Biopesticides Market Size, Share & Trends Analysis Report by Crop Type (Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types), by Formulation Type (Liquid Formulation, Dry Formulation), by Source (Microbial Pesticides, Biochemical Pesticides, Plant-Incorporated Protectants), by Mode of Application (Seed Treatment, Soil Treatment, Foliar Spray, Other Modes of Application), by Product (Bio Insecticides, Bio Fungicides, Bio Herbicides, Bionematicides), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
|Forecast Years for Biopesticides Market:||2022 - 2028|
|Historical Years for Biopesticides Market:||2016 - 2021|
|Revenue 2021 for Biopesticides Market:||USD 5.2 Billion|
|Revenue 2028 for Biopesticides:||USD 12.2 Billion|
|Revenue CAGR (2022 - 2028) for Biopesticides Market :||15.3%|
|Fastest Growing Region (2022 - 2028) for Biopesticides Market:||Asia Pacific|
|Largest Region (2021) for Biopesticides Market:||North America|
The Global Biopesticides Market was valued at USD 5.2 Billion in 2021 and is forecast to reach a value of USD 12.2 Billion by 2028. The Global Market is anticipated to grow to exhibit a CAGR (Compound Annual Growth Rate) of 15.3% over the forecast period. The demand for biological pesticides rises as organic food and agriculture spread around the globe, fueling the expansion of the Biopesticides Market. Farmers worldwide are increasingly using biopesticides to minimize crop deterioration caused by chemical pesticides, as well as to address growing environmental concerns. Consumers are supporting alternatives to chemical-based agriculture as they become more aware of the chemicals used in food production and the possible risks of chemical residue on their health.
Hazardous chemical pesticides can be categorized as teratogenic (can cause congenital disabilities), neurotoxic (can damage the brain), or carcinogenic (can cause cancer) based on their possible effects on human health (can cause damage to a fetus). This is encouraging farmers to practice organic farming, which in turn is increasing the demand for biopesticides. Furthermore, agro-product advancements, such as plant extract-based and essential oils solutions, aid in disease control. They can potentially improve the efficacy of biopesticides for integrated pest management (IPM) programs for a wide range of crops worldwide. This drives the Biopesticides Market's expansion.
Synthetic fertilizers and pesticides are known to leave a hazardous residue that can disrupt the microbial balance, pollute the soil, and lower the concentrations of biocontrol agents. To minimize the harm of fungicides and disease-causing microorganisms, extremely effective b fungicides have been developed due to technological breakthroughs.
Bio Fungicides are living creature formulations that limit the activity of harmful plant fungi and bacteria. In addition, the opportunities for the biopesticides market have been created by increased investments in developing a strong agriculture industry. The demand for more productive cash and food crops is anticipated to drive growth in the Global Biopesticides Market.
It is projected that the non-toxic properties of biopesticides, along with their inherent capacity to improve soil fertility, will expand their market share globally. Additionally, the availability of agricultural research and development courses at various colleges and research organizations greatly increases public knowledge of biopesticides, driving the growth of the Biopesticides Market.
However, factors like poor shelf-life & inconsistent performance, low shelf-life & low acceptance rate of biopesticides are anticipated to partially restrain the growth of the Biopesticides Market. Additionally, due to the lower manufacturing costs of synthetic pesticides, the growth of the Global Biopesticides Market could be constrained during the forecasted period.
Top Market Trends
- The demand for biological pesticides rises as organic food and agriculture spread around the globe, fueling the expansion of the Biopesticides Market.
- In 2021, the fruits and vegetable segment is estimated to register the highest growth in the market, about 55%.
- In 2021, the bio fungicides segment recorded the highest share in the Biopesticides Market at 43%.
- The market for Biopesticides is fragmented due to numerous local and international businesses that control industry development.
- To enhance the market, biopesticide manufacturers are developing new products and cooperating with well-known brands. They also prepare items following regional climatic variances.
The Biopesticides Market is segmented based on Crop Type, Formulation Type, Source, Mode of Application, Product, and Region. Based on the Crop Type, the market is segmented as Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others (Including Nursery and Turf). In addition, based on the Formulation Type, the market is further bifurcated into Liquid Formulation and Dry Formulation. Furthermore, based on the Source, the market is further divided into Microbial Pesticides, Biochemical Pesticides, and Plant-Incorporated Protectants. In addition, based on the Mode of Application, the market is further bifurcated into Seed Treatment, Soil Treatment, Foliar Spray, and Other Modes of Application. Additionally, based on the Product, the market is bifurcated into Bioinsecticides, Bio Fungicides, Bioherbicides, Bionematicides, and Others (including Plant Growth Regulators).
Below tree is interactive. You can click the nodes to get more information.
