What is the global market size of Biopesticides Market?

Global Biopesticides Market was valued at USD 3.65 billion in 2021 and it is expected to reach at USD 11.10 billion by 2028, with CAGR of 14.69% over the forecast period (2022-2028). Read More

Who are the key vendors in the Global Biopesticides Market?

Major biopesticides market players such as BASF SE, Bayer AG, Biobest Group NV, and Syngenta AG. are constantly innovating in order to provide advanced biopesticides. Moreover, they are increasing their R&D investment as well as their interest in technological adoption, strategic acquisition, and collaboration in order to design and develop modern humanoid Biopesticides. Furthermore, to sustain their market position, key companies have implemented organic and inorganic growth strategies such as new robot launches and long-term contracts with airport authorities.'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)' Read More

What is the key driver of Global Biopesticides Market?

Organic farming is increasingly being promoted as a superior alternative to conventional farming in terms of reducing overall environmental impact. With stronger demand dynamics for natural plant protection products, the promising growth trajectory of organic agriculture is expected to benefit the future growth of biopesticides. The government's and other stakeholders' strong emphasis on organic and sustainable farming methods has increased acceptance of bio-based crop protection chemicals. Read More

What is the key market trend for Global Biopesticides Market?

Despite the unpredictability of the weather, microbes are expected to emerge as a low-cost, high-yielding input. With increasing investments from the institutional sector and venture capital, efforts to expand biopesticides and strain enhancement are underway to help optimize acre production. The ongoing research on new microbial product development is expected to support market growth in the coming years. Read More

Which region accounted for the largest share in Global Biopesticides Market?

North America is currently the largest biopesticides market, and it is expected to account for a large segment of the market during the forecast period as well. The regional market is being driven by stringent rules and regulations regarding the use of synthetic crop protection chemicals to protect the environment from adverse effects. The product's sales in the regional market are being driven by the rigorous search for greener crop inputs. Moreover, the strong emphasis on using microbe-based pesticides to improve yield and pest resistance is expected to positively impact market growth and product demand. The Asian agriculture sector has a high demand for biopesticides. The population growth that is bound to put a strain on food security is expected to be more pronounced in Asia Pacific. As a result, the products are marketed as cost-effective, safe, and effective crop inputs to help boost yields from limited cultivable land. Row crops such as wheat, soy, and rice are making greater use of these pesticides to increase crop yield in an environmentally friendly manner. Read More

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 2024-2031

Report ID: SQMIG15C2032 | Region: Global | Published Date: July, 2024
Pages: 158 | Tables: 145 | Figures: 78

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.

Biopesticides Market Report Snapshots

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Biopesticides Market size was valued at USD 5.9 Billion in 2022 and is poised to grow from USD 6.7 Billion in 2023 to USD 21.81 Billion by 2031, growing at a CAGR of 15.9% during the forecast period (2024-2031).

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. '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)'

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.

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.

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Biopesticides Market Regional Insights

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What is the global market size of Biopesticides Market?

Who are the key vendors in the Biopesticides Market?

What is the key driver of Biopesticides Market?

What is the key market trend for Biopesticides Market?

Which region accounted for the largest share in Biopesticides Market?

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