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The global biopesticides market approximated a value of about USD 4.45 billion in 2023. The industry is further expected to grow at a CAGR of about 8.2% in the forecast period of 2024-2032 to reach a value of around USD 9.04 billion by 2032.
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North America’s share in the global biopesticides market has been seen to be the highest amongst all other regions in the historical period 2018-2023. This can be credited to the strict laws on the usage of pesticides, the subsequent pollution, and the rising awareness regarding sustainable agriculture. Furthermore, most of the major biopesticide companies are based in North America and with growing governmental regulations on synthetic pesticides, the market for biopesticides is only expected to grow in the coming years. In Asia Pacific too, the overall usage of biopesticides is expected to grow because of the need for sustainable agriculture as well as to curb the ill-effects of pesticides in regions which already face a dire pollution issue. Despite supply chains being cut-off due to the pandemic, the possibility of the biopesticides market growing is high.
Biopesticides, or biological pesticides, are a form of pesticides whose components are majorly derived from biological entities such as animals, plants, fungi, insects, etc. These are a viable alternative to conventional pesticides because of their cost-effectivity and zero-to-no pollution properties. Prior to the Industrial Revolution, biopesticides have been traditionally used across all regions to improve crop yields and protect crop yields from animals, diseases, fungi, or insects.
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The biopesticides market can be divided on the basis of source:
It can be differentiated on the basis of type:
The market can be divided on the basis of formulation:
It may be segmented by mode of action:
It may be divided by crop type as follows:
The regional markets for biopesticides can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Biological pesticides have been instrumental to maintaining sustainability in agriculture. As the demand for organic food and the total area under organic cultivation, the demand for biopesticides will also increase significantly. With countries across the world encouraging safe and sustainable farming practices as well as farmers realising the long-term effects of synthetic fertilisers, the shift to biopesticides will be wide-ranging. During the Corona pandemic, supply chains across the world, especially international ones, were disrupted and countries which depended on raw materials for synthetic fertilisers had to look for alternatives which were locally available, which can come in the form of biopesticides, since these are relatively cost-effective and usually, locally available. Research into microbiology and agricultural sciences will further strengthen the market for biopesticides.
The report gives a detailed analysis of the following key players in the global biopesticides market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Type |
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Breakup by Formulation |
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Breakup by Mode of Action |
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Breakup by Crop Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global biopesticides market attained a value of nearly USD 4.45 billion in 2023.
The market is projected to grow at a CAGR of 8.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 9.04 billion by 2032.
The major market drivers include the increasing demand for organic food and the increase of total area under organic cultivation and growing research into microbiology and agricultural sciences.
Introduction of microbial ingredients in biopesticides and rising awareness for adoption of sustainable agricultural practices are the key trends of this market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The sources of biopesticides include microbials, biochemicals, and beneficial insects.
The significant types of biopesticides include bioinsecticides, biofungicides, bioherbicides and bionematicides, among others.
The formulation types are liquid and dry.
The major modes of action include foliar application, seed treatment, soil treatment, and post-harvest.
The crop types of biopesticides are cereals and grains, oilseeds and pulps, and fruits and vegetables, among others.
The key players in the global biopesticides market are Bayer AG, Certis USA L.L.C., Marrone Bio Innovations Inc, Andermatt Biocontrol AG, BASF SE, and Syngenta Crop Protection AG, among others.
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