Biopesticides Market By Type (BioHerbicides, Bio Insecticides, Bionematicides, BioFungicides, and Others), By Source (Biochemicals, Microbials, and Beneficial Insects), By Form (Dry and Liquid), By Crop Type (Grains & Oil Seeds, Fruits & vegetables, Cereals, and Others), By Application (Seed Treatment, Foliar Spray, and Soil Spray), Global Analysis to 2023

Biopesticides Market Size And Forecast

According to the new report titled " Biopesticides Market By Type (BioHerbicides, Bio Insecticides, Bionematicides, BioFungicides, and Others), By Source (Biochemicals, Microbials, and Beneficial Insects), By Form (Dry and Liquid), By Crop Type (Grains & Oil Seeds, Fruits & vegetables, Cereals, and Others), By Application (Seed Treatment, Foliar Spray, and Soil Spray), Global Analysis to 2023"

 The valuation of the Biopesticides market was $6.28 Billion in 2023 and is projected to reach $20.79 Billion by 2032, at a CAGR of 16.19% from 2021 to 2032.

The Biopesticides Market was valued at $6.28 Billion by 2023 and expected to grow at CAGR of 16.19% over forecast period.  Biopesticides are naturally occurring substances derived from animals, plants, bacteria, and certain minerals that control pests, including insects, weeds, and pathogens, while minimizing adverse effects on humans, animals, and the environment. Unlike conventional pesticides, which are often synthetic chemicals, biopesticides offer a more sustainable and environmentally friendly approach to pest management. Biopesticides play a crucial role in organic farming practices, where synthetic pesticides are prohibited. As consumer demand for organic food products continues to rise, the demand for biopesticides also increases. Organic food ingredients grown using biopesticides may find their way into food and beverage products marketed as organic. Food and beverage companies sourcing ingredients from suppliers that prioritize sustainable farming practices may indirectly benefit from the use of biopesticides. Ingredients grown using biopesticides contribute to sustainable agriculture by reducing the reliance on synthetic chemicals and minimizing environmental impacts. These sustainably sourced ingredients align with consumer preferences for eco-friendly and socially responsible products. Food and beverage companies are increasingly incorporating sustainability initiatives into their supply chains. Supporting suppliers that use biopesticides contributes to supply chain sustainability efforts by promoting environmentally friendly pest management practices. This, in turn, enhances the overall sustainability credentials of food and beverage products.

BioHerbicides held the largest share in the Biopesticides market

By Type (BioHerbicides, Bio Insecticides, Bionematicides, BioFungicides, and Others) where BioHerbicides plays a crucial role in the Biopesticides market. Bioherbicides are natural or genetically modified organisms used for weed control. They offer an alternative to synthetic herbicides and are derived from living organisms such as fungi, bacteria, viruses, or plants. Bioherbicides play a vital role in organic farming practices, where synthetic herbicides are prohibited. As consumer demand for organic food products continues to rise, driven by concerns about health and environmental sustainability, the demand for bioherbicides also increases. Organic food ingredients sourced from farms using bioherbicides may find their way into food and beverage products marketed as organic. Growing consumer awareness of pesticide residues in food and their potential health and environmental impacts has led to increased demand for food and beverage products produced using sustainable and environmentally friendly practices. Food companies responding to consumer preferences may prioritize ingredients grown using bioherbicides to meet sustainability goals and enhance market competitiveness. Some food and beverage companies may require suppliers to adhere to certain certification standards, such as organic certification or sustainable agriculture certifications. The use of bioherbicides may be encouraged or even mandated by these certification programs, indirectly influencing the adoption of bioherbicides in agriculture and the availability of ingredients for food and beverage products.

North America headed the Biopesticides market in 2023

There is a rising awareness of the environmental and health impacts associated with synthetic pesticides, leading to an increased interest in sustainable agricultural practices. Biopesticides offer an eco-friendly alternative to conventional pesticides, aligning with the growing demand for more sustainable pest management solutions. The organic farming sector in North America has experienced significant growth in recent years, driven by consumer preferences for organic food products perceived as healthier and more environmentally friendly. Biopesticides are commonly used in organic farming systems to manage pests while adhering to organic certification standards, contributing to the demand for biopesticides in the region. Government policies and regulations promoting sustainable agriculture and reducing reliance on synthetic pesticides further drive the demand for biopesticides. Incentives, subsidies, and support programs for organic and sustainable farming practices encourage farmers to adopt biopesticides as part of integrated pest management (IPM) strategies. With increasing consumer awareness of pesticide residues in food and their potential health impacts, there is a growing demand for food products produced using safer and more environmentally friendly pest control methods. Biopesticides offer a natural and less toxic alternative to synthetic pesticides, meeting consumer preferences for safer food options.

Key market players operating in the market that are profiled in the report are

 AgBioChem, Inc., Ajay Bio-Tech Ltd., BASF SE, Amit Biotech Pvt. Ltd., Marrone Bio innovation, Arizona Biological Control, Inc., AgBiTech Pty Ltd., Bayer AG, kemin industries, Andermatt Biocontrol AG, Novozymes A/S. etc.

Report Scope

KEYPLAYER

• 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. 

Global Biopesticides MarketSegmentation 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.

Reasons to Purchase this Report

• 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