USD 5.61 billion
Biopesticides Market Size, Share, Growth Analysis, By Crop Type(Cereal & Grains (Corn, Wheat, Rice and Others), Oilseeds & Pulses (Soyabean), By Formulation(Liquid (Emulsifiable Concentrates, Suspension Concentrates and Soluble Liquid Concentrates), and Dry (Dry Granules, Water-Dispersible Granules and Wettable Powders)), By Application(Seed Treatment, Soil Treatment, Foliar Spray and Others), By Source(Microbial, Biochemicals, and Beneficial Insects), By Type(Bioinsecticides (Bacillus Thuringiensis, Beauveria Bassiana, Metarhizium Anisopliae, Verticillium Lecanii), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15C2032 |
Region:
Global |
Published Date: July, 2024
Pages:
158
|Tables:
145
|Figures:
78
Biopesticides Market Insights
Biopesticides Market size was valued at USD 6.7 Billion in 2023 and is poised to grow from USD 7.77 Billion in 2024 to USD 25.28 Billion by 2032, growing at a CAGR of 15.9% during the forecast period (2025-2032).
Biopesticides are organic pest repellents made from naturally occurring substances such as plants, microbes, and biochemicals. Growing demand for organic farming and rising awareness regarding the harmful effects of chemical pesticides are projected to primarily augment the sales of biopesticides over the coming years. Imposition of bans and strict regulations regarding use of chemicals, emphasis on promoting sustainability, and evolving consumer preferences are also augmenting biopesticides market growth trajectory. The availability of subsidies and incentives for the use of biopesticides will also encourage more farmers to opt for them and drive demand outlook. However, high costs, limited availability, and lack of awareness are estimated to slow down biopesticides demand outlook in the long run. Limited shelf life and instability are also major concerns that could hamper sales of biopesticides across the study period and beyond.
US Biopesticides Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Biofungicides
Fastest Growth
Biofungicides
Growth Rate
15.77% CAGR
Global Biopesticides Market ($ Bn)
Country Share for Europe Region (%)
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Biopesticides Market Segmental Analysis
The Global Biopesticides Market size is segmented based on Crop Type, Formulation, Source, Application, Type, And Region. Based on Crop Type, market is categorized in Cereal & Grains (Corn, Wheat, Rice and Others), Oilseeds & Pulses (Soyabean, Sunflower and Others), Fruits & Vegetables (Root & fresh Vegetables, Leafy Vegetables, Pome Fruits, Berries, Citrus Fruits and Others) And Others. Based on Formulation, the market is segmented into Liquid (Emulsifiable Concentrates, Suspension Concentrates and Soluble Liquid Concentrates) And Dry (Dry Granules, Water-dispersible Granules and Wettable Powders). By Application, the market is segmented into Seed Treatment, Soil Treatment, Foliar Spray and Others. Based on Source, market is segmented into Microbial, Biochemicals and Beneficial Insects. Based on Type, the market is segmented into Bioinsecticides (Bacillus Thuringiensis, Beauveria Bassiana, Metarhizium Anisopliae, Verticillium Lecanii, Baculovirus and Others), Biofungicides (Trichoderma Bacillus, Bacillus, Pseudomonas, Streptomyces, And Others), Bionematicides (Paecilomyces Lilacinus, Bacillus Firmus and Others), Bioherbicides and Others. Based on Region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Biopesticides Market Analysis by Crop Type
Fruits and vegetables are forecasted to account for a major chunk of the global biopesticides market share owing to their high demand across the world. Rising popularity and demand for organic fruits and vegetables is projected to help this segment maintain its dominant stance going forward. With fruits and vegetables more prone to damage through pests, the need for pesticides in their farming is nearly unavoidable thereby creating an opportune setting for biopesticides providers. With fruits and vegetables being a major part of the human diet, they have become a highly coveted category for all Biopesticides market players.
High consumption of cereal & grains as a staple food on a global level allows it to emerge as the fastest-expanding segment. Rapidly increasing global population has boosted the demand for cereals and grains, providing new opportunities for biopesticides companies too. Organic cereal farming is turning out to be more profitable and this is why as more farmers opt for it the demand for biopesticides will also increase in the future. High consumption of foods such as pasta and bread around the world will also favor Biopesticides market growth via this segment.
Biopesticides Market Analysis by Formulation
Liquid formulations of biopesticides are projected to account for a prominent chunk of the global Biopesticides market share. Their easy application and high use in foliar application is what allows them to hold a dominant stance in this market. Moreover, proven records showing better efficacy of liquid biopesticides are also helping this segment expand its market share.
Meanwhile, the demand for dry is projected to increase at a robust pace over the coming years. Longer shelf life and easy application in hard-to-reach areas is what boosts the demand for dry biopesticides. Investing in this segment could provide lucrative new opportunities for biopesticides companies in the long run.
