Triton Market Research’s report indicates that the biopesticides market in North America is anticipated to advance with a CAGR of 14.80% over the forecasting years from 2023 to 2030. Canada and the United States are studied in the given region.
Canada is at the forefront of biopesticide regulation, boasting robust research and development efforts, streamlined registration processes, and a commitment to promoting low-risk biopesticides. The country currently has an impressive portfolio of over 200 registered biopesticide products. The surge in demand can be attributed to several factors, including societal pressure for environmentally friendly pest control, retailer insistence on pesticide-free products, introduction of innovative products, and government support for lower-risk pesticide solutions.
Further, cost-effective production of Bt (Bacillus thuringiensis) products on a commercial scale has boosted the biopesticides market as research continues to improve pest control. In addition, there is growing interest in biofungicide research, enhancing the scope of the biopesticides market.
The US holds a significant position in the biopesticides market, primarily because of its extensive cultivation of organic cereals, including wheat, corn, and oats. Consequently, cereal crops significantly fuel the demand for bacterial and fungal biopesticides such as Bt, H-NPV, Trichogramma, and P. Fluorescent. This highlights the critical role of biopesticides in addressing crop-specific challenges and improving agricultural sustainability.
Competitive Outlook
The major companies in the biopesticides market include Andermatt Group AG, Rovensa Group, Isagro SpA, IPL Biologicals Limited, and Certis Europe BV.
1. North America Biopesticides Market - Summary
2. Industry Outlook
2.1. Parent Market Analysis
2.2. Evolution And Transition Of Biopesticides
2.3. Impact Analysis On The Biopesticides Market
2.3.1. Covid-19 Impact
2.4. Key Insights
2.4.1. Using Biopesticides As Part Of Integrated Pest Management (Ipm)
2.4.2. Integration Of Precision Farming And Big Data With Pest Management
2.4.3. Adoption Of New Farming Technologies
2.5. Porter’s Five Forces Analysis
2.5.1. Threat Of New Entrants
2.5.2. Threat Of Substitutes
2.5.3. Bargaining Power Of Suppliers
2.5.4. Bargaining Power Of Buyers
2.5.5. Threat Of Competitive Rivalry
2.6. Regulatory Framework
2.7. Key Market Strategies
2.7.1. Product Launches And Developments
2.7.2. Collaborations
2.7.3. Acquisitions
2.8. Market Drivers
2.8.1. Rising Population Has Raised The Demand For Food Products
2.8.2. Consumer Inclination Towards Organic Produce Pushes Organic Farming
2.8.3. Cost-effective R&D In Biopesticide Manufacturing And Innovation
2.9. Market Challenges
2.9.1. Precision Targeting And Limited Product Availability