The global biopesticides market was valued at $7,012.70 million in 2020, and is projected to reach $33,638.90 million by 2031, growing at a CAGR of 13.9% from 2022 to 2031. Biopesticide is a microbial toxin, which is biological poison generated from microorganisms such as bacteria or fungi. Pathogenesis by microbial entomopathogens begins with pathogen infiltration through the insect's stomach, followed by pathogen growth, which results in the insect's death.
The biopesticides market is primarily driven by the demand for organic goods and those generated via organic farming. Biopesticides, led by Bacillus thuringiensis (bt)-based products, have gained commercial acceptance as an alternative for traditional insecticides, nematicides, and fungicides in agricultural applications. Furthermore, increase in the expense of using synthetic pesticides contributes to the growth of the biopesticides market. This provides biopesticide producers with an excellent potential to increase market share through commercial and organic farming output.
Biopesticides offer a wide range of uses in food packaging, which is one of the primary drivers driving the market growth. Furthermore, rise inneed for practical and easy-to-use packaging has boosted the demand for barrier features to keep food fresh and extend its shelf life. Biopesticides are used in food packaging to reduce material waste and allow easy and customizable packaging. Furthermore, biopesticides lower food packaging costs, resulting in increased usage.
Biopesticides in organic agriculture solve a number of environmental and social challenges while also providing producers, laborers, and consumers with new and economically feasible options. This is one of the primary factors of the biopesticides market's expansion. Consumers prefer organic food over conventional food to prevent the negative health consequences associated with chemical preservatives, which drives producers toward organic horticulture that use biopesticides rather than toxins. Increase in environmental concerns cleared the path for the usage of bio-based insecticides. According to Research Institute of Organic Agriculture(FiBL) figures, the organic area in Europe expanded from 16.4 million hectares in 2019 to 17.0 million hectares in 2020
Rise in demand for the adoption of sustainable and cost-effective solutions has fueled product development and innovation in the biopesticides industry. Manufacturers are now aware of the side effects caused by pheromones, and hence they are introducing new biopesticides variants that help to eradicate the pests and do not interfere with the growth rate of the crops.Manufacturers are anticipated to benefit from the newer prospects, owing to increase in stringency of chemical-residue-related laws, greater integration of Integral Pest Management (IPM) programs in developing nations, and quicker licensing of biopesticides than chemical pesticides. Innovations in liquid formulation of biopesticides for foliar application have emerged,as the category continues to grow in popularity.
The cost of using synthetic pesticides is increasing daily, boosting the need for biopesticides, which promotes market growth. The introduction of genetically modified (GM) seeds was expected to reduce the demand for pesticides, but investigations have revealed that this is not the case. This provides biopesticide producers with an excellent potential to increase market share through commercial and organic farming output. Furthermore, biopesticides assist farmers, packers/shippers, food processors, food merchants, and consumers in several ways. They can be used to manage illness and nuisances, such as mosquito and tick control, therefore protecting public health. In agricultural applications, biopesticides are beneficial to crop quality and yield, thus helping farmers in delivering affordable and healthy fruits and vegetables to consumers across the globe. Through their highly targeted modes of action, biopesticides also allow farmers to maintain beneficial insect population in their fields, reducing the dependency of farmers on conventional chemical pesticides.
The biopesticides market is segmented on the basis of product type, formulation, crop type, and region. Depending on the product type, the market is fragmented into microbial, predators, and others. By formulation, the market is divided into dry form and liquid form. According to corn type, the market is categorized into orchards, grazing & dry land, and field crops. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Russia Federation, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).
The players operating in the global biopesticides market have adopted various developmental strategies to expand their biopesticides market share, increase profitability, and remain competitive in the market. The key players profiled in this report include AgBioChem, Inc., AgBiTech Pty Ltd., Ajay Bio-Tech Ltd., Amit Biotech Pvt. Ltd., Andermatt Biocontrol AG, Arizona Biological Control, Inc., BASF SE, Bayer AG, Kemin Industries, and Novozymes A/S.
