United States Biopesticides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

United States Biopesticides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The US biopesticides market is expected to register a CAGR of 12.5% during the forecast period. The market is driven by the consumer preference for organic products, simpler registration processes, an increase in pest diversity, and government support. Low awareness about biopesticides and the high price of biopesticides are the key restraints of the market. Increasing acreage of organic crop cultivation may play a major role in pushing the volume consumption of biopesticides in the United States.

Key Market TrendsIncrease in Organic Cultivation

The popularity of organic food has been increasing continuously in the United States because of the increase in demand for healthy food. More than 4 million acres of land were under organic cultivation in 2016, which was 11% more than the last two years. The number of certified organic farms was close to 15,000 in 2016, rising over 6% since 2014. As the biopesticides are widely used in organic farming, an increase in organic farming biopesticide consumption is also expected to rise in the United States.

Bioinsecticides and Biofungicides Dominate the Market

Insecticides, fungicides, herbicides, nematicides, and rodenticides are the chief products available in the biopesticide category. Out of all the above, bioinsecticides and biofungicides dominate the market with an estimated market share of 43% and 44%, respectively, in 2018. More products, diversified products, and the popularity of those products are the prime reasons for their domination in the United State's biopesticide market revenue. Bioherbicides are the next popular biopesticides with an estimated market share of 4% and all others together with 9% in the country.

Competitive Landscape

The biopesticides market in the United States is highly fragmented with major players holding a very smaller share. Mergers, acquisitions, new product launches, and expansions are the key strategies adopted by these companies. The major acquisitions taking place between companies to develop biopesticides indicate that the focus on bio-based products is increasing rapidly. The players in the market are investing heavily in this market to diversify their biological research divisions in the expanding market place. Bayer AG, Certis USA LLC, Marrone Bio Innovations, and Valent BioSciences are some of the top biopesticide manufacturing companies in the United States.

Additional Benefits:

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

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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