The Brazil biopesticides market exhibited strong growth during 2015-2020. Biopesticide refers to an agricultural product that is manufactured by using various naturally occurring substances, such as plants, microbes, biochemicals, etc. Some of the common product variants include bioherbicides, bio-fungicides, and bioinsecticides. In comparison with their chemical-based counterparts, biopesticides are lesser toxic, provide long-term control of pests, and offer higher efficiency even when applied in minimal quantities. As a result, these products find extensive applications in foliar spray, seed treatment, soil treatment, and post-harvest procedures.
In Brazil, the expanding agriculture industry along with the rising demand for plant-based food products is augmenting the market growth. Furthermore, the growing popularity of organic farming methods due to the increasing consumer concerns towards negative health impact of chemical-based pesticides is also propelling the product demand. Additionally, the limited availability of agricultural farms across the country is also driving the need for biopesticides for improving soil fertility and enhancing crop yield. In line with this, the rising focus by the Ministry of Agriculture, Brazil, on promoting agricultural sustainability and maintaining environmental safety is further bolstering the product demand in Brazil. A number of training programs are being conducted to educate the farmers about the adverse impact of chemical fertilizers that may lead to microbial imbalance, soil pollution, and reduced levels of biocontrol agents in the soil in the country. Furthermore, the introduction of favorable government policies to promote sustainable and organic farming practices is also bolstering the demand for biopesticides in Brazil. In the coming years, extensive R&D activities in the field of agriculture sciences to manufacture safe and clean product variants are expected to drive the market for biopesticides in Brazil. Looking forward, IMARC Group expects the Brazil biopesticides market to grow at a CAGR of around 9% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Brazil biopesticides market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on product type, formulation, source, mode of application and crop type.
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The competitive landscape of the industry has also been examined with some of the key players being AMVAC Chemical Corporation., Andermatt Biocontrol AG, BASF SE, Bayer AG, Corteva Agriscience, FMC Corporation, Koppert Biological Systems, Marrone Bio Innovations. and Valent Biosciences LLC
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