The biopesticides market is primarily driven by the demand for organic goods and those generated via organic farming. Biopesticides, led by Bacillus thuringiensis (bt)-based products, have gained commercial acceptance as an alternative for traditional insecticides, nematicides, and fungicides in agricultural applications. Furthermore, increase in the expense of using synthetic pesticides contributes to the growth of the biopesticides market. This provides biopesticide producers with an excellent potential to increase market share through commercial and organic farming output.
Biopesticides offer a wide range of uses in food packaging, which is one of the primary drivers driving the market growth. Furthermore, rise inneed for practical and easy-to-use packaging has boosted the demand for barrier features to keep food fresh and extend its shelf life. Biopesticides are used in food packaging to reduce material waste and allow easy and customizable packaging. Furthermore, biopesticides lower food packaging costs, resulting in increased usage.
Biopesticides in organic agriculture solve a number of environmental and social challenges while also providing producers, laborers, and consumers with new and economically feasible options. This is one of the primary factors of the biopesticides market's expansion. Consumers prefer organic food over conventional food to prevent the negative health consequences associated with chemical preservatives, which drives producers toward organic horticulture that use biopesticides rather than toxins. Increase in environmental concerns cleared the path for the usage of bio-based insecticides. According to Research Institute of Organic Agriculture(FiBL) figures, the organic area in Europe expanded from 16.4 million hectares in 2019 to 17.0 million hectares in 2020
Rise in demand for the adoption of sustainable and cost-effective solutions has fueled product development and innovation in the biopesticides industry. Manufacturers are now aware of the side effects caused by pheromones, and hence they are introducing new biopesticides variants that help to eradicate the pests and do not interfere with the growth rate of the crops.Manufacturers are anticipated to benefit from the newer prospects, owing to increase in stringency of chemical-residue-related laws, greater integration of Integral Pest Management (IPM) programs in developing nations, and quicker licensing of biopesticides than chemical pesticides. Innovations in liquid formulation of biopesticides for foliar application have emerged,as the category continues to grow in popularity.
The cost of using synthetic pesticides is increasing daily, boosting the need for biopesticides, which promotes market growth. The introduction of genetically modified (GM) seeds was expected to reduce the demand for pesticides, but investigations have revealed that this is not the case. This provides biopesticide producers with an excellent potential to increase market share through commercial and organic farming output. Furthermore, biopesticides assist farmers, packers/shippers, food processors, food merchants, and consumers in several ways. They can be used to manage illness and nuisances, such as mosquito and tick control, therefore protecting public health. In agricultural applications, biopesticides are beneficial to crop quality and yield, thus helping farmers in delivering affordable and healthy fruits and vegetables to consumers across the globe. Through their highly targeted modes of action, biopesticides also allow farmers to maintain beneficial insect population in their fields, reducing the dependency of farmers on conventional chemical pesticides.
The biopesticides market is segmented on the basis of product type, formulation, crop type, and region. Depending on the product type, the market is fragmented into microbial, predators, and others. By formulation, the market is divided into dry form and liquid form. According to corn type, the market is categorized into orchards, grazing & dry land, and field crops. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Russia Federation, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).
The players operating in the global biopesticides market have adopted various developmental strategies to expand their biopesticides market share, increase profitability, and remain competitive in the market. The key players profiled in this report include AgBioChem, Inc., AgBiTech Pty Ltd., Ajay Bio-Tech Ltd., Amit Biotech Pvt. Ltd., Andermatt Biocontrol AG, Arizona Biological Control, Inc., BASF SE, Bayer AG, Kemin Industries, and Novozymes A/S.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biopesticides market analysis from 2020 to 2031 to identify the prevailing biopesticides market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the biopesticides market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global biopesticides market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Microbial
- Predators
- Others
By Formulation
- Dry Form
- Liquid Form
By Crop Type
- Orchards
- Grazing And Dry Land
- Field Crops
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Russian Federation
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Rest of LAMEA
Key Market Players
- AgBioChem, Inc.
- AgBiTech Pty Ltd.
- Ajay Bio-Tech Ltd.
- Amit Biotech Pvt. Ltd.
