[196 Pages Report] The Biopesticides Market size was estimated at USD 6.12 billion in 2023 and expected to reach USD 7.13 billion in 2024, at a CAGR 17.01% to reach USD 18.39 billion by 2030.
Biopesticides are naturally occurring compounds or agents obtained from animals, plants, and microorganisms such as bacteria, cyanobacteria, and microalgae and control agricultural pests and pathogens. The use of biopesticides is more advantageous than the use of traditional chemical pesticides, as they are eco-friendly and host-specific. Biopesticides are components of integrated pest management (IPM) programs and have received much practical attention as substitutes for synthetic chemical plant protection products (PPPs). Moreover, the growing demand for organic farming and organically grown food and the rising importance of biopesticides in IPM are increasing the adoption of biopesticides. However, high product costs and the availability of counterfeit products significantly impede biopesticides’ utilization. In addition, rapid growth in bio-control seed treatment solutions and using essential oil-based insecticides in organic agriculture create robust opportunities for developing biopesticides.
Type: Increasing use of bioinsecticides in farming to control insects and contamination in soil
Increasing resistance to various chemical fungicides is anticipated to raise the demand for alternative efficient products, including bio-fungicides, in the forthcoming years. Moreover, the regulatory ban or limitation on using some active ingredients for producing chemical agri-inputs is expected to be a profitable factor for product growth. Considering the economic losses, industry stakeholders are vigorously exploring opportunities to identify biological pesticides such as bioinsecticides, bionematicides, and bioherbicides that effectively control the pathogenic nematode, which is expected to fuel the market growth in the near future.
Source: Rising growth of microbial based biopesticides to protect plants
Beneficial insects consume large quantities of mites, aphids, and other arthropods that feed on various plants. Microbes enhance nutrient uptake and encourage the development of the residential microbiota of plants. Microbes containing biopesticides are popularly used to protect crops from plant pathogens in various cultivated environments such as fields, nurseries, and protected cultivation systems. Plant extract-based pesticides act differently depending on the types of plant pathogens and pests and can be applied to the plant in the same way as conventional pesticides.
Form: Growing preference for liquid formulated biopesticides as they allow uniform spread over large areas
Liquid formulated pesticides significantly contribute to the growth of the market owing to their easy-to-apply property. Additionally, rise in the growth of foliar mode of application is driving the demand for liquid formulations. Liquid formulations that are usually sprayed are convenient and easy to use, leading to the even application of biopesticides. They are more efficient than dry and suspension concentrate forms as the active microbial ingredients are more viable in liquid formulations; thus, the liquid formulations segment is projected to grow faster during the forecast period.
Crop: Increasing cultivation of cereals & grains boost the utilization of biopesticides
The increasing cultivation of cereals & grains and the high profit from the cultivation of organic cereals boost the utilization of biopesticide. The expanding area under the cultivation of organic fruits & vegetables owing to rising awareness regarding the usage and long-term benefits of the product due to their eco-friendly and economic nature increases the utilization of biopesticides for producing various high-value crops.
Application: Significant role of biopesticides in foliar spray to prevent plant diseases
The application of biopesticides through a foliar spray can result in the rapid growth of seedlings after germination. Foliar spray treatment is an easy-to-apply method that can act as a curative and preventive treatment for specific plant diseases and deficiencies. Moreover, crop protection agricultural biologicals are extensively used in seed treatment to complement the chemical agri-inputs. Biopesticides used for seed treatment are gaining popularity among farmers owing to the increasing awareness regarding microbe-based agricultural product treatment for reinstating the microbial variety and improving the seed quality.
Regional Insights
Growing demand for food safety, quality, and sustainable food production is fueling the adoption of ecologically friendly pest control solutions in the agriculture sector across North America, Europe, and Asia-pacific. North America has shown remarkable growth due to stringent rules and regulations posed by the U.S. Environmental Protection Agency regarding using synthetic crop protection chemicals to protect the environment from hazardous effects. The rigorous search for greener inputs for crop cultivation and a strong focus on utilizing microbe-based pesticides for yield-enhancements and pest-resistance improvements is expected to positively impact the market growth and product demand across the regional marketplace. In the Asian agriculture sector, the need for biopesticides is high due to high crop productivity and production with high quality, evolving agricultural practices, and precision farming taking place in countries such as China and India. Row crops such as wheat, soy, and rice are witnessing greater utilization of these biopesticides to increase their crop yield in an eco-friendly manner across the Asia-Pacific region. Furthermore, Europe is exhibiting gradual growth in the use of the product, among which France is one of the fastest-growing users, with the French government’s adoption of the efficient regulatory framework and drug approval system. The French Agency for Food, Environmental, and Occupational Health & Safety (ANSES) completes the review of biological control products such as biopesticides within six months. This timeframe is much faster than the rest of the European Union and helps the companies efficiently market their products.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Biopesticides Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Biopesticides Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Biopesticides Market, highlighting leading vendors and their innovative profiles. These include Agri Life, BASF SE, Bayer AG, Bionema Limited, BioSafe Systems, LLC, BioWorks, Inc., Certis U.S.A. LLC, Emery Oleochemicals LLC, Enviro Bio Chem (Pty) Ltd., FMC Corporation, Gowan Company, LLC, Hexa Agro Industries, Innatrix Inc., Kimitec Group, Koppert B.V., Marrone Bio Innovations, Inc., Novozymes A/S, Nufarm Ltd., Procare Crop Science, SEIPASA, S.A., Solvay S.A., STK Bio-AG Technologies, SummitAgro USA LLC, Syngenta Group, Valent BioSciences LLC, Vegalab SA, and Vestaron Corporation.
Market Segmentation & Coverage
This research report categorizes the Biopesticides Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Biofungicides
- Trichoderma Harzianum
- Trichoderma Viride
- Bioinsecticides
- Bacillus Thuringiensis
- Beauveria Bassiana
- Metarhizium Anisopliae
- Verticillium Lecanii
- Bionematicides
- Bacillus Firmus
- Paecilomyces Lilacinus
- Biofungicides
- Source
- Beneficial Insects
- Microbials
- Plant Extracts
- Form
- Dry
- Liquid
- Suspension Concentrate
- Crop
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Application
- Foliar Spray
- Post-Harvest
- Seed Treatment
- Soil Treatment
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Biopesticides Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Biopesticides Market?
- What are the technology trends and regulatory frameworks in the Biopesticides Market?
- What is the market share of the leading vendors in the Biopesticides Market?
- Which modes and strategic moves are suitable for entering the Biopesticides Market?
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