The latest report by IMARC Group, titled ‘Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,' offers a comprehensive analysis of the biopesticides market analysis. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global biopesticides market size reached US$ 7.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.5 Billion by 2032, exhibiting a growth rate (CAGR) of 12.1% during 2024-2032.
Biopesticides are naturally occurring substances derived from living organisms such as plants, bacteria, fungi, or certain minerals, used to control pests and diseases in agriculture. Unlike conventional chemical pesticides, biopesticides offer environmentally friendly solutions by targeting specific pests while minimizing harm to beneficial organisms, reducing chemical residues in food, and preserving ecosystem balance. They encompass various categories, including microbial pesticides (derived from microorganisms like bacteria, viruses, and fungi), plant-incorporated protectants (genetically modified crops producing pesticidal proteins), and biochemical pesticides (natural substances like pheromones, neem oil, or insecticidal soaps). Biopesticides are increasingly favored due to their sustainable and eco-friendly nature, contributing to integrated pest management strategies and promoting safer agricultural practices worldwide.
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Market Trends:
The global market is majorly driven by the increasing concerns regarding the environmental and health impacts of conventional chemical pesticides. Biopesticides offer a safer alternative, as they are derived from natural sources and typically have lower toxicity levels, reducing risks to human health and non-target organisms. Stringent regulations and policies aimed at reducing chemical residues in food products have prompted farmers to seek alternative pest control methods. Biopesticides meet regulatory requirements more effectively, as they often have shorter pre-harvest intervals and minimal residue levels compared to synthetic pesticides, enabling growers to comply with food safety standards and export regulations.
Besides, the growing demand for organic and sustainably produced food has fueled the adoption of biopesticides in organic farming systems. Consumers increasingly prioritize products grown using natural and environmentally friendly practices, driving the market demand for biopesticide-treated crops. Moreover, advancements in biotechnology and microbial research have led to the development of more effective and targeted biopesticide formulations. Enhanced understanding of the mechanisms of action and optimization of microbial strains have resulted in biopesticides with improved efficacy against a wide range of pests and diseases, bolstering their acceptance and adoption by farmers. Additionally, collaborations between research institutions, government agencies, and industry stakeholders have facilitated knowledge exchange, technology transfer, and market development initiatives, accelerating the commercialization and adoption of biopesticides worldwide.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- BASF
- Bayer Cropscience
- Certis USA LLC
- FMC Corporation
- Isagro
- Koppert B.V.
- Marrone Bio Innovations
- Novozymes Biologicals
- Stockton (Israel) Ltd.
- Syngenta
- The Dow Chemical Company
- Valent BioSciences Corporation
Biopesticides Market Segmentation:
Our report has categorized the market based on region, product, formulation, source, mode of application and crop type.
Breakup by Product:
- Bioherbicides
- Bioinsecticides
- Biofungicides
- Others
Breakup by Formulation:
- Liquid
- Dry
Breakup by Source:
- Microbials
- Plant Extract
- Biochemicals
Breakup by Mode of Application:
- Foliar Spray
- Seed Treatment
- Soil Treatment
- Post-Harvest
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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