The global biopesticides market reached a value of US$ 3.96 Billion in 2020. 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. Looking forward, IMARC Group expects the global biopesticides market to exhibit strong growth during 2021-2026.
IMARC Group provides an analysis of the key trends in each sub-segment of the global biopesticides market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, formulation, source, mode of application and crop type.
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The competitive landscape of the industry has also been examined with some of the key players being 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, etc.
The global biopesticides market size was valued at US$ 3.96 Billion in 2020.
According to the estimates by IMARC Group, the global biopesticides market is expected to witness a CAGR of 14.0% from 2021 to 2026.
A significant growth in the agriculture sector along with the rising adoption of organic farming practices are some of the key drivers for the global biopesticides market.
The shifting consumer preferences towards organic food products based on the growing awareness towards negative health impact of chemical pesticides represent one of the key trends in the global biopesticides market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units and supply chain disruptions pertaining to biopesticides.
On the basis of the product, the market has been bifurcated into bioherbicides, bioinsecticides, biofungicides, and others. Currently, bioinsecticides hold the largest market share.
On the basis of the formulation, the market has been bifurcated into liquid and dry. Currently, liquid exhibits a clear dominance in the market.
On the basis of the source, the market has been divided into microbials, plant extract, and biochemicals. Among these, microbials represent the largest segment.
On the basis of the mode of application, the market has been classified into foliar spray, seed treatment, soil treatment, and post-harvest. Among these, foliar spray holds the largest market share.
On the basis of the crop type, the market has been bifurcated into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. At present, fruits and vegetables represent the largest segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, North America where dominates the global market.
The key companies in the global biopesticides 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, etc.
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