The European biopesticides market is expected to register a CAGR of 11.3% during the forecast period (2020-2025

). Biopesticides are certain types of pesticides that are derived from natural materials, such as animals, plants, bacteria, and certain minerals. Of all the countries, Spain accounted for the largest share and Germany is expected to record the fastest growth.

New York, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Europe Biopesticides Market - Growth, Trends, and Forecast (2020 - 2025)" - https://www.reportlinker.com/p05989437/?utm_source=GNW
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.

The biofungicide segment of the market is the largest segment among other products in the region. The rising awareness over the harmful impacts of chemicals and the supportive policies of the government for biological control of pests are driving the growth of bio fungicides in the region.

Bayer Cropscience AG, BASF SE, Corteva Agriscience, and Sumitomo Chemical Co. Ltd (Philagro) are some of the prominent players who are operating in the market.

Key Market Trends
Biofungicides Segment Dominates the Market

The quick decomposition and pollution, and the residue levels associated with synthetic pesticides that drive the bio fungicides 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. Important commercial biofungicides available in the market protect against pathogens, such as Pythium, Rhizoctonia, Fusarium, Sclerotinia, Thielaviopsis, Botrytis, and powdery mildew.

Strong funding by the private and public sectors toward the research of microbial and plant extracts having biocidal properties, especially for their usage on a wide spectrum of field crops, is expected to drive the growth of the market over the years. For instance, in 2020, Eden Research, the United Kingdom, announced that its foliar bio fungicide product Mevalone received certification for use in organic farming in Italy and Spain.

Increased Practice of Organic Farming

There is growing consumer demand for opting for organic food instead of conventional food, to avoid adverse health effects caused by chemical preservatives is shifting growers toward organic cultivation that uses biopesticides instead of chemicals. Increased concern about the environment has paved the way for the use of bio-based pesticides. According to the FBI statistics, the organic area in Europe has increased from 13.5 million hectares in 2016 to 15.6 million hectares in 2018.

Increasing the cost of chemical fertilizers and push from governments for sustainable farming are enabling the farmers to adopt organic farming practices. After the initiatives by the regulatory system, the biopesticide usage number has been increased. In Europe, 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.

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 consolidated market. The major players include - Valent Biosciences Corporation, Koppert BV, LLC, Bayer Cropscience AG, and Syngenta.

Bayer Crop Science AG is expanding its presence by partnering with others for distribution of its biocontrol products and launching its new innovative biocontrol products. For instance, in Apr 2017, Bayer launched biological nematicide BioAct Prime DC in Greece to further strengthen the market share.

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