North America Biopesticides Market - Growth, Trends and Forecasts (2020 - 2025)

The North American biopesticides market (henceforth, referred to as the market studied) is witnessed to register a CAGR of 13.8% over the forecast period (2020 - 2025). The increasing support and encouragement of the government and implementation of the IPM (Integrated Pest and Management) programs are driving the market growth. The increasing importance of organic farming and the consumption of organic products are other factors propelling the market growth in the region. The United States is the largest consumer of the market studied, and the Environment Protection Agency (EPA) is responsible for encouraging the growth, development, and functioning of biopesticides in the region.

Key Market Trends

United States as the Major Biopesticide Market in North America

The United States forms the largest biopesticides market in North America, and the demand from Canada is likely to register faster growth over the 2020-2025 period. Crop-based applications account for the largest share of biopesticides in the region, as the need for organic products and the decreasing efficacy of synthetic pesticides are contributing to the market growth. The country has the world’s largest organic food market. In 2018, the sales of organic food reached USD 45.8 billion, which is an increase of 5.8% as per the Organic Industry Survey by the Organic Trade Association. This large organic market inflates the consumption of biopesticides. In the United States, vegetable, cereal, and oilseed production consume more than half of the biopesticides. The United States is the biggest user of biopesticides in the region, followed by Mexico and, then Canada, where there is less prevalence of pests. The growth of the organic market is expected to boost the biopesticides market during the forecast period.

Easy Registration Procedure

Given that biopesticides tend to pose fewer risks than chemical pesticides, the EPA generally requires fewer data to register a biopesticide than to register a chemical pesticide. As a result, new biopesticides are often registered in less than a year, compared to an average of more than three years for chemical pesticides. To promote the use of biopesticides, North America has simplified the requirement for the registration of it. For instance, In North America, the United States leads the way with the most streamlined biopesticide regulations. The manufacturers are encouraged to register their biopesticide products with the appropriate regulatory body. Harmonization with Canada has had little success.

Competitive Landscape

In the market studied, companies are not only competing based on product quality and promotion but are also focused on strategic moves, to hold larger market shares. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market studied. The companies compete on new product launches and also focus on strategic moves, to acquire larger market shares. The results of the market share analysis indicate a highly fragmented market. The major players include - Valent Biosciences Corporation, Certis USA LLC, Bayer Cropscience AG, and Corteva Agriscience. The players in the market studied are investing heavily in this market, to diversify their biological research divisions in the expanding market place.

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