Global Biopesticides Market Report | 2023-2028

Market Insights

The global biopesticides market is estimated to grow from USD 5.77 billion in 2022 to USD 13.65 billion by 2028 at an impressive CAGR of 15.32% during the forecast period.

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What is Biopesticide?

Biopesticide is a term that defines compounds that are used to manage agricultural pests by means of specific biological effects rather than as broader chemical pesticides. It refers to products that contain biocontrol agents – i.e., natural organisms or substances that are derived from natural materials (such as animals, plants, bacteria, or certain minerals), including their genes or metabolites, for controlling pests

Market Dynamics

The surge in demand for natural-based manure among farmers along with increasing industry competitiveness is driving the growth of the market. Furthermore, the rapid expansion of the organic food & beverage industry accompanied by growing consumer awareness regarding food safety & hygiene is fueling the biopesticides market growth.

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Opportunity: China, India, Brazil, and Argentina are major consumers of pesticides due to population growth, middle-class expansion, and increased disposable income. However, pollution and soil contamination are significant issues in these regions. Governments are promoting integrated pest management practices to address these concerns. Factors influencing biopesticide adoption include availability, organic farming, farmer awareness, high-value cash crop cultivation, and effective promotion. Government agencies provide subsidies and regulatory policies to support large-scale production in countries like India and China. South America also has a biopesticide market with low entry barriers and a small number of producers. As farmers' awareness of biopesticide benefits grows, consumption of biopesticides is expected to increase in these regions.

Challenge: The crop protection industry has grown significantly, with over 600 active ingredients available globally. Despite the strong demand for conventional pesticides, new products have slowed down. Farmers in developing countries prefer chemical pesticides due to their market presence. However, there is increasing awareness of biological crop protection, which has helped identify registered products and dispel misconceptions about counterfeit products. Despite this, farmers remain cautious about adopting biologicals due to their reliance on chemical pesticides, perception of higher yields and efficiency, and cost and delayed effects compared to biological products. These factors pose significant challenges to the widespread adoption of biopesticides.

Key Players

Some of the key players in the global market are-

• Arysta Lifescience
• Bayer
• Bioworks
• Futureco Bioscience
• Bio Huma Netics Inc.
• Koppert B.V.
• Stoller
• Syngenta
• BASF SE
• Parry America, Inc.
• International Panaacea Ltd
• Valent BioScience.

Segment Analysis

By Product Type

The market is segmented as bioherbicides, bioinsecticides, biofungicides, and others. Biofungicides are expected to witness significant growth during the forecast period. The growth of the segment is driven by technological advancements, which have led to the development of highly effective biofungicides to reduce the damage caused by disease-causing bacteria among others. Furthermore, product development with the capability to weather high temperatures will escalate the market share of biopesticides over the forecast period.

By Application Type

The market is segmented as seed treatment, foliar spray, and soil spray. Foliar spray application dominated the overall industry accounting for more than 80% share in 2022. The segment is estimated to maintain its incontestable lead during the forecast period as well. Biopesticides application employing foliar spray ascertains efficient pest control and increases plant productivity. Furthermore, the growing usage of foliar spray in crop protection owing to the availability of spray ingredients and ease in application will fuel the biopesticides market growth over the forecast period.

By Crop Type

The market is segmented as grains & oil seeds, fruits & vegetables, and others. The fruits & vegetables segment is estimated to account for the major share of the market during the forecast period. Increasing global demand for organic fruits & vegetables coupled with growing awareness regarding healthy diets is driving the growth of the segment.

By Source Type

The market is segmented as microbial, biochemical, and others. Microbial biopesticides are expected to register the fastest growth during the forecast period. Proven to be effective alternatives for places, where the use of conventional pesticides is restricted, they dominate the global biopesticides market, thereby significantly contributing to the growth of the segment.

By Region

North America dominated the market for biopesticides in 2022 and is expected to dominate the market during the forecast period as well. The growth of the region is supported by a large organic industry along with favourable regulatory support, driving organic farming practices in North America. Organic fruits & vegetables which amounted to the largest share in 2022, are estimated to continue their dominance over the next five years as well. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The biopesticides market is segmented into the following categories:

By product type:

• Bioherbicides
• Bioinsecticides
• Biofungicides
• Others

By application type:

• Seed Treatment
• Foliar Spray
• Soil Spray

By crop type:

• Grains & Oil Seeds
• Fruits & Vegetables
• Others

By form type:

• Dry
• Liquid

By source type:

• Microbial
• Biochemical
• Others

By region:

• North America 
• Europe
• Asia-Pacific
• Rest of the World

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current market segmentation by any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.