Spain Biopesticides - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

Spain Biopesticides - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Spain Biopesticides Market size is estimated at USD 512.22 billion in 2024, and is expected to reach USD 672.64 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).

Biopesticides are pesticides that are derived from natural materials like plants, bacteria, fungi, and other microbial origin along with certain minerals. When used as a component of Integrated Pest Management (IPM) programs these biopesticides can greatly decrease the use of conventional pesticides, while crop yields remains high. The increased use of synthetic pesticides and a growing general concern and consumers' awareness of the negative impact of these chemicals on the environment and on human health has made way for these bio based pesticides. Europe is the biggest market of biopesticide, globally. Of all the countries in Europe, Spain accounts for largest share of about 25% of Europe's biopesticide market as of 2019.

Spain Biopesticides Market Trends

Increasing Awareness About Side-Effects of Chemical Biopesticides

Over the next years, crop production is likely to increase significantly to meet the needs of a rising human population. This has to be done without damaging the environment and the local ecosystem. Biopesticides are usually less toxic than conventional pesticides. This is the reason for increasing popularity of bio-based pesticides and the awareness among farmers and consumers of the region is likely to drive the market in Spain during the forecast period. Biopesticides are generally target specific and affect only the target pest and closely related organisms, while conventional pesticides that may also affect organisms, such as birds, insects, and mammals.

Spanish Government Encourages Biological Pest Control

The Spanish regional government encouraged more extensive use of biopesticides and recorded a major share of the total European biopesticides market in 2019. Spanish farmers, no longer spray their crops with pesticides, instead of hanging small bags of mites on the plants, leaving them to attack parasites while sparing his produce. The use of these kinds of biological control is specially common in Spain's Almeria province, where much of Europe's fruits and vegetables are grown. It is the local government bodies that encouraged more extensive use of biopesticides through various regulations and awareness campaigns aimed at controlling the hazards of climate change. This support from the government is likely yo suppress the demand for synthetic fertilizers in the local market.

Spain Biopesticides Industry Overview

The market studied consists of prominent players, Agrauxine SA, BASF SE, Bayer Cropscience Ag., Koppert Biological Systems, and Valent BioSciences Corporation accounting for more than half of the market share. Consisting heavily of large multinational players, the market studied also houses many private label players. Apart from the presence of loyal customer base, the major players of the market studied benefit from large marketing and innovation capacities.

Additional Benefits:

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