(I-BusinessNews.Com, January 29, 2020 ) The biopesticides market is estimated to be valued at USD 3.0 billion in 2018 and is projected to reach USD 6.4 billion by 2023, at a CAGR of 15.99% during the forecast period. The growth of the biopesticides market is driven by factors such as the harmful effects of chemical pesticides and increasing demand for biopesticides by organic farmers.
The key players in the biopesticides market include Bayer CropScience (Germany), Syngenta (Switzerland), BASF (Germany), Marrone Bio Innovations (US), Isagro (Italy), Valent BioSciences Corporation (US), Certis (US), Koppert (Netherlands), Bioworks (US), Stockton Group (Israel), FMC Corporation (US), and UPL (India).
Bayer CropScience is among the largest and most well-recognized names in the agriculture sector across the globe. The company and its subsidiaries manufacture and distribute a wide array of agricultural products, pharmaceutical products, consumer health products, and animal health products. The company offers a range of crop protection products, seeds, and non-agricultural pest control products to meet the growing demand for biological control methods in the agriculture industry. Bayer CropScience has significantly increased its investment in the R&D for product innovations and to adapt to the growing need for bio-based solutions in farms.
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The company is focusing on expanding its capabilities in developing new strains of active ingredients and other microbial solutions in an effort to cater to a wide variety of crops and climactic conditions. It also aims to develop and provide a comprehensive array of biological seed treatment and post-harvest solutions to meet the demand from farmers across the world. The company’s acquisition of Monsanto (US) has led to its addition in the BioAg alliance partnership with Novozymes (Denmark). The resulting partnership would lead to the development and commercialization of a range of biological control products.
Syngenta is one of the leading companies in the agriculture business sector. Syngenta emerged as a result of the merger between the agribusinesses of Novartis (Switzerland) and AstraZeneca (Switzerland) in 2000. The company markets its products in over 90 countries across the globe with three R&D centres. The company engages in the discovery, development, manufacture, and marketing of a range of products designed to enhance crop yields and food quality, worldwide. It operates through three business segments—crop protection, seeds, and business development. The company also develops, produces, and markets seeds and plants using genetics and related technologies, which comprise approximately 200 product lines and 5,000 varieties of proprietary genetics, including field crops such as corn, soybean, rice, cereals, oilseeds, sugar beet, and vegetables. In addition, the company offers consumer home and garden products covering fungicides, herbicides, and insecticides to wholesale companies for repackaging and sale to retailers. The company’s product line of pesticide solutions is for use in multiple applications including turf, landscape, and professional pest management applications.
Marrone Bio Innovations is a US-based company that provides high-performing natural pest management and plant health products for the agriculture, turf & ornamental, and water treatment markets, worldwide. Its product portfolio includes herbicides, biopesticides, fungicides, nematicides, insecticides, and algaecides for algae control; molluscicides for mussel & snail control; plant growth & stress regulators; and water treatment products for various applications such as hydroelectric and thermoelectric power generation, industrial applications, drinking water, aquaculture, irrigation, and recreation. Its effective and eco-friendly natural agricultural products provide higher yields and quality while managing pest resistance and residues. The company has developed a robust patent portfolio and has a library of more than 18,000 microorganisms and hundreds of plant extracts that have been screened for clients’ customized requirements. It supports customers, worldwide, to control pests, improve plant health, and increase crop yields while reducing the environmental biopesticide load, decreasing chemical residues on food, and fighting the development of pest resistance.
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