According to the latest report by IMARC Group, titled “Biopesticides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on biopesticides market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
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.
Biopesticides are biological or biologically-derived agents designed to control pests, including insects, weeds, plant diseases, and others, in agricultural and horticultural environments. These substances are formulated from naturally occurring organisms, such as bacteria, fungi, viruses, or plants. They serve as an alternative to conventional chemical pesticides, aiming to mitigate their environmental and health risks. In an integrated pest management (IPM) strategy, they are frequently employed in addition to conventional pest control techniques, minimising reliance on artificial chemical treatments. In general, biopesticides can be divided into three main categories: microbial pesticides, which use microorganisms as their active ingredient; biochemical pesticides, which are naturally occurring substances that control pests through non-toxic mechanisms; and plant-incorporated protectants, which are pesticidal substances that plants produce from genetic material.
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Market Trends:
The global biopesticides market is witnessing substantial growth due to the growing understanding of the dangers that synthetic pesticides pose to both the environment and human health. Additionally, the growing emphasis on sustainable farming and organic food production globally is driving the market expansion. Along with this, governments across the globe are also implementing regulations to restrict chemical pesticide use and promote biopesticides, further impacting the market. In addition, the ever-growing population and subsequent need to increase crop yields necessitate the use of effective pest control methods, including biopesticides. Furthermore, advancements in biotechnology and agricultural science are leading to the development of more effective and target-specific biopesticides, creating a positive market outlook. Some of the other factors driving the market include the rising consciousness of the environment among the masses and increasing research and development (R&D) activities.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the 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
Biopesticides Market Segmentation:
Our report has categorized the market based on region, 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)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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