Biopesticides Market

Market Overview:

The global biopesticides market size reached US$ 6.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2028, exhibiting a growth rate (CAGR) of 14.1% during 2023-2028.

A biopesticide refers to an organic pest repellent that is manufactured using naturally occurring substances, such as plants, microbes and biochemicals. Bioherbicides, bioinsecticides and bio fungicides are some of the most commonly used biopesticide products. They aid in controlling the growth of weeds, pests and insects on crops and are usually applied through foliar spray or directly added into the soil for the treatment of crops. In comparison to the traditionally used synthetic pesticides, biopesticides are inherently less toxic, provide permanent or long-term control of pests and are highly efficient even when applied in minimal quantities.

Significant growth in the agriculture industry, along with the increasing adoption of organic farming practices, represent as the key factors driving the growth of the market. Owing to the growing concerns for soil health, agricultural sustainability and environmental safety, biopesticides are being increasingly used to improve soil fertility and prevent plant infestation. Furthermore, increasing consumer awareness regarding the adverse environmental effects of using synthetic pesticides and other agricultural additives is also providing a boost to the market growth. Artificial pesticides and fertilizers are known to leave a toxic residue, which can cause microbial imbalance, soil pollution and reduce the levels of biocontrol agents in the soil. Additionally, shifting consumer preference toward organic food products manufactured using chemical-free ingredients is creating a positive impact on the market growth. Other factors, such as innovations in the field of agricultural sciences and the implementation of favourable government policies to promote sustainable farming practices, are projected to drive the market in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global biopesticides market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being BASF, Bayer AG, Certis USA LLC, FMC Corporation, Isagro, Koppert Biological Systems., Marrone Bio Innovations, Novozymes Biologicals, Stockton (Israel) Ltd., Syngenta Crop Protection AG, The Dow Chemical Company, Valent BioSciences Corporation, etc.

Report Coverage: