Registering a CAGR of 11.9% over the forecast period of 2022-2027, the global Biopesticide market size is anticipated to reach the market value of USD 10290 million in the year 2027 from USD 4703.5 million in the year 2021.
A biopesticide refers to an organic pest repellent that is manufactured using naturally occurring substances, such as plants, microbes and biochemicals. Bioherbicides, bioinsecticides, and bio fungicides are some of the most commonly used biopesticide products. They aid in controlling the growth of weeds, pests and insects on crops and are usually applied through foliar spray or directly added into the soil for the treatment of crops. In comparison to the traditionally used synthetic pesticides, biopesticides are inherently less toxic, provide permanent or long-term control of pests and are highly efficient even when applied in minimal quantities.Biopesticides in sustainable agriculture address several environmental and social concerns and offer innovative and economically viable opportunities for growers, laborers, and consumers. This is one of the major drivers for the biopesticides market's growth. There is growing consumer demand for organic food instead of conventional food to avoid adverse health effects caused by chemical preservatives, shifting growers toward organic cultivation that uses biopesticides instead of chemicals.
Biopesticides market manufacturers have focused on developing products to suit the climatic variations in a region along with improving their geographic presence. Moreover, ease in availability of biopesticides along with favorable cost economics is escalating the product usage.
The global Biopesticide Market includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Bayer Crop Science, Valent BioSciences, Certis USA, Syngenta, Koppert, BASF, Andermatt Biocontrol, Corteva Agriscience, FMC Corporation, Isagro, Marrone Bio Innovations, Chengdu New Sun, Som Phytopharma India, Novozymes, Coromandel, SEIPASA, Jiangsu Luye, Jiangxi Xinlong Biological, Bionema.
Industry News and Development:
In 2022, Syngenta Crop Protection AG developed two next-generation bioinsecticides, NemaTrident and UniSpore, from Bionema Limited, a biocontrol technology developer. With this move the company aims to combat increasing resistance and a wide range of insects and pests across horticulture and ornamentals, turf amenity, and forestry, giving customers even greater choice.
In March 2021, BASF and AgBiome signed an agreement to bring a new biological fungicide to the market in Europe, and key countries in the Middle East and Africa.
Biopesticide Market is segmented based on the Type, Applications and Regions.
By Type, it is segmented into
By Applications, it is segmented into
By Crop
By Form
By Source
The demand for biopesticides in North America is driven by factors, including the increased interest in green agricultural practices and the loss of many conventional products to reregistration and/or performance issues. More than 60 companies are developing and/or selling biopesticide products today in the United States alone. Product development has also driven up the demand for biopesticides.Canada is another potential market for biopesticides and their regulation, with strong R&D, registration, and advancement as inherently risk-reduced pesticides.
North America accounted for 37.1% market share in 2021 and is anticipated to grow at a considerable rate from 2022 to 2027. Large organic industry along with favorable regulatory support is driving the organic farming practices in North America. Organic fruits & vegetables amounted for the largest share and are projected to continue its dominance over the forecast timeframe.
Scope of the Report covers Biopesticide Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Biopesticide Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Biopesticide Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Bayer Crop Science, Valent, Syngenta, Koppert, BASF |
Forecast Period 2022 to 2028 CAGR | CAGR of 11.9% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Bayer Crop Science, Valent BioSciences, Certis USA, Syngenta, Koppert, BASF, Andermatt Biocontrol, Corteva Agriscience, FMC Corporation, Isagro, Marrone Bio Innovations, Chengdu New Sun, Som Phytopharma India, Novozymes, Coromandel, SEIPASA, Jiangsu Luye, Jiangxi Xinlong Biological, Bionema. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 164 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Biopesticide Market is studied from 2017 - 2027.
What is the growth rate of Biopesticide Market?
The Biopesticide Market is growing at a CAGR of 11.9% over the next 5 years.
What regions does this Biopesticide Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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REPORT WRITING/ PRESENTATION
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