The Fruits & Vegetables category dominated the market in 2021
The Fruits & Vegetables category is anticipated to experience the fastest growth during the forecast period. Farmers are under pressure to switch to a sustainable agricultural practice due to the shift in eating patterns. The cost of growing fruits and vegetables is rising, and the demand for biopesticides is rising because of the massive infestation of Fruits & Vegetables in greenhouses and open fields. Additionally, farmers are implementing the usage of Biopesticide in conjunction with conventional chemicals to meet the export demand for residue-free crops. As global consumer food habits change, farmers in many nations are converting to sustainable farming practices. The sector is increasing due to rising interest in eating healthily and rising demand for organic fruits and vegetables. Therefore, the growing popularity of organic foods is encouraging farmers to use biopesticides.
Based on Product:
Bio Fungicides category dominated the market in 2021
The Bio Fungicides segment is anticipated to represent the highest share of the Global Biopesticides Market in 2021. Bio Insecticides are being more widely used due to rising pest resistance and a revival in agricultural production. Many insect pests are known to harm plant growth and crops after harvest or while in storage, which causes agricultural loss. The infestation brought on by insect pests also lowers the crops' marketability. The need for alternative solution approaches to control invasive pests is driven by regulatory bans and the phase-out of essential active components. As a result, Bioinsecticides that do not harm pests' natural adversaries, pollute the environment, or leave residues in products are widely used. Another element that has increased acceptance is the simplicity of producing Bio Fungicides.
Based on Regional Analysis:
North America accounted for the largest share of the market in 2021. Synthetic crop protection chemicals are subject to strict rules and regulations to safeguard the environment from unfavorable consequences, driving the regional market. The intense hunt for greener crop inputs drives the product's sales in the local market. Farmers are being pushed to use biological crop protection inputs by the requirement to meet international export standards. Farmers in this region are also being prompted to use biopesticides by rising customer demand for organic food and worries about residue levels in food. The North American region is home to numerous significant biopesticide producers, stimulating interest in and funding for biological crop protection products. Strong government laws and a thriving organic business promote organic farming practices in the area. Additionally, the demand for biopesticides in the U.S. will increase as more are used in greenhouses there.
- In May 2022, a strategic partnership was announced between UPL limited and AISTech (U.S.), a world leader in agricultural biological innovation. Through this collaboration, UPL would distribute AISTech's BioSolutions, starting with two bioinsecticides, Halogen and Fuligin. Through this collaboration, UPL would distribute AISTech's BioSolutions, starting with two bioinsecticides, Halogen and Fuligin. This would ultimately help UPL expand its bioinsecticides portfolio.
- In March 2021, BASF launched a new bio fungicide, Howler, into the European market and key countries of the Middle East and Africa. Howler is based on Pseudomonas colors, prehistorian AFS009, used in turf and golf courses. This was formulated to be effective against Pythium, Fusarium, Rhizoctonia, and Botrytis. This launch would help BASF SE broaden its BioSolutions portfolio provided by the Agricultural Solutions segment, especially in Europe.
- In March 2020, Bayer AG launched its first bio fungicide, Serenade, in China, containing QST713, a biocontrol microorganism; this would help plants absorb more effective nutrients and enhance plant immunity, reducing the incidences of diseases. The launch enabled Bayer AG to expand its product offering to the Chinese market.
The key players in the Global Biopesticides Market include- Certis USA LLC, Syngenta International AG, Nufarm Ltd, Bayer AG, Novozymes A/S, Gujarat State Fertilizers & Chemicals Ltd., FMC Corporation, Agri Life, Symborg S.L., Biotech International Limited, T. Stanes & Company Limited, Summit Chemical Inc., BioSafe Systems LLC and others.
Segmentation of the Global Biopesticides Market:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Research Methodology: Biopesticides Market by Crop Type by Formulation Type by Source by Mode of Application by Product by Region - Global Market Assessment, 2021 - 2028
During the primary research, several interviews were conducted with industry experts including CEOs, presidents, marketing executives, product development teams, and other such key executives from Biopesticides industry. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview enables to gain first-hand information on global market size, regional and segmental trends, competitive landscape, industry impacting factors, and future market projection trends among others.
Data Triangulation and Market Size Estimations
After procuring data from secondary and primary research, both bottom-up and top-down approaches were utilized to process the data and estimate and validate the global Biopesticides market size. Moreover, the same approaches were employed to estimate the market size for each segment/region/country. Apart from that, the data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. All the market numbers i.e. percentage shares, segmental splits, breakdown of various numbers were determined from secondary sources and validated through extensive primary research before data triangulation.
Frequently Asked Questions
the global demand for Biopesticides
in terms of revenue?
The global Biopesticides valued at USD 5.2 Billion in 2020 and is expected to reach USD 12.2 Billion in 2028 growing at a CAGR of 15.3%
are the prominent players
in the market?
The prominent players in the market are Certis USA LLC, Syngenta International AG, Nufarm Ltd, Bayer AG, Novozymes A/S, Gujarat State Fertilizers & Chemicals Ltd., FMC Corporation, Agri Life, Symborg S.L., Biotech International Limited, T. Stanes & Company Limited, Summit Chemical Inc., BioSafe Systems LLC.
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 15.3% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Biopesticides include
- High costs associated with the development of new synthetic crop protection products
region accounted for the
largest share in the market?
North America was the leading regional segment of the Biopesticides in 2020.