliar application segment is expected to register at a rapid pace
On the basis of applications, the US biopesticides market is bifurcated into foliar application, soil treatment, and seed treatment. The foliar application segment is expected to account for a key share of the market in the coming years owing to precise positioning, less dripping losses, and effective coverage by it.
Fruits segment is anticipated to expand at a substantial CAGR
In terms of crop types, the US biopesticides market segregated into cereals, oilseeds, fruits, vegetables, and other crop types. The fruits segment is expected to account for a key share of the market in the coming years due to growing worries about food residue levels and rigorous regulations in fruits such as grapes and strawberries.
Segments
The US biopesticides market has been segmented on the basis of
Product Types
- Bioherbicides
- Bioinsecticides
- Biofungicides
Applications
- Foliar Application
- Soil Treatment
- Seed Treatment
Crop Types
- Cereals
- Oilseeds
- Fruits
- Vegetables
- Other Crop Types
Key Players
Competitive Landscape
Key players competing in the US biopesticides market include Bayer AG, Certis USA LLC, Marrone Bio Innovations, and Valent BioSciences. These firms' main tactics include mergers, acquisitions, new product launches, and expansions. The large-scale mergers and acquisitions that are taking place amongst businesses to produce biopesticides suggest that the focus on bio-based products is quickly growing. The market's participants are substantially spending in this industry to diversify their biological research divisions in an ever-expanding market.
Request For Customization
Enquiry Before Buying
Speak With Analyst
