Latin America Biopesticide Market - Segmented by Product, Formulation, Ingredient Type, Mode of Application, Crops of Application, and Geography- Analysis of Growth, Trends, and Forecast (2018–2023)
SKU ID :INH-12347692 | Published Date: 01-Sep-2018 | No. of pages: 90Description
The Latin America Biopesticide Market was valued at USD 305.1 million in 2017 and is expected to register a CAGR of 16.4% during the forecast period (2018-2023). Brazil is the largest market share holder of biopesticides in Latin America with the revenue USD 103.5 million in 2017 and is expected to register a CAGR of 10.3% during forecast period (2018 - 2023).
EPA defines biopesticide as certain types of pesticides, derived from such natural materials as animals, plants, bacteria, and certain minerals. The study takes into consideration both microbial as well as organic pesticides. The Latin America biopesticide market is segmented by product, formulation, ingredient type, mode of application, crops of application, and geography. By product biopesticides are sub segmented into bioherbicide, bioinsecticide, biofungicide, others. By ingredient type market was sub segmented into microbial pesticides, plant extracts, bio-derived compounds and the sub segments of crops of application are grains & cereals, oilseeds & pulses, fruits & vegetables, commercial crops, turf & ornamental grass.
The Major Market Share Sub Segment - Bioinsecticides
The Latin America market for bioinsecticides was valued at USD 196.5 million in 2017. Bioinsecticides hold around half of the market share. Over 6,000 plant species have been identified, which possess insecticidal properties. In insect pest management, a number of plant products derived from neem, custard apple, tobacco, pyrethrum, etc., have been used as safe insecticides. Bacillus thuringiensis (Bt) is the most explored and commercially successful microbial insecticide.
Growing Demand for Food Safety and Quality
Consumers have become more aware of products they consume and scrutinize the safety and quality of food products. Being less harmful than synthetic pesticides, biopesticides typically affect only the target pest and other organisms closely related to it, as against broad-spectrum conventional pesticides, which can be harmful to other organisms, such as birds, insects, and mammals. Biopesticides has capability to rapidly decompose without leaving any noxious residues and are less detrimental to humans, animals, and the environment. So, when farmers use biopesticide in agricultural land, it lessens the chance of toxicity that comes indirectly from synthetic pesticide usages. Recent changes to legislations in Latin American countries, have paved the path for the development and greater adoption of biopesticide over synthetic pesticide.
Low Shelf Life
Storage of biopesticides requires special facilities, along with skills, which most producers, shopkeepers, and farmers do not possess, especially in the developing parts of the world. Since biopesticides often contain living material, the products have reduced shelf lives. Also, their efficacy is often variable, due to the influence of various biotic and abiotic factors. Shelf life is the end result of several factors, like production technology, carrier and packaging material used, and the mode and distance of transport.
Key Developments of Latin America Biopesticide Market
May 2016 – There approval applications for biopesticide products has been increasing immensely from recent years.
Sep 2016 – The biopesticide regulatory body has approved the registration of biopesticide Rutastar in Latin America.
Major Players: American Vanguard Corporation, Andermatt Biocontrol, Arysta LifeScience, BASF SE, Bayer CropScience AG, Bioworks Inc., Certis USA LLC, De Sangosse Ltd, Dow-DuPont Inc., FMC Corporation, Koppert Biological Systems, Lallemand Inc., Marrone Bio Innovations Inc., Monsanto BioAg, Seipasa, Stockton, Syngenta AG, Valent Biosciences Corporation, list not exhaustive.
Reasons to Purchase the Report
To have an understanding of the fastest growing countries in the Latin America bio pesticide and growth trends during the forecast period
The report outlines drives, restraints, and trends that are currently effecting the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The report covers in-detail insights about the competitors’ overview and company share analysis
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
EPA defines biopesticide as certain types of pesticides, derived from such natural materials as animals, plants, bacteria, and certain minerals. The study takes into consideration both microbial as well as organic pesticides. The Latin America biopesticide market is segmented by product, formulation, ingredient type, mode of application, crops of application, and geography. By product biopesticides are sub segmented into bioherbicide, bioinsecticide, biofungicide, others. By ingredient type market was sub segmented into microbial pesticides, plant extracts, bio-derived compounds and the sub segments of crops of application are grains & cereals, oilseeds & pulses, fruits & vegetables, commercial crops, turf & ornamental grass.
The Major Market Share Sub Segment - Bioinsecticides
The Latin America market for bioinsecticides was valued at USD 196.5 million in 2017. Bioinsecticides hold around half of the market share. Over 6,000 plant species have been identified, which possess insecticidal properties. In insect pest management, a number of plant products derived from neem, custard apple, tobacco, pyrethrum, etc., have been used as safe insecticides. Bacillus thuringiensis (Bt) is the most explored and commercially successful microbial insecticide.
Growing Demand for Food Safety and Quality
Consumers have become more aware of products they consume and scrutinize the safety and quality of food products. Being less harmful than synthetic pesticides, biopesticides typically affect only the target pest and other organisms closely related to it, as against broad-spectrum conventional pesticides, which can be harmful to other organisms, such as birds, insects, and mammals. Biopesticides has capability to rapidly decompose without leaving any noxious residues and are less detrimental to humans, animals, and the environment. So, when farmers use biopesticide in agricultural land, it lessens the chance of toxicity that comes indirectly from synthetic pesticide usages. Recent changes to legislations in Latin American countries, have paved the path for the development and greater adoption of biopesticide over synthetic pesticide.
Low Shelf Life
Storage of biopesticides requires special facilities, along with skills, which most producers, shopkeepers, and farmers do not possess, especially in the developing parts of the world. Since biopesticides often contain living material, the products have reduced shelf lives. Also, their efficacy is often variable, due to the influence of various biotic and abiotic factors. Shelf life is the end result of several factors, like production technology, carrier and packaging material used, and the mode and distance of transport.
Key Developments of Latin America Biopesticide Market
May 2016 – There approval applications for biopesticide products has been increasing immensely from recent years.
Sep 2016 – The biopesticide regulatory body has approved the registration of biopesticide Rutastar in Latin America.
Major Players: American Vanguard Corporation, Andermatt Biocontrol, Arysta LifeScience, BASF SE, Bayer CropScience AG, Bioworks Inc., Certis USA LLC, De Sangosse Ltd, Dow-DuPont Inc., FMC Corporation, Koppert Biological Systems, Lallemand Inc., Marrone Bio Innovations Inc., Monsanto BioAg, Seipasa, Stockton, Syngenta AG, Valent Biosciences Corporation, list not exhaustive.
Reasons to Purchase the Report
To have an understanding of the fastest growing countries in the Latin America bio pesticide and growth trends during the forecast period
The report outlines drives, restraints, and trends that are currently effecting the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The report covers in-detail insights about the competitors’ overview and company share analysis
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
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