248 Users Online
Biopesticides Market Segmented By Bioinsecticides, BioherbSeed Treatment, Biofungicides Product Type with Microbial, Biochemical Origin in Foliar Spray, Seed Treatment
The global biopesticides market expanded at 11.0% CAGR between 2018 and 2022 and ended up with a valuation of US$ 8,123.8 million in 2023. As per this study by Persistence Market Research, the sales of biopesticides across the world are expected to increase at 10.3% CAGR to reach a market size of US$ 21,827.6 million by the end of 2033.
Biopesticides are extracted from natural resources such as plants, animals, bacteria, and certain minerals. They include natural substances that control pests (biochemical pesticides), microorganisms that control pests (microbial pesticides), and biochemical plant growth regulators. Biopesticides are also used in agricultural practices for the purpose of insect control, disease control, weed control, nematode control, and plant physiology and productivity. They are non-toxic to non-target organisms, including beneficial insects and wildlife. Many biopesticides also are biodegradable and they decompose faster and do not harmfully impact surface water and groundwater. Biopesticides typically are effective in small quantities, which eliminates pollution concerns, therefore, widely utilized on plants and crops and are replacing synthetic pesticides in many crops and playing a significant role in agriculture and sustainable practices.
| Attribute | Key Insights |
|---|---|
|
Biopesticides Market Size (2023E) |
US$ 8,123.8 Million |
|
Projected Market Value (2033F) |
US$ 21,827.6 Million |
|
Global Market Growth Rate (2023 to 2033) |
10.3% CAGR |
|
Historical Growth Rate (2018 to 2022) |
11.0% CAGR |
|
Revenue Share of Top 4 Countries (2022E) |
54% |
FREE Report Sample is Available
In-depth report coverage is now just a few seconds away
Get FREE Report Sample
“Ease of Registration for Manufacturing Biopesticides: Opening New Doors for Manufacturers”
As health consciousness and awareness are increasing among people, the attentiveness toward the use of harmful pesticides and chemicals in agricultural commodities is also growing. Hence, manufacturers are focusing on biopesticides and natural ingredients for growers. Governments and regulatory bodies are also taking initiatives for the availability of natural and organic food commodities, and allowing the use of biopesticides in agricultural practices. Owing to these, manufacturers of biopesticides are getting easy registration for their products in almost every country. The process of biopesticides registration is easier and more flexible than that of synthetic pesticides.
“Increasing Usage of Biopesticides Due to Modern Agricultural Practices”
Numerous innovations are taking place in the agriculture industry with developments in science and technology. Pesticides play an important role in the agriculture industry as crop protection solutions. Agriculture production is influenced by food trends, and as of now, the demand for organic and natural food products is increasing dramatically. Hence, crop growers are adopting modern and advanced agriculture practices. Biopesticides are becoming an ideal alternative to traditional synthetic pesticides in crop protection management. Due to these reasons, biopesticide use is increasing in modern agricultural practices.
“Increasing Concerns about the Safety and Toxicity of Traditional Pesticides”
Synthetic pesticides are being used in agriculture production for many decades, as plant protectors and growth regulators. Rising utilization, application ratio, and quantity of these pesticides are resulting in health issues and toxicity to humans and livestock as well. Due to these reasons, consumers and growers are seeking biological alternatives for plant protection. This increasing concern about safety and toxicity of traditional pesticides is driving the growth of the global biopesticides market.
“Demand for Organic Products and Increasing Population Fueling the Growth of the Biopesticides Market”
According to the United States Environmental Protection Agency, by 2050 the world population will reach 9.7 Billion, and around 60% of the population will live in urban areas. To feed this increasing population, the production of agricultural commodities needs to be increased in a sustainable way without harming the environment or land. Regions such as the Asia Pacific and Latin America have the highest population with basic demand for agricultural commodities such as cereals, grains, fruits, vegetables, and others in their daily routine. The agricultural industry plays an important role in the food industry. Food demand influences the demand for agricultural products, which is boosting the growth of the biopesticides market.
