The Global Biopesticides Market Size is valued at 6.27 billion in 2022 and is predicted to reach 20.78 billion by the year 2031 at a 14.47% CAGR during the forecast period for 2023-2031.
The biopesticides market is a rapidly growing sector of the agrochemical industry that includes products derived from natural sources such as plants, bacteria, and fungi. Biopesticides are an environmentally friendly alternative to traditional synthetic pesticides, as they offer targeted pest control and minimal negative impact on non-target organisms and the environment.
The increasing demand for organic food, growing awareness about the harmful effects of synthetic pesticides on human health and the environment, and favorable government regulations promoting the use of biopesticides are the key drivers of biopesticides market growth. The biopesticides Industry is a promising sector with tremendous growth potential, driven by increasing consumer awareness of health and environmental concerns and the need for sustainable agricultural practices.
However, biopesticides are often more expensive than synthetic pesticides, which can make them less accessible to farmers, especially in developing countries where farmers may have limited financial resources.
Recent Developments:
- In March 2020, Marrone Bio Innovations, a leader in creating efficient, secure integrated pest management (IPM) solutions, and Anasac, a renowned biotechnology business, signed a contract. The development and distribution of the bioinsecticides Venerate and Grandevo in Chile are the goals of this cooperation.
- In August 2019, Bayer AG, a prominent pharmaceutical and life sciences corporation, and Certis USA LLC, a leading manufacturer and supplier of powerful biopesticides and conventional chemical pesticides, announced a partnership. The distribution of the requiem prime bioinsecticide in the United States is the goal of this partnership.
Competitive Landscape:
Some of the Biopesticides market are players:
- Agrolink
- Andermatt Biocontrol AG
- BASF SE
- Bayer AG
- Bio Intrant
- Biobest NV
- Bionema
- Bioworks Inc.
- CairoChem
- Certis Biologicals
- Chema Industries
- Corteva Agriscience
- FMC Corporation
- Indigo Ag
- IPL Biologicals Ltd.
- Isagro S.P.A (Italy)
- Koppert Biological Systems
- Marrone Bio Innovations (US)
- Novozymes A/S
- Nufarm
- Seipasa SA
- SOM Phytopharma India Ltd.
- STK Bio-Ag Technologies
- Syngenta AG
- UPL Limited
- Valent Biosciences LLC
- Vegalab S.A
Market Segmentation:
The Biopesticides market is segmented based on type, crop type, formulation, source, and mode of application. Based on type, the market is categorized into Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, and Other Biopesticides. Based on crop type, the market is categorized into cereals & grains (corn, wheat, rice, and other cereals & grains), oilseeds & pulses) soybean, sunflower and other oilseeds & pulses), fruits & vegetables (root & tuber vegetables, leafy vegetables, pome fruits, berries, citrus fruits, other fruits & vegetables) and other crop types. Based on formulation, the market is categorized into liquid (emulsifiable concentrates, suspension concentrates, soluble liquid concentrates) and dry (dry granules, water-dispersible granules and wettable powders). Based on source, the market is categorized into microbial, biochemical and beneficial insects. Based on the mode of application, the market is categorized into seed treatment, soil treatment, foliar spray and other modes of application.
Based On Formulation, The Liquid Formulations Segment Is Accounted As A Major Contributor To The Biopesticides Market
The liquid formulations are anticipated to dominate the biopesticides market. Liquid formulations offer several advantages over other formulations, such as ease of application, uniform distribution, and better penetration of plant tissues, which can lead to improved pest control. In addition, liquid formulations are easier to mix and apply than other formulations, such as dust or granular formulations, and this can help farmers save time and labor costs. Furthermore, liquid formulations can be customized to target specific pests or diseases, improving their effectiveness in controlling and minimizing the impact on non-target organisms.
The Microbial Biopesticides Segment Witnessed Growth At A Rapid Rate
Microbial biopesticides are anticipated to dominate the biopesticides market in terms of end-users during the forecast period. Regulators favor microbial biopesticides because they are safe for human health and the environment. This has led to favorable government policies and increased research and development. Furthermore, the increasing demand for organic and sustainable food production practices is expected to drive the microbial biopesticides market expansion in the coming years. Overall, the advantages of microbial biopesticides, coupled with the growing demand for sustainable agriculture practices, are expected to drive the microbial biopesticides market demand in the coming years.
The North American Biopesticides Market Holds A Significant Revenue Share In The Region
North America is currently the dominant biopesticide market and is expected to maintain its position in the coming years. The region is home to several major biopesticide manufacturers and has a well-established regulatory framework supporting its development and use. Canada is another significant market for biopesticides in North America, driven by the growing demand for organic and sustainable agricultural practices. The Canadian government has also implemented several policies and programs to promote the use of biopesticides, such as the Pest Management Regulatory Agency's Biopesticides Program. Overall, the well-established regulatory framework, growing consumer demand for organic and natural foods, and favorable government policies are expected to continue to drive the growth of the biopesticides market in North America in the coming years.
Biopesticides Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 6.27 Bn |
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Revenue forecast in 2031 |
USD 20.78 Bn |
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Growth rate CAGR |
CAGR of 14.47% from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, Volume (KT), and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Type, Crop Type, Formulation, Source, And Mode Of Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
BASF SE, Bayer AG, Syngenta AG, UPL Limited, Novozymes A/S, CairoChem, Certis Biologicals, FMC Corporation, FMC Corporation, Nufarm |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
In addition, Asia Pacific is expected to be the fastest growing biopesticide market in the coming years. The Asia Pacific region has a large agricultural sector, and the demand for biopesticides is increasing due to the growing concerns over the harmful influences of chemical pesticides on human health and the environment. In addition, the increasing demand for organic and sustainable agricultural practices is driving the growth of the biopesticides market in the region.
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