The Brazil biopesticides market is expected to reach $XX Million by 2022 from USD 108.85 Million in 2016, witnessing a CAGR of XX% during the forecasted period. Biopesticides are derived from microorganisms and other natural sources, and are an ecofriendly alternative to the synthetic pesticides.
In recent years, as a consequence of growing concerns regarding the environment and contamination of food with synthetic chemical pesticides, the demand of next generation biopesticides are increasing in Brazil. Other factors contributing to this growth include expansion of the area under organic farming and a shift towards integrated pest management (IPM). Biological control agents (BCAs) or biopesticides account for a small share of registered pesticides in Brazil because the market for unregistered BCAs is much higher. This is the result of a protracted and costly registration process, which deters companies from registering. However, the past few years have witnessed a larger number of products based on BCAs being registered, substantiating companies’ interest in launching these products.
This market can be broadly segmented into product type-bioherbicides, biofungicides, bioinsecticides and other biopesticides. By application area, biopesticides demand has been analyzed in terms of crop-based (including grains & cereals, oilseeds and fruits & vegetables) and non-crop-based (including turf & ornamental grass and other non-crop-based applications).
Key Industry Players
The market has more relevance today since trends show that people prefer more ecofriendly options over non-ecofriendly products and are becoming more health conscious. The major companies’ profiles included in the reports are E.I.D Parry, International Panacea Ltd., Marrone Bio Innovations, Bio Works Inc, Valent BioSciences, Bayer CropSciences, DuPont, FMC, Lallemand Plant Care & Bioingredients and Certis USA LLC.
Key Deliverables in the Study