The global biopesticides market reached a value of US$ 3.5 Billion in 2019. A biopesticide refers to an organic pest repellent that is manufactured using naturally occurring substances, such as plants, microbes and biochemicals. Bioherbicides, bioinsecticides and bio fungicides are some of the most commonly used biopesticide products. They aid in controlling the growth of weeds, pests and insects on crops and are usually applied through foliar spray or directly added into the soil for the treatment of crops. In comparison to the traditionally used synthetic pesticides, biopesticides are inherently less toxic, provide permanent or long-term control of pests and are highly efficient even when applied in minimal quantities.
Significant growth in the agriculture industry, along with the increasing adoption of organic farming practices, represent as the key factors driving the growth of the market. Owing to the growing concerns for soil health, agricultural sustainability and environmental safety, biopesticides are being increasingly used to improve soil fertility and prevent plant infestation. Furthermore, increasing consumer awareness regarding the adverse environmental effects of using synthetic pesticides and other agricultural additives is also providing a boost to the market growth. Artificial pesticides and fertilizers are known to leave a toxic residue, which can cause microbial imbalance, soil pollution and reduce the levels of biocontrol agents in the soil. Additionally, shifting consumer preference toward organic food products manufactured using chemical-free ingredients is creating a positive impact on the market growth. Other factors, such as innovations in the field of agricultural sciences and the implementation of favourable government policies to promote sustainable farming practices, are projected to drive the market in the upcoming years. Looking forward, IMARC Group expects the market to reach a value of US$ 7.8 Billion by 2025, registering a CAGR of 14.5% during 2020-2025.
Breakup by Product:
Breakup by Formulation:
Breakup by Source:
Breakup by Mode of Application:
Breakup by Crop Type:
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being BASF, Bayer Cropscience, Certis USA LLC, FMC Corporation, Isagro, Koppert B.V., Marrone Bio Innovations, Novozymes Biologicals, Stockton (Israel) Ltd., Syngenta, The Dow Chemical Company, Valent BioSciences Corporation, etc.
Key questions answered in this report:
How has the global biopesticides market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the formulation?
What is the breakup of the market based on the source?
What is the breakup of the market based on the mode of application?
What is the breakup of the market based on the crop type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global biopesticides market and who are the key players?
What is the degree of competition in the industry?