Argentina Biopesticides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Argentine Biopesticides Market is segmented by product type (bioherbicides, bioinsecticides, bio fungicides, other product types), by formulation ( liquid, dry), by ingredient (microbial pesticide, plant biopesticide, biochemical pesticide), and by application (grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, turf, and ornamentals).

Market Snapshot

Market Overview
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 16.54 %

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Market Overview

The Argentine biopesticides market is estimated to record a CAGR of 16.54% during the forecast period. Argentina constitutes a key Latin American market for biopesticides, with bioherbicides forming the largest and bio fungicides as the fastest growing segments. Argentina ranks as the third-largest global producer of soy and corn, and curtailing the use of pesticides on these crops as envisaged by the government is expected to increase costs for farmers. The total soy crop and a substantial proportion of corn and cotton crops in the region are genetically modified. Though this was intended to reduce the consumption of pesticides, the fact remains that the overall utilization has grown by nine times since 1990 due to increased production, through demand for higher crop yield, and pests developing resistance to the chemicals.

Scope of the report

The Argentine biopesticides market is segmented by product type (bioherbicides, bioinsecticides, bio fungicides, others), by formulation (liquid, dry), by ingredient (microbial pesticide, plant biopesticide, biochemical pesticide), by application (grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, turf and ornamentals).

Application
Crop based
Grains & Cereals
Oil seeds
Fruits & Vegetables
Non Crop based
Turf & Ornamental Grass
Others
Product Type
BioHerbicides
BioInsecticides
BioFungicides
Others

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Key Market Trends

Increasing Yield of Agricultural Produce

In the Argentine pesticide market, biopesticides are witnessing a steady growth and the key market drivers for the industry in the region are the adoption of herbicides tolerant crops, increasing area of crop production, and increasing yields of agricultural produce. However, strict regulations posed by US EPA and EU on pesticidal residue limit on food crops will limit the use of synthetic pesticides on crops and will increase the demand for biopesticides in the region. Principal factors driving the same include greater adoption of biopesticides in place of traditional chemical-based pesticides as a consequence of increasing efficacy and enhanced consumer confidence in their performance output. Cereals and grains are the major crops that are cultivated at a higher volume compared to the fruits and vegetables in the region. During the forecast period, Argentina topped in the production of wheat, maize, soyabean, and sugarcane meaning that the domestic and international demand for the agricultural produce is high and there is a need to increase the yield and quality of the crops grown, which is driving the market.

Crop Production in Argentina (MT), 2016-2018

Increase in Organic Farmland

In 2017, the organic farmland in Argentina amounted to over 3.38 million hectares, up from more than 3.01 million hectares registered a year earlier and hence, the use of fertilizer and in terms of increasing the quality and yield, there are more chances for biopesticides demand to increase in the market. The Argentine government has also adopted land policies to integrate the agriculture production system in the region. Due to factors like high output cost, Government initiatives, and higher demand for organic produce, farmers are ready to shift from traditional farming to organic farming which in turn is driving the demand for bio-based fertilizer and pesticides in the market. Moreover, prominent research studies have indicated that the residual pesticides in food can cause health concerns and other effects that may take place in a prolonged period of time without immediate manifestation.

Area of Organic Farmland in Argentina, 2015-2017 ('000MT)

Competitive Landscape

The biopesticides market is witnessing a surge in corporate activity with several agrochemical companies entering into the agricultural biologicals sector either through dedicated R&D investment, licensing deals, partnerships, and mergers and acquisitions. The analysis of major companies in the biopesticides industry has taken into account strategy adopted, financial revenues, and the latest developments in the market. Some of the leading players covered include Bayer CropScience, BASF, Marrone Bio Innovations, De Sangosse, and Valent Biosciences.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Crop based

        1. 5.1.1.1 Grains & Cereals

        2. 5.1.1.2 Oil seeds

        3. 5.1.1.3 Fruits & Vegetables

      2. 5.1.2 Non Crop based

        1. 5.1.2.1 Turf & Ornamental Grass

        2. 5.1.2.2 Others

    2. 5.2 Product Type

      1. 5.2.1 BioHerbicides

      2. 5.2.2 BioInsecticides

      3. 5.2.3 BioFungicides

      4. 5.2.4 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Bayer crop science

      2. 6.3.2 BASF

      3. 6.3.3 Seipasa

      4. 6.3.4 Valent Biosciences

      5. 6.3.5 Certis LLc

      6. 6.3.6 Koppert Biological System

      7. 6.3.7 Novozyme Biological

      8. 6.3.8 Marrone Bio innovations

      9. 6.3.9 De Sangosse

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Argentina Biopesticides Market market is studied from 2016 - 2026.

The Argentina Biopesticides Market is growing at a CAGR of 16.54% over the next 5 years.

Valent Bioscience Corporation, Bayer cropscience, BASF, Emery Oleochemicals, Ishihara Sangyo Kaisha,Ltd are the major companies operating in Argentina Biopesticides Market.

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