Spain Biopesticide Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Spain Biopesticide Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The spain biopesticide market is projected to register a CAGR of 3.9% during the forecast period 2020-2025. 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. Easy registration procedure and low R&D cost are likely to be the major drivers of the market studied. However, high product costs of biopesticides and their lower shelf life compared to other chemical pesticides, are the likely restraining factors of the market studied. The progress of the organic industry, the rising cost of chemical pesticides, growing issues in the development of insect resistance toward these chemicals, and the increase in awareness about occupational hazards caused by chemical pesticides are the major driving factors for the biopesticides market.

Key Market TrendsIncreased Practice of Organic Farming

Growing consumer demand for opting for organic food instead of conventional food, to avoid adverse health effects caused by chemical preservatives is shifting growers towards organic cultivation that uses bio-pesticides instead of chemicals. Increased concern about the environment has paved the way for the use of bio-based pesticides. Increasing the cost of chemical fertilizers and push from governments for sustainable farming is enabling the farmers to adopt organic farming practices. After the initiatives by the regulatory system, the biopesticide usage number has been increased in the country. Growers are being encouraged to grow fresh fruits and vegetables through the usage of chemical-free pesticides. Thus increasing organic farming practice is driving the growth of the biopesticide market making spain the largest market for biopesticides as higher number of organic farming is done in the country.

Biofungicides Dominates the Market

It’s quick decomposition and pollution and residue levels associated with synthetic pesticides drive the segment in the market studied. The rise in demand for organic products is booming, not only due to an increase in conscientious consumers, but also due to increasing incomes, along with improved farming practices that make organic yields more robust. Strong funding by the private and public sectors towards the research of microbial and plant extracts having biocidal properties, especially for its usage on a wide spectrum of field crops, is expected to drive the growth of the market over the years.

Competitive Landscape

New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the biopesticide market. In the market studied, companies not only compete on new product launches but also focus on strategic moves, to acquire larger market shares. The results of the market share analysis indicate a highly fragmented market. The major players include - Valent Biosciences Corporation, Koppert BV, LLC, Bayer Cropscience AG, and Syngenta.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Bayer crop science
BASF
Seipasa
Valent Biosciences
Certis LLc
Koppert Biological System
Novozyme Biological
Marrone Bio innovations
De Sangosse

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