Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.15 Billion | USD 19.48 Billion | 9.1% | 2024 |
The global biopesticides market size was worth around USD 8.15 Billion in 2024 and is predicted to grow to around USD 19.48 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 9.1% between 2025 and 2034. The report analyzes the global biopesticides market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the biopesticides industry.
Biopesticides refer to a wide spectrum of microbial pesticides and biochemicals extracted from microorganisms & other sources. The use of biopesticide helps in maintaining a synergy between its production and the preservation of a green environment. Moreover, biopesticide can be also derived from methods like genetic integration of DNA in farming products for providing protection to crops against damage from pests. For instance, a few microbial pesticides like Bacillus thuringiensis have proved to be efficient & safe biopesticides in the past many years.
Harmful environmental impact of synthetic pesticides to boost the product demand globally
The hazardous effect of synthetic pesticides on the environment as well as human health has prompted the need for adopting eco-friendly practices in the field of agriculture to curb pests & controlling plant damage. This has resulted in the massive use of biopesticides in farming in recent years. This is likely to drive the growth of the biopesticides market globally. Reportedly, the regulatory bodies such as the U.S. EPA have approved the use of product, thereby driving the market progression across the globe. In addition to this, a large allocation of funds to research activities related to biopesticides will embellish the expansion of the global market over the ensuing years. With commercial avenues available for bioherbicides and bionematicides, the market for biopesticides is predicted to expand by leaps & bounds in the coming years. New product launches will contribute majorly towards the global market earnings in the coming years. For instance, in September 2023, Croda International plc, a key UK-based firm in the specialty chemicals business, introduced Atlox™ BS-50, a new product fulfilling the requirements of the biopesticides sector.
Fluctuations in the supply chain to impede the global industry surge over 2023-2030
Disruption in the supply chain activities can pose a threat in the expansion of the biopesticides industry across the globe. Low rate of product adoption in emerging economies can further restrain the growth of the industry across the globe.
Huge demand for microbial biopesticides will carve new avenues of growth for the global market by 2030
The large-scale use of microbial biopesticides for treating pests owing to favorable government legislations along with changing consumer preferences will open new growth avenues for the global biopesticides market in the years ahead. Surging demand for organic foods will steer the expansion of the market globally.
Biopesticides Market: Challenges
Huge costs of raw components to create obstructions in the global market expansion over forecast timeline
Lack of availability of raw materials resulting in their surging costs can prove to be detrimental to the global biopesticides industry expansion. Low awareness about product benefits among the farmers of the developing countries has further diminished the expansion of the industry globally.
The global biopesticides market is sectored into type, mode of application, source, crop application, and region.
In type terms, the global biopesticides market is segregated into bioinsecticides, biofungicides, and bionematicides segments. Furthermore, the biofungicides segment, which acquired approximately 55% of the global market revenue in 2022, is expected to register the highest gains in the next few years. The growth of the segment during the projected timeframe can be ascribed to massive demand for the product in farming activities in emerging economies such as India, China, Mexico, and various other Latin & South American as well as Asian countries. Apart from this, the humungous use of product in the manufacture of chemical agricultural products will further steer the segmental surge.
Based on the source, the global biopesticides industry is sectored into microbials, plant extracts, and beneficial insects segments. Moreover, the microbials segment, which accumulated the largest share of the global industry in 2022, is anticipated to dominate the segmental sphere in the next couple of years. The expansion of the segment in the upcoming years can be owing to ability of microbials in absorbing nutrients of high quality along with rise in the harvesting of microbiota for plants. Additionally, microbials containing biopesticides are used for protecting crops from various pathogens, thereby improving the quality and yield of crops. All these aspects will drive the segmental surge in the coming years.
Based on the mode of application, the biopesticides market across the globe is divided into soil treatment, post-harvest treatment, foliar spray, and seed treatment segments. Furthermore, the foliar spray segment, which acquired a huge share of the global market in 2022, is anticipated to record rapid growth in the years ahead. The segmental surge over the projected timeframe can be credited to the massive use of the foliar spray method for rapid seed growth post-germination. Foliar spray can also prove to be a preventive and curative treatment for treating various kinds of plant diseases as well as its nutritional deficiencies.
Based on the crop application, the biopesticides market globally is bifurcated into cereals & grains, oilseeds & pulses, fruits & vegetables, and others segments.
Based on the formulation, the global biopesticides market is segmented into dry and liquid segments.
Report Attributes | Report Details |
---|---|
Report Name | Biopesticides Market |
Market Size in 2024 | USD 8.15 Billion |
Market Forecast in 2034 | USD 19.48 Billion |
Growth Rate | CAGR of 9.1% |
Number of Pages | PagesNO |
Key Companies Covered | BASF SE, Syngenta AG, Bayer CropScience, Novozymes A/S, Marrone Bio Innovations, BioWorks Inc., Koppert Biological Systems, Gowan Group, Certis USA LLC, Sumitomo Chemical Company Limited, and others., and others. |
Segments Covered | By Type, By Source, By Formulation, By Mode of Application, By Crop Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2024 |
Forecast Year | 2025 to 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is predicted to maintain its dominant position in the global biopesticides market over the prognosis timespan
North America, which amassed approximately 39.5% of the global biopesticides market revenue share in 2022, is predicted to dominate the regional landscape in the upcoming years. Additionally, the regional market expansion over the ensuing years can be credited to strict laws governing the use of synthetic crop-protecting chemicals due to surging environmental concerns. Rise in product sales in countries such as the U.S. and Canada will further enhance the scope of the market growth in the North American sub-continent. Additionally, the huge focus of firms in the region on using microbe-based pesticides for improving crop yield as well as resisting pests along with enhancing crop quality will scale up the regional market trends.
Asia-Pacific biopesticides industry is set to register the highest CAGR in the upcoming years owing to a rise in the population leading to the need for high crop yield and a surge in farming activities. Apart from this, the growing need for food security and the need for high-quality crop production will steer the regional industry trends. Additionally, the availability of less arable land for farming activities will embellish the expansion of the industry in the sub-continent.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the biopesticides market on a global and regional basis.
The global biopesticides market profiles key players such as:
By Type
By Mode of Application
By Source
By Crop Application
By Formulation
FrequentlyAsked Questions
Biopesticide refers to a wide spectrum of microbial pesticides and biochemical extracted from microorganisms & other sources.
The global biopesticides market is expected to grow due to rising demand for sustainable agriculture, stringent regulations on chemical pesticides, and growing organic farming practices.
According to a study, the global biopesticides market size was worth around USD 8.15 Billion in 2024 and is expected to reach USD 19.48 Billion by 2034.
The global biopesticides market is expected to grow at a CAGR of 9.1% during the forecast period.
North America is expected to dominate the biopesticides market over the forecast period.
The global biopesticides market is led by players such as BASF SE, BioWorks Inc., Syngenta AG, Bayer CropScience, Novozymes A/S, Marrone Bio Innovations, Koppert Biological Systems, Gowan Group, Certis USA LLC, and Sumitomo Chemical Company Limited.
The biopesticides market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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