Overview and Scope
The biopesticides include certain types of pesticides derived from natural materials such as animals, plants, bacteria, and certain minerals. Biopesticides are biological, natural substances that manage a wide range of agricultural pests found in forests, gardens, and farmlands. This includes plant-incorporated protectants, biochemical pesticides, and microbial pesticides.
Sizing and Forecast
The biopesticides market size has grown rapidly in recent years. It will grow from $6.2 billion in 2023 to $7.4 billion in 2024 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to growth in awareness about the environmental and health impacts, increase in government regulations, expansion of organic farming, investments in research and development, rise in disposable income.
The biopesticides market size is expected to see rapid growth in the next few years. It will grow to $14.46 billion in 2028 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to rise in agriculture sector, growing global population, rising demand for hygiene and quality food, economic growth. Major trends in the forecast period include precision agriculture integration, digital technologies, market consolidation and partnerships.
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Segmentation & Regional Insights
The biopesticides market covered in this report is segmented –
1) By Type: Bioinsecticides, Biofungicides, Bionematicides, Bioherbicides, Other Types
2) By Source: Microbials, Biochemicals, Beneficial insects
3) By Formulation: Liquid Formulation, Dry Formulation
4) By Mode Of Application: Seed TreATMent, Soil TreATMent, Foliar Spray, Other Mode Of Applications
Top Major Players:
BASF SE
Syngenta AG
Bayer AG
Marrone Bio Innovations Inc
Novozymes A/S
North America was the largest region in the biopesticides market in 2023.
North America was the largest region in the biopesticides market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the biopesticides market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising demand for organic food is expected to propel the growth of the biopesticides market going forward. During the COVID-19, the demand for organic food has increased as buyers perceived it as healthier and good for immunity. Biopesticides are composed of toxins found in living organisms that are harmful to pests that attack plants but have no effect on the plant itself, therefore reducing soil pollution and erosion. As a result, biopesticides are used in organic crop production. For instance, in 2023, according to the Organic Industry Survey released by the Organic Trade Association, a U.S-based organization, Organic food sales in the United States in 2022 broke through $60 billion for the first time, hitting another high-level mark for the resilient organic sector. . Therefore, the rising demand for organic food will drive the biopesticides market growth.
Key Industry Players
Major companies operating in the biopesticides market include BASF SE, Syngenta AG, Bayer AG, Marrone Bio Innovations Inc., Novozymes A/S, Koppert B.V., FMC Corporation, International Panaacea Limited, Som Phytopharma India Limited, BioWorks Inc., Valent Biosciences LLC, Andermatt Biocontrol AG, Isagro S.p.A., Certis USA LLC, DowDuPont Inc., The Stockton Group Ltd., InVivo Group, Vegalab S.A., Biobest Group NV, STK Bio-ag technologies Ltd., Bionema Limited, Corteva Inc., Sumitomo Chemical Co. Ltd., Omnia Holdings Limited, Amit Biotech Private Limited, Agbiochem Inc., AgBiTech Pty Ltd., Arbico Organics, Arysta LifeScience Limited, Stoller Enterprises Inc., Terramera PlantHealth, Aphea.Bio NV, Pluton Biosciences Inc., Phoreus Biotech Inc., Provivi Inc., Vestaron Corporation, Agragene Inc., Phytelligence Inc., Symbiota Inc.
The biopesticides market report table of contents includes:
1. Executive Summary
2. Biopesticides Market Characteristics
3. Biopesticides Market Trends And Strategies
4. Biopesticides Market – Macro Economic Scenario
5. Global Biopesticides Market Size and Growth
…
31. Global Biopesticides Market Competitive Benchmarking
32. Global Biopesticides Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Biopesticides Market
34.Biopesticides Market Future Outlook and Potential Analysis
35. Appendix
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