- Andermatt Biocontrol AG
- Arizona Biological Control, Inc.
- BASF SE
- Bayer AG
- kemin industries
- Novozymes A/S
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BIOPESTICIDES MARKET, BY PRODUCT TYPE
CHAPTER 5: BIOPESTICIDES MARKET, BY FORMULATION
CHAPTER 6: BIOPESTICIDES MARKET, BY CROP TYPE
CHAPTER 7: BIOPESTICIDES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Biopesticides Market,' the biopesticides market was valued at $7,012.70 million in 2020, and is estimated to reach $33,638.90 million by 2031, growing at a CAGR of 13.9% from 2022 to 2031.Microbial pesticides (products that contain microorganisms, such as bacterium or fungus as the active ingredient) and biochemical pesticides (products that contain naturally occurring substances, such as insect sex pheromones, certain plant extracts, and fatty acids) provide several advantages to farmers. Biopesticides are competitive in both price and efficiency. Biopesticide products provide viable alternatives in situations where conventional chemical pesticides and genetically modified crops are subject to regulatory restrictions. Biopesticides comply with market-imposed requirements for pest management programs by food processors and retailers. Furthermore, biopesticides are eco-friendly and meet stringent organic farming requirements. Biopesticides are exempted from the maximum residue limit (MRL) that is applied to synthetic pesticides and are expected to encourage the development of insect, fungal, and bacterial resistance.
One of the pillars of sustainable agriculture is an effective Integrated Pest Management (IPM) program. IPM uses biological controls (such as predatory insects), cultural practices, and chemical management to keep pest population under control. However, if a pest problem becomes serious chemicals are used. Farmer has two choices, which includes standard & synthetic product or an organic biopesticide. The main advantage of adopting biopesticides into a sustainable agricultural system is that the pesticides are environmentally safe and do not harm the soil or water supply. The adoption of biopesticides is increasing the sales which is fueling the growth of the global biopesticides market size.
Presently, biopesticides are important components in IPM programs as the availability of synthetic pesticides is declining rapidly as a result of new legislation and the evolution of resistance in pest populations. In addition, there are new biopesticides market opportunities for the development of biopesticides in IPM by combining ecological science with post-genomics technologies. These new biopesticide products are expected to give rise to new regulatory and economic challenges that must be addressed through joint working between social and natural scientists, policymakers, and the biopesticides industry.
Depending onvalue, Europe and LAMEA collectively contributed approximately 40% share of the global market in 2021. Emerging countries such as Brazil, Argentina, and Chile display a huge growth potential for this market on account of high agricultural operation and decent number of population shifting toward agricultural sector in these countries.
The biopesticides market is segmented on the basis of product type, formulation, crop type, and region. On the basis of product type, the market is fragmented into microbial, predators, and others. Depending on formulation, the market is classified into dry form and liquid form. According to corp type, the market is categorized into orchards, grazing & dry land, and field crops. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Russia Federation, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).
Key findings of the Study
- On the basis of biopesticides market analysis for region, Asia-Pacific accounted for the largest revenue share of the global market, registering a significant CAGR from 2022 to 2031, followed by North America.
- On the basis of biopesticides market trends in 2021, the orchards crop type segment accounted for approximately $ 40% share, in terms of value, and is expected to grow at the highest rate.
- North America is anticipated to grow at the highest CAGR of 13.8% from 2022 to 2031 in the biopesticides market forecast period.
- In 2021, the U.S. generated the highest revenue, accounting for approximately $ 20% share of the global market.
- Brazil is anticipated to grow at a significant CAGR of 15.4% during the forecast period.
Companies Mentioned
- AgBioChem, Inc.
- AgBiTech Pty Ltd.
- Ajay Bio-Tech Ltd.
- Amit Biotech Pvt. Ltd.
- Andermatt Biocontrol AG
- Arizona Biological Control, Inc.
- BASF SE
- Bayer AG
- kemin industries
- Novozymes A/S
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 290 |
| Published | March 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 8036.76 million |
| Forecasted Market Value ( USD | $ 33638.9 million |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
