Biopesticides Market Growth Analysis Report (2023-2028)

Biopesticides Market Growth Analysis Report (2023-2028)

Biopesticides Market Growth Analysis Report (2023-2028)
Report code - SR1243 Delivery - 2 Weeks
Biopesticides Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: See more...

Market Insights

"The global biopesticides market size was estimated at USD 5.77 billion in 2022 and is likely to grow at a CAGR of 15.32% during 2023-2028 to reach USD 13.65 billion in 2028."

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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.

Biopesticides Market Report Overview

Market Size in 2022

USD 5.77 billion

Market Size in 2028

USD 13.65 billion

Market Growth (2023-2028)

CAGR of 15.32%

Base Year of Study

2022

Trend Period

2017-2021

Forecast Period

2023-2028

Market Dynamics

Market Drivers

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.

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

The following are the key players in the biopesticides market (arranged alphabetically).

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

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com.

Segment Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Product-Type Analysis

Bioherbicides, Bioinsecticides, Biofungicides, and Others

Biofungicides are expected to witness significant growth during the forecast period.

Application-Type Analysis

Seed Treatment, Foliar Spray, and Soil Spray

The Foliar Spray segment is estimated to maintain its incontestable lead during the forecast period.

Crop-Type Analysis

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.

Source-Type Analysis

Microbial, Biochemical, and Others

Microbial biopesticides are expected to register the fastest growth during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

North America is expected to dominate the market during the forecast period as well.

Product Trends

"The biofungicides segment accounted for the largest market share."

The biopesticides market is segmented into bioherbicides, bioinsecticides, biofungicides, and others.The 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.

Application Trends

"The foliar spray segment accounted for the largest market share."

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. Biopesticide 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.

Crop Trends

"The fruits & vegetables segment accounted for the largest market share."

The market is segmented into 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.

Source Trends

"The microbial segment accounted for the largest market share."

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.

Regional Insights

"North America accounted for the largest market share."

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 favorable 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.

Biopesticides-Market-Regional-Insights

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Critical Questions Answered in the Report

  • What are the key trends in the global market?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
  • What is the impact of COVID-19 on the global market?
  • What are the key strategies adopted by the major vendors to lead in the market?
  • What is the market share of the top vendors?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s biopesticides market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

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 1000 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 15 detailed primary interviews with the market players across the value chain in all four regions and 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.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Biopesticides Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. 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 (Country Analysis: the USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Biopesticides-Market-Segmentation

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Customization Options

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)

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 to sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

Biopesticides 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.

The biopesticides market was estimated at USD 5.77 billion in 2022.

The biopesticides market is likely to reach USD 13.65 billion in 2028.

The biopesticides market is likely to grow at a CAGR of 15.32% during 2023-2028.

North America dominated the market for biopesticides in 2022, and is expected to maintain its vanguard during the forecast period during the forecast period.

Arysta Lifescience, Bayer, Bioworks, Futureco Bioscience, Bio Huma Netics Inc., Koppert B.V., Stoller, Syngenta, BASF SE, Parry America, Inc., International Panaacea Ltd, and Valent BioScience. are the key companies in the market.

The fruits & vegetables segment has the largest share of the market during the estimated time.

The surge in demand for natural-based manure among farmers along with increasing industry competitiveness is driving the growth of the market.

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