Bayer AG, Certis USA L.L.C., Marrone Bio Innovations Inc., Andermatt Biocontrol AG, BASF SE, and Syngenta Crop Protection AG, among others, are the significant players in the global market for biopesticides.
As per the analysis by Expert Market Research, the global biopesticides market is expected to grow at a CAGR of about 8.3% in the forecast period of 2022-2027, owing to technological advancements.
Biopesticides are insecticides derived primarily from biological organisms such as animals, plants, fungi, and insects. Due to their cost-effectiveness and low-to-no contamination qualities, they are a viable alternative to conventional pesticides. Historically, biopesticides were used worldwide before the industrial revolution to increase agricultural yields and protect crop harvests from animals, diseases, fungi, and insects. Biological pesticides are considered critical to agriculture's survival.
The demand for organic food and the total area dedicated to organic agriculture is expected to increase significantly, thereby propelling the global biopesticides market. With governments across the globe supporting safe and sustainable agriculture practices and farmers becoming aware of the long-term effects of synthetic fertilisers, the shift to biopesticides will be extensive. During the COVID-19 pandemic, supply chains throughout the world, particularly international ones, were disrupted. Countries that relied on raw materials for synthetic fertilisers were forced to look for local alternatives, which could come in the form of relatively inexpensive biopesticides. Microbiology and agricultural research will further contribute significantly to the growth of the biopesticides industry.
Syngenta AG has been spending around USD 1.3 billion per year on research and development, bringing new products to market regularly in an attempt to increase the product demand. This is likely to aid the biopesticides market growth.
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Bayer AG is a global pharmaceutical and life sciences corporation headquartered in Germany. Bayer's business segments include medications for humans and animals, consumer healthcare goods, agrochemicals, seeds, and biotechnology goods. It bought Monsanto, the world's largest producer of genetically altered crops, for USD 63 billion in 2018. Bayer CropScience is a division of Bayer and is responsible for the development of genetically engineered crops and insecticides.
|Headquarters:||Maryland, United States|
One of the world's top producers and distributors of biopesticides, Certis Biologicals was a pioneer in the creation of biological pesticides. They specialise in manufacturing, fermentation, formulation, global registrations for biological goods, global sales channels, and the development of biological products from screening to formulation to field development.
|Headquarters:||California, United States|
Marrone Bio Innovation creates high-performing bio-based products that manage weeds, pests, and plant diseases in a variety of specialty and row crop, turf and ornamental, and water treatment markets using plants and naturally occurring microbes. Marrone Bio Innovations is committed to developing innovative biopesticide products that benefit consumers, farmers, and turf managers worldwide.
The aim of Andermatt is to substitute useful biological pesticides for chemical pesticides, such as microbial products, natural compounds, beneficial insects, and traps. Andermatt has developed into a global network of businesses that manufacture and market their products both internationally and locally. The business is collaborating with its partners to deliver nutritious meals and a healthy environment for everyone.
BASF SE is a German multinational chemical corporation that is the world's biggest chemical manufacturer. With its array of BioSolutions, BASF offers multiple solutions. In addition to assisting farmers in meeting society's increasing need for food that is more sustainably produced, its biological crop protection products also enable healthy plants through natural partners like advantageous nematodes.
In terms of agricultural research and technology, the Syngenta Group is an industry leader, particularly for seeds and crop protection products. Founded in 2000 through the agrichemical companies of Novartis and AstraZeneca, the capabilities of its four Business Units—Syngenta Crop Protection, Syngenta Seeds, ADAMA, and Syngenta Group China—were combined under the umbrella name of Syngenta Group in 2020.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.