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The global biopesticides market size is estimated to be worth $6.9 billion in 2023, growing at CAGR of 9.5% during the forecast period from 2023 to 2035.
Biopesticides are natural compounds that protect crops by killing agricultural pests using natural materials / biomolecules or living organisms. Every living organism faces potential threat from predators, parasites, and competition from other organisms. Study of these interactions have unveiled numerous prospects for employing living organisms or compounds derived from them as biopesticides / biocontrols to safeguard the agricultural crops against insects, fungus, bacteria, viruses, nematodes, and mollusks. It is worth highlighting that the regulatory approval process of biopesticides / biocontrols is faster than that of their counterpart, chemical pesticides. Additionally, biopesticides / biocontrols can be developed in a shorter timeframe and have a significantly lower production cost than the synthetic pesticides. Further, biopesticides play a crucial role in reducing environmental pollution caused by residues of chemical-based pesticides. Moreover, as these inputs are derived from living organisms, they promote sustainable agricultural practices.
The major market growth drivers contributing to the growth of global market size for biopesticides include growth in seed treatment solutions and increase in IPM for crop cultivation. Seed treatment forms a chemical barrier between the seed and the external environment, protecting the seed and enhancing plant vigor. Presently, cultivators are increasingly adopting biological seed treatment solutions to improve crop productivity. Moreover, Integrated pest management (IPM) is playing a pivotal role in propelling the biopesticides market. This approach involves the use of biopesticides with chemical pesticides to improve pest control and mitigate the chance of developing agrochemical resistant pests. Owing to this fact, more cultivators are adopting IPM for sustainable crop cultivation.
Market restraints are the factors or conditions that can hinder or impede the growth and progress of a market. These factors include higher cost to productivity ratio, inconsistent product performance and limited information on product efficacy. Application of biopesticides is a complex process which incurs substantial costs. Moreover, effectiveness of these products is evidently influenced by environmental factors, affecting the overall crop yield. Owing to this, the cost to productivity ratio in using biopesticides is relatively higher than the chemical alternative. Furthermore, biopesticides primarily interact with the plant’s natural surroundings to induce effect. Therefore, the performance of biological crop solutions can be impacted by multiple environmental factors, including temperature, humidity, and soil type, which may lead to inconsistent product performance.
The key market opportunities in the biopesticides and bioinsecticides market are driven by the growing demand for organic food production, increasing environmental concerns, rising global population and decreasing agricultural landmass, extensive crop losses given to pests and regulatory constraints on conventional agrochemicals. Owing to the increasing adoption of organic food products across the world, the demand for biopesticides has also witnessed a significant rise. Further, the use of conventional agrochemicals over the years has led to soil degradation and compromised crop quality. Given the rising recognition of sustainable agriculture as a promising solution for addressing these challenges, the need for reliable and efficient production of biopesticides is anticipated to grow.
The biopesticides market forecast on the basis of source of product (microbes, plant extracts and other sources). On the basis of mode of application (foliar sprays, seed treatments, soil treatments and other application methods). On the basis of type of crop treated (cereals and pulses, fruits and nuts, green fodder, vegetables and tubers, oilseeds, industrial crops, textile crops and others). By geographical regions, the market is analyzed across North America, Europe, Asia-Pacific, Middle East and North Africa and Latin America.
Based on mode of applications, the biopesticides or bioherbicides market is analyzed across foliar sprays, seed treatments, soil treatments and other application methods. Foliar sprays holds the largest market share globally owing to its various benefits, including quicker nutrient absorption through leaves, increased cellular activity, and enhanced nutrient uptake. The soil treatment segment also contributes significantly to market revenue, employing physical, mechanical, chemical, and biological treatment techniques. Seed dressing, seed pelleting, and seed coating are among the major seed treatment application techniques, offering cost-effectiveness and efficiency. Seed treatment is expected to be the fastest-growing application of the product over the forecast period.
Based on region, the biopesticides market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Currently, North America and Europe account for nearly 60% of the market share in the biopesticides market. The demand for biologic crop solutions has surged in the North America region. Additionally, the European Union implemented the Farm to Fork strategy in 2020, which aims to reduce the use of chemical pesticides and fertilizers by substituting them with biopesticides. In the coming years, the Asia Pacific region is expected to experience significant growth in the biopesticides market given to the increasing demand for organic food products.
Key bio pesticide manufacturer that are engaged in biopesticides market are (in alphabetical order) Andermatt, Bayer, BioSafe Systems, Certis Biologicals, Corteva Agriscience, Novozymes, Nutri-Tech Solutions, ProFarm, Syngenta and Valent Biosciences. This market report includes an easily searchable excel database of all the bio pesticide manufacturer worldwide.
|by Source of Product
|by Mode of Application
|by Type of Crop Treated
|Key Geographical Regions
|Key Market Players
There has been recent activity in the biopesticides industry and some of the key developments have been mentioned below: