Biopesticides Market Size By Product (Bioherbicides, Bioinsecticides, Biofungicides), By Form (Dry, Liquid), By Source (Microbial, Biochemical), By Crop (Grains & Oil Seeds, Fruits & Vegetables), By Application & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Agriculture | Format: Report available in PDF / Excel Format

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Biopesticides Market Size By Product (Bioherbicides, Bioinsecticides, Biofungicides), By Form (Dry, Liquid), By Source (Microbial, Biochemical), By Crop (Grains & Oil Seeds, Fruits & Vegetables), By Application & Forecast, 2024 – 2032

Biopesticides Market Size

Biopesticides Market was valued at around USD 3.17 billion in 2023 and is anticipated to register a CAGR of over 10.1% between 2024 and 2032. The demand for biopesticides is driven by the increasing global emphasis on sustainable agriculture and the growing consumer preference for organic food.

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Governments around the world are taking a strong stance against harmful chemical pesticides, which is great news for eco-friendly pest control options. Plus, people are becoming more aware of the benefits of these solutions, like protecting the environment and keeping us healthy. Biopesticides are also becoming more advanced, making them a really effective way to fight pests. This is especially important because the world's population is growing and we need to make sure everyone has enough food. Farmers are starting to use integrated pest management practices, which means using different methods to protect their crops. This means they're more likely to turn to biopesticides, which are a safe and effective part of this approach. All of these factors are helping the eco-friendly pest control market grow. In fact, it's expected to reach over $7.61 billion by 2032. That's a lot of good for our planet and our health!

Biopesticides Market Report Attributes
Report Attribute Details
Base Year 2023
Biopesticides Market Size in 2023 USD 3.17 billion
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 10.1%
2032 Value Projection USD 7.61 billion
Historical Data for 2021 - 2023
No. of Pages 310
Tables, Charts & Figures 220
Segments covered Product, Crop, Form, Source, Application
Growth Drivers
  • Consumer Preference for Organic Products
  • Regulatory Support and Government Initiatives
  • Technological Advancements
Pitfalls & Challenges
  • High Production Costs

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High production costs are a significant pitfall for the biopesticides market, as the complex and labor-intensive processes required to develop and produce biopesticides lead to higher prices compared to conventional chemical pesticides. This cost disparity can deter farmers, especially those with limited financial resources, from adopting biopesticides despite their environmental and health benefits. Additionally, the scalability of biopesticide production is often limited, further driving up costs. Research and development expenses for biopesticides are also substantial, adding to the overall production costs. Consequently, these economic barriers can slow the market's growth and widespread adoption.

Biopesticides Market Trends

The biopesticides industry is witnessing several key trends, including a strong shift towards sustainable and organic farming practices driven by consumer demand for chemical-free produce. Advances in biotechnology are leading to more effective and diverse biopesticide formulations, expanding their applicability. Integration of biopesticides into integrated pest management (IPM) strategies is becoming increasingly popular among farmers. The market is also experiencing growth in partnerships and collaborations among companies to enhance research and development efforts. Additionally, regulatory support and favorable government policies are accelerating the adoption and development of biopesticides globally.

Biopesticides Market Analysis

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Imagine a market like a puzzle, with different pieces representing different types of products. In this puzzle, we have bioherbicides, bio insecticides, biofungicides, and a few others. The piece that stands out is bio insecticides, which has the biggest slice of the market - it's like the king of the puzzle! Back in 2023, it was worth 1.54 billion dollars, but it's only going to get bigger and better, reaching a whopping 3.66 billion by 2032. Why is it so popular? Well, it's like Wonder Woman for our crops! It's got a superpower range of uses and it's amazing at getting rid of all those nasty insect pests that can ruin our food. Plus, it's a lot safer than chemical insecticides, so it doesn't leave any yucky stuff on our food or hurt our environment. Scientists have been working hard to make bio insecticides even better, and now they're super effective and specific, so farmers just love them. Plus, with everyone wanting to farm sustainably and use fewer chemicals, bio insecticides are becoming the go-to choice. Even governments are encouraging their use because they're so eco-friendly.

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When it comes to using biopesticides, there are three main ways to apply themtreating the seeds, spraying them on the leaves, or spraying them on the soil. Spraying the leaves is by far the most common method, making up about 81% of the market in 2023. This is because spraying directly on the leaves lets the biopesticides get to the pests right away, which makes them work faster. This method is also very effective because it puts the pesticides where the pests are most active, so you don't have to use as much. Leaf spraying is also easier to do and can be added to normal farming routines with the equipment that's already there. It can also help farmers save money on labor because they don't have to spray as often. Plus, it's better for the environment because it doesn't pollute the soil or cause runoff.

Hey there! Let's talk about the world of biopesticides, those natural helpers that keep our crops safe from pests. They come in two main formsdry and liquid. Liquid biopesticides are the rockstars, holding the lion's share of the market. They're easy to use, just mix 'em with water and spray away. That's why farmers love 'em! They spread evenly over plants, giving pests a good run for their money. Plus, liquid biopesticides have a longer shelf life, staying strong for the long haul. They also act fast, protecting your crops in a timely manner. And the best part? They're versatile, so you can use them in different ways, like spraying onto leaves, treating the soil, or even coating your seeds.

