The Global Bacterial Biopesticides Market is projected to register a CAGR of 12.8% over the forecast period.
Organic farming represents a unique, fast growing segment of the food industry. As is the case with any emerging technology, various factors alternately drive and inhibit the growth of bacterial biopesticides. Being less harmful than synthetic pesticides, microbial pesticides typically affect only the target pest and other organisms closely related to it, as against broad-spectrum conventional pesticides, which can be harmful to other organisms such as birds, insects, and mammals. Ease of handling attributes like low-to-no re-entry intervals and post-harvest intervals also drive adoption of bacterial biopesticides mainly by serving as a stark alternative to existing synthetic options and restrictions over their usage.
Key Market Trends
Fruits and Vegetables Segment Exhibiting Sustained Growth
The fruit & vegetable segment accounted for the largest share of the crop type application of bacterial biopesticides in 2019. The major crops utilizing the agricultural land area and bacterial biopesticides, under fruits and vegetables segment, are strawberries and tomatoes. The segment is driven by the increased awareness regarding the consumption of fresh fruits and vegetables that are free of synthetic pesticide residues. This has led to increased area under certified organic farming across the world. Although price premiums for organically grown fruits and vegetables are yet to catch up with the opportunity cost of loss of yield, the market growth for bacterial biopesticides is expected to remain high in the fruits and vegetables segment. The CAGR over the forecast period (2020-2025) is estimated at 18.13%.
Asia-Pacific Expected to be the Fastest-Growing Market
The Asia-Pacific region led by countries like India and China, is expected to witness fastest growth in terms of demand. Evolving market in the developing regions of Asia-Pacific and Latin America would provide further growth opportunity in agricultural microbial demand. In 2017, the region had the maximum organically cultivated area among all regions, amounting to more than 3 million hectare. It has been estimated that organically cultivated cereals accounted for 0.3% of the overall area under cereals in the region. In terms of number of farmers, India has the highest number of organic farmers across the world, amounting to more than 800,000. From the consumer side, increasing awareness regarding residues of synthetic pesticides in freshly consumed agricultural products (mainly fruits and vegetables) is expected to drive demand for bacterial biopesticides in the region.
The Global Bacterial Biopesticides Market is fragmented with a few major multinationals competing fiercely with regional and local players. Marrone Bio Innovations Inc. has been the most active company over the last few years. The company has been launching a wide range of new products. There are many independent, small-, and mid-sized companies carrying out research on biologicals and have also shown recent success in the market. Therefore, they have been building up their portfolios and pipelines, in the recent times. The major players in the Bacterial Biopesticides Market are: BioWorks, Inc., Marrone Bio Innovations, Inc., Hebei Veyong Bio-Chemical Co. Limited, Camson Bio Technologies Limited, and Koppert Biological Systems, among others
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