HOME Research Insight Agreements, Collaborations, Partnerships, and Joint Ventures were the Major Strategies Adopted by Players to Achieve Growth and Expand their Presence in the Global Biopesticides Market

Agreements, Collaborations, Partnerships, and Joint Ventures were the Major Strategies Adopted by Players to Achieve Growth and Expand their Presence in the Global Biopesticides Market

The biopesticides market is projected to reach USD 6.60 Billion by 2022, at a CAGR of 15.43% from 2017 to 2022. The market has been growing at a significant rate due to the growth of the organics industry, the rise in the cost of chemical pesticides, and increase in awareness regarding hazards caused by chemical pesticides. Increased pest resistance has led to the development of a new approach to pest control known as integrated pest management (IPM), which also contributes to the growth of the global biopesticides market.

Companies such as BASF (Germany), Bayer (Germany), Monsanto BioAg (US), Certis (US), and BioWorks (US) have been focusing on technological innovations for providing growers with sustainable alternatives to chemical pesticides which control resistant pests, provide harvest solutions, and improve the crops’ marketability.  Apart from these companies, other biopesticides companies include Marrone Bio Innovations (US), Koppert (Netherlands), Arysta LifeScience (US), Valent BioSciences (US), Stockton Group (Israel), Isagro (Italy), and Camson Bio Technologies (India), which have been strengthening their market position through product launches and distribution & technology agreements.

Agreements, collaborations, partnerships, and joint ventures were the major strategies adopted by players to achieve growth and expand their presence in the global biopesticides market. Companies such as Marrone Bio Innovations (US) and Bayer (Germany) entered into various distribution agreements for expanding their distribution reach in regions such as Central America and Africa. Research agreements and collaborations were adopted for the discovery and development of a variety of biologically active ingredients.

Bayer is a key player in the global biopesticides market. The company constantly upgrades its crop protection portfolio by adding innovative products which help in enhancing crop yield and crop quality. It offers a broad range of integrated crop protection solutions based on seeds, traits, and combined chemical crop protection and biological control. It has a technological platform to support biological crop protection. In April 2017, Bayer’s biological nematicide—BioAct Prime DC-obtained regulatory approval to be sold in Greece. In October 2014, Bayer signed a distribution agreement with Belchim Crop Protection (Belgium) for Belchim’s biological fungicide named Contans WG.

BASF has been employing effective strategies to ascertain a considerable market share in the biological crop protection segment. It leverages its strong R&D capabilities for the development of new products to cater to the needs of modern agriculture. In order to expand its presence in the agricultural biologicals market, BASF acquired Becker Underwood (US) for USD 1.2 billion in November 2012. It focuses on geographic expansions, especially in the emerging markets of the Asia Pacific and African regions. In April 2016, BASF established a new R&D center in Limburgerhof, Germany. This center would facilitate research in the field of biological crop protection and seed solutions.

Related Reports:

Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bioherbicides, Bionematicides), Source (Microbes, Biochemicals, Beneficial Insects), Mode of Application, Formulation, Crop Type, and Region - Global Forecast to 2022

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