Global Biopesticides Market Size, Consumer Behavior and Market Evolution 2024-2032

Biopesticides Market Size And Forecast

Biopesticides Market size was estimated at USD 6.66 Billion in 2024 and is projected to reach USD 17.09 Billion by 2031, growing at a CAGR of 13.80% from 2024 to 2031.

• Biopesticides are biological pest control agents derived from natural sources like animals, plants, bacteria, and fungi.
• They are formulated into powders, liquids, or granules and used to control insects, mites, nematodes, fungi, and weeds in agriculture.
• Compared to synthetic pesticides, biopesticides offer several advantages. They are typically less toxic to humans and beneficial insects, and they degrade more quickly in the environment, reducing the risk of pollution.
• Some biopesticides have shown promise in reducing the development of pest resistance. Biopesticides offer a promising alternative to synthetic pesticides for sustainable pest management.

Global Biopesticides Market Dynamics

The key market dynamics that are shaping the biopesticides market include:

Key Market Drivers

• Growing Demand for Safe and Sustainable Pest Control Solutions: Increasing concerns regarding the health and environmental impacts of synthetic pesticides are driving a preference for biopesticides. Consumers, regulatory bodies, and agricultural producers are all placing a greater emphasis on safer and more sustainable pest management practices, which is expected to propel the biopesticides market forward.
• Rising Incidence of Pest Resistance to Conventional Pesticides: The repeated use of conventional pesticides has led to the development of resistance in pest populations. This ineffectiveness of conventional solutions is creating a need for alternative pest control methods, such as biopesticides, which can effectively target these resistant pests.
• Supportive Regulatory Framework in Certain Regions: Regulatory bodies in some regions, particularly North America and Europe, are implementing stricter regulations on the use of synthetic pesticides. These regulations are encouraging the adoption of biopesticides as a safer alternative, thereby stimulating market growth.

Key Challenges

• Limited Efficacy and Specificity: Compared to synthetic pesticides, some biopesticides may exhibit lower efficacy in controlling pests. They can also have a broader target range, potentially harming beneficial insects alongside targeted pests. This can necessitate more strategic application methods to be developed.
• Higher Production Costs and Shelf-Life Concerns: Manufacturing biopesticides can be more expensive than synthesizing chemical pesticides. Some biopesticides have shorter shelf lives due to factors like sensitivity to sunlight or temperature.  Efforts are underway to improve production efficiency and product stability.
• Farmer Education and Adoption Rates: Widespread adoption of biopesticides by farmers can be hindered by a lack of familiarity with their application methods and potential limitations compared to conventional options. Increased educational outreach and demonstration of biopesticide effectiveness are crucial to address this challenge.

Key Trends

• Shifting Consumer Preferences: Consumer demand for organic food and safe food production practices is expected to drive significant growth in the biopesticides market. This is due to growing concerns about the potential health risks and environmental impact of synthetic pesticides.
• Technological Advancements in Biopesticides: Research and development efforts are expected to result in the development of more effective, targeted, and broad-spectrum biopesticides. This will enhance the efficacy and appeal of biopesticides compared to traditional methods.
• Expansion of Organic Farming: The global rise in organic farming practices is projected to create significant opportunities for the biopesticides market. As organic farming prohibits the use of synthetic pesticides, biopesticides become the primary tool for pest control in this sector.

Global Biopesticides Market Regional Analysis

Here is a more detailed regional analysis of the biopesticides market:

North America

• In North America, stricter regulations on synthetic pesticides compared to other regions are driving the adoption of biopesticides as a safer alternative.
• Increased awareness among consumers in North America regarding the potential health and environmental risks of synthetic pesticides is leading to higher demand for biopesticides.
• The well-developed agricultural sector in North America possesses significant financial resources to invest in sustainable practices, including biopesticides.
• North America serves as a hub for research and development in biopesticides, fostering innovation and introducing new biopesticide solutions to the market. All this enables the region to hold a prominent market share.

Asia Pacific

• Biopesticides are being driven by an increasing interest in organic food among consumers in Asia Pacific as a safe and sustainable alternative to synthetic pesticides.
• Increased adoption of biopesticides in Asia Pacific is being led by a growing concern about the environmental impact of synthetic pesticides.
• Favorable market conditions for biopesticides in the Asia Pacific are being created by regulations implemented by some governments that restrict the use of synthetic pesticides.

Global Biopesticides Market: Segmentation Analysis

The Global Biopesticides Market is Segmented Based on Product Type, Source, Formulation, Application, Mode of Action, and Geography.

Biopesticides Market, By Product Type

• Bioinsecticides
• Biofungicides
• Bionematicides
• Bioherbicides

Based on Product Type, the market is segmented into Bioinsecticides, Biofungicides, Bionematicides, and Bioherbicides. The largest market share is attributed to bioinsecticides. This dominance is likely due to the ongoing threat posed by insects to crops globally, leading to a constant demand for effective yet safe control methods.

Biopesticides Market, By Source

• Microbial
• Botanical
• Biochemical

Based on the Source, the market is bifurcated into Microbial, Botanical, and Biochemical. microbial biopesticides hold the dominant market share. This dominance is attributed to their eco-friendly nature and proven effectiveness against a wide range of pests.

Biopesticides Market, By Formulation

• Liquid
• Dry
• Encapsulated

Based on Formulation, the market is classified into Liquid, Dry, and Encapsulated. Liquid formulations are estimated to hold the largest market share, attributed to their advantages like reduced risk of nozzle blockage and improved field performance.

Biopesticides Market, By Application

• Crop-Based
• Non-Crop-Based

Based on Application, the market is segmented into Crop-Based and Non-Crop-Based. It is estimated that the crop-based segment holds the highest market share within the biopesticides market. This dominance can be attributed to the rising demand for safe and sustainable pest control solutions in agriculture.

Biopesticides Market, By Mode of Action

• Contact
• Systemic
• Translaminar
• Antifeedant
• Repellent
• Insect Growth Regulators

Based on the Mode of Action, the market is bifurcated into Contact, Systemic, Translaminar, Antifeedant, Repellent, and Insect Growth Regulators. The highest market share is held by systemic biopesticides. They are widely favored due to their ability to be absorbed by the plant and circulated to protect various parts, providing prolonged and comprehensive pest control.

Biopesticides Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Geography, the Biopesticides Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America holds the largest market share due to factors like stringent regulations on synthetic pesticides, a growing organic food market, and high consumer awareness regarding environmental safety.

Key Players

The “Biopesticides Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as BASF SE, Bayer AG, Biobest Group NV, Certis USA L.L.C, Novozymes A/S, Marrone Bio innovations, Syngenta AG, Nufarm, Som Phytopharma India Ltd., and Valent Biosciences LLC.

Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, product benchmarking, and SWOT analysis. The competitive landscape section also includes key development strategies, market share analysis, and market positioning analysis of the players above globally.

Biopesticides Market Recent Developments

• In May 2022, OptiCHOS, a naturally derived fungicide from BioCHOS, a spin-off of the Norwegian University of Life Sciences, was acquired by the UPL Group. BioCHOS had been formulated as a biodegradable broad-spectrum disease control solution with low environmental and human impact. The product acquisition was aimed at helping UPL expand its NPP portfolio and target markets suitable for the product to address farmers’ needs.
• In May 2022, a strategic partnership was announced between UPL Limited and AgBiTech, a world leader in ag biologicals innovation. Through this collaboration, AgBiTech’s bio solutions, starting with two bioinsecticides, Heligen and Fawligen, would be distributed by UPL. Through this collaboration, UPL’s bioinsecticides portfolio would ultimately be expanded.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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