“Soil Treatment Practices Creating Huge Opportunities for the Biopesticides Market”
To increase production and earn more profits, growers are using excessive synthetic pesticides and chemicals on soil, which results in soil damage and loss. Due to these practices, soil is losing its productivity, and growers are facing a number of issues. Biopesticides treat and protect plants and crops without harming the soil. In developed countries, soil treatment biopesticides are easily approved by regulatory bodies owing to their positive characteristics and better functionality as compared to synthetic pesticides. Developing countries have huge potential, and they can create huge opportunities in the near future in the biopesticides market. Owing to this, the soil treatment and management segment can boost the growth of the biopesticides market.
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized Version“Stringent Regulations for Registration of Pesticides”
In the European Union, registration policies are stringent as compared to other regions. The European Union is more secure towards registration of pesticides, as well as biopesticides. Biopesticides go through strict field trials before the registration of the product, and manufacturers have to follow the guidelines set by the EU for the registration of biopesticides. It takes a long time period for the registration of biopesticides in the EU.
What Makes India a Lucrative Market for Manufacturers of Biopesticides?
“Prominence of Biopesticides in Developing Countries”
India accounts for over 40% consumption of biopesticides in the South Asia and Pacific region with the major share being contributed by the soil treatment application sector. However, the fastest growth is expected by the foliar spray sector based on the estimated value CAGR of 16.7%.
What is the Demand Outlook for Biopesticides in the United States?
“High Usage of Biopesticides in the Country”
North America holds almost 41.0% of the market share in the global market whereas U.S. holds around 90.0% of the North American market.
Out of the various product types such as bioinsecticides, bioherbicides, biofungicides, and bionematicides, the maximum consumption is exhibited by the bioinsecticides type with a valuation of approximately US$ 2,055.7 million in 2022 and will continue to grow at a rate of roughly 7.7% CAGR.
Sales Team
Client Partner
Biopesticides from which Source are Being Widely Utilized?
“Microbial Origin Contributing to Market Growth”
Based on the origin, microbial dominates the market with roughly 65.0% share in the market. This is due to the lower capital cost incurred during the production of microbial biopesticides. Microbial biopesticides were valued at US$ 1,941.5 million in 2022.
Which Application Utilizes the Maximum Amount of Biopesticides?
“Use of Biopesticides as a Foliar Spray to Dominate the Market in the Forecast Duration”
The global biopesticides market is categorized based on the various applications it finds use in including foliar spray, seed treatment, soil treatment, and post-harvest. Among these, the foliar spray with a market value of approximately US$ 4,017.6 million dominates the market in 2022.
Global biopesticides market is primarily characterized by a large number of regional players. An approximate share of 30-40% is accounted by the companies of North America, Western Europe and South Asia & Pacific. Biopesticides manufacturers targeted mainly on Asia Pacific and Latin America regions. These regions have large and developing agriculture sector and growers are focused on sustainable and organic agriculture practices.
| Attribute | Details |
|---|---|
|
Forecast Period |
2023 to 2033 |
|
Historical Data Available for |
2018 to 2022 |
|
Market Analysis |
US$ Million for Value |
|
Key Regions Covered |
|
|
Key Countries Covered |
|
|
Key Market Segments Covered |
|
|
Key Companies Profiled |
|
|
Report Coverage |
|
|
Customization & Pricing |
Available upon Request |
By Product Type:
By Origin:
By Formulation:
By Application:
By Crop Type:
By Region:
The global biopesticides market is valued at US$ 8,123.8 million in 2023.
Consumption of biopesticides increased at a CAGR of 11.0% from 2018 to 2022.
Worldwide demand for biopesticides is estimated to reach US$ 21,827.6 million by 2033.
Global demand for biopesticides is projected to increase at 10.3% CAGR from 2023 to 2033.
Bayer AG, DowDuPont, BASF.SE, Syngenta AG, Marrino Bio Innovations, Certis USA L.L.C collectively holds an approximate share of 20-30% in the global biopesticides marketplace.
The market for biopesticides in Europe is estimated to reach US$ 2,167.2 million in 2023.