Picture thisyou're at the market, browsing through the fruits and vegetables. You want the best and freshest produce, but you're also concerned about pesticides. That's where biopesticides come in – they're like natural protectors for your food. The market for biopesticides in fruits and veggies is huge, worth billions of dollars, and it's only going to get bigger. Why? Because these crops are so important to us. We eat them all the time, so they need to be clean and healthy. Biopesticides make that possible without all the harmful chemicals. Not only that, but fruits and veggies are actually more valuable than other crops. They're delicate and can get sick from lots of different pests and diseases. So, making sure they stay healthy is crucial. Biopesticides do just that – they protect these crops without hurting their quality. And guess what? People are realizing that organic, pesticide-free produce is the way to go. They want their fruits and veggies to be as natural as possible. That's another reason why biopesticides are becoming increasingly popular.

The market for biopesticides is divided into three main categoriesmicrobial, biochemical, and others. Microbial biopesticides are the most popular and had a big market share of $1.71 billion in 2023. By 2032, this number is expected to grow to $4.17 billion. Microbial biopesticides are made from tiny living things like bacteria, fungi, and viruses that can kill specific pests. They're popular because they're very good at killing pests without hurting other helpful insects or the environment. Biotechnology has made it easier to make and use these microbial agents for farming. They're a more eco-friendly choice than chemical pesticides, which is what people want these days as they become more aware of the environment. Since microbial biopesticides can be used on a variety of crops and against a variety of pests, they're a very attractive option for farmers.

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North America is like the kingpin of the global biopesticide scene. In 2023, it was raking in a cool $1.19 billion, and experts say that by 2032, it'll be worth a whopping $2.76 billion! So, what's the secret sauce behind North America's dominance? A few things, really. First off, they've got their regulations in tip-top shape, which makes it easier for companies to sell biopesticides. These biopesticides are a hot commodity because they're better for the environment than traditional pesticides. Plus, there's a ton of money being poured into research, so the biopesticides are getting better and better. But wait, there's more! North America has a huge agricultural sector, which means there's a lot of demand for biopesticides to protect crops. And guess what? Consumers are all about that organic produce these days, so biopesticides are flying off the shelves left and right. All in all, North America has got the trifecta of factors that make it the undisputed champion of the biopesticide marketkiller regulations, a juicy R&D budget, and a hungry market.

In North America, the United States is the dominant country in the biopesticides industry. The U.S. has a large agricultural industry with diverse crop types that benefit from biopesticide applications. The country also leads in research and development activities, supported by substantial investments and a favorable regulatory environment. Furthermore, the growing trend towards sustainable farming and organic agriculture in the U.S. contributes to the significant market share, establishing it as a key player in the global biopesticides industry.

Biopesticides Market Share

Several key players dominate the market, each with a unique strategy and product lineup. Agrolink, Certis USA L.L.C., and Chema Industries are at the forefront, tailoring biopesticides to tackle specific agricultural challenges. Meanwhile, BASF SE and Bayer Crop Science leverage their vast resources and research prowess to offer a wide array of biopesticide solutions. Corteva Agriscience and Bio Intrant, too, are pioneering advanced biopesticide formulations to bolster crop protection and yields.

Complementing these giants, CairoChem and Koppert Biological Systems carve niches with specialized applications. Indigo Ag's partnership with biopesticides highlights the trend towards integrating these solutions with digital and precision farming. This competitive landscape fosters innovation and diversification, with companies vying to boost both their product effectiveness and market presence, mirroring the market's dynamic and evolving nature.

Biopesticides Market Companies

Major players operating in the biopesticides industry include

  • Agrolink
  • BASF SE
  • Bayer Crop Science
  • Bio Intrant
  • CairoChem
  • Certis USA L.L.C.
  • Chema Industries
  • Corteva Agriscience
  • Indigo Ag
  • Koppert Biological Systems
     

Biopesticides Industry News

  • In March 2022, Marrone Bio Innovations Inc. and Bioceres Crop Solutions Corp announced a definitive agreement to combine the companies in an all-stock transaction. This transaction will combine bioceres expertise in bio nutrition and seed care products with MBI's leadership in the development of biological crop protection and plant health solutions, creating a global leader in the development and commercialization of sustainable agricultural solutions.
     
  • In September 2023, Croda launched the new product Atlox BS-50, a delivery system which specifically meets the needs of the growing biopesticide market.
     

The biopesticides market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2021 to 2032, for the following segments

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Market, By Product

 

  • Bioherbicides
  • Bio insecticides
  • Biofungicides
  • Others

Market, By Form

  • Dry
  • Liquid

Market, By Source

  • Microbial
  • Biochemical
  • Others

Market, By Crop

  • Grains & oil seeds
  • Fruits & vegetables
    • Apples
    • Grapes
    • Potatoes
    • Others
  • Others

Market, By Application

  • Seed treatment
  • Foliar spray
  • Soil spray

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Ukraine
    • Kazakhstan
    • Turkey
    • Bulgaria
    • Greece
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Malaysia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • South Africa
    • Egypt
    • Tunisia
    • Rest of MEA

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