生物農藥的全球市場 - 成長率，趨勢及預測(2019年∼2024年)
Biopesticides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The Global Biopesticides was valued at USD 5,084.9 million in 2020 and is projected to reach USD 11,438.1 million in 2026, registering a CAGR of 14.5% during the forecast period (2021-2026). COVID-19 has an impact on the whole process from biopesticide production to the consumer. COVID-19 resulted in the movement restrictions of workers, decline in demand from farmers, and closure of production facilities. The industry also suffered from severe labor shortages due to repeated lockdowns that affected the production and trade movements. The decline in business for few initial months in 2020 coupled with lower demand from a few major markets has put pressure on the profitability of biopesticides manufacturers and vendors. Africa is expected to witness the fastest growth in the forecast period. In addition, the United States is likely to be the largest individual market over the forecast period. While the prevalence of chemical or synthetic pesticides in crop protection is continuing, human, animal and environmental health concerns are playing key roles in driving the growth of biopesticides. Several countries are adopting a stringent approach concerning the number of imports, with a special focus on regulating the number of pesticide residues. Emerging economies in Asia-Pacific are likely to take the lead in the adoption of biopesticides. Valent BioSciences, Certis USA LLC, and Koppert Biological systems, among others, are the leading players in the business. Due to the growing demand for food safety and quality, biopesticides are gaining popularity, over their synthetic counterparts. However, low specificity on target pests and higher cost of biopesticides are some of the factors expected to constrain the market.
Easy Registration Procedure
Given that biopesticides tend to pose fewer risks than chemical pesticides, the EPA generally requires fewer data to register a biopesticide than to register a chemical pesticide. As a result, new biopesticides are often registered in less than a year, compared to an average of more than three years for chemical pesticides. Biopesticides are regulated in the European Union in the same manner as chemical pesticides. The Organization for Economic Co-operation and Development (OECD), a 34-country group headquartered in Paris, France, assists EU governments in quickly and thoroughly assessing biopesticide risks to humans and the environment. To promote the use of biopesticides, developing countries have simplified the requirement for the registration of biopesticides. These countries are also providing grants for R&D and production unit setups. All these activities are creating an opportunity for the development of the biopesticide market, globally. In May 2020, the EU has proposed a plan to reduce the usage of 505 chemical pesticides in the near future and increase the usage of biopesticides which would drive the market for biopesticides in the EU during the forecast period.
North America dominates the global market
Demand for biopesticides in North America is driven by factors, including the increased interest in green agricultural practices and the loss of many conventional products to reregistration and/or performance issues. There are more than 60 companies that are developing and/or selling biopesticide products today In the United States alone. Product development has also driven up the demand for biopesticides. Today more and better biological active ingredients and products are available that can compete and complement conventional chemical pesticides. The United States had over 420 registered biopesticides. As of 2018, nearly 13 active PIP active ingredients were registered for corn, nine for cotton, and five for soybean. Organizations, like BPIA, EPA, and many others, are working toward developing biopesticides for the majority of the pests in North America. Bio fungicides and bioinsecticides cover the majority of the North American biopesticides market.
The global biopesticides market is concentrated and highly dominated by international players like Bayer CropScience LLC, Syngenta AG, BASF, Certis USA, Sumitomo Chemical Co. Ltd and others. In the global biopesticide market, companies are not only competing based on product quality and promotion but are also focused on strategic moves to hold larger market shares. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the global biopesticide market.