According to the latest report by IMARC Group “Brazil Biopesticides Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The Brazil biopesticides market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 9% during the forecast period (2021-2026).
Biopesticides refer to pesticides derived from microorganisms such as bacteria, fungi, viruses and other organic substances. The most common variants of biopesticides include bioherbicides, bioinsecticides, and bio fungicides. They are less toxic than their synthetic counterparts and offer enhanced efficiency when applied even in minimal quantities. As a result, biopesticides find extensive applications in seed and soil treatment, foliar spray, and post-harvest procedures.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The market is majorly driven by the increasing demand for organically grown produce, owing to the changing dietary preferences of individuals. Besides this, the rising consumer concerns about the negative effects of using chemical pesticides is also augmenting the market growth. Moreover, biopesticides are also extensively used to enhance crop yield and improve soil fertility due to the limited availability of agricultural farms in the region. Furthermore, the prevalence of favorable government policies to promote organic and sustainable farming methods is further escalating the product demand.
Breakup by Product Type:
Bioherbicide
Bioinsecticide
Biofungicide
Others
Breakup by Formulation:
Dry
Liquid
Breakup by Source:
Microbials
Plant Extracts
Biochemicals
Breakup by Mode of Application:
Foliar Spray
Seed Treatment
Soil Treatment
Post-Harvest
Breakup by Crop Type:
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others
Competitive Landscape with Key Player:
AMVAC Chemical Corporation.
Andermatt Biocontrol AG
BASF SE
Bayer AG
Corteva Agriscience
FMC Corporation
Koppert Biological Systems
Marrone Bio Innovations.
Valent Biosciences LLC
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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