The global Biological Crop Protection (Bio-Pesticide) market is estimated at USD 4619.04 million in 2020 and is projected to reach USD 9164.82 million by 2027, exhibiting a CAGR of 10.28% during the forecast period. The usage of synthetic chemicals can lead to pollution and contamination of the soil, as well as have harmful effects on the food chain. With this concern, there has been an increase in awareness of residue-free food, due to which high importance is given for biological products.
Due to the factors, such as the ban on chemical pesticides in the major countries attributed to the deteriorating soil conditions, extensive farm practices, and growing concern regarding residue levels in food products, there is high scope and demand for biopesticide products. Biopesticide products are mainly used for fruits & vegetables, cereals & grains, and oilseeds & pulses. In most recent times, there is also an increase in demand for biopesticides from recreational parks, theme parks, and golf courses to control pests
Key players in the bioinsecticides market include:
Bayer Crop Science
Marrone Bio Innovations
Chengdu New Sun
Som Phytopharma India
Jiangxi Xinlong Biological