The global biopesticides market is expected to grow at a CAGR of 16.1% from 2019 to 2025 to reach $10.24 billion by 2025. In terms of volume, the market is expected to grow at a CAGR of 9.9% from 2019 to 2025 to reach 221.9 million kg by 2025.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. The factors such as increasing investment from leading crop protection companies in biopesticides space, growing awareness about environmental safety with use of biopesticides, growing organic farming & demand for organic food, and increasing government initiatives to promote the use of biopesticides across the globe are driving the growth of the global biopesticides market. However, factors such as lack of awareness & low adoption of biopesticides in certain regions, low shelf life & inconsistent performance of biopesticides, and various challenges to new entrants & small companies are expected to hinder the growth of the biopesticides market.
Based on type, bioinsecticides segment is estimated to command the largest share of the overall biopesticides market in 2019. The large share of this market is mainly attributed to growing awareness regarding environmental hazards due to chemical insecticides, high prevalence of insect-based infections, and rise in number of resistant pests.
Based on origin, microbial biopesticides segment is estimated to command the largest share of the overall biopesticides market in 2019. As microbial origin pesticides are composed of naturally occurring viruses, fungi, or bacteria, they are mostly preferred for organic and residue free food production. Further, the factors such as higher advantage of selectivity; high affectivity; no adverse effects on human, plants, and animals; and ease of use are responsible for the rapid adoption of the microbial biopesticides.
An in-depth analysis of the geographical scenario of the biopesticides market provides detailed qualitative and quantitative insights about the six major geographies (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) along with the coverage of major countries in each region. North America is estimated to command the largest share of the overall biopesticides market in 2019, followed by Europe, Asia-Pacific, South America, and Middle East and Africa. The large share of this market is mainly attributed to the rising concerns over harmful chemicals on environment, increasing demand for organic food, and presence of streamlined registration process. Also, the presence of large number of key players in the region and growing adoption of eco-friendly farming methods by farmers further supports the growth of the North American biopesticides market.
Key players operating in the global Biopesticides market are BASF SE, Bayer CropScience AG, Marrone Bio Innovation, Certis USA L.L.C., The Dow Chemical Company, Monsanto Company (Part of Bayer), Isagro S.P.A., Camson Bio Technologies Limited, Andermatt Biocontol AG, Som Phytopharma India Limited, Syngenta, International Panaacea Ltd, The Stockton Group, BioWorks, Inc., Novozymes, Inc., Koppert B.V., W. Neudorff GMBH KG, Invivo Agrosciences, Valent U.S.A. LLC, and FMC Corporation among others.
Scope of the Report:
Biopesticides Market, by Type
Biopesticides Market, by Application
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Root Treatment
Biopesticides Market, by Formulation
- Liquid Formulation
- Dry Formulation
Biopesticides Market, by Origin
- Plant Incorporated Protectant
Biopesticides Market, by Crop Type
- Fruits and Vegetables
- Grains, Cereals, and Oilseeds
- Other Crops
Biopesticides Market, by Geography
- North America
- ·Rest of Europe
- ·Rest of Asia-Pacific
- Rest of the World
- ·South America
Rest of South America
- Middle East & Africa