Global Biopesticides Market By Formulation
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Biopesticides Market Regional Insights
Europe takes the top spot when it comes to adoption of biopesticides on a global level. High adoption of sustainable agriculture practices is a major contributor to this region's dominance. Imposition of stringent regulations regarding use of chemicals in agriculture and supportive initiatives to promote use of biopesticides are also creating new opportunities for biopesticides companies. Italy, France, Germany, and the United Kingdom are slated to be the top markets for biopesticides companies in this region. High consumer consciousness regarding organic food will also boost biopesticides demand in Europe.
On the other hand, the demand for biopesticides in the Asia Pacific region is slated to rise at an impressive pace. Paradigm shift in agriculture approach in this region coupled with rising demand for organic food is boosting Biopesticides market growth in this region. Rapidly expanding population base, imposition of better food safety mandates, bans of use of chemical pesticides, and growing availability of biopesticides are all contributing to rewarding business scope in this region. China and India are slated to be the most opportune markets in this region for biopesticides companies.
Global Biopesticides Market By Region
- Largest
- Fastest
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Biopesticides Market Dynamics
Biopesticides Market Drivers
Rise of Organic Farming
- Organic farming has emerged in popularity across the world and this is mostly due to rising awareness regarding ill-effects of chemical use in agriculture. Evolving consumer preferences and rising health consciousness have boosted the demand for organic food products thereby uplifting biopesticides sales as well.
Bans on Chemical Pesticides
- Synthetic pesticides and chemical pesticides have been shown to damage environment as well as human health. This has resulted on bans on their usage across multiple countries in recent years, which in turn, is projected to favor the demand for biopesticides in the future.
Biopesticides Market Restraints
High Costs of Development
- Complexity of biopesticide development often results in high costs of the end product, which makes it inaccessible to farmers on a budget. Moreover, the availability of traditional pesticides at a much cheaper price also hampers the overall market growth potential.
Lack of Awareness
- Biopesticides are relatively new in the field of agriculture, which is why not many farmers are aware of their usage benefits and this lack of awareness is projected to impede biopesticide demand outlook going forward. This factor is estimated to hinder biopesticide sales in developing and under-developed countries as awareness among farmers regarding new products is limited.
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Biopesticides Market Competitive Landscape
Investing in the research and development of biopesticides that can repel and protect plants from a wide number of pests and diseases will be the top priority for all market players. Providing affordable biopesticides will also help biopesticides companies maximize their revenue generation potential in the long run. Companies can also launch new initiatives to promote awareness regarding the benefits of biopesticides use.
Top Players in the Biopesticides Market
- BASF SE (Germany)
- Bayer AG (Germany)
- Biobest Group NV (Belgium)
- Certis USA L.L.C (US)
- Novozymes A/S (Denmark)
- Marrone Bio innovations (US)
- Syngenta AG (Switzerland)
- Nufarm (Australia)
- Som Phytopharma India Ltd (India)
- Valent Biosciences LLC. (US)
- BioWorks, Inc. (US)
- STK Bio-ag (Philippines)
- UPL (India)
- FMC Corporation (US)
- Koppert (Netherlands)
- IPL Biologicals (India)
- Pro Farm Group Inc. (US)
- Vegalab S.A (US)
- BIONEMA (Wales)
- Isagro S.p.A (Italy)
Biopesticides Market Recent Developments
- In April 2024, Syngenta announced a partnership with an Israel-based Lavie Bio to discover and develop novel biopesticides. This partnership is mainly focused on speeding up the process when it comes to biological development.
- In April 2024, Bayer and AlphaBio Control signed an agreement to secure an exclusive license for a new biological insecticide. The product is projected to be launched in 2028 for arable crops.
- Back in September 2023, Croda, a chemical company based in the United Kingdom announced the launch of its new product aimed at the biopesticides industry. Atlox™ BS-50 was specifically launched to take advantage of the evolving agriculture industry shifting towards organic farming.
Biopesticides Key Market Trends
- Expansion of Pest Spectrum: Biopesticides companies can focus on developing biopesticides that can deal with a broad spectrum of pests and diseases that could harm crops. Investing in research and development will be crucial for companies to achieve the feat but, it will help them expand and secure their business potential for the long term.
- Development of Microbial Pesticides: Biopesticides made from microbes or fungi are extremely effective and do not have an adverse impact on other biological life that may be beneficial for crop growth. Companies should focus on the development of such products as demand for more natural methods of farming increases globally.
Biopesticides Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising demand for organic food products and increasing health consciousness among consumers are key factors promoting the demand for biopesticides around the world. On the contrary, lack of awareness, limited accessibility, and high costs of development are forecasted to slow down market growth potential in the future. Europe is projected to account for a dominant share of the global market owing to high adoption of sustainable farming practices and presence of a more aware consumer base. Developing biopesticides that can target a wide spectrum of crop pests and diseases will be the top strategy for all biopesticides companies.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.9 Billion |
| Market size value in 2031 | USD 21.81 Billion |
| Growth Rate | 15.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Biopesticides Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Biopesticides Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Biopesticides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biopesticides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biopesticides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biopesticides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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