Biopesticides Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: MC240112 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of the biopesticides market was valued at USD 4.8 billion in 2022, and a CAGR of 11.5% is expected during the forecast period. The market is driven by technological advancements and increasing awareness among the public about the quality of products. Biopesticides are derived from natural substances like plants, bacteria, and fungi and are applied in agriculture to control pests. Farmers typically spray or apply them to crops to manage pests without harmful chemical residues. Proper timing and dosage are crucial for effective biopesticide application, aligning with the target pest’s life cycle.
The biopesticides market is experiencing growth due to several factors, like increasing awareness and concern about environmental impact, which drive the demand for eco-friendly alternatives like biopesticides. Government initiatives promoting sustainable agriculture, biodiversity conservation, and reduced chemical usage contribute to the growth of the biopesticide market. Increasing investment by companies and stakeholders in the development and commercialization of biopesticides contributes to market expansion.
Impact of
Covid-19
Like many industries, the biopesticides market faced
supply chain disruptions due to lockdown, travel restrictions, and logistical
challenges. This affected the availability of raw materials. The pandemic
heightened awareness about the importance of food security and sustainable
agriculture. Increasing use of biopesticides as a safer alternative to chemical
pesticides is driving the growth in the market significantly. Some regions
witnessed increased government support for sustainable agricultural practices
as a part of economic recovery plans post-COVID 19. Due to disruptions in
laboratory work and field trials, the market had slowed down. Certain sectors
within the biopesticides market, such as those focusing on organic farming or
specialty crops, experienced growth as consumer preferences shifted towards
healthier and environmentally friendly produce during the pandemic. Smaller
biopesticide companies have faced financial challenges during the economic
downturn, impacting their operations and market presence.
Growth Drivers
Increasing demand for biopesticides as an alternative to chemical pesticides is driving the growth of the biopesticide market significantly. Increasing awareness and concern about the environmental impact are driving the market to new heights. Stringent regulations promoting sustainable agriculture and limiting the use of synthetic pesticides contribute to the growth of biopesticides as compliant alternatives. Growing consumer preferences for organic foods and crops lead to increased adoption of biopesticides as they align with organic farming practices. Pests developing resistance to chemical pesticides have prompted the exploration of alternative pest control methods, boosting the demand for biopesticides.
Ongoing research and development in biopesticide technologies enhance product effectiveness, expanding the range of pests controlled and improving overall market competitiveness. Adoption of integrated pest management approaches combining various pest control methods, including biopesticides, supports sustainable and effective pest control in agriculture. Government initiatives promoting sustainable agriculture, biodiversity conservation, and reduced chemical usage contribute to the growth of the biopesticide market. Increasing investment by companies and stakeholders in the development and commercialization of biopesticides contributes to market expansion and product innovation.
Segmentation
By Type
Microbial
Biopesticides
·
Bacteria
·
Fungi
Biochemical
Biopesticides
·
Plant
Incorporated Protectants
·
Plant Extracts
Botanical
Biopesticides
·
Neem Based
Products
·
Pyrethrum
Extracts
Predatory
Biopesticides
·
Predatory
Insects
·
Parasitoids
Crop Type
Segmentation
·
Cereals and
Grains
·
Fruits and
Vegetables
·
Oilseeds and
Pulses
·
Cash Crops
·
Specialty Crops
·
Others
Regional
Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Europe
·
Middle East and
Africa
Biopesticides
Market Type Segmentation
On the basis of the market type, the market is
segmented into microbial biopesticides, botanical biopesticides, chemical
biopesticides, and predatory biopesticides. Microbial biopesticides are the
products derived from microorganisms such as bacteria, fungi, virus or
protozoa, which do control pests, diseases, and weeds. These biopesticides
offer an alternative to traditional chemical pesticides. In agriculture
microbial pesticides are gaining popularity due to their effectiveness, minimal
environmental impact and suitability for integrated pest management. Growing
demand for sustainable and organic farming is driving the demand for
biopesticides market. Botanical biopesticides are plant derived products, that
are used for pest management, these biopesticides are natural products
extracted from plants. Extracts from various parts of plants such as leaves,
seeds, fruits, and roots. Example of botanical biopesticide is neem oil, which
is derived from neem tree, having insecticidal properties. These biopesticides
are safer to the environment comparatively to the synthetic chemicals. Research
and development in the field of botanical biopesticides are going to explore
new plant derive compounds. Chemical biopesticides are derived from living
organism, its examples are pheromones, plants extract like neem oil or extract
from garlic. Some biopesticides are based on substances produced by
microorganisms, such as a certain bacterial toxins used in pest.
Regional
Outlook
On the basis of the regions, the biopesticides market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is the leading segment due to increasing demand for organic products and technological advancements in farming practices. The region has placed emphasis on sustainable farming for market growth. In the Asia-Pacific region, rising awareness about eco-friendly agriculture is driving the demand for biopesticides significantly. Expanding agriculture sectors in Latin America and Africa have driven growth in the biopesticides market. Increasing demand for it as an alternative to chemical pesticides is driving the growth of the biopesticide market.
In the Asia-Pacific region, the biopesticides market is experiencing notable growth, including a shift towards sustainable agriculture. With increasing awareness about environmental concerns and regulatory support for biopesticides, countries like China and India have witnessed rising demand due to their focus on reducing chemical pesticide usage. The diverse climatic conditions in the region create opportunities for biopesticide development. Overall, the market in the Asia-Pacific region is evolving as farmers seek eco-friendly alternatives for pest management. Due to increasing demand for sustainable and eco-friendly agriculture practices, the market is showing significant growth in the United States, the United Kingdom, Germany, Italy, France, and Spain. Increasing demand for substituting chemical pesticides is driving the growth of the market significantly.
Key Players
·
BASF SE
·
BAYER AG
·
SYNGENTA AG
·
UPL
·
FMC Corporation
·
Pro farm group
Inc
·
Novozymes
·
Isagro
·
Nufarm
·
Koppert
·
Biobest Group
NV
·
SOM Phytopharma
India Limited
·
Valent
Biosciences LLC
·
IPL Biologicals
·
Vegelab S.A.
·
Bioworks
·
BioNema
